Page 2 - Applied Risk News Today

Top IT services firms experience revenue growth in Europe, MEA, and APAC, outpacing North America. US clients are cautious about spending due to inflation. India and MEA witness investments in technology, driving demand for innovative solutions.

AET Displays, part of Chinas Guangda Group, invests Rs 200 crore in India for manufacturing expansion. They plan to strengthen local supply chain, enhance R&D, and establish sales centers in key cities.

Areas that would also benefit were enterprise-grade reliability, performance, and compliance with data residency and privacy standards, the company added in a statement.

​Microsoft expects its partnership with Brookfield to help finance the creation of renewable electricity projects to be built between 2026 and 2030, beginning in the U.S. and Europe, according to the newspaper.

Digantara, in collaboration with various partners, is part of the Maitri mission to manage space debris. The company aims to enhance space traffic management and monitoring of Resident Space Objects in Low Earth Orbit.

US news publishers sue Microsoft and OpenAI for copyright infringement in training AI models. OpenAI responds by emphasizing support for news organizations. Indian news publishers seek fair compensation for gen AI model training.

Layoffs at Googles Flutter, Dart and Python teams come weeks after the tech giant terminated staff from its real estate and finance teams as well. Google has said the layoffs are not company-wide.

The revenues in Q1 of FY23 stood at €5.73 billion ($5.92 billion). On a constant currency basis, revenue declined 3.3%. Capgemini follows January to December as its financial year.

Deal momentum slowed in 2023-24 despite record deals as clients favor new over old deals. Vendor consolidation and slower decision-making ensued, impacting near-term revenues for service providers who must be proactive.

FirstCrys IPO size will be the same, as per the IPO papers. It intends to raise $218 million (about Rs 1,815 crore) in primary funding through issuance of new shares and divestment of 54 million shares from existing investors.