Samsung India is currently undertaking multiple initiatives to boost profit which declined three-fifths in the past two fiscals due to the price war it entered with Chinese companies like Xiaomi, OnePlus, Oppo and Realme in smartphones and televisions. In FY19, Samsung Indias net profit was Rs 1,540 crore, down from its recent peak of Rs 4,156 crore in FY17.
ByteDance's global monetisation team had flown down last month for meetings with key Indian creators and influencers on the app, as well as digital agencies and marketers, sources said. During the meetings, the executives sought information on payment mechanisms for influencers here, and what brands need from the app and their concerns.
Karnataka Chief Minister BS Yediyurappa who is attending the WEF meet at Davos made the announcement regarding a Centre for Internet of Ethical Things at the opening of the Karnataka Pavilion in the presence of WEF managing director Morat Sonmez. Industries Minister Jagadish Shettar, and Chief Secretary T. M. Vijaybhasker were present on the occasion.
A hacker has leaked usernames and passwords of over five lakh servers, routers and Internet of Things (IoT) devices on the Dark Web. Attackers could use those credentials to gain remote access to the affected devices, like we have seen recently in some home cameras and devices, including Amazon-owned Ring security cameras.
The estimated sales of the smartphone ecosystem are fast rivaling the devices themselves. Deloitte Insights predicts that in the coming days, the smartphone economy will be driven by the smartphone multiplier. Heres a snapshot.
The South Korean company is investing more than Rs 3,500 crore in this facility in Noida, as per a regulatory filing with the Registrar of Companies (RoC). It could later be expanded to manufacture displays of other devices as well.
Xiaomi India's Managing Director Manu Kumar Jain would play a key role in deciding the Chinese electronic company's entry into newer global markets and product categories, while Chief Operating Officer Muralikrishnan B will helm the offline expansion.
Facebook was sued by four potential competitors who accuse it of anticompetitive behaviour and who asked a judge to order chief executive officer Mark Zuckerberg to give up control of the social media behemoth.
Twitter Chief executive Jack Dorsey had sought direct feedback from the Tesla CEO. Give us some direct feedback, said Dorsey, who spoke to Musk via a video call from a company meeting in Houston. Musk was projected onto a giant screen as thousands of Twitter employees watched the two executives chat.
Anupam Jindal, chief financial officer at Sterlite Technologies, said the company would continue to look at inorganic growth opportunities that allow it to expand its customer offerings or give it access to new customers.
Mid-tier IT services provider Mindtree has hired top talent from Genpact and Infosys and is looking to hire sales talent particularly in digital technology areas in the United States. Mindtree also brought in Vijay Ram as VP and head of technology & media in October who was previously Associate Vice President and Global Client Partner at Infosys.
In his first interview after being absolved of all charges of financial malfeasance made by anonymous whistleblowers, Parekh said Infosys has pivoted into a digital jetstream that is moving quite well. We need to keep executing on it. The company has hiked its growth forecast twice in this financial year.