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Carmaker caution drags India's engineering services companies
Global automakers are reprioritizing R&D spends, shifting focus away from new EV and software-defined vehicles platform development toward sustaining existing model portfolios
Pune IT Shocker: 700 Employees Including Software Engineers Left Jobless; CEO Arrested
Affected staff members allege that the IT firm abruptly halted all operations back in April, locking out employees without warning.
Bye Bye Copilot? Microsoft Unveils Its Own Proprietary New AI Models To Reduce Reliance On Open AI
The headline launch was MAI-Thinking-1, Microsoft's first advanced reasoning-focused AI model designed for complex enterprise and software engineering tasks.
NVIDIA salaries revealed: Software engineers can earn up to ₹3.74 crore as AI giant expands H-1B hiring
Nvidia is stepping up H-1B hiring even as rivals scale back. Federal filings reveal salaries for software engineers, AI researchers, product managers and directors, with pay reaching ₹4.67 crore.
'Promise Of AI': Nvidia CEO Sees Tech Jobs Growing; Trashes Mass Unemployment Fears
Nvidia's Jensen Huang said AI is creating, not destroying, software engineering jobs as companies increasingly adopt the technology.
Ather Energy shares can rally till Rs 1,450, says CLSA, citing twin engine
CLSA sees nearly 60% upside in Ather Energy, initiating coverage with an “Outperform” rating and a Rs 1,450 target. The brokerage cites a “twin engine” of cost deflation and premiumisation, strong software-led revenues, and improving unit economics, expecting EBITDA breakeven by FY28 and significant margin expansion through FY31–32.
US-based Intuit inks Rs 915 cr office lease for over 630,000 sq ft in Bengaluru
Financial software firm Intuit has secured a significant office space in Bengaluru. The deal involves over 630,000 square feet across 11 floors. This transaction highlights strong activity in India's office leasing market. Global Capability Centres are expanding their teams for engineering and AI. Intuit's expansion underscores its commitment to its India development centre.
SC refuses to reopen 2021 ruling exempting foreign software payments from royalty tax
The Supreme Court has once again dismissed the income tax department's review petitions concerning the taxation of software payments to non-residents. The court reiterated its March 2021 ruling that such payments are not royalty, as end-user licenses do not transfer copyright. This decision provides significant tax relief for Indian companies acquiring software.
Govt says EU sanctions not recognized in India: Nayara Energy to Delhi High Court
Nayara Energy has escalated its legal battle against SAP India, arguing that the withdrawal of software support due to European Union sanctions leaves India’s energy infrastructure vulnerable to cyberattacks.
Top Gainers & Losers on April 16: GMDC, Netweb Tech, Adani Power, Sonata Software, YES Bank among top gainers - Mint
Top Gainers & Losers on April 16: GMDC, Netweb Tech, Adani Power, Sonata Software, YES Bank among top gainersMint
Top Gainers & Losers on April 16: GMDC, Netweb Tech, Adani Power, Sonata Software, YES Bank among top gainers
On April 16, the Indian stock market closed with modest losses after a recent rally. The Nifty 50 fell 0.18% while the Sensex dropped 0.21%. Broader markets showed gains, indicating a bullish tone, amid improving sentiment from potential US-Iran negotiations.
These stocks have gained up to 10% led by order wins over the weekend
Apart from VA Tech Wabag, Data Patterns and SEAMEC, other companies that have won orders include RailTel, which has won an order worth ₹34 crore from the South Central Railway, Dilip Buildcon has emerged as the lowest bidder for a ₹160 crore EPC road project, and Newgen Software, which has bagged a ₹20.5 crore order form Kuwait.