News

Nasdaq 100 index to get a makeover as `Magificent Seven` get too concentrated The Nasdaq-100 index is getting a fresh look, the media reported. The index comprises 100 of the largest non-financial companies listed on the Nasdaq and the popular Invesco QQQ exchange-traded fund tracks the index, CNN reported. Seven companies listed in the Nasdaq-100 accounted for roughly 51 per cent of the index as of June 3, according to a note by Louis Navellier, chairman of Navellier & Associates. The Nasdaq is looking to fix that problem -- without changing any of the st...
Nasdaq 100 index to get a makeover as `Magificent Seven` get too concentrated
Nasdaq 100 index to get a makeover as `Magificent Seven` get too concentrated
Source: IANS
15/07/2023 11:43:09 AM
Indian-American Neal Mohan is new YouTube CEO Indian-American Neal Mohan will be the new YouTube CEO, as current head Susan Wojcicki has announced to step down after 25 years at the Google-owned company. Currently chief product officer, Mohan became part of Google, the parent company of YouTube, in 2008. He is a Stanford graduate and earlier worked with Microsoft. Mohan and Wojcicki have worked together for nearly 15 years. He became YouTube's chief product officer in 2015. "Today, after nearly 25 years here, I've d...
Indian-American Neal Mohan is new YouTube CEO
Indian-American Neal Mohan is new YouTube CEO
Source: IANS
17/02/2023 9:37:42 AM
Create regulatory frameworks to help companies innovate: Sundar Pichai to Ashwini Vaishnaw  As India refines its personal data protection (PDP) bill, along with other bills that cater to the digital era, Alphabet and Google CEO Sundar Pichai on Monday said it is important for the government to create regulatory frameworks that help companies innovate on top of those local laws of the land. Stressing that the country is going through a key period of time during digital transformation, Pichai vouched for an open and connected internet. "India has a leadership role to ...
Create regulatory frameworks to help companies innovate: Sundar Pichai to Ashwini Vaishnaw
Create regulatory frameworks to help companies innovate: Sundar Pichai to Ashwini Vaishnaw
Source: IANS
19/12/2022 3:43:04 PM
'I carry India wherever I go,' reiterates Google CEO Sundar Pichai  Alphabet and Google CEO Sundar Pichai has once again reiterated that India is an integral part of him and he was fortunate to grow up in a family in the country that cherished learning and knowledge. "India is a part of me. I carry it with me wherever I go. I was fortunate to grow up in a family that cherished learning and knowledge, with parents who sacrificed a lot to make sure I had opportunities to explore my interests," Pichai said in a blog post late on Friday. He ...
'I carry India wherever I go,' reiterates Google CEO Sundar Pichai
'I carry India wherever I go,' reiterates Google CEO Sundar Pichai
Source: IANS
3/12/2022 2:28:47 PM
India's G20 Presidency will boost global economy, open Internet: Sundar Pichai  India taking over the G20 Presidency will be an amazing opportunity to build consensus on strengthening the global economy by advancing an internet that is open, connected, secure and works for everyone, Alphabet and Google CEO Sundar Pichai has said. Pichai, who received the Padma Bhushan, India's highest civilian honour, from India's Ambassador to the US, Taranjit Singh Sandhu, in San Francisco, said that it is incredibly meaningful to be honoured in this way "by the c...
India's G20 Presidency will boost global economy, open Internet: Sundar Pichai
India's G20 Presidency will boost global economy, open Internet: Sundar Pichai
Source: IANS
3/12/2022 11:21:54 AM
India proposes guidelines to combat fake online reviews and ratings India launched a crackdown on Monday against fake consumer reviews and unverified ratings in a bid to make the online world and e-commerce more authentic and less misleading for users. The government has drafted guidelines for companies from Alphabet Inc's Google, Meta Platform's Facebook and Instagram, and Amazon.com Inc to travel sites and food delivery apps that depend on reviews to validate products and services. Positive reviews help generate sales and interest from potential ...
India proposes guidelines to combat fake online reviews and ratings
India proposes guidelines to combat fake online reviews and ratings
Source: Reuters
22/11/2022 9:43:18 AM
Google, Renault Group to build `software defined vehicle` for the future Google and Renault Group on Tuesday announced to expand their partnership to deliver the digital architecture for the 'Software Defined Vehicle' (SDV) for the future. The 'Software Defined Vehicle' will allow for new on-demand services and continuous upgrades to be delivered to the car, building on the existing Android Automotive Operating System and Google Cloud technology collaboration. The companies will develop a set of onboard and offboard software components that a...
