S4S TECHNOLOGIES
Is India's youth workforce equipped for the tech job boom?
India's growth in 5G, electronics fabrication, telecom, and EV industries drives new job opportunities requiring AI, Big Data, IoT, and sustainability skills. The renewable sector's expansion highlights the need for continuous learning. Collaborative training, adaptability, and problem-solving are essential to prepare the youth for an evolving job market.
HCL Tech shares surge 4% on Q1 profit beat. Time to hold or buy?
HCL Technologies reports a 20% YoY growth in net profit, reaching Rs 4,257 crore for the quarter ended June 2024. Brokerages maintain positive views on the stock with target prices ranging from Rs 1,720 to Rs 1,850.
With 4 mn users, Digi Yatra will be expanded to 15 new airports
Initially, Digi Yatra was started in three cities in Delhi, Bengaluru, and Varanasi, later it expanded its footprint across major airports in the country, including Mumbai, Hyderabad, Pune and Kolkata.
Circuit House Technologies raises $4.3 million in funding round led by Stellaris, 3one4 Capital
Varun Alagh of Mamaearth and Tracxn’s Abhishek Goyal also participated in the funding for the consumer electronics maker, which was started by Xiaomi India chief business officer Raghu Reddy.
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Sebi framework for finfluencers; Nazara's Freaks4U deal
The Security and Exchange Board of India (Sebi) has approved a regulatory framework for financial influencers. This and more today’s ETtech Top 5.
IT union seeks probe on DXC Technology's 4,800 campus onboarding delays
Data from the IT employee union NITES showed that India’s leading IT firms including Tata Consultancy Services (TCS), Infosys, Wipro and LTIMindtree have delayed joining dates of than 10,000 freshers. Harpreet Singh Saluja, president at NITES said these young professionals well-being and careers are at risk, we have asked the ministry to act as soon as possible.
Baidu launches upgraded AI model, says user base hits 300 million
The new model will be accessible to the public via web and mobile app interfaces, with developers able to integrate the technology through Baidu's Qianfan AI platform, the company's Chief Technology Officer Wang Haifeng said at a corporate event.
Nodwin Gaming acquires Germany's Freaks 4U Gaming for Rs 271 crore
Nodwin Gaming expanded its portfolio through acquisitions like Branded and Ninja Global. Collaborating with Freaks 4U Gaming on projects like the PUBG Mobile Global Open, the company aims for further growth in the esports and gaming marketing industry.
These 4 stocks showing RSI Trending down on June 14
On June 14, four stocks from the Nifty200 pack appeared in the RSI Trending down scan, according to the stockedge.com data. It is an uptrend signal if the RSI value has crossed below 50 from above. "RSI trending down" means that the Relative Strength Index (RSI) values are decreasing, suggesting a weakening momentum in the price of the price. This can indicate potential downward movement and may be used by traders to identify selling or bearish opportunities.
Sales of listed private non-financial cos register 6.9 pc growth in Q4 of FY24
Sales of listed private non-financial companies registered a growth of 6.9 per cent in the fourth quarter of 2023-24 compared to a 5.5 per cent rise in the previous quarter, according to the Reserve Bank data released on Thursday. The sales growth of these companies was 8 per cent in the January-March quarter of 2022-23.
PropTech investment reaches $4.6 billion since last decade
PropTech firms have seen a significant growth in investment since FY 2011, with a total of $4.6 billion in the last 14 years. This growth is attributed to the transformative impact of technology on the real estate industry, driving efficiency and innovation. Despite global economic uncertainties, PropTech firms' funding experienced a marginal dip in FY 2024, with investments totaling $657 million, down from $683 million in FY 2023. The shared economy and construction technology segments have emerged as leaders in the PropTech space, with 55% and 23% of the overall private investments in FY 2024, respectively.
DoT to undertake MSME survey to push industry 4.0 applications
The Department of Telecommunications (DoT) plans a 60-day survey of MSMEs to aid their adoption of 5G and 6G technologies. The survey aims to understand the challenges MSMEs face in adapting to Industry 4.0 technologies, targeting at least 10 sectors to foster innovation. Proposals are due by June 11, 2024.
OpenAI says it has begun training a new flagship AI model
The San Francisco startup, which is one of the world's leading AI companies, said in a blog post that it expected the new model to bring "the next level of capabilities" as it strove to build "artificial general intelligence," or AGI, a machine that can do anything the human brain can do.
