Tech

HCL Technologies on Monday announced a special one-time bonus worth over Rs 700 crore for its employees, as the IT giant marked USD 10 billion (about Rs 72,800 crore) revenue milestone. The special bonus will be paid to employees in February 2021, amounting to nearly USD 90 million plus payroll taxes in some countries, the impact of which is excluded from FY21 EBIT (earnings before interest and taxes) guidance provided by the company last month, HCL Tech said in a statement. HCL Technologies said it is "issuing a one-time special bonus to employees around the world" worth over Rs 700 crore in recognition of its recent milestone of crossing the USD 10 billion mark in revenue for 2020. "In celebration and gratitude all employees with one year of service or greater will receive a bonus, the equivalent of ten days' salary," the statement said. Despite an unrelenting pandemic, each and every member of HCL family demonstrated strong commitment and passion, contributing to the growth of … [Read more...] about HCL Tech declares one-time bonus worth over Rs 700 crore for staff

LONDON: Slow internet and 'rush hour' - the peak time when data speeds drop by up to 30% - could soon be history, thanks to scientists who have developed new hardware that consistently provides high-speed broadband connectivity . The new technology enables dedicated data rates at more than 10,000 megabits-per-second (Mb/s) for a truly super-fast, yet low-cost, broadband connection, researchers said. "By 2025, average speeds over 100 times faster will be required to meet increased demands for bandwidth-hungry applications such as ultra-high definition video, online gaming, and the Internet of Things," said Sezer Erkilinc , from University College London in the UK. "The future growth in the number of mobile devices, coupled with the promise of 5G to enable new services via smart devices, means we are likely to experience bandwidth restrictions; our new optical receiver technology will help combat this problem," said Erkilinc, lead researcher of the study published in Nature … [Read more...] about New tech to boost internet speed

NEW DELHI: Myntra .com, the country's largest online fashion retailer, is in talks with global companies to acquire three dimensional, or 3D, technologies in an attempt to offer better visualisation to customers on its mobile app and website. A top executive at the Bengaluru-based e-tailer said it is looking for 3D visualization and print technologies that will help enhance the experience of its customers on its mobile app as well as help the company speed up its private label offerings. "Finally, the customer is only seeing (merely on mobile or on website) the product and not touching and feeling. So, if you have a 3D view of the product, it will help customers understand the product better, resulting in faster decision-making," said Ganesh Subramanian, head of new initiatives at Myntra. Such technologies can also come in handy for production of fashion and accessories. Subramanian said it generally takes weeks for any fashion idea to reach the production stage — … [Read more...] about Myntra seeks 3D tech to boost user experience

India's largest software services firm Tata Consultancy Services (TCS) on Wednesday said it will recruit 1,500 technology employees across the UK over the next year. The announcement followed Monday's meeting in Mumbai between visiting UK Trade Secretary Liz Truss and TCS CEO Rajesh Gopinathan . During the meeting, the two sides discussed TCS' commitment to continue investing in the UK economy, innovation, technology sector, and in developing workforce skills. The latest announcement builds on TCS' 45-year history in the UK. "By partnering with some of the UK's largest corporations in their growth and transformation initiatives and helping them harness the power of emerging technologies to launch new innovative products and services, TCS has been an integral part of the UK economy's initiatives to remain globally competitive," TCS said in a statement. The Mumbai-headquartered company has grown its business in the UK almost four-fold over the last decade entirely … [Read more...] about TCS to recruit 1,500 tech staff in UK

AMSTERDAM: Daimler 's new Mercedes A-Class , unveiled on Friday, includes the German automaker's own machine-learning and voice recognition technology in one of the industry's boldest attempts so far to take on Silicon Valley 's finest. The Mercedes "MBUX" dashboard system to be rolled out across the lineup is about as capable at understanