CHECK POINT SOFTWARE TECHNOLOGIES
Mid and small IT companies showed sustained improvement in revenue, profit share in March ’24 quarter
Small and medium sized IT companies continued to show year-on-year improvement in the share of aggregate revenue and profit of the sector in the March 2024 quarter though the extent of improvement has tapered down implying resilience from the top tier companies.
IT stocks: A comeback which just needs a bit more confirmation; 7 stocks with an upside potential of up to 23%
Just before the expiry of the June series contract, bulls were seen in a segment of the market which has been long ignored by them — IT stocks. Because the upward movement was taking place at the end of expiry, one could not rule out the element of short covering. If one looks a bit deeper in the trend in IT stocks, two things have become clear. That while the news and opinion has been negative, the price action has not been so bad as has been painted. Now let's look at what happened in the IT sector and why there could be a case for contrarian buying. Yes, the sector has some headwinds which not many had thought would appear two years back. But the bigger question is whether this phase of underperformance is about to get over or not. It might be time to shed the bias of negativity around large IT players.
LinkedIn cofounder's background-checking startup KarmaCheck raises $45 million
The San Francisco-based company said on Thursday that it will use the funds to accelerate the development of its technology and "expand into new industry verticals."
US proposes plan to scrap additional security checks for Indians at transit points
US and India collaborate to enhance aviation safety through streamlined security processes, improved passenger flow, and ongoing information exchange. The one-stop security concept offers benefits like enhanced safety, reduced costs, and shorter connection times, emphasizing proactive risk mitigation and continuous safety improvements.
IT service exports should start diversifying in AI, cloud computing and data analytics, say industry players
As the IT service exports come out unscathed amidst a turbulent period for the world, industry players believe it’s time the service portfolio spread out.
Fancy a career in gaming? Check out the in-demand roles, skills and more
Video games have evolved from mere leisure activities to lucrative career options, driven by technological advancements and increased accessibility. The industry demands skilled professionals like developers, designers, and testers. Various courses and certifications cater to these roles, enhancing employability. Essential skills include proficiency in game engines, programming languages, and soft skills like creativity and communication.
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Why AI's future is Indian: SenseAI survey shows how India is at a turning point
One of the key revelations is that SaaS has emerged as the dominant business model among the startups in a survey, indicating a growing preference for cloud-based AI solutions.
India may lead the charge in global AI landscape: GitHub CEO
According to GitHub CEO Thomas Dohmke, India has the potential to surge to the forefront of the global AI landscape, driven by its rapidly expanding community of software developers. By 2027, this community is projected to surpass the United States as the world's largest, aligning with the transformative era of AI. Currently, India boasts 15.4 million active developers on the Microsoft-owned platform, marking a substantial 33% year-on-year growth.
Smallcaps: Don't be afraid of narrative against them, but surely check critical points: 5 stock from different sectors for long-term investors
Soon after election results, there was and probably still there is chatter on the street that small caps are not going to see the same kind of performance as they have seen in the last two years. Can anyone argue against a broad based statement ? Probably, No. But then expecting a small cap rally all the time is also incorrect. There are more than 2000 small caps stocks, a handful are actually worth looking at and even fewer worth having in a portfolio. If one is able to get the right of the small cap stock then the returns are extremely high, but at the same time, risk of getting it wrong and capital erosion is ever present. At times when one cannot rule our phases of volatility, for investors looking for small caps, some rules need to be followed to avoid wrong decisions of buying in haste or selling in panic.
Smooth flying: India plans to simplify immigration checks for international trips
The Indian government aims to develop airports as transit hubs for South Asia, incorporating a strategy called the confluence of flights. This allows travelers on connecting flights under the same ticket number, or PNR, to complete customs and immigration checks at their initial departure point and final destination, bypassing intermediary checks during layovers.
Sinking profits bring reality check to AI-driven rally in emerging market stocks
Unilever Plc’s Indian unit reported a 5.5% drop in net income for the first quarter, missing analyst estimates. Behind the decline was sluggish rural demand combined with high net-worth urban consumers pivoting to other brands. Similar trends can be seen elsewhere, with Chilean retailer Cencosud SA, restaurant chain operator Yum China Holdings Inc. and Swiss-South African jeweler Compagnie Financiere Richemont SA all delivering weaker-than-expected results.
Why imports from China are rising despite atmanirbhar Bharat initiatives
Imports from China is something India should monitor. But in some ways, this might be the way for the country to become a self-reliant economy.
Google cuts mystery check to US in bid to sidestep jury trial
Google disclosed the payment, but not the amount, in a court filing last week that said the case should be heard and decided by a judge directly. Without a monetary damages claim, Google argued, the government has no right to a jury trial.
Talent demand in EV segment drives in new roles and contract hiring
The electric vehicle (EV) industry is booming, creating a demand for diverse skills and expertise. Opportunities span technical, leadership, and operational roles. Contract staffing is playing a crucial role in meeting the industry's needs, with a focus on talent development and agile solutions. Leaders face challenges in talent acquisition and navigating industry dynamics amidst rapid advancements.
