Google fights $17 bln UK lawsuit over adtech practices Google parent Alphabet has urged a London tribunal to block a mass lawsuit which accuses it of abusing its dominance in the online advertising market, in the latest case to focus on the search giant's business 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 beh

Salasar Techno Engineering Concludes Acquisition of EMC for Rs 178 Crore Salasar Techno Engineering Ltd (STEL) on Wednesday said it has paid Rs 168 crore as balance payment to complete the acquisition of EMC Ltd through an insolvency process. The total acquisition cost of the engineering, procurement and manufacturing (EPC) firm is Rs 178 crore, STEL said in a statement. ''Salasar successfully concludes the payment of Rs 168 crore for acquisition of EMC Ltd. In March, Salasar bought EMC through

Modi's Leadership Propels India's Global Stature: Tech Executive Prime Minister Narendra Modi is doing a phenomenal job in making India rise again and make a mark on the global stage, a Silicon Valley-based tech entrepreneur has said. Objectively speaking, when you look at the sentiment in India or the sentiment globally about India, the only observation you have is that Mr Modi is doing a phenomenal job of making India rise again on the world stage, Sandeep Bhatt, the co-founder of Devicethread

India's MEDTECH industry holds potential with projections estimating growth rate of 28% annually: Dr Arunish Chawla Secretary, Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers Dr Arunish Chawla, launched the MEDITECH STACKATHON 2024 in collaboration with CII in New Delhi today. The MEDITECH STACKATHON is a groundbreaking initiative designed to catalyze transformative change within India's burgeoning MedTech sector by undertaking a comprehensive value chain analysis of select

FOCUS-Livestream shopping thwarts some high-tech tools to stop fake merch Livestream shopping where buyers and sellers transact in real-time video is growing in the United States while technology to police counterfeit goods has so far not kept up, a situation that makes it easier for fake goods to flood the market, patent lawyers said. Livestream shopping has been popularized by e-commerce sites like Alibaba.com and TikTok's sister company Douyin after dominating the retail scene in China. In th

Happiest Minds Tech Q4 profit rises 25% to Rs 72 crore IT firm Happiest Minds Technologies has reported a 24.83 per cent increase in consolidated net profit at Rs 71.98 crore for the quarter ended March 2024. The company clocked a profit of Rs 57.66 crore in the year-ago period, according to a regulatory filing on Monday. Revenue from operations for the reporting quarter stood at Rs 417.29 crore, as against Rs 377.98 crore in Q4FY23, translating into a 10.4 per cent rise. Annual profits saw a 7.

Australia will trial age assurance tech to bar children from online porn. What is it and will it work? Joondalup (Aus), May 3 (The Conversation) Responding to a resurgence in gender-based violence and deaths in Australia, the National Cabinet has committed almost AUSD 1 billion to a range of strategies. Tackling online harms was among the new commitments, including the introduction of a pilot programme to explore the use of age-checking technologies to restrict childrens access to inappropriate

Ajooni Biotech Receives Upgraded Credit Rating & Right Issue Details PNN Punjab [India], May 3: Ajooni Biotech Limited is thrilled to share that CRISIL Limited has raised company's long-term credit facilities ratings to CRISIL BB+/ Stable. This upgrade underscores company's ongoing efforts to improve risk profile, revenue streams, and operational profitability. It highlights the significant expertise of company's promoters, strong customer partnerships, and favourable financial risk position. Al

Advatix CloudSuite Earns Top Spot as RetailTech Breakthrough's Global Innovation of the Year in Smart Warehousing RetailTech Breakthrough, a prestigious program that honors excellence and innovation in the retail technology sector, has named Advatix Cloudsuite as the Smart Warehousing Innovation of the Year. This recognizes Advatix as a leader in Retail Digital Transformation. The selection was a result of thorough research and scoring by a panel of industry experts. ''With thousands of nominati

GLOBAL MARKETS-Asian stocks surge on tech boost; yen extends gains to cap wild week Asian stocks rallied on Friday after Apple's record $110 billion share buyback plan lifted the tech sector, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected interventions from Tokyo. With markets in Japan and mainland China closed on Friday, regional trading activity is likely to be subdued as traders look ahead to the U.S. nonfarm payrolls data later in the day

Bharat Biotech Prioritizes Safety in the Development of Covaxin Bharat Biotech on Thursday asserted that its Covid-19 vaccine Covaxin is safe and devoid of any side-effects amid AstraZeneca's admission that Covishield could cause complications in rare cases. In a statement, the company stated that Covaxin was developed with a single-minded focus on safety first, followed by efficacy. The vaccine was evaluated in more than 27,000 subjects as part of its licensure process, Bharat Biotech stated. I

