Page 32 - Tech Prowess News Today

Apple increased its cash dividend by 4% and authorized an additional program to buy back $110 billion of its stock. The buyback is the largest in the companys history, according to Investing.com analyst Thomas Monteiro.

Government collaborates with industry to boost electronics manufacturing in India, focusing on domestic value-add and encouraging smartphone and notebook design ecosystem. Emphasis on intellectual property and localization for global market competitiveness.

Judge Amit P. Mehta was presiding over the first day of closing arguments in the most consequential tech antitrust case since the U.S. government sued Microsoft in the late 1990s. The Justice Department has sued Google, accusing it of illegally shoring up a monopoly in online search. Google has denied the claims.

Karnataka compensates Foxconn for Bengaluru facility, assembling 20M smartphones annually. CEO deposits compensation in court. 867.37 acres acquired for industrial estate, with additional $1.7 billion investment by Foxconn.

Supreme Court dismissed PhonePes appeal against DigiPes trademark use. The court noted other companies with similar Pe suffix. The ongoing lawsuit readiness and differences in services between PhonePe and DigiPe were highlighted.

AMD, under Mark Papermaster, is positioned to meet AI compute demand with a diverse product portfolio. Papermaster emphasizes the importance of open ecosystems, industry partnerships, and investments in groundbreaking technologies to drive compute efficiency and growth.

After the company reported quarterly earnings on Thursday, Cook insisted that Apple will have concrete details about its plans for AI to talk about very soon.

The U.S. government accuses Google of antitrust violations for dominating the search advertising market. Court proceedings involve allegations of monopolistic practices, ad auction manipulation, and document deletion. Google defends its actions and emphasizes the value of its search advertising technologies.

In terms of deal volume in the month, total deals stood at 78, compared to 95 in March 2024 and 113 in April 2023. Sequentially, deal value went down about 26% from $765 million to $563.5 million.

Tata Technologies faced a 27.4% YoY net profit decrease in Q4 FY24 due to reduced technology solutions revenue and increased employee costs. Despite challenges, the company demonstrated resilience with strategic focus on market performance and growth initiatives.