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One Thing Today in Tech

One Thing Today in Tech

Every week day, Forbes India"s Hari Arakali, Editor - Tech & Innovation, brings you his take on one piece of tech news that caught his attention, covering everything from big tech to India"s growing tech startup ecosystem.

technology

All Episodes

00:04:57

Sequoia writes off FTX investment; Netcore delays...

One Thing Today in Tech ·

2022/11/11

Netcore Cloud, a marketing technologies provider and one of India’s biggest SaaS companies, has put off its initial public offering, Economic Times reports, citing founder and group managing director Rajesh Jain. Amagi, a media tech SaaS company in Bengaluru, shows that an ‘up round’ is possible even in current macro conditions. And Sequoia burns but the tip of its pinkie as another high-flying crypto company comes crashing down.

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00:05:09

Skyroot’s Vikram-S, India’s first private space...

One Thing Today in Tech ·

2022/11/10

India’s first privately developed rocket (Vikram-S) is undergoing final preparations at the ISRO’s launchpad in Sriharikota, ahead of a launch likely as early as this weekend. The mission named ‘Prarambh’ (beginning) was unveiled by ISRO Chairman, S. Somanath in Bengaluru on Nov. 7, after the technical launch clearance from the Space regulator IN-SPACe. The rocket is set to carry two payloads from India, and one from an overseas customer. And Facebook parent Meta Platforms is laying off 13 percent

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00:06:23

Zoho hits $1 bln revenue, to invest more in AI,...

One Thing Today in Tech ·

2022/11/09

One of the latest climate finance initiatives in India comes from Merak Ventures, a venture capital firm, and Huddle, an accelerator-led fund that have teamed up to launch ClimAct – a Climate Tech accelerator programme for startups in India. The programme will back startups in India in agriculture wastage and supply chain efficiency, mobility and transport, climate finance, carbon accounting and sequestration, and digital solutions. And Indian SaaS icon Zoho announces expansion plans, crossing $1

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00:05:13

‘Climate solidarity or collective suicide – you...

One Thing Today in Tech ·

2022/11/08

United Nations Secretary General Antonio Guterres has warned world leaders at the COP27 climate summit in Egypt that humanity will have to urgently work together or face annihilation, in the fight against global warming. In particular, the US and China must join forces to make a “historic” pact happen between rich emitters and emerging to hold the rise in temperatures to the Paris Agreement target of 1.5 degrees Celsius above the pre-industrial era that most experts believe today is a lost cause

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00:03:45

Apple to continue with Qualcomm modems for now;...

One Thing Today in Tech ·

2022/11/04

Apple will continue to source modem chips from Qualcomm for the 2023 iPhone 15 lineup, MacRumors reports, citing Bloomberg's Mark Gurman. Meta Platforms’s India chief Ajit Mohan has stepped down and will join rival social networking company Snap, Economic Times reports. Wipro yesterday named Amit Choudhary, a former Capgemini executive, as a chief operating officer and member of the Bengaluru IT services company’s executive board. Notes: Apple will continue to source modem chips from Qualcomm for

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00:05:07

Tata Group to add 45,000 workers to win Apple iPhone...

One Thing Today in Tech ·

2022/11/03

India’s Tata Group is planning to multiply the number of employees at its electronics factory in southern India that makes iPhone components, adding tens of thousands of workers as part of a push to win more business from Apple, Bloomberg reports. And India’s SaaS darling Freshworks is facing a class action lawsuit in the US, for allegedly withholding information about obstacles to its business in the lead-up to its IPO last year. Notes: India’s Tata Group is planning to add tens of thousands of

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00:06:24

Google temporarily halts enforcing billing system in...

One Thing Today in Tech ·

2022/11/02

Google has temporarily halted enforcing its Google Play app store rule that developers use its proprietary billing system in India after the country’s Competition Commission ruled the practice anti-competitive, last month. Freshworks beat its guidance for fiscal Q3 revenue with a 37 percent increase in constant currency. The company raised its full-year projection, although the December quarter growth is expected at a slower, 27-28 percent range. Notes: Google has temporarily halted enforcing its

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00:04:01

India to set up grievance appellate committees for...

One Thing Today in Tech ·

2022/10/31

India will set up multiple grievance appellate committees to oversee content moderation decisions of social media platform providers in the country, as the government looks to reign in content it deems unlawful. At Twitter, which is in a legal battle with the Indian government over orders to take down various accounts and tweets, new owner Elon Musk has plans to form a council to oversee content moderation, CNBC reports. Twitter may also charge a fee for user verification, according to the tech

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00:06:01

Apple bucks tech slowdown, but Spotify says it is...

One Thing Today in Tech ·

2022/10/28

Apple’s restrictive app store rules might be the reason that audiobooks are no longer available for purchase on Spotify’s iOS app, a month after the music streaming company launched them in the US, The Verge reports. Meanwhile, European anti-trust regulators are investigating Google's Play Store, Reuters reports. And Meta has lost more than two-thirds of its value this year, as CEO Mark Zuckerberg chases the Metaverse, Bloomberg points out. Notes: Apple reported its fiscal fourth quarter results

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00:05:19

Rishi Sunak reimposes UK’s fracking ban; Apple...

One Thing Today in Tech ·

2022/10/27

UK’s new prime minister Indian-born Rishi Sunak reimposed the government’s ban on fracking, which had been lifted by his predecessor, Liz Truss, in her short-lived premiership, The Guardian reports. Apple has confirmed future iPhones will be equipped with USB-C charging ports after the EU made it a common standard, Wall Street Journal reports. And IBM’s India head has warned staff against moonlighting, according to Economic Times. Notes: UK’s new prime minister Rishi Sunak reimposed the government’s

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00:05:22

India joins EU in finding Google anti-competitive:...