Ugro Capital to Acquire Fintech Company MyShubhLife for INR 45 Crores Non-banking company Ugro Capital on Thursday said its board has approved the acquisition of financial services platform MyShubhLife for an enterprise value of Rs 45 crore in a cash and equity deal. The board also approved raising equity capital of Rs 1,322 crore through Compulsory Convertible Debentures (CCD) and warrants. The equity fundraise is subject to shareholder approval. This capital raise received strong commitment fr

International Day of Yoga becomes global platform to raise awareness: Vaidya Rajesh Kotecha Surat was infused with the bliss of Yoga during the 'Yoga Mahotsav,' a grand celebration leading up to the International Day of Yoga-2024. Held at the Police Parade Ground in Athwalines, this event, drew a massive crowd. Above seven thousands of eager participants came together for this gala affair, immersing themselves in the practice of the Common Yoga Protocol (CYP) from 7.00 AM on May 02, 2024. Their

L&T Technology Services Wins Multi-Million Euro Deal with Forvia L&T Technology Services (LTTS) on Thursday said it has entered into a partnership worth 45 million euros with French automobile company Forvia ''for the benefit of clean mobility divisions'' of the two firms. The five-year partnership, which is valued at approximately 45 million euros, will deliver engineering services for Forvia, LTTS said in a statement. Under the agreement, about 300 engineers from Forvia's Augsburg (Germany) an

Stride Ventures Finalizes $165 Million Fund III to Fuel Growth of Early-Stage Technology Companies Venture debt firm Stride Ventures has raised USD 165 million (about Rs 1,380 crore) for its Fund III, which it plans to invest in Indian startups within a year, the company said on Wednesday. The third fund has garnered strong support from a diverse mix of investors, including insurance companies, family offices, corporate treasuries and high net-worth individuals (HNI), it said in a statement. ''S

Agrifoodtech Startup Funding Plummets 60% to USD 940 Million in 2023 Funding in Indian agri-food technology (agrifoodtech) startups declined 60 per cent annually to USD 940 million last year due to smaller deal sizes and lower valuation, according to AgFunder and Omnivore report released on Tuesday. ''In 2023, Indian agrifoodtech startups raised $940 million across 129 deals, down 60 per cent from 2022. The number of deals remained almost flat with 129 closing in 2023 compared to 133 deals in 20

Navy Chief: Intensified Focus on Technology Adoption and National Significance in Indian Navy's Future Endeavors Will strengthen efforts of Indian Navy towards introducing new tech, becoming important pillar of national development: Navy Chief.

Inspiring Innovation and Driving Entrepreneurship: MIT Art, Design and Technology University's Mentor-Mentee Connection The Faculty Development Programme (FDP) on Innovation and Entrepreneurship, hosted by the esteemed Institution's Innovation Council at MIT Art, Design & Technology University, Pune, concluded yesterday, April 26, 2024. The event was proudly organized under the esteemed patronage of the Ministry of Education's Innovation Cell, AICTE, Govt. of India, New Delhi. The FDP, a pioneer

HCL Tech Shares Plunge Almost 6% Post March-Quarter Earnings, Losing Rs 23,120 Crore in Market Cap Shares of HCL Technologies on Monday tanked nearly 6 per cent after the company reported a flat year-on-year growth in net profit in the March quarter at Rs 3,986 crore. The stock declined 5.79 per cent to finish at Rs 1,387.10 on the BSE. During the day, it plunged 6.19 per cent to Rs 1,381.15. On the NSE, it tanked 5.80 per cent to Rs 1,388.30. The stock emerged as the biggest laggard among the B

Tulip Infratech Relaxes Rs 300 Crores from Sale of 50 Luxe Homes in Gurugram Realty firm Tulip Infratech has sold apartments worth more than Rs 300 crore in the first day of the launch of its second phase of luxury residential project in Gurugram on strong demand. In 2022, Tulip Infratech had announced investments of Rs 5,500 crore over the next eight years to develop a premium mixed-use project Tulip Monsella in Gurugram comprising 1,100 flats. It will also build 250 units for economically weak

