Companies for tech companies

Synopsis India is walking the talk on becoming a global digital economy, enhancing competitive advantage with focus and investments across key intervention areas. Amid the growing fears of slowdown and global recession, the Union Budget is growth-oriented, boosting allocations across sectors, according to IT industry body Nasscom. The budget offers a playing ground for the startup community as well, and has highlighted that India is the third largest ecosystem for startups, Nasscom said in a statement. "Amidst the growing fear of slowdown and global recession, the Union Budget 2023 is growth-oriented and committed budget, that has boosted allocations across sectors," the IT industry association said. India is walking the talk on becoming a global digital economy, enhancing competitive advantage with focus and investments across key intervention areas. "Calling out the Indian economy as tech-driven, knowledge-based economy, the budget focuses on three key … [Read more...] about Budget growth-oriented, underscores role of digital, tech in development: Nasscom

Synopsis State-owned BPCL's reported consolidated net profit fell 36% to Rs 1,747 crore for the December quarter, compared with Rs 2,579 crore of last year quarter. Meanwhile, revenue from operations rose 13%. The February futures contract of Nifty 50 traded on the Singapore Exchange indicates positive start for domestic equities today. The contract was trading at 17,768, up 63 points or 0.36% from the previous close. These are some of the stocks that will be in focus for the following reasons Adani Enterprises Abu Dhabi-based diversified conglomerate International Holding Co (IHC) will invest $400 million into the follow-on public offer (FPO) of Adani Enterprises. The investment commitment from IHC comes at a time when the mega FPO of billionaire Gautam Adani’s flagship company is struggling to sail through after the massive sell-off in stocks last week. BPCL State-owned BPCL's reported consolidated net profit fell 36% to Rs 1,747 crore for the December … [Read more...] about L&T Stocks | Tech Mahindra Stocks: Stocks in news: Adani Enterprises, L&T, BPCL, Tech Mahindra, PNB, GAIL

Synopsis Microsoft-owned OpenAI has launched its paid subscription plan for ChatGPT, its text-generating AI that can write like humans. Microsoft-owned OpenAI has launched its paid subscription plan for ChatGPT , its text-generating AI that can write like humans. The new subscription plan, ChatGPT Plus , will be available for $20 a month, and subscribers will receive a number of benefits. The benefits are general access to ChatGPT even during peak times, faster response times and priority access to new features and improvements. "ChatGPT Plus is available to the customers in the United States, and we will begin the process of inviting people from our waitlist over the coming weeks," said the company in a statement late on Wednesday. "We plan to expand access and support to additional countries and regions soon. By offering this subscription pricing, we will be able to help support free access availability to as many people as possible," OpenAI added. ChatGPT … [Read more...] about OpenAI launches ChatGPT Plus for $20 a month with more features

Synopsis The layoffs were conducted over the last two weeks of January, one of the sources told ET, adding that many senior vice presidents with salaries ranging from Rs 1 crore and above were sacked. Edtech firm Byju’s has fired another 1,000 employees, with a significant portion of the latest job cuts being executed across senior roles in verticals like strategy, technology, product and others at the Bengaluru-based firm, people aware of the matter said. The layoffs were conducted over the last two weeks of January, one of the sources told ET, adding that many senior vice presidents with salaries ranging from Rs 1 crore and above were sacked. The massive cost cutting exercise which began last year is aimed at streamlining the company's operations at a time when digital K12 education businesses are finding it difficult to acquire new customers. Byju's had said in October 2022 that it was laying off 5% of its employees totalling around 2,500. Sources, however, … [Read more...] about Troubled edtech firm Byju’s continues to cut jobs, another 1,000 employees laid off

Synopsis Pei further said that his company has decided to make the US their No. 1 priority. Related Elon Musk turns investigator to find bug with private account Twitter settings, here's what he found Samsung launches Galaxy S23 Ultra at Rs 1,25,000, Galaxy S23 & S23+ start at Rs 78K; Galaxy Book3 series unveiled Alert! This app knows your location, says data privacy study Google gives mental health team the boot, fires wellness head: Why this can haunt the tech titan in the long run After successfully launching the Nothing Phone 1 , the founder of the company, Carl Pei recently announced that Nothing will soon be launching the successor. The upcoming phone will be called the Nothing Phone (2). During an interview, the CEO and the founder of the tech company told Inverse that the company has decided to make the US their No. 1 priority in terms of markets and will be launching the next flagship Android smartphone which will be called the Phone … [Read more...] about Carl Pei says Nothing Phone (2) will launch later this year, to offer refined software experience

Synopsis Experts believe that the move will help the online gaming industry to build a distinct identity for itself without getting clubbed with betting. In a major breather for the online gaming industry, the government has introduced two new sections and amended one section in the Income Tax Act to separate online gaming platforms from betting and gambling activities. Experts believe that the move will help the online gaming industry to build a distinct identity for itself without getting clubbed with betting. The government has introduced Sections 194BA and 115BBJ to tax income that users earn by winning on gaming platforms. Section 194BA deals with tax deduction at source (TDS) while Section 115BBJ prescribes the tax rate on the winnings from online games. Both sections will take effect from 1st July 2023. In the Finance Bill, the government said that Section 194BA is being introduced to tax a user’s net winnings from online games at the end of the financial … [Read more...] about Govt introduces two new sections in I-T Act to tax user income from online gaming