News

L&T Technology Services and BSNL join hands to enable private 5G network deployments for enterprises L&T Technology Services (NSE: LTTS), a leading global pure play engineering services company, announced that it has entered into a strategic partnership with Bharat Sanchar Nigam Limited (BSNL) to drive and enable global enterprises in their private 5G network deployments. BSNL and LTTS plan to co-innovate and jointly bring to market private 5G connectivity solutions to accelerate digital transformation for enterprises.   According to the agreement framework signed by both comp...
L&T Technology Services and BSNL join hands to enable private 5G network deployments for enterprises
L&T Technology Services and BSNL join hands to enable private 5G network deployments for enterprises
Source: PR Agency
27/06/2023 9:20:49 AM
Samsung plans to develop chips for XR devices Samsung is reportedly planning to develop chips for XR (Extended Reality) devices as the company is expected to unveil a new XR headset sometime later this year or the first half of next year. According to The Korea Economic Daily, citing sources, the company's plans to venture into the XR device chip market are now taking concrete shape. The System LSI division of Samsung that makes Exynos processors and ISOCELL camera sensors has started taking its first step toward making process...
Samsung plans to develop chips for XR devices
Samsung plans to develop chips for XR devices
Source: IANS
30/05/2023 2:07:27 PM
Goverment IT spending in India to reach $11.6 bn in 2023 The government's IT spending in India is likely to reach $11.6 billion in 2023, an increase of 10.3 per cent from 2022, a report showed on Wednesday. The government will continue to focus on modernising initiatives and their digital efforts for increased productivity, automation and other software-driven transformation, according to an IDC report. "For example, they are ensuring public sector institutions in India build mobile-first experiences for their citizens, especially fo...
Goverment IT spending in India to reach $11.6 bn in 2023
Goverment IT spending in India to reach $11.6 bn in 2023
Source: IANS
24/05/2023 3:22:48 PM
Noise clocks Rs 2,000 cr in revenue in FY23 with 100% growth Homegrown consumer wearable company Noise on Friday said it clocked Rs 2,000 crore in revenue in FY23 with a record growth of over 100 per cent (year-on-year). Noise maintained its leadership in the smart wearables industry and is aiming to double down further in the next fiscal year. The company, with 400 employees, is projected to sustain a robust growth momentum of over 70 per cent next year, through a combination of volume and pricing growth. Over 95 per cent of its production is...
Noise clocks Rs 2,000 cr in revenue in FY23 with 100% growth
Noise clocks Rs 2,000 cr in revenue in FY23 with 100% growth
Source: IANS
12/05/2023 2:43:01 PM
`GROW with SAP` to empower mid-size companies in India`s `Techade`  Enterprise application software provider SAP on Thursday announced 'GROW with SAP', a new offering to help mid-size customers in India adopt Cloud Enterprise Resource Planning (ERP) that enables speed, predictability, and continuous innovation. The 'GROW with SAP' offering brings together SAP S/4HANA Cloud, public edition, with accelerated adoption services, a global community of experts and free learning resources, helping customers go live in few weeks. The compa...
`GROW with SAP` to empower mid-size companies in India`s `Techade`
`GROW with SAP` to empower mid-size companies in India`s `Techade`
Source: IANS
20/04/2023 12:54:16 PM
Global IT spending continues to decline for 5th consecutive month The global IT spending will continue to slow down by 4.4 per cent to $3.25 trillion for the fifth consecutive month, as technology investments continue to show the impact of a weakening economy. In its new monthly forecast for worldwide IT spending growth, IDC projected overall growth this year slightly down from 4.5 per cent in the earlier forecast and represents a swing from a 6 per cent growth forecast in October 2022. "Since the fourth quarter of last year, we have seen clear a...