HCL Tech Stocks Witness Significant Decline Post Q4 Earnings Release Shares of HCL Technologies on Monday tanked over 6 per cent after the company reported a flat year-on-year growth in net profit in the March quarter at Rs 3,986 crore. The stock declined 6.10 per cent to Rs 1,382.45 on the BSE. On the NSE, it tanked 6.22 per cent to Rs 1,382.10. The stock emerged as the biggest laggard among the BSE Sensex and NSE Nifty firms. The company posted an 8.4 per cent decline in net profit on a sequen

Oister Global Unveils Substantial Fund for Growth-Oriented Technology Ventures Investment firm Oister Global on Monday announced a Rs 440-crore fund that aims to fuel emerging technology-led innovations and various sunrise sectors in the country. The Oister India Pinnacle Fund (OIPF) seeks to back both established consumption-driven sectors and emerging technology-led innovative sectors, a company statement said. ''Oister's Rs 440-crore fund (including Rs 190-crore greenshoe option) targets inve

Tech Industry Veteran Establishes AI Venture with Promising Investment of up to Rs 80 Crore Former Tech Mahindra India business head Jagdish Mitra has set up an AI startup with a proposed initial investment of Rs 65-80 crore. The startup is likely to commence operations in the next three months. ''We will start going to customers in 8-12 months. Initially, we will invest USD 8-10 million,'' Mitra -- one of the contenders for the post of Tech Mahindra CEO position after CP Gurnani resigned -- tol

Tech veteran exits Tech M India to establish AI-driven venture with initial funding of Rs 80 crore Former Tech Mahindra India business head Jagdish Mitra has set up an AI startup with a proposed initial investment of Rs 65-80 crore. The startup is likely to commence operations in the next three months. ''We will start going to customers in 8-12 months. Initially, we will invest USD 8-10 million,'' Mitra -- one of the contenders for the post of Tech Mahindra CEO position after CP Gurnani resigned

Elon Musk visits China as Tesla seeks self-driving technology rollout Tesla CEO Elon Musk arrived in Beijing on Sunday for a surprise visit, where he is expected to meet senior officials to discuss the rollout of Full Self-Driving software and permission to transfer data overseas, according to a person with knowledge of the matter. The U.S. electric vehicle maker rolled out FSD, the most autonomous version of its Autopilot software, four years ago but has yet to make it available in China despit

Macrotech Developers eyes Rs 5,000 cr capex in FY25 for realty projects: Abhishek Lodha Realty firm Macrotech Developers will step up its investment this fiscal year on construction of projects to over Rs 5,000 crore in line with growth in sales and new supply, its MD and CEO Abhishek Lodha said. Macrotech Developers, which sells properties under the Lodha brand, is targeting to deliver more than 10,000 apartments during 2024-25, he said. In an interview with PTI, Lodha highlighted that the comp

IndiGo Aircraft Forced to Return to Delhi Airport Mid-Flight Due to Technical Issue An IndiGo aircraft enroute to Ahmedabad returned to the national capital on Saturday afternoon due to an issue with the landing gear, according to a source. The plane, operating the flight 6E 129, landed safely at the Delhi airport at around 1440 hours. There were around 170 people onboard, the source said. The source said the plane had to return due to landing gear issue and that an emergency was declared for th

A reiteration of India's progress: Bharat Biotech co-founder on VP Dhankhar's visit to pharma major Expressing her delight at Vice President Jagdeep Dhankhar's visit to Bharat Biotech on Friday, the managing director and co-founder of the pharma major, Suchitra Ella said it marked as a eiteration of the work and journey that we have taken forward over the last 27-28 years since the firm was founded in Hyderabad. Speakig to ANI on Friday, Ella said, It has been a very special day at Bharat Biote

GLOBAL MARKETS-Global stocks gain on Big Tech lift; yen slides to 34-year low Global stocks were higher on Friday as Big Tech gains lifted Wall Street shares, while Japan's yen sank to a 34-year low after the Bank of Japan (BOJ) kept monetary policy loose. MSCI's gauge of stocks across the globe rose 6.80 points, or 0.90%, to 762.39 on tech sector optimism following robust results from Alphabet and Microsoft. U.S. data also boosted sentiment, with the consumption expenditures (PCE) price index u

Science News Roundup: China's version of Neuralink unveiled at tech forum; Scottish spaceport moves closer to satellite launches and more Following is a summary of current science news briefs. China's version of Neuralink unveiled at tech forum A Chinese state-backed company on Thursday unveiled a brain chip similar to the technology developed by Elon Musk's startup Neuralink. The company, Beijing Xinzhida Neurotechnology, developed a brain-computer interface (BCI) implant, called Neucyber, that

