Technology

Amid the growing fears of slowdown and global recession, the Union Budget is growth-oriented, boosting allocations across sectors, according to IT industry body Nasscom. The budget offers a playing ground for the startup community as well,…

Shares of Meta Platforms Inc soared nearly 20% in premarket trading on Thursday as the Facebook parent wooed investors with plans to rein on costs and a new $40 billion share buyback.Meta plans to cut costs in 2023 by $5 billion to between…

The Finance Bill, 2023 has proposed bringing non-resident investors in unlisted companies under the ambit of Section 56 (2) (viib) of the Income Tax Act, also known as the ‘angel tax’.This means privately held companies such as startups…

Foxconn and Vedanta are close to inducting European chipmaker STMicroelectronics as the technology partner in their proposed semiconductor chip manufacturing unit in India, people aware of the development said.Foxconn will continue to be…

Indian startups’ popular deal structures and valuation approaches could take a hit after the central government extended angel tax provisions to foreign investors. It may lead to potential litigation between startups raising capital and the…

The centre may soon notify a policy permitting countries and corporations to set up “data embassies” within India that will offer “diplomatic immunity” from local regulations for national as well as commercial digital data, top lawmakers…

DigiLocker, which has been provided a huge push in the Union Budget announced on Wednesday, is expecting to soon have another major use case by becoming a repository for digital health documents making it convenient for individuals,…

Apple chief executive officer Tim Cook on Friday said the iPhone maker has achieved an all-time high revenue in India in the December quarter with sales growth coming from every product segment making the company bullish about expansion in…

Meta Platforms Inc shares rose nearly 20% in premarket trade after the Facebook owner floored Wall Street by slashing its spending forecast and boosting its stock buyback plan by $40 billion.The company was set to add around $75 billion to…

Google’s parent company Alphabet reported lower-than-expected quarterly revenue as the ongoing economic slowdown has affected the company’s digital ad business.Revenue from Google advertising, which includes Search and YouTube, fell to…