HCLTech infuses GenAI into MRO solution to drive enterprises' asset utilisation
HCL Technologies enhances its MRO solution with GenAI capabilities, optimizing asset utilization and streamlining maintenance processes in SAP S/4HANA with a comprehensive natural language inspection and repair findings report.
Nazara Technologies reports 43% increase in profit after tax at Rs 17 crore in Q4
Nazara Technologies reported a 43% increase in profit after tax to Rs 17 crore for Q4 FY24. Operating revenue for March fell 8% to Rs 266 crore. FY24 PAT from operations grew to Rs 89 crore. Founder Nitish Mittersain is optimistic about accelerated growth in revenue and EBITDA in FY25.
Kaynes Technologies shares soar 40% in three days after Q4 results exceed Street expectations. Is it time to buy or sell
Kaynes Technologies' shares have surged over 40% in the past three trading sessions on the BSE following the company's robust performance in the January-March quarter. Today, the stock saw a further spike of 12%, reaching a 52-week high of Rs 3,638.4. In Q4 FY24, Kaynes Tech reported a significant increase in consolidated net profit, soaring by 96.8% year-on-year (YoY) to Rs 813 crore.
Dixon Technologies Q4 Results: Net profit rises 20% YoY to Rs 97 crore
The electronics manufacturer has over two dozen production facilities across the country. Dixon makes smartphones and feature phones for brands such as Xiaomi, Motorola, Samsung and Jio, and is in talks with other global brands for more manufacturing orders.
Dixon Technologies Q4 results: PAT rises 20% YoY at Rs 97 crore; revenue jumps 52%
Electronic manufacturing service provider, Dixon Technologies on Wednesday announced a 20% year-on-year (YoY) rise in PAT at Rs 97 crore for the fourth quarter of FY24 while the revenues stood at Rs 4,675 crore, surging 52% YoY.
Waaree Renewable Technologies Q4 Results: PAT soars to Rs 54 crore
Earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at Rs 75.30 crore as compared to Rs 22.29 crore a year ago.
ISRO's breakthrough '3D-printed' rocket engine saves 97 pc raw materials, 60 pc production time
The new engine, now a single piece, saves 97 per cent of raw materials and reduces production time by 60 per cent, ISRO said. ISRO achieved the major milestone with the successful hot testing of a liquid rocket engine manufactured through AM technology for a duration of 665 seconds on May 9, a release from the space agency said.
Happiest Minds Tech Q4 Results: Profit jumps 25%, revenues up 10%
Happiest Minds Tech Q4 Results: For full year, the Bengaluru-headquartered firm’s profit rose 7.5% to Rs 248.39 crore from Rs 230.99 crore in FY23. Revenues increased 13.7% to Rs 1624.66 crore from Rs 1,429.29 crore last year.
Happiest Minds Tech Q4 profit jumps 25%, revenues up 10%
Happiest Minds executive chairman Ashok Soota said the company is on track for its longterm vision of $1 billion revenue in FY31, thanks to its new generative AI business unit and two successful acquisitions.
BSNL to launch 4G services across India in August; to use indigenous technology
State-owned BSNL will start rolling out 4G services across the country from August, using completely indigenous technology in line with the government's "Atmanirbhar" policy, according to official sources. BSNL officials claimed to have recorded peak speed of 40-45 megabit per second on the 4G network which has been rolled out in the premium spectrum band of 700 megahertz (Mhz) as well as in 2,100 Mhz band during the pilot phase.
Tata Technologies announces dividend of Rs 10.05 per share
The company on Friday reported a consolidated net profit of Rs 157.24 crore for the quarter ended March 31, down 27% YoY as against Rs 216.56 crore reported in the year-ago period.
Tata Technologies Q4 Results: Cons PAT falls 27% YoY to Rs 157 crore; dividend declared at Rs 10.05 per share
Tata Technologies Q4 Results: The company's board recommended a special dividend of Rs. 1.65 per equity share for the financial year ended March 31, 2024. The consolidated revenue from operations for the reported quarter stood at Rs 1,301.05 crore, lower by 7.22% on a YoY basis against Rs 1,402.39 crore reported in the year-ago period.
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