Global IT spending continues to decline for 5th consecutive month
Global IT spending continues to decline for 5th consecutive month
Source: IANS
12/04/2023 4:22:22 PM
Smart home devices shipment fall for 1st time, TVs most hit Global shipments of smart home devices declined for the first time in 2022 as shipments fell 2.6 per cent (year-over-year) to 871.8 million units. According to the International Data Corporation (IDC), Smart TVs, which represented the largest category, experienced a 4.3 per cent decline in 2022. Looking ahead, a modest 2.2 per cent growth in smart home device shipments is expected in 2023 as the global economy recovers. This growth is expected to continue through 2027 with device vol...
Smart home devices shipment fall for 1st time, TVs most hit
Smart home devices shipment fall for 1st time, TVs most hit
Source: IANS
3/04/2023 6:57:40 PM
Global smartphone shipments suffer biggest fall in holiday quarter  Global smartphone shipments declined 18.3 per cent (year-over-year) to 300.3 million units in the holiday quarter of 2022, the largest-ever decline in a single quarter. According to an IDC report, the Q4 2022 drop contributed to a steep 11.3 per cent decline for the entire year. The year 2022 ended with shipments of 1.21 billion units, which represents the lowest annual shipment total since 2013 due to significantly dampened consumer demand, inflation, and economic uncertainties. ...
Global smartphone shipments suffer biggest fall in holiday quarter
Global smartphone shipments suffer biggest fall in holiday quarter
Source: IANS
27/01/2023 11:55:50 AM
283 mn used smartphones shipped last year globally The global shipments of used smartphones, including officially refurbished and used smartphones, were expected to reach 282.6 million units in 2022, according to a report. The unit growth represents an 11.5 per cent increase over the 253.4 million units shipped in 2021, according to the IDC. This growth is expected to continue, as IDC forecasts that used smartphone shipments will reach 413.3 million units worth $99.9 billion in 2026 with a compound annual growth rate (CAGR) of 10.3 per ...
283 mn used smartphones shipped last year globally
283 mn used smartphones shipped last year globally
Source: IANS
16/01/2023 9:16:11 AM
Digital transformation spending in India to reach $85 bn by 2026 The digital transformation (DX) spending in India is likely to reach $85 billion by 2026 as firms in the country aim to reduce the costs by increasing efficiency, improving security/risk capabilities, and improving customer experience via tech-enabled digital transformation, a report said on Tuesday. More than 95 per cent of Indian organisations plan to increase DX spending or keep at the same level in 2023, according to the IDC. During the pandemic, digital transformation aided Indian ...
Digital transformation spending in India to reach $85 bn by 2026
Digital transformation spending in India to reach $85 bn by 2026
Source: IANS
6/12/2022 4:33:42 PM
India public cloud market to reach $13 bn by 2026: Report The overall India public cloud services market is expected to reach $13 billion by 2026, growing at a compound annual growth rate (CAGR) of 23.1 per cent for the 2021-26 period, an IDC report said on Thursday. The India public cloud services (PCS) market, including infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS) solutions, and software-as-a-service (SaaS), revenue totaled $2.8 billion for the first half of 2022. "With the growth in digital innovation, organizations...
India public cloud market to reach $13 bn by 2026: Report
India public cloud market to reach $13 bn by 2026: Report
Source: IANS
1/12/2022 3:36:39 PM
Qualcomm says focused on long-term goals amid market uncertainties Despite several quarters of declining smartphone sales owing to rough macroeconomic conditions, chip major Qualcomm is confident it will weather the global condition with a strong focus on long-term growth, while delivering top-of-the-line features for the overall device ecosystem. Chris Patrick, SVP and General Manager, Mobile Handset, Qualcomm, told IANS that despite a lot of ups and downs in the global market, the company is "really focused on the long term". "Smartpho...
Qualcomm says focused on long-term goals amid market uncertainties
Qualcomm says focused on long-term goals amid market uncertainties
Source: IANS
17/11/2022 11:19:05 AM
India`s smartphone shipments drop 10% in Q3 as prices hit record - IDC India's smartphone market fell by 10% year-on-year last quarter to 43.5 million units, marking the lowest third-quarter shipment since 2019, and a high inventory pile-up is expected to lead to a muted fourth quarter, market research firm IDC said on Monday. Despite the festival season beginning earlier than usual, the unrelenting rise in prices pulled down shipments in the world's second-biggest smartphone market, IDC said. The average selling price jumped 15% year-over-year, an...
