Page 34 - Tech Prowess News Today

Micron Indias Sanand unit focuses on exporting chips. Anand Ramamoorthy highlights global demand, partnerships, and multiple sector usage. Emphasis on agility and talent scarcity in niche sectors like cybersecurity.

Paytm Money, the wealth management platform of One 97 Communication, has replaced chief executive Varun Sridhar, at the helm since 2020, with Rakesh Singh. Singh was the chief executive of broking services at Fisdom, a PayU-backed fintech.

West Bengal police filed an FIR naming Instagram as a co-accused under POCSO and IT Act. The FIR was reviewed by ET. Section 12 of POCSO Act imposes up to 3-year imprisonment for sexual harassment on a child.

TikTok began removing Universals content from its app after their licensing deal expired in January and the two sides failed to reach agreement on royalty payments to artists and songwriters, protections from artificial intelligence (AI), and online safety for TikToks users.

IT firms in southern India prioritize employee wellbeing during the scorching summer. Companies implement measures like webinars, flexible work hours, and enhanced facilities. Employees are urged to stay hydrated, limit commuting, and return to offices post-pandemic for health benefits.

TVS Electronics ventures into EMS segment for defence and railways with SMT line in Karnataka. It collaborates with global partners, integrating robotics and automation for advanced traceability and quality control.

Barry McCarthy resigns as Peloton CEO, leading to 15% job cuts. Karen Boone and Chris Bruzzo step in as interim co-CEOs. Jay Hoag appointed board chair amid CEO search process.

Cognizants performance reflects the overall IT sectors sentiment with domestic majors as Tata Consultancy Services, Infosys, and Wipro also reported low single-digit revenue growth. All companies have the majority of their clients based in the US and Europe.

Airbnb sees India as a key market aiming for a top 10 global position with investments and significant growth. The platform caters to Indian travelers interest in both domestic and international destinations, supporting unique experiences like stays at Bollywood actor Janhvi Kapoors home.

Freshworks president Dennis Woodside appointed as new CEO. Mathrubootham to be redesignated as executive chairman. Recently his performance-based stock incentives were cancelled recently citing macroeconomic concerns. The Freshworks stock fell nearly 25% as the news sparked a massive selloff. Freshworks was founded in Chennai in 2010, primarily targeting small and medium businesses with its CRM software.