Day: October 7, 2020

07
Oct
2020
Posted in technology

IT Giant TCS Surges to Record After Unveiling $2 Billion Buyback

(Bloomberg) —

Tata Consultancy Services Ltd. surged to a record high after the Indian giant announced a share buyback of as much as 160 billion rupees ($2.2 billion) and said technology spending was recovering faster than anticipated.

Asia’s largest software outsourcing provider reported a larger-than-expected 7% fall in net income to 74.7 billion rupees in the September quarter. But Chief Executive Officer Rajesh Gopinathan said IT budgets were bouncing back and growth should accelerate as clients spend on digital services such as cloud migration, security and work tools to trim costs and adjust to a post-pandemic environment.



a man wearing a suit and tie: Tata Consultancy Services CEO Rajesh Gopinathan Presents First Earnings Since Mistry Court Ruling


© Bloomberg
Tata Consultancy Services CEO Rajesh Gopinathan Presents First Earnings Since Mistry Court Ruling

Like Infosys Ltd. and Wipro Ltd., TCS is struggling to serve global financial services giants and corporate clients after a nationwide lockdown forced hundreds of thousands of their employees to work from home. But spending is loosening as lockdowns ease globally and their customers build out their digital infrastructure. TCS’s shares gained as much as 5.2% Thursday, becoming the best performer on the benchmark Sensex, after brokerages including Dalal & Broacha and IDBI Capital raised their recommendations on the stock.

Loading...

Load Error

“The recovery is happening a quarter earlier than we expected, it is sustainable and has strong legs,” Gopinathan said during a post-earnings briefing. “But we are not fully out of the woods and need to be careful on the economic and health fronts.”

TCS Earnings Signal More Upside for India’s IT Names: Analysts

What Bloomberg Intelligence Says

Tata Consultancy Services is poised to see growth recover over the next 2-3 quarters as discretionary IT spending rebounds, especially among banking clients. A boost in spending on digital transformations and a need to save more on their total IT costs will be the main drivers. Tata’s unique culture,

07
Oct
2020
Posted in technology

Meet The ‘Netflix Of Gaming’ That Offers 70+ Games To Indians


6 min read


You’re reading Entrepreneur India, an international franchise of Entrepreneur Media.

When the government announced a countrywide lockdown in March, the online gaming industry was one of the few online services to benefit from people staying at home. As a result, investor’s interest in the segment has also grown manifold with them pumping funds to tap into the opportunity.

One such online gaming company is Delhi-based WinZO, which recently raised USD 18 million in Series B funding round led by Singapore-based Makers Fund and New York’s Courtside Ventures.

However, one big hurdle for gaming companies in India is to generate revenue as data shows that most Indians opt for free online games. This is considered to be a major reason behind the slow growth of Indian gaming industry and for Indian developers to have been reduced to meagre back offices for international brands.

But, as Saumya Singh Rathore, co-founder, WinZO Games will tell you, the company seemed to have cracked this code as it has been witnessing significant growth both in terms of users and revenue. 

In an interaction with Entrepreneur India, Rathore talks about her as well as her company’s journey and its future plans.

From Trivia To Full Fledged Social Gaming Platform

Before starting WinZO Games, Rathore has held a long, successful corporate career working with the likes of KPMG and Times Group. In the later part of her career, she along with Pavaan Nanda, who is co-founder and chief executive officer of WinZO Games worked at ZO Rooms and Zostel, Tiger Global backed hospitality ventures.

                                                        

                                                             Paavan Nanda, CEO and co-founder, WinZO Games

After ZO Rooms’ acquisition by OYO, Rathore and Nanda decided to take the entrepreneurial plunge and tap into the huge opportunity that the combination of the internet economy and country’s

07
Oct
2020
Posted in technology

Black Ops Cold War’ Major PC-Exclusive Feature Confirmed Arriving To Consoles

KEY POINTS

  • “Call of Duty: Black Ops Cold War” arrives on November 13
  • The game is playable on PC, Xbox One, PS4, Xbox Series X and PS5
  • Treyarch recently confirmed that a previous PC-exclusive feature is available in the game’s console versions

“Call of Duty: Black Ops Cold War” players should be delighted following the game developer’s confirmation that a massive feature is finally arriving in the game’s console versions.

