Page 14 - Tech Top News Today

Well soon meet in your inbox. Please wait... While brick-and-mortar stores closed, Amazon has now posted four consecutive record quarterly profits, attracted more than 200 million Prime loyalty subscribers, and recruited over 500,000 employees to keep up with surging demand. Amazon said it expects operating income for the current quarter to be between $4.5 billion and $8 billion, which includes about $1.5 billion in costs related to Covid-19. Shares rose 4% in after-hours trade. Throughout t...

Well soon meet in your inbox. Please wait... "This (revised forecast) translates to a sequential growth of 8.0% to 10.0%. This does not include revenue from our recently announced acquisition of Ampion," Wipro said in its regulatory filing on Friday. The raised forecast lifted the Wipro stock by nearly 4% on the Bombay Stock Exchange. Wipro had forecast earlier that it expects revenue to grow 2-4% in the range of $2.19 billion to $2.23 billion, as global clients signed up the company to transfo...

Five U.S. Agencies May Have Been Hacked Through Ivanti Flaws Apr 30 2021, 9:55 PM April 30 2021, 4:44 AM April 30 2021, 9:55 PM (Bloomberg) -- The U.S. Department of Homeland Security has determined that flaws in Ivanti Inc.’s products may have allowed hackers to breach at least five federal agencies. (Bloomberg) -- The U.S. Department of Homeland Security has determined that flaws in Ivanti Inc.’s products may have allowed hackers to breach at least five federal agencies. The Departm...

Well soon meet in your inbox. Please wait... Pointing out that the platform now has over “1.13 crore people registration, with 55 lakh having registered in the three hours since CoWin opened for people over 18,” Sharma told ET that “ this would not have been possible if there were glitches.” Government officials conceded that "slots will be available for booking only once vaccines (become) available, that’s the challenge.” Currently, various state governments and private hospitals a...

Infosys, Wipro COOs to retire this year

Microsoft nets $620 million benefit on top court withholding tax verdict SECTIONS Last Updated: Apr 29, 2021, 12:07 AM IST Share Synopsis In March, the apex court said companies that distribute software of overseas entities in India are not liable to withhold tax AP Technology giant Microsoft said it had recorded a $620 million income tax benefit in the March quarter due to the Supreme Court’s verdict on withholding taxes for software sales and on an agreement between India and the United St...

Facebook blocks #ResignModi posts for hours as Indias Covid crisis grows SECTIONS Last Updated: Apr 29, 2021, 10:56 AM IST Share Synopsis ​Facebook said it barred the hashtag by mistake and not at the behest of the government, without elaborating. Facebook periodically blocks hashtags for a variety of reasons, some manually but many also based on automated internal guidelines. Facebook said it barred the hashtag by mistake. Facebook blocked posts tagged #ResignModi before restoring them hours...

Baring Asia puts Hexaware on sale for $2.5-$3 billion SECTIONS Share Synopsis The Hong Kong-based buyout fund has initiated the process by mandating investment banks Barclays and JP Morgan to find buyers at a valuation of Rs 18,500 crore – Rs 22,200 crore ($2.5-$3 billion), multiple people aware of the development said. Agencies Baring acquired a controlling stake in Hexaware in 2013 from promoter Atul Nishar and PE firm General Atlantic, followed by acquisition of shares from public sharehol...

Well soon meet in your inbox. Please wait... Workers at huge technology service providers Accenture and Wipro say teams are working 13-14 hours daily, under growing pressure and struggling to deliver on projects as staff call in sick and take time off to care for friends and relatives. They play down any threat of a collapse in operations - but at stake if the surge continues is the infrastructure put in place by the worlds biggest financial companies in cost-cutting drives that have left the...

Well soon meet in your inbox. Please wait... The Australian Competition and Consumer Commission (ACCC), in a digital platforms services inquiry interim report, said app developers should be allowed to provide customers with alternative payment options and data collected by Google and Apple should be kept separate from their other operations. The ACCC also called for consumers to be allowed to change or remove pre-installed or default apps. "We have identified a number of areas where action i...