AD TECH MARKET
Pressure on diagnostics industry will continue for another five years : A Velumani, Thyrocare Tech
Yes, there were challenges in diagnostic industry of a different nature in early 2000. There were no automations available adequately. Before year 2000 there were only two-three automations in the country and by another 10 years it became 500, another 10 years it has become literally 5,000.
EU accuses Meta of breaking digital rules with paid ad-free option
Meta introduced a no-ads subscription service for Facebook and Instagram in Europe last November. The company stated that users who agree to tracking receive a free service supported by advertising revenue, while those who opt out can choose to pay to keep their data private.
Tech boom leads global markets through first half of 2024
The first half of 2024 was marked by soaring mega caps, political uncertainties, and remarkable movements in commodities and emerging markets. From Nvidia's market value surge to Japan's weakening yen and the rise of cryptocurrencies, the period reflected a mix of challenges and opportunities shaping the global economy.
UltraTech to buy 23% stake in India Cements for Rs 1,885 crore
UltraTech Cement approved acquiring a 23% stake in India Cements for Rs 1,885 crore at Rs 267 per share, describing it as a financial investment. The deal, which has been described as a "financial investment" by the Aditya Birla Group company, would be done in cash payment. UltraTech's stock surged 6% to Rs 11,811, and India Cements rose 12.5% to Rs 295.75 on the news.
Estonia promotes tech sharing, joint production with Indian defence companies
NATO member Estonia, known for its expertise in IT and cyber security, is seeking closer cooperation with India to jointly develop defence technology. Indian companies are invited to partner with Estonian startups and tech players to explore specific areas of interest.
Facing an unprecedented slowdown, IT companies are undergoing a shift. Here’s what’s changing
IT companies like TCS, HCLTech, Wipro and Tech Mahindra are reorganising their businesses to wade through disruptions and prepare for Gen AI. TCS, under new leadership, merged AI and cloud operations into a unified AI.Cloud unit, responding to growing demand in cloud migration and transformation services.
- Go To Page 1
Tech View: Nifty chart shows bearish candle formation. What traders should do on Monday
Nifty struggled to hold above the day’s opening range, indicating bullish sentiments going sore on the Summer Solstice Day, observed experts.
Google loses bid to end US antitrust case over digital advertising
Google had argued for a win without a trial, saying that antitrust laws do not block companies from refusing to deal with rivals and that regulators had not accurately defined the ad tech market.
Global traders flood American markets in search for safety
International investors are flooding American markets with $30 billion in stock funds, mainly targeting US tech shares. The S&P 500 and long-dated Treasuries are outperforming global markets amid economic and political uncertainties.
Sensex, Nifty hit fresh lifetime highs on positive global cues after Fed outcome, US inflation print
Sensex and Nifty50 opened at a record high on Thursday following gains, driven by global stocks and a favorable U.S. inflation report.
Big tech is driving the S&P rally. The rest have to step up soon
Tech stocks face diverging performances as Nvidia leads the pack, while Apple struggles, causing a profit cool down and an emerging asymmetry among Big Tech stocks, affecting the overall earnings potential in 2024.
Affle India is this week's top stock; why analysts are bullish
The management aims for over 20% revenue growth in 2024-25 and is optimistic about better pricing and margin improvement. Analysts expect the near-term pressure from developed markets to subside in the current financial year. Should you invest in Affle India?
IT companies go startups way, appoint chief growth officers
Facing a cautious market and clients tightening their purse strings, IT companies are adopting a strategy from startups and web commerce: creating a new C-suite role – the chief growth officer (CGO).
Ixigo IPO opens tomorrow. What GMP signals ahead of subscription?
Before its initial public offering (IPO) set to open for subscription on Monday, Le Travenues Technology, the company behind the travel platform Ixigo, is seeing its shares trade at a premium of Rs 25 in the unlisted market.
Sensex climbs 300 points ahead of RBI MPC decision, Nifty above 22,900
The domestic benchmark equity indices, Nifty50 and Sensex, started the day with gains on Friday, as investors anticipated the Reserve Bank of India's policy meeting. It is widely anticipated that the RBI will maintain interest rates unchanged during the meeting.