US STOCKS-Wall Street shares close up as megacap tech stocks rally U.S. stocks closed higher on Friday, buoyed by a rally in megacap growth stocks following robust quarterly results from technology heavyweights Alphabet and Microsoft in addition to moderate inflation data. Investors cheered Alphabet's first-ever dividend, its $70 billion stock buyback program, and better-than-expected first-quarter results. Its shares jumped to a record high, lifting the Google-parent's market value above $2 tri

GLOBAL MARKETS-Global stocks gain on Big Tech lift; yen slides to fresh 34-yr low Global stocks were higher on Friday as Big Tech gains lifted Wall Street shares, while Japan's yen hit a fresh 34-year low after the Bank of Japan (BOJ) opted to keep monetary policy loose at its latest meeting. MSCI's gauge of stocks across the globe rose 7.37 points, or 0.98%, to 762.99 amid tech sector optimism following robust results from Alphabet and Microsoft. U.S. data also boosted sentiment, with the consu

US STOCKS-Wall Street shares lifted by rally in megacap tech stocks U.S. stocks rose on Friday, buoyed by a rally in megacap growth stocks following robust quarterly results from technology heavyweights Alphabet and Microsoft in addition to moderate inflation data. Investors cheered Alphabet's first-ever dividend, its $70 billion stock buyback program, and better-than-expected first-quarter results. Its shares jumped 10.4% to a record high, lifting the Google-parent's market value above $2 trill

The future belongs to Bharat - VP Dhankhar says at Bharat Biotech in Hyderabad The Vice-President, Shri Jagdeep Dhankhar today underscored the pivotal role of Research and Development (R&D) as the spinal strength of both economy and nation. Emphasizing the significance of innovation in medicine development, he asserted that R&D efforts transcend mere execution, embodying the highest form of contribution to humanity. Our pursuit to serve humanity by science and research should not be hampered by

GLOBAL MARKETS-Global stocks gain on Big Tech lift; yen swings to fresh 34-yr low Global stocks were higher on Friday as Big Tech gains lifted Wall Street shares, while Japan's yen hit a fresh 34-year low after the Bank of Japan (BOJ) opted to keep monetary policy loose at its latest meeting. MSCI's broad index of global stocks reversed earlier losses, rose 0.94% by 10:43 a.m. ET (1443 GMT) after U.S. shares opened to tech sector optimism following robust results from Alphabet and Microsoft. U.S

Vice President Jagdeep Dhankhar Concludes Visit to Bharat Biotech's Hyderabad Facility Vice President Jagdeep Dhankar on Friday visited Bharat Biotechs facilities at Genome Valley here, which include units for research and development and innovation as well as a large-scale manufacturing plant for vaccines. The Vice President was accompanied by Telangana Governor C P Radhakrishnan, a press release from the vaccine maker said. The Vice Presidents visit reaffirmed the vital contribution and role o

US STOCKS-Wall St set to open higher on tech boost, PCE data (For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * March PCE data in-line with estimates * Intel down after dour Q2 forecast * Futures up: Dow 0.20%, S&P 0.85%, Nasdaq 1.04% (Updated at 8:46 a.m. ET/1246 GMT) By Shristi Achar A and Shashwat Chauhan April 26 (Reuters) - Wall Street's main indexes were set for a higher open on Friday as robust quarterly results from Alphabet and Micr

Patenting in India: Deep-tech fuels surge, Tamil Nadu leads the way Intellectual Property (IP) rights, particularly patents, are gaining traction as innovation drives the economy, with a significant surge in patents filed in India led by the deep-tech sector, according to a recent study. It said that Tamil Nadu filed the maximum number of patents during FY23. Industry body Nasscom on Friday released the seventh edition of its annual 'Patenting Trends in India' study, highlighting approaches to f

EMERGING MARKETS-Stocks advance on tech cheer, Russia's rate decision on tap Russia's rouble hovered near one-month high against the dollar on Thursday ahead of a central bank decision where the Bank of Russia is expected to keep borrowing costs unchanged, while emerging market bourses tracked the rally in global stocks. The MSCI index for emerging market stocks climbed 1.0% by 0841 GMT, and was on track for its best weekly gains since July 2023. Heavyweight Hong Kong shares closed 2.1% higher,

Mynavi, Japanese staffing and HR tech firm, acquires majority stake in Awign Japan-based HR solutions provider Mynavi Corporation has acquired a majority stake in human resource tech platform Awign, a statement said on Friday. Under the new structure, Bengaluru-based Awign aims to generate USD 1 billion revenue by 2030. With this acquisition, few of Awign's early investors including Capria, Lumis, MSDF, Amicus Capital and Pankaj Bansal will exit the company, the statement by Awign said. ''Mynavi

