SOFTWARE DEVELOPERS
Canva is leveraging its Facebook India communities to build deeper inroads
India is Canva’s fifth-largest market with around 139 million presentations created in the last one year and tools like the photo background remover being one of the most popularly used tools. Social media templates for Instagram are among the most popular in India for Canva.
AI software firm Thesys raises $4 million from Together Fund
Founded in 2024 by Guha and Parikshit Deshmukh, Thesys helps product owners and designers simplify the process of creating AI agents. It provides tools for designing, visualising and prototyping AI applications, making it easier to plan and test these agents before building them. It is currently collaborating with 12 companies.
Stocks in news: Tata Steel, M&M, Trent, Blue Star, Hindalco
Shares of steel major Tata Steel Ltd will be in focus today after the company turned to black in the quarter ended September 2024. The company had posted a loss in the last year period.
‘India tech talent powering SAP’s foundational AI model for business’
In an exclusive interview with ET, the 43-year-old CEO said that SAP is building sovereign AI capabilities in India given its huge exposure to government and critical sectors in the country. He also pointed to the huge AI talent pool here and said several products including SAP’s proprietary large language model are being built in India.
Who is Rishit Jhunjhunwala, the new Truecaller CEO
Truecaller has promoted its current chief product officer, Rishit Jhunjhunwala, to the position of CEO. Jhunjhunwala will assume the role on January 9th, succeeding Alan Mamedi. Mamedi and co-founder Nami Zarringhalam will transition to board and advisory roles, focusing on long-term strategy until June 2025.
SaaS major Salesforce India hits $1 billion milestone, expands AI-driven growth
There are over 2 million Salesforce developers in India, making it the second-largest community on the Salesforce platform outside of the US. It has about 13,000 employees in India, having added 3,000 over the past year.
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Mid-cap stocks: Volatility is for all, opportunity in a few – with patience to digest a decline. 5 mid-cap stocks with upside potential of up to 33%
Will mid-cap stocks see more decline? It is a high-probability scenario. But, in the current market, that could happen to small- and large-cap stocks as well. What matters to the street are valuations, quality of businesses, and individual managements. So, over the long term, it would pay to be bullish. Just remember three things: Be ready for some decline in the days to come over certain global issues; be more selective and cautious when picking stocks; and stagger out your buying.
ADDA to invest Rs 15 crore on India biz expansion to meet demand for society management software
Established in 2009, ADDA has clients in over 10 countries, including India, the US, the Middle East and Singapore. In India, ADDA has clients in around 80 cities. Its total client base in India exceeds 3,500 Communities.
Jobs at risk? Sundar Pichai's comment raises alarm for software engineers
A recent remark by Google CEO Sundar Pichai on new code and Artificial intelligence (AI) has been sparked speculation about threats coders face. Sundar Pichai said Google's long term focus and investment in AI are paying off and driving success for the company and its customers. Nowadays, most tech companies are using AI to ease the process and increase efficiency but it also poses a threat to human jobs. Pichai in a recent earnings call highlighted AI's crucial role in the company's growth strategy.
GitHub’s India developers rise 28% to 17 million
India will surpass the US to become the world’s largest developer community by 2028, from earlier forecast of 2027.
PE Fund Multiples looks to sell HR Co PeopleStrong at Rs 1,500 crore valuation
Renuka Ramnath-led Multiples Alternate Asset Management plans to sell its majority stake in HR platform PeopleStrong, valued at ₹1,300-₹1,500 crore, engaging IndigoEdge for the sale. PeopleStrong serves over 500 enterprises in Asia with its cloud-based HR software.
India right place for software defined vehicles, says PTC top official
PTC CEO Neil Barua emphasizes the importance of India in the global market despite current setbacks in the automotive industry. Barua highlights PTC's focus on software-defined vehicles and its collaborations with Indian firms like Tata Motors. He underscores India's openness to global partnerships and GCCs as key advantages, alongside strategic investments in aerospace and defense sectors.
IT stocks: From being contrarian trade to the next possible theme of the street? 7 IT stocks with an upside potential of up to 37%
October has seen the highest ever selling by FIIs in a single month. Now which are the sectors where FII own most stakes? Financial services (including banks), the IT sector, and a few large manufacturing companies. In this phase of selling, it is IT stocks which have seen less selling and least damage. The question is: Why has a sector that has been underperforming for the last three years and is over-owned by FIIs not seen much decline in the current brutal selling? Is this an indication that, after a three-year hiatus, the worst has been priced in?