AI-led tech craze leaves mega Indian software stocks in the dust
Unlike counterparts in the developed world and China, Indian software makers including leader Tata Consultancy Services have yet to make significant advances in generative AI. That combined with a still cloudy outlook for client spending may soon leave them looking like the tech bets of yesterday.
Change your ATM pin if you have used something like this?
Cyber attacks in India have surged by 33% in the first quarter of 2024, making it one of the most targeted countries globally. Experts attribute this rise to the use of weak PINs, with common patterns such as "1234" and "1111" being among the most used. Cybersecurity experts advise using strong, unique PINs and password managers to protect sensitive information from hackers.
Google I/O 2024: What to expect? Check where and when to watch the livestream
Google I/O 2024 is set to begin this year on Tuesday in Mountain View, California. The event promises a deep dive into Google's latest innovations, focusing on software updates, AI advancements, and more. The keynote, led by Sundar Pichai, will start at 10 AM Pacific Time (10:30 PM India Time) and will be live-streamed on Google's official YouTube channel. Expect insights into Android's future, updates on generative AI like Gemini AI, and potential teasers of upcoming Google hardware.
PE fund Apax to step up India play with new team
The Apax strategy is more pivoted toward control deals, given its focus on being able to have a seat on the table to drive changes. It is, however, open to partnering with quality founders and management teams in minority settings "where there's a meeting of minds," Haldea said.
US eyes curbs on China's access to AI software behind apps like ChatGPT
Biden admin plans to regulate AI models export to China. Commerce Dept may use computing power threshold. Concerns about AI's role in bioweapons, cyber attacks. Challenges in defining export criteria.
'Livestream' shopping thwarts some high-tech tools to stop fake merch
Livestream shopping in the U.S. faces challenges with counterfeit goods influx. Technology by platforms like TikTok and Amazon aims to combat fakes, yet copyright violations persist in live videos. Patent lawyers emphasize the need for improved detection methods.
Finelistings Technologies IPO opens today: Check issue size, price band, GMP and other details
Finelistings Technologies IPO: Finelistings Technologies opens SME IPO to raise Rs 13.5 crore. 11 lakh shares at Rs 123 each. Lead manager: Fedex Securities. Registrar: Skyline Financial Services. Retail investors get 50% reservation. Shares may list on May 14.
KPIT posts strong FY24 numbers, to add new verticals and expand in Asia
KPIT Technologies shows robust financial performance with significant revenue and profit growth. The company focuses on consistent growth, expanding into new segments, and geographical diversification for future success.
Talent AI-volution: Can AI adoption dent India's tech edge?
India is the tech powerhouse of the world, known for its engineering prowess. But can the widespread adoption of AI, which will lead to significant automation, dent India’s talent edge? Annapurna Roy and Beena Parmar report.
Stay bullish, just change the perspective to long term: 5 mid-cap stocks with upside potential of up to 31%
As the market faces headwinds, questions are bound to be raised about whether the mid-cap segment would see a sharp correction or not. As of now it appears that things are far better both in terms of market breadth and the way the stocks have been able to see a recovery in a short span of time. But the best way to navigate such market conditions would be to do two things, first stay with mid-cap stock with some track record in terms of fundamentals and give return to shareholders. Second, once you pick the stock, stay with it long term and dont sell in hurry due to any narrative which some global development might bring on the table.
EV not a fad but a structural change in auto industry: Ravi Pandit, KPIT Technologies
I believe both these present extraordinary opportunities for not only growth for auto industry and technology companies like us, but I think it promises a very-very good future for a country like India because it can bring in energy security, it can bring in better air and all that. So, we are really very-very excited about this shift.
American Airlines is raising bag fees and changing how customers earn frequent-flyer points
American Airlines is increasing bag fees and encouraging customers to buy tickets directly to earn frequent-flyer points. Bag fees will be $35 online and $40 at the airport. Customers with elite status, premium-class tickets, or an American-branded credit card may get a free checked bag.
Cybersecurity firm Check Point reports an increase in wiper-ware attacks amid geopolitical uncertainty
Israeli cybersecurity firm, Check Point Software Technologies, has warned companies of an increase in wiper-ware attacks, which aim to annihilate data and digital systems during geopolitical conflicts. These attacks, unlike ransomware attacks, are not motivated by financial gain but rather by the desire to cripple military and civilian infrastructure. The use of wiper-ware has increased in recent years due to major conflicts, such as the Israeli-Hamas war and the Russia-Ukraine conflict.
Top cop to head Karnataka fact-checking unit
For the Karnataka fact-check unit, five firms have been shortlisted - Gauri Media, Logically Infomedia, Trylika Technology, Newsplus Communications, and OW Data Leads. Senior IPS officer Pronab Mohanty, who is currently the additional director general of police (ADGP), cyber economics and narcotics (CEN), criminal investigation department will oversee the fact-checking unit.
What is the difference between IPOs and NFOs? What should be the key points to check?
Vivek Karwa says: “In a bull market, you tend to make money, but in bad markets, you tend to lose money also. So please always compare. NFOs are much safer. The fund manager takes care of the valuations, what he is investing, which company he is investing in. He has a research team. And hence, you are much more safeguarded.”
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