One Thing Today in Tech ·

2022/10/21

The Competition Commission of India has imposed a penalty of a little under Rs. 1338 crore on Google for abusing its dominant position in multiple markets in the Android mobile device ecosystem, apart from issuing a cease-and-desist order. The Commission, which has been investigating Google’s market practices since 2019, also directed Google to modify its conduct within a defined timeline, according to a statement on the competition authority’s website. Google cannot restrict consumers from

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00:05:24

IBM beats expectations; CCI fines MMT, Oyo;...

One Thing Today in Tech ·

2022/10/20

IBM yesterday beat analysts’ estimates for its fiscal third quarter across software, consulting and infrastructure segments, and raised its growth projection for the full year, CNBC reports. The Competition Commission of India has pulled up MakeMyTrip, Goibibo and Oyo for anti-competitive behaviour, fining them $47 million in total; and mid-sized Indian IT services companies are reporting strong growth. Notes: IBM yesterday beat analysts’ estimates for its fiscal third quarter across software,

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00:06:18

Apple launches new iPads; Microsoft is laying off...

One Thing Today in Tech ·

2022/10/19

Apple yesterday released a new iPad with its A14 chip, and an iPad Pro running on its M2 processor. Microsoft is laying off some staff, Wall Street Journal reports, and the company is planning a new data centre in India, according to Economic Times. Cloud startup funding in Europe, the US and Israel fell significantly in the September quarter, global VC firm Accel said in a report. And electric scooter maker Ather Energy has raised more money. Notes: Apple yesterday introduced a new iPad with an

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00:05:40

Reliance Jio selects Nokia for 5G gear; Cognizant...

One Thing Today in Tech ·

2022/10/18

Reliance Jio Infocomm, the wireless business of Indian conglomerate Reliance Industries and the country’s biggest mobile carrier, has chosen Nokia as a major 5G supplier, the Finnish telecom equipment maker said yesterday, Reuters reports. Biocon is looking to tap a $700 million market via a Japanese alliance for two of its biosimilar products. And Flipkart is launching a metaverse space called Flipverse in partnership with Polygon-incubated eDAO. Notes: Reliance Jio Infocomm, the wireless business

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00:06:05

India opens 75 digital banking units to boost...

One Thing Today in Tech ·

2022/10/17

India’s Prime Minister Narendra Modi, yesterday, launched 75 Digital Banking Units (DBUs) in 75 different districts across the nation, as the government moves to bring banks to the doorsteps of citizens in far-flung areas. These units are brick-and-mortar outlets that will offer a variety of services to customers—all digitally. They will also inculcate digital financial literacy and awareness of cyber security in digital financial transactions. A self-service mode will be available round the clock

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00:05:36

Infosys sees Q2 cloud revenues cross $1 bln, raises...

One Thing Today in Tech ·

2022/10/14

Infosys, yesterday, raised the lower end of its revenue projection band for the current fiscal year, but lowered the upper bound of its operating margins – capturing an industry-wide trend amid a potential recession in the Indian IT services companies’ biggest markets. Overall digital technologies related services continued to grow strongly, but the company also saw strong demand for its core IT outsourcing services, CEO Salil Parekh said yesterday. Notes: Infosys, yesterday, raised the lower end of

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00:03:55

HCL Tech raises guidance, Wipro posts strong Q2...

One Thing Today in Tech ·

2022/10/13

HCL Technologies, yesterday, beat fiscal second-quarter revenue expectations and increased its guidance for the full fiscal year, signalling demand remains strong for its services in cloud, engineering, and digital technologies amid a global economic slowdown. At Wipro, Q2 revenues matched street expectations, but profits for the September quarter fell nearly 10 percent versus the same period a year ago. Notes: HCL Technologies, yesterday, beat revenue expectations and increased its guidance for the

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00:04:18

IMF says ‘worst is yet to come’; Icertis names Deanna...

One Thing Today in Tech ·

2022/10/12

The International Monetary Fund is downgrading its outlook for the world economy for 2023, citing multiple factors including Russia’s war against Ukraine, chronic inflation pressures, punishing interest rates and the lingering consequences of the Covid pandemic. Indian American entrepreneur-led Icertis, a contract LCM SaaS specialist, has tapped Infor’s Deanna Lanier as chief strategy officer. And early-stage investor Nisarg Shah is seeking tech-led startups at Kettleborough VC. Notes: The

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00:04:44

TCS Q2 FY23: $8.1 bln order book, sequential revenue...

One Thing Today in Tech ·

2022/10/11

Tata Consultancy Services reported quarterly earnings yesterday that show India’s biggest IT services company is still seeing strong demand for its services with an order book of more than $8 billion garnered during its fiscal second quarter. The rate of growth, however, seems to have moderated, with the more than 600,000-strong company growing at less than half the pace at which it grew last year from one quarter to the next. Shares were little changed in early Mumbai trading. Notes: Tata

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00:04:18

IT services: Q2 FY23 earnings results kick off today...

One Thing Today in Tech ·

2022/10/10

Tata Consultancy Services, India’s biggest IT services company, will be first off the block in reporting fiscal second-quarter earnings results when it reports its numbers after markets in Mumbai today. Analysts at brokerages in India expect growth to continue, and the high staff churn too in the sector. The rate of growth, however, definitely seems to be headed for a slowdown. Infosys, India’s second-biggest IT company, will report its earnings on Oct. 13. Notes: Tata Consultancy Services, India’s

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