Earlier today, Treyarch announced on its official Twitter account that the Field of View slider would be available in all “Call of Duty: Black Ops Cold War” platforms. With this feature, players would be able to adjust the width and height of what they could see in the shooter game. More visibility would be available for players using a monitor or television for the screen.

However, Treyarch warned “Call of Duty: Black Ops Cold War” players that using a larger FOV could result in lower framerate and graphical issues. Unfortunately, the game developer did not reveal how drastic or non-drastic this drop may be. The FOV feature is one of the major features that console players have long been asking from Activision, but it has remained a PC-exclusive feature-until now.

While some “Call of Duty: Black Ops Cold War” players would consider this as a small tweak, it makes a whole lot of difference in a first-person shooter title with potential opponents dispersed across the map that players need to find and eliminate before they get themselves killed. Moreover, the FOV feature would help even the playing field in multiplayer matches.

The new FOV feature of “Call of Duty: Black Ops Cold War” could be found under

07
Oct
2020
Posted in technology

U.S. House Antitrust Chairman Calls Unwinding Facebook’s Instagram Buy ‘The Right Answer’ | Technology News

WASHINGTON (Reuters) – U.S. Representative David Cicilline, the chairman of the House Judiciary Committee’s antitrust subcommittee, said on Wednesday he would be “comfortable with unwinding” Facebook Inc’s acquisition of Instagram.

The antitrust subcommittee on Tuesday released a report on Big Tech’s abuses of market power but stopped short of naming specific companies or acquisitions that must be broken up.

Cicilline, a Democrat from Rhode Island, told Reuters in an interview that Facebook should not have been allowed to buy Instagram, a deal that the Federal Trade Commission approved in 2012.

“I would be comfortable with unwinding that. I think that’s the right answer,” he said.

Facebook did not immediately respond to a request for comment. It has said previously that Instagram was insignificant at the time it was purchased and that Facebook built it into the success it has become.

Any effort to unwind the deal would entail the government filing a lawsuit and asking a judge to order the divestiture.

The congressional report released on Tuesday said that Instagram was small at the time it was purchased, but that Facebook CEO Mark Zuckerberg saw its potential and noted it was “building networks that are competitive with our own” and “could be very disruptive to us.”

According to the House panel’s report on Tuesday, the committee received an email from an unnamed former Instagram employee on Sunday that disputed Facebook’s contention that the two apps could not easily be separated.

“They can just roll back the changes they’ve been making over the past year and you’d have two different apps again,” the person wrote. “It’s turning something on and off.”

(Reporting by Nandita Bose and Diane Bartz in Washington; Editing by Chris Reese and Matthew Lewis)

Copyright 2020 Thomson Reuters.

Source Article

07
Oct
2020
Posted in technology

Concorde Replacement Edges Closer With Boom’s XB-1 Unveiling

Boom Supersonic has taken a big step toward putting a Concorde-like supersonic passenger plane into commercial service with the unveiling of a prototype.

Colorado-based Boom pulled the wraps off the sleek-looking aircraft at a special event at Centennial Airport in Denver on Wednesday, October 7.

Officially known as the XB-1 but nicknamed the Baby Boom, the jet is 21.6 meters long with a 6.4-meter wingspan, making it a third of the size of the planned Overture aircraft that the company is planning to build.

Featuring a carbon-composite airframe and powered by three General Electric-designed J85-15 engines, the XB-1 is expected to take its first flight in 2021 in tests that will help Boom refine the design of Overture.

The XB-1 only has space for the pilot, but Overture will seat up to 75 passengers while flying at speeds of Mach-2.2 — almost 1,700 mph, or more than twice the speed of sound.

Boom Supersonic’s XB-1 prototype. Boom Supersonic

Despite the current pressures on the airline industry caused by the coronavirus pandemic, around 30 pre-orders for Overture have already been made by airlines around the world.

If Boom can overcome the various financial and technical challenges to realize its dream and meet its target date of 2030 for commercial services, passengers will be able to fly from New York to London in a mere 3 hours and 30 minutes, three hours faster than current services. Seattle to Tokyo would take just 4 hours and 30 minutes instead of 8 hours and 30 minutes, while L.A. to Sydney would take only 8 hours and 30 minutes, six hours faster than it takes today.

How Overture could look in the sky. Boom Supersonic

As for how much you’ll have to pay for your speedy international flight, Boom says that although airlines will of