MOHALLA TECH OPERATING COSTS

ETtech Unwrapped is packed with the most important stories that we covered this week. Here’s a quick recap.

This largely impacted the operating margin negatively. However, the worst is over, and there are green shoots in terms of demand as they have started executing well. The BFSI sector in North America is still under stress, but we expect demand to imp...

Indian data centre operators are racing to reduce the massive power consumption of AI infrastructure. As the country prepares to acquire 100,000 GPUs by 2024, concerns over sustainability and environmental impact are mounting.

Discover the top 64 GB pendrives, perfect for reliable storage and speedy data transfer. Our article reviews the best options, highlighting features like durability, design, read/write speeds, and price. Whether for work, school, or personal use, fi...

Whirlpool of India is implementing cost-cutting measures across various functions including logistics, infrastructure, and travel amidst a global forecast of soft demand for 2024 and rumors of a potential acquisition by Bosch Group. The company aims...

Shares of Le Travenues Technology, which operates online platforms such as Ixigo and Abhibus, surged 19% on Wednesday to reach a day's high of Rs 197.50 on the National Stock Exchange (NSE). Since its listing on Tuesday at an issue price of Rs 93, t...

Happy Thursday! While layoffs continue, startups are strategically refilling certain open positions with lower-salaried junior staff to cut costs. This in today’s ETtech Morning Dispatch.

Alphabet-owned Google is laying off at least 100 employees from several teams in its cloud unit, CNBC reported on Monday. Roles in sales, operations, engineering, consulting, and 'go to market' strategy were some of the positions cut.

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. Gene...

Cosmos Bank is aiming to increase spends on technology to up to 9 per cent of its operating expenses in 2024-25, from the present 7 per cent, a top company official said on Tuesday. The cooperative bank, which was impacted by a cyber attack in the r...

Welcome to another edition of ETtech Unwrapped – our weekend newsletter. This is Pranav Mukul in New Delhi. This week we’ve wrapped up another compelling quarterly earnings season for listed new-age companies from Zomato and Delhivery to Paytm and P...

GalaxEye CEO Suyash Singh said that the company tested its synthetic aperture radar (SAR) technology on a subscale high altitude pseudo-satellite (HAPS) developed by the National Aerospace Laboratories (NAL).

Workers at the U.S. retail giant's smaller offices in Dallas, Atlanta and Toronto are being asked to move to other central hubs such as Walmart's corporate base in Bentonville, Arkansas, as well as Hoboken, New Jersey, or Sunnyvale, California, the ...

It can be noted that HDFC Bank was the first major lender to be slapped with business restrictions like a pause on issuing new credit cards and also launching new online products over two years ago.

Banks were earlier spending between 6%-8% of total operating expenditure on technology, sharply below the global average of 10%-12%.

Google laid off 200 core team employees to cut costs. These core teams build Google's main products and keep users safe online. The company is moving some of these jobs to India and Mexico. This follows earlier layoffs in 2023 as Google restructures...

CNH Industrial harnesses Indian talent at the India Technology Centre for global technology development, emphasizing innovation and regional customization of products for specific needs like cotton plantations and orchards.

Alphabet-owned Google is undergoing a restructuring, with layoffs and expansion plans in key hubs like India, Chicago, Atlanta, and Dublin. Concerns are being raised about further job cuts amid economic uncertainties as Google seeks to enhance effic...

Telecom operators in India have criticized large traffic generators (LTGs) for refusing to pay their fair share for using telecom networks, arguing it would hurt startups and small businesses. The Cellular Operators Association of India (COAI) direc...