European stocks at record on tech and ECB bets
The pan-European STOXX 600 benchmark rose by 0.7%, with the technology subindex surging 2.6%, driven by significant gains from Wall Street's tech giants.
Marketing firm Maino.ai raises $1.8 million in funding led by India Quotient
A substantial portion of the funds will be allocated to building and scaling teams in key domains such as technology, product development, design, and strategy, said Rishabh Kumar, one of the three cofounders of Maino.ai.
Tribunal rules $17 billion UK adtech lawsuit against Google can go ahead
The lawsuit, which seeks damages on behalf of publishers of websites and apps based in the United Kingdom, is the latest case to focus on the search giant's business practices.
Sanjiv Bhasin's top stock picks post yesterday's market bloodbath
I think that is a very healthy correction which has taken place. You have seen the comeback of FMCG. We think insurance, IT, these will be the better place. But this market is a retail-driven market and the retail investor is very sanguine. He is not eitherly optimistic or pessimistic. He will take this with a pinch of salt that we are in a market which is going to be more driven on macro and micro. Oil is at a three-month low.
CLSA tweaks India portfolio, fears de-rating in expensive capex stocks
CLSA adjusts India portfolio post BJP's election setback, favoring defensive stance with HCL Tech replacing L&T. Overweight on banks, commodities, IT, insurance, and staples. Concerns over market valuation amid Nifty's 6% drop and historic high PE ratio.
Indian AI firms may face extra costs as EU’s AI Act kicks in
The European Union wrapped up approval of the world's first law governing AI development last week. This legislation takes a tiered approach, setting varying compliance timelines and regulations based on the potential risk each AI system poses. Generally applicable AI will have a year to comply, while high-risk systems get up to three years.
EU industry chief urges US to pass new tech rules, foster shared digital market
EU's industry chief calls for new tech regulations for global digital market. Leading in tech regulation with DMA and AI Act. U.S. facing antitrust lawsuit against Apple by Department of Justice.
Aditya Birla Group crosses $100 billion market capitalization milestone
The group has seen a surge of 11.42% this year. Vodafone Idea's successful Rs 18,000-crore FPO single-handedly effected a re-rating of the group stocks. The conglomerate’s market capitalisation rise has outrun Sensex, Nifty on a year-to-date basis.
Back-to-school season spurs surge in retail and e-commerce sales
As students gear up for the new academic year, retailers and stationery companies prepare for a surge in demand during the April to June peak back-to-school shopping period. This significantly boosts sales for brands like ITC and DOMS, laptop manufacturers such as Dell, Lenovo, and Samsung, and retailers like Reliance Retail's Smart Bazaar stores, with sales increasing fivefold according to industry experts.
Google fights $17 billion UK lawsuit over adtech practices
The lawsuit seeks damages of up to 13.6 billion pounds ($16.9 billion) on behalf of publishers of websites and apps based in the United Kingdom, who say they have suffered losses due to Google's allegedly anticompetitive behaviour.
Tensions rise in Silicon Valley over sales of startup stocks
Tensions over the shadowy and often enigmatic market of private company stocks have reached a boiling point, just as the buying and selling of such shares has grown bigger than ever. At its center is an age-old debate: Should everyone have access to the riches and risks of investing in Silicon Valley startups?
India emerged as the most preferred market for tech giants: Apple CEO Tim Cook
India's tech importance rises with Apple's holistic approach, boosting revenue and market focus. Tim Cook praises India's talent pool and supply chains, emphasizing the significance of Indian production for global competitiveness.
Tech platforms make pitch for ad deals as TikTok is roiled by politics
TikTok is expected to generate $8.66 billion in U.S. ad revenue this year according to an estimate from research firm Emarketer. While it is a fraction of the size of Google and Meta, TikTok kicked off the short-form video craze and prompted rivals to build similar features.
Amazon loses court fight to suspend EU tech rules' ad clause
Under the Digital Services Act (DSA) which kicked in last year, Amazon was designated as a very large online platform subject to tough rules to tackle illegal and harmful content on its platform.
Load More