Google, Renault Group to build `software defined vehicle` for the future
Google, Renault Group to build `software defined vehicle` for the future
Source: IANS
8/11/2022 2:21:18 PM
Reliance Industries ranked 20th in the world, highest among Indian companies in World`s Best Employers rankings Reliance Industries has been ranked highest amongst Indian companies in the list of Forbes World's Best Employers for 2022. RIL is ranked 20th in the world and the highest among Indian companies ahead of HDFC Bank at 137. Samsung was at the top spot in the ranking of World's Best Employers followed by Microsoft, IBM, Alphabet, Apple, Delta Airlines, Costco, Adobe, Southwest Airlines and Dell Technologies in the top ten, Reliance Industries with 2.3 lakh employees, is ranked 2...
Reliance Industries ranked 20th in the world, highest among Indian companies in World`s Best Employers rankings
Reliance Industries ranked 20th in the world, highest among Indian companies in World`s Best Employers rankings
Source: IANS
7/11/2022 9:20:23 AM
Alphabet`s net profit sinks 27% to $13.9 bn, revenue up 6%  Alphabet, Google's parent company, has reported a net profit of $13.9 billion in the third quarter (Q3), down 27 per cent from a year earlier, while revenue increased 6 per cent to $69.1 billion, amid global slowdown and recession fears. The Alphabet earnings fell short of Wall Street estimates of $16.9 billion in net profit. In the last quarter (Q2), the tech giant earned nearly $69.7 billion with profits of around $16 billion. Sundar Pichai, CEO of Alphabet and Google, sa...
Alphabet`s net profit sinks 27% to $13.9 bn, revenue up 6%
Alphabet`s net profit sinks 27% to $13.9 bn, revenue up 6%
Source: IANS
26/10/2022 10:46:54 AM
Automakers to double spending on EVs, batteries to $1.2 trillion by 2030 The world's top automakers are planning to spend nearly $1.2 trillion through 2030 to develop and produce millions of electric vehicles, along with the batteries and raw materials to support that production, according to a Reuters analysis of public data and projections released by those companies. The EV investment figure, which has not previously been published, dwarfs previous investment estimates by Reuters and is more than twice the most recent calculation published just a year ag...
Automakers to double spending on EVs, batteries to $1.2 trillion by 2030
Automakers to double spending on EVs, batteries to $1.2 trillion by 2030
Source: Reuters
26/10/2022 9:47:45 AM
Alphabet`s Verily raises $1 bn to tap growing healthcare sector Verily, the life sciences business of Google's parent company Alphabet, has raised $1 billion that will be used to expand its data-driven healthcare products tailored to individuals. Led by Alphabet, the new capital will be used to support a variety of the company's core initiatives focused on real world evidence generation, healthcare data platforms, research and care, and the underlying technology. Verily's Founder and CEO Andy Conrad will become Executive Chairman and Pre...
Alphabet`s Verily raises $1 bn to tap growing healthcare sector
Alphabet`s Verily raises $1 bn to tap growing healthcare sector
Source: IANS
10/09/2022 3:00:43 PM
Over 3 bn devices now on Android globally: Sundar Pichai  During the company's earnings call, Alphabet and Google CEO Sundar Pichai said that more than three billion monthly active devices are now running on the Android operating system globally. Pichai mentioned that consumers had activated one billion Android phones in 2021."I am proud that Android remains the world's most popular operating system with more than three billion monthly active devices worldwide. Last year alone, consumers activated one billion Android phones,&qu...
Over 3 bn devices now on Android globally: Sundar Pichai
Over 3 bn devices now on Android globally: Sundar Pichai
Source: IANS
27/07/2022 1:52:42 PM
Google Maps launches Street View in India after 11-year wait Alphabet Inc's Google Maps on Wednesday launched its panoramic Street View service in 10 Indian cities in partnership with Tech Mahindra and Genesys, 11 years after a first attempt ran into regulatory troubles. The feature, which offers 360-degree views of streets around the world using photos taken by cruising vehicles, has faced privacy complaints and regulatory scrutiny in many countries. The Indian launch comes after Google was denied permission at least twice in the last decade...