India`s smartphone shipments drop 10% in Q3 as prices hit record - IDC
India`s smartphone shipments drop 10% in Q3 as prices hit record - IDC
Source: Reuters
14/11/2022 5:29:59 PM
India wearable market registers 56.4% growth, boAt leads: Report  India's wearable market registered another record quarter, shipping 37.2 million units in Q3 2022 (July-Sep), a growth of 56.4 per cent (year-over-year) with boAt leading in the market, a report showed on Friday. According to the IDC, smartwatches (inclusive of basic and advanced) remained the fastest-growing category crossing the 12 million shipments mark in a single quarter, a growth of 178.8 per cent (year-over-year). Basic smartwatches continue to dominate the market, with...
India wearable market registers 56.4% growth, boAt leads: Report
India wearable market registers 56.4% growth, boAt leads: Report
Source: IANS
12/11/2022 10:13:14 AM
Microsoft logs 14% decrease in net profit as PC sales decline Microsoft has reported 14 per cent decrease in its net profit for its first quarter of 2023 (July-September period) while revenues went up 11 per cent amid global decline in PC sales. Microsoft made $50.1 billion in revenue and $17.6 billion in net income in its first quarter of 2023. "In a world facing increasing headwinds, digital technology is the ultimate tailwind," said Satya Nadella, chairman and CEO of Microsoft. "In this environment, we're focused on helpin...
Microsoft logs 14% decrease in net profit as PC sales decline
Microsoft logs 14% decrease in net profit as PC sales decline
Source: IANS
26/10/2022 10:51:19 AM
India's Reliance seeks repeat of phone success with $184 laptop Reliance Jio will soon launch a laptop priced at just 15,000 rupees ($184) - one of the cheapest on offer in India, aiming to replicate the success of its low-cost phone, said two sources with direct knowledge of the matter. Indian billionaire Mukesh Ambani's Reliance is known for disrupting businesses with cut-throat price offerings. Jio, its telecoms unit, has been credited with upending the world's no. 2 mobile market with cheap 4G data plans and free voice services in 2016. Las...
India's Reliance seeks repeat of phone success with $184 laptop
India's Reliance seeks repeat of phone success with $184 laptop
Source: Reuters
3/10/2022 9:09:27 AM
Public cloud services market in Asia-Pacific to reach $165.2 bn The public cloud services market in the Asia-Pacific region is likely to reach $165.2 Billion in 2026, according to an IDC report. The firm expects the Asia/Pacific public cloud market to grow at higher year-over-year (YoY) rate at 31.4 per cent this year, in comparison to 30 per cent in 2021, as cloud migration continues to accelerate. However, IDC expects the YoY growth rates to slow down beginning from 2023 with a YoY growth of 28.3%, to 22.4% in 2026. "Majority of organisati...
Public cloud services market in Asia-Pacific to reach $165.2 bn
Public cloud services market in Asia-Pacific to reach $165.2 bn
Source: IANS
1/10/2022 5:31:44 PM
Industrial IoT spend in discrete manufacturing to hit $89 bn in Asia-Pacific The industrial Internet of Things (IIoT) spending in the discrete manufacturing sector in Asia-Pacific is likely to reach $89 billion by 2025, according to a new report. Discrete manufacturing is the production of distinct items like automobiles, furniture, toys, smartphones and aeroplanes, among others. According to an IDC report, manufacturing is the most common target of infrastructure cybercrime today, accounting for one-third of all assaults. Additionally, the level of competiti...
Industrial IoT spend in discrete manufacturing to hit $89 bn in Asia-Pacific
Industrial IoT spend in discrete manufacturing to hit $89 bn in Asia-Pacific
Source: IANS
14/08/2022 12:11:14 PM