Anthropic releases AI to automate mouse clicks for coders
The new "computer use" feature can tell AI "where to move the mouse, where to click, what to type, in order to do quite complicated tasks," Anthropic's chief science officer Jared Kaplan said in an interview. The capability is tailored to software developers and represents a move toward AI agents, programs that require little human intervention to carry out multi-step actions.
AI firm Budy bags $4.2 million in funding round led by RTP Global
The funds will be used to accelerate the training and development of the artificial intelligence (AI) skills of the company founded by robotics firm GreyOrange cofounder Samay Kohli. “Budy is an AI agent. We are trying to give it more and more capabilities to use different sales and marketing software packages,” Kohli told ET.
Zerodha launches $1-million annual fund to support open source software projects
Zerodha plans to invest between $10,000 and $100,000 in individual projects, with a total commitment of $1 million per year.
Tata Tech MD: JV with BMW to prompt other global automakers to partner India companies
Tata Technologies' JV with BMW Group is likely to spark interest among global automakers to partner with Indian firms due to their capability in proprietary technology. The BMW TechWorks India JV will focus on automotive digital experiences and AI applications, employing hundreds by 2025.
Techie fined Rs 4 lakh for sick leaves after HR exposes forged documents
A 37-year-old software developer, Su Qin, has been fined S$5,000 (approximately Rs 3.26 lakh) by a Singapore court for forging a medical certificate to take nine days of sick leave. Su altered a legitimate document using Photoshop, changing the hospital's name and hospitalization dates to justify her absence from work. Her deception was uncovered by the HR department during her resignation process when a broken QR code on the certificate raised suspicions.
What to do after BTech? Check out these career paths
BTech is a popular course among Indian students aiming for careers in engineering and technology. This 4-year degree offers specialisations in various disciplines, including mechanical, civil, electronics, and computer science. Graduates can pursue core engineering jobs, software development roles, higher education, or civil services.
Minister hints at imminent hike in milk prices in Karnataka
Karnataka Cooperation Minister K N Rajanna has indicated a potential increase in milk prices, citing that the state procures and sells milk at lower rates compared to others. A meeting will be held soon to decide on this matter, aiming to benefit farmers by adjusting procurement and selling prices.
Karma hits back at job interview: IITian shares story of techie facing the woman he had insulted
Pranav Mehta, an ex-Microsoft employee, shared a story about a college student who insulted a woman on LinkedIn. Despite his behavior, he secured a referral and faced the same woman as his interviewer.
Supercoder to create 3,000 remote jobs for Indian developers by 2025
Developers who enroll with Supercoder gain access to a plethora of benefits, including 82% long-term full-time jobs and 18% short-term or part-time opportunities
ET World Leaders Forum: Startups, AI to fuel new economic boom for India, says GitHub's Thomas Dohmke
India is expected to surpass the US in the number of software developers by 2027, driven by its growing IT services sector, expanding startup ecosystem, and advancements in artificial intelligence, according to Thomas Dohmke, CEO of GitHub. India currently ranks second with 15.4 million developers, and its rapid growth is attributed to its vibrant open-source software community and innovative startups.
Gemini code assist to supercharge developer productivity: Monroy
Gabe Monroy, who was in Bengaluru recently for Google's Gen AI Exchange: Developer Day, did not disclose the scale of adoption for Gemini Code Assist, but said they are seeing 30-50% in productivity gains. The areas that could be the most impacted include code generation and test automation, he added.
India to turn largest hub of software developers by 2027: Thomas Dohmke, CEO, GitHub
"Developers drive GDP growth and technological progress to the tune of trillions of US dollars. And the opportunity goes further because software developers are adopting AI faster than any other sector of the global workforce," Thomas Dohmke said.
ET World Leaders Forum | GitHub CEO envisions India as AI powerhouse
Speaking at The Economic Times World Leaders Forum, Dohmke highlighted the country’s potential to become a major hub for artificial intelligence (AI). "What if AI isn’t just for tech experts but for everyone?" Dohmke asked. "Every company should become an AI company."
SaaS unicorn Browserstack acquires Berlin-based startup Bird Eats Bug
Browserstack has committed a mix of cash, stock and future investment for the $20-million acquisition. Along with this deal, the Accel-backed mobile and web software testing platform also rolled out the manual testing tool Bug Capture, which it claims lets users debug issues 30% faster on average.
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