Google Maps launches Street View in India after 11-year wait
Google Maps launches Street View in India after 11-year wait
Source: Reuters
27/07/2022 12:10:21 PM
Google`s parent company Alphabet reports weaker earnings, revenue Alphabet, the parent company of Google, has reported weaker-than-expected earnings and revenue for the April-June period (Q2). The company reported solid growth in its Search business. Revenue growth slowed to 13 per cent from 62 per cent in the same quarter last year. The company reported revenues of $69.7 billion in the quarter, up 13 per cent. "In the second quarter our performance was driven by Search and Cloud. The investments we've made over the years in AI and computi...
Google`s parent company Alphabet reports weaker earnings, revenue
Google`s parent company Alphabet reports weaker earnings, revenue
Source: IANS
27/07/2022 10:05:50 AM
Google slowing down pace of hiring for rest of year: Sundar Pichai Alphabet and Google CEO Sundar Pichai has told employees that the company will be slowing down the pace of hiring for the rest of the year, as global macro-economic conditions continue to hit industries across the spectrum. According to an internal memo sent by Alphabet and Google CEO Pichai to employees, the company will have to "be more entrepreneurial" and work with "greater urgency, sharper focus, and more hunger than we've shown on sunnier days". "In so...
Google slowing down pace of hiring for rest of year: Sundar Pichai
Google slowing down pace of hiring for rest of year: Sundar Pichai
Source: IANS
13/07/2022 11:09:43 AM
Top 100 global firms' market cap reaches $31.7 tn, Apple leads The market capitalisation of the top 100 companies globally increased from $10.3 trillion to $31.7 trillion, an increase of 48 per cent, from March 2020 till March 2021, a new report said on Sunday. Apple topped the list with $2.85 trillion in market cap, followed by Saudi Aramco, Microsoft, Alphabet and Amazon, according to the data provided by London-based accounting company PwC. Apple regained its crown as the world's largest company by market capitalisation with a valuation 6 pe...
Top 100 global firms' market cap reaches $31.7 tn, Apple leads
Top 100 global firms' market cap reaches $31.7 tn, Apple leads
Source: IANS
12/06/2022 1:50:53 PM
Google in talks to join India's open e-commerce network ONDC NEW DELHI - Alphabet Inc's Google is in talks with the Indian government to integrate its shopping services with the country's open e-commerce network ONDC, two sources familiar with the matter told Reuters. Late last month India soft-launched its Open Network for Digital Commerce (ONDC) as the government tries to end the dominance of U.S. companies Amazon.com and Walmart in the fast-growing e-commerce market. Google's talks follow the success of its payments business b...
Google in talks to join India's open e-commerce network ONDC
Google in talks to join India's open e-commerce network ONDC
Source: Reuters
27/05/2022 11:39:30 AM
Exclusive: Google paying more than 300 EU publishers for news, more to come BRUSSELS - Alphabet unit Google has signed deals to pay more than 300 publishers in Germany, France and four other EU countries for their news and will roll out a tool to make it easier for others to sign up too, the company told Reuters. The move to be announced publicly later on Wednesday followed the adoption of landmark EU copyright rules three years ago that require Google and other online platforms to pay musicians, performers, authors, news publishers and journalists for using their...
Exclusive: Google paying more than 300 EU publishers for news, more to come
Exclusive: Google paying more than 300 EU publishers for news, more to come
Source: Reuters
11/05/2022 12:28:43 PM
Alphabet's profit slides over $1 bn as Search & Cloud biz grow in Q1 Google parent company Alphabet's net profit dropped to $16.4 billion compared to last year's $17.9 billion in the first quarter of this year, as its Search and Cloud businesses saw great momentum. Alphabet registered $68 billion in revenue for Q1 2022, a 23 per cent increase year-over-year. The company's Search revenue reached $39 billion while its overall advertising business, including Search, YouTube and ad networks pulled in $54 billion in the first quarter alone. &qu...
Alphabet's profit slides over $1 bn as Search & Cloud biz grow in Q1
Alphabet's profit slides over $1 bn as Search & Cloud biz grow in Q1
Source: IANS
27/04/2022 10:44:26 AM
150 mn people across 40 countries using Google Pay: Sundar Pichai Hailing the India digital payments growth story, Alphabet and Google CEO Sundar Pichai has said that the company's payments strategy is very similar to the strategy it has for commerce overall. During the company's quarterly earnings call, Pichai said that the digital payments work in India is "certainly what really got everything started". "We now have 150 million people across 40 countries using Google Pay. We're making sure it works across the board, works ...
