Apr 20, 2018 - Cyient Q4 net up 16.2% to Rs 121.5 cr

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk

Robots can build IKEA chairs now! - Quartz
After years of failed attempts, a research team in Singapore has successfully taught a pair of robots to do something that many humans still can't: build an IKEA chair. The wooden Stefan chair is not the world's first piece of AI-assembled flatpack furniture: Robots at MIT built a simple Lack table in 2013. A chair is more complicated. And while a robot can be programmed to do a single assembly-line task efficiently, mastering all of the small tasks that IKEA assembly requires is a bigger challenge. Some of the same things humans struggle with, like fiddling with bags of screws, dowels, and doodads while trying to distinguish the slight variations in shape, are also difficult for robots. Researchers at Singapore's Nanyang Technological University spent three years programming robots to accomplish the specific tasks necessary to build this particular chair. The next stage will be expanding the machines' intelligence to be able to assemble a chair just by looking at a photograph of the final product Read more

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Sandra Wijnberg joins Cognizant Board as director

Cognizant Technology Solutions  announced today that Sandra Wijnberg has been appointed to its Board as a new independent director, effective from July 16. Wijnberg, 62, acted as an Executive Advisor

Hiranandani to invest ₹15,000 crore to develop data centre parks

Launches Yotta, Promises to make data centre offerings 20% cheaper

Ahmedabad startup launches video streaming platform for vernacular content

Ahmedabad-based vernacular content start-up, Matrubharti on Thursday announced launching of vernacular video streaming platform, Matrubharti Vishesh. This brings a diversification for the start-up, wh

India server market revenue falls 16.2% to $298 mn in Q1: IDC

The overall Indian server market witnessed a year-over-year (YoY) 16.2 per cent fall in revenue terms to $298 million in the first quarter of the calendar year 2019. The segment had recorded $355.8 mi

WNS’ Q1 net up 23.2% to $27.6 m

WNS has posted a net profit of $27.6 million for the first quarter ended June 30, a 23.21 per cent rise from $22.4 million recorded for the same period a year ago. In the sequential fourth quarter, th

Dell closing in on $3-b revenue in India: CFO

Since going public for the second time in December, Dell Technologies is seeing a healthy growth in margins. However, even as the global economic environment continues to be uncertain, India is turnin

Cyient’s revenue declines, PAT up 6% in June quarter

Cyient Limited, formerly Infotech Enterprises, has registered a decline in its consolidated revenues in the first quarter ended June 30, 2019. The firm said its revenue for the quarter at $156.6 milli

Karnataka is the most digitised State: Razorpay report

In the April-June quarter, TN ranked fourth; Bengaluru tops the list of cities

IT sector hiring up in first quarter

TCS’ net hire was highest in last 5 years, Wipro’s thrice that of previous Q1

Wipro rises after announcing higher profit, analysts unimpressed

Wipro shares were up 2.4 per cent at Rs 265.85 following the Q1 results. Wipro’s profit rose 13 per cent due to robust demand from financial clients and the company said its main information technolog

To be a successful entrepreneur, one must be a good storyteller: Exfinity Venture Partners chief V Balakrishnan

V Balakrishnan, Chairman of Exfinity Venture Partners, reveals why startups were always going to be the next big thing out of India, why their VC firm decided to focus only on B2B startups, and why domestic investors made the cut instead of foreign capital.

Wipro offers Rs 1 lakh retention bonus to freshers, junior employees amid high attrition rate

Wipro's rival, Infosys also witnessed strong attrition at 23.4 per cent during March quarter. Among these top IT firms of the country, TCS has least attrition rate at 11.5 per cent.

We have done right investments for sustained growth, says Infosys CEO

The clients are positive with us and we have seen some level of stability. So, from a business perspective, we feel comfortable where we are going and first-quarter growth is testimony to that

Bengaluru tops list of most digitised cities, accounts for highest card payments

Bengaluru has topped the list of "most digitised cities" accounting for highest card payments in a study conducted by payments solution company Razorpay.

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