Topic
#india
1629 articles found
· 5 days ago· ET Tech
Amazon Now orders growing 25% month on month: CEO Andy Jassy in Q1 earnings call
Amazon Now's quick commerce orders are experiencing 25% month-on-month growth, with Prime members tripling their shopping frequency. The company plans to expand the service to 100 cities, supported by over 1,000 micro-fulfillment centers, as part of a significant investment in Indian infrastructure.
· 5 days ago· YourStory
Alphabet plans to ramp up investment after strong quarter driven by AI demand
Alphabet reported a Q1 net profit of $62.6 billion, up 81% YoY, including a $36.9 billion gain on equity securities, while revenue rose 22% YoY to $109.9 billion, marking its 11th straight quarter of double-digit growth.
· 5 days ago· ET Tech
No 'meaningful' shift from social media sites after Australia teen ban
Despite Australia’s recent legislation prohibiting social media access for those under 16, user habits remain largely unchanged, as indicated by recent government reports. Dominance in app store rankings persists for major platforms, while there is a troubling rise in cyberbullying incidents, partic
· 5 days ago· ET Tech
Capgemini's first-quarter revenue up 7% YoY, in line with estimates
French IT firm Capgemini saw its revenue climb seven percent year-on-year in the first quarter. This performance met the company's expectations. Growth was boosted by strong results in North America, partly due to a recent acquisition. The company has confirmed its revenue growth target for the year
· 5 days ago· YourStory
Meta logs ‘milestone’ quarter, ups AI spending plan
Meta's Q1 revenue grew 33% to $56.3 billion, while net profit rose 61% to $26.8 billion, though earnings were boosted by a one-time tax benefit.
· 6 days ago· Livemint Technology
Google Photos will now let you build a digital wardrobe and try on clothes virtually
Google Photos will introduce an AI-powered 'Wardrobe' feature that allows users to create a searchable digital closet. Users can filter by categories
· 6 days ago· Livemint Technology
Rockstar Games boss drops major GTA 6 pricing hint, claims game will cost 'way less' than its actual value
Take Two CEO Strauss Zelnick has said that GTA 6 will cost ‘way less’ than its actual value while noting that the pricing of AAA titles has been going down.
· 6 days ago· ET Tech
Amazon beats quarterly cloud growth estimates on strong AI demand; AWS revenue jumps 28%
Amazon Web Services (AWS) surpassed Wall Street's cloud revenue expectations, driven by increased enterprise spending on AI adoption. Despite strong cloud performance and significant AI partnerships, the company's stock dipped after projecting current-quarter operating income below estimates. Amazon
· 6 days ago· YourStory
Microsoft-OpenAI’s open relationship; Tuba Siddiqui’s personal care brand
Microsoft and OpenAI have announced a significant amendment to their partnership, with the duo moving from being an exclusive couple towards a more open relationship. Tuba Siddiqui's natural personal care brand, Soil Concept, offers plant-based products with a healthier, more sustainable approach.
· 6 days ago· ET Tech
Google parent Alphabet's cloud unit beats quarterly revenue estimates on strong AI demand
Alphabet's cloud unit revenue surged 63% to $20 billion, exceeding estimates and driven by strong enterprise spending on AI infrastructure. The company's overall revenue also beat expectations, with its cloud backlog nearly doubling. This performance highlights Alphabet's significant gains in the co
· 6 days ago· ET Tech
Continuous AI labelling norms to raise compliance bar, costs: Experts
India's IT Ministry proposed stricter rules for AI-generated content, mandating continuous and clear visibility of labels. This move aims to enhance transparency and platform accountability but raises concerns about feasibility, costs for creators, and potential impacts on creative expression and us
· 6 days ago· ET Tech
AI will bring changes to Indian IT’s pyramid talent model: Infosys CEO Salil Parekh
Infosys CEO Salil Parekh anticipates AI will reshape India's IT talent pyramid, creating new opportunities and requiring specialized skills. While large-scale structural changes are gradual, the company is adapting hiring and training to integrate AI tools. Parekh emphasizes that AI's true impact li
· 6 days ago· ET Tech
Cognizant tops estimates even as Q1 net profit dips marginally; eyes layoffs
Net profit was $663 million in the same period a year earlier. However, sequentially, net profit gained by 2.1%. Despite the flat profit growth, revenue for the quarter grew 5.8% YoY to hit $5.4 billion, beating its own forecast for the quarter. On a constant currency basis, revenue for the quarter
· 6 days ago· ET Tech
Valuation reset drives mutual fund inflows into listed new-age firms amid FPI selloff
Mutual funds increased their stakes in new-age companies during the March quarter, despite falling share prices and overall portfolio value declines. This move by domestic institutional investors comes as foreign investors divest Indian equities, with funds showing confidence in listed peers' long-t
· 6 days ago· ET Tech
Instant domestic help apps face worker unavailability amid rapid scaling, high competition
Instant domestic help platforms like Urban Company, Snabbit, and Pronto are experiencing worker shortages. This is causing limited availability for users in Delhi-NCR, Mumbai, and Bengaluru. Demand is surging, but a lack of workers is disrupting services. Platforms are working to add more supply to
· 6 days ago· ET Tech
Tata Electronics boosts headcount to 75,000
Tata Electronics has significantly expanded its workforce to 75,000, surpassing Foxconn and becoming Apple's largest contract manufacturer by headcount. This rapid growth, driven by its Hosur facility, highlights India's emergence as a key electronics manufacturing hub and Tata's strategic move towa
· 6 days ago· ET Tech
Meta shares fall on concerns over AI spending, legal scrutiny
Meta Platforms is significantly increasing its investment in artificial intelligence infrastructure. This comes as the social media giant faces growing backlash from young users globally. The company also warns of potential impacts from legal and regulatory issues in the US and European Union.
· 6 days ago· ET Tech
Anthropic weighs new funding round at valuation exceeding $900 billion: Report
Artificial intelligence firm Anthropic is exploring a new funding round. This round could value the company at over $900 billion. This valuation would make Anthropic the world's most valuable AI startup. The company is considering offers at more than double its current valuation. A decision on the r