150 mn people across 40 countries using Google Pay: Sundar Pichai
150 mn people across 40 countries using Google Pay: Sundar Pichai
Source: IANS
27/04/2022 10:18:23 AM
Google s parent company Alphabet hits $2tn valuation Sundar Pichai-run Alphabet, Google's parent company, has finally breached the coveted $2 trillion market cap milestone. The tech giant's market cap briefly crossed the $2 trillion mark late on Monday, closing at $2,987.03 per share. Alphabet's market cap has doubled from $1 trillion since January 2020. Alphabet now joins Apple and Microsoft who are already part of the $2 trillion club in the US. Alphabet, the parent company of Google, posted an all-time record revenue ...
Google s parent company Alphabet hits $2tn valuation
Google s parent company Alphabet hits $2tn valuation
Source: IANS
9/11/2021 12:57:46 PM
Google logs record $18.9 bn profit, Search and YouTube soar Alphabet, the parent company of Google, has posted an all-time record revenue of $61.9 billion for the July-September quarter, along with record profits at $18.9 billion. Google Services revenues were $59.9 billion, up 41 per cent, and Google Search and other advertising revenues of $37.9 million in the quarter were up 44 per cent. The company said in a statement late on Tuesday that YouTube advertising revenues of $7.2 billion were up 43 per cent due to strength in both direct response...
Google logs record $18.9 bn profit, Search and YouTube soar
Google logs record $18.9 bn profit, Search and YouTube soar
Source: IANS
27/10/2021 10:19:38 AM
Vodafone teams up with Google Cloud on data analytics Mobile operator Vodafone Group Plc and Alphabet Inc's Google Cloud entered a strategic partnership to jointly develop data services, Vodafone said on Sunday. About 1,000 workers in Britain, Spain and the United States will be to asked by both companies to create "Nucleus", a new cloud-based storage and analytics portal which will host Vodafone's data. Nucleus will be capable of processing around 50 terabytes of data a day within the cloud, Vodafone said in a statement....
Vodafone teams up with Google Cloud on data analytics
Vodafone teams up with Google Cloud on data analytics
Source: Reuters
3/05/2021 9:09:01 AM
Alphabet sets profit record, plans $50 billion buyback Google parent Alphabet Inc on Tuesday reported record profit for the second consecutive quarter and a $50 billion share buyback but warned a surge in usage and ad sales during the pandemic may slow as people resume in-person activities. With online consumer activity remaining elevated in the first quarter, Alphabet beat analysts' revenue estimates and nearly surpassed the sales record it set in the fourth quarter. Google ad sales jumped 32% in the first quarter compared with a year ...
Alphabet sets profit record, plans $50 billion buyback
Alphabet sets profit record, plans $50 billion buyback
Source: Reuters
28/04/2021 10:57:03 AM
Google signs news content deals with Italian publishers MILAN - Alphabet Inc's Google has sealed its first licence agreements in Italy with several publishers to offer access to some of their content on the U.S. tech group's Showcase news platform. Google News Showcase is a global product to pay news publishers for their content online and a new service that allows partnering publishers to curate content and provide limited access to paywalled stories for users. Showcase is expected to launch in Italy in the coming weeks, a media rep...
Google signs news content deals with Italian publishers
Google signs news content deals with Italian publishers
Source: Reuters
25/03/2021 9:15:28 AM
Google to invest over $7 billion in U.S. offices, data centers this year Alphabet Inc's Google said on Thursday it plans to invest over $7 billion in offices and data centers in the United States this year. Google's spending includes $1 billion in its home state of California. The move comes at a time when many companies are exiting Silicon Valley after the COVID-19 pandemic triggered a broader shift to remote work, making companies reconsider the state's higher operational costs and hefty taxes. The investments would create at least 10,000 new f...
Google to invest over $7 billion in U.S. offices, data centers this year
Google to invest over $7 billion in U.S. offices, data centers this year
Source: Reuters
18/03/2021 4:15:26 PM
Alphabet shutting Loon, which used balloon alternative to cell towers OAKLAND, Calif.  - Alphabet Inc is shutting down Loon after concluding the business, which offers balloons as an alternative to cell towers, is not commercially viable, Google's parent company said on Thursday. Founded in 2011, Loon aimed to bring connectivity to areas of the world where building cell towers is too expensive or treacherous using balloons the length of tennis courts and solar-powered networking gear. But the wireless carriers which Loon saw as buyers questioned ...
Alphabet shutting Loon, which used balloon alternative to cell towers
Alphabet shutting Loon, which used balloon alternative to cell towers
Source: Reuters
23/01/2021 11:53:16 AM