Science News Roundup: China's version of Neuralink unveiled at tech forum; NASA chief asks nations to work together on climate change and more Following is a summary of current science news briefs. China's version of Neuralink unveiled at tech forum A Chinese state-backed company on Thursday unveiled a brain chip similar to the technology developed by Elon Musk's startup Neuralink. The company, Beijing Xinzhida Neurotechnology, developed a brain-computer interface (BCI) implant, called Neucyber,

Health News Roundup: GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology; Gilead posts quarterly loss, revenue rises 5% and more Following is a summary of current health news briefs. Regeneron to collaborate on gene editing therapies with Doudna-founded Mammoth Regeneron Pharmaceuticals and Mammoth Biosciences will collaborate to research, develop and commercialize gene editing therapies for multiple diseases, the companies said on Thursday. Mammoth's CRISPR-based gene edit

Indian nationals aboard 'MSC Aries' in good health, return delayed due to technicalities: MEA Nearly two weeks after an Israel-linked container vessel was seized by Iran's military, India on Thursday said there are certain ''technicalities involved'' in the return of the remaining 16 Indian crew members is concerned. Ann Tessa Joseph, the sole woman cadet among the 17 Indian crew members of the vessel ''MSC Aries'' that was seized on April 13, was released on April 18 following ''concerted effor

EU lawmakers back law to boost domestic clean tech production The European Parliament approved on Thursday a new law designed to ensure the bloc produces 40% of its renewable energy, fuel cell and other green technology needs within its borders, and to help Europe's industry compete with U.S. and Chinese rivals. EU lawmakers voted by 361 to 121 against, with 45 abstentions, for the Net Zero Industry Act. WHY IT'S IMPORTANT The act is a centrepiece of the EU's push to ensure it is not only a glob

Tech Investments, Training to Fuel Export Surge: CII Steps such as increasing investments in the latest technologies for tracking and handling cargo, training workforce, and timely completion of critical infrastructure projects would help enhance the competitiveness of India's exports, industry body CII said on Thursday. Chairman of the CII national committee on EXIM Sanjay Budhia said that the digital transformation of India's logistics networks is a necessity. Leveraging technologies for end-t

GLOBAL MARKETS-Stocks hit by tech slump; yen flails at intervention zone Asian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares, while the yen's slump past 155 per dollar for the first time since 1990 raised the spectre of intervention from Tokyo. A 15% dive in shares of Meta in extended trading after the Instagram parent forecast lighter-than-expected current quarter revenue and higher expenses soured the mood, sparking a sell-

TSMC says 'A16' chipmaking tech to arrive in 2026, setting up showdown with Intel Taiwan Semiconductor Manufacturing Co said on Wednesday that a new chip manufacturing technology called A16 will enter production in the second half of 2026, setting up a showdown with longtime rival Intel over who can make the world's fastest chips. TSMC, the world's biggest contract manufacturer of advanced computing chips and a key supplier to Nvidia and Apple , announced the news at a conference in Santa Clara,

GLOBAL MARKETS-Asian shares jump on tech boost; fragile yen on intervention watch Asian stocks rose sharply on Wednesday led by tech stocks as investors' focus shifts to earnings from U.S. tech bellwethers this week, while the yen remained mired near 34-year lows, keeping traders wary of intervention from Japanese authorities. An after-hours surge in shares of EV maker Tesla following its promise of new models, and upbeat earnings from some U.S. companies lifted sentiment, spurring a rally in te

GLOBAL MARKETS-Asian shares rise on tech boost; yen on intervention watch Asian stocks rose on Wednesday, tracking Wall Street, as an after-hours surge in shares of EV maker Tesla following its promise of new models, and upbeat earnings from some U.S. companies lifted risk sentiment. The yen was rooted near 34-year lows, keeping traders wary of possible intervention from Tokyo. MSCI's broadest index of Asia-Pacific shares outside Japan gained 1.55%, having climbed 1% on Tuesday, as stocks reboun

US is reviewing risks of China's use of RISC-V chip technology The U.S. Department of Commerce is reviewing the national security implications of China's work in open-source RISC-V chip technology, according to a letter sent to U.S. lawmakers. RISC-V, pronounced isk five, competes with proprietary technology from British semiconductor and software design company Arm Holdings. It can be used as a key part of anything from a smartphone chip to advanced processors for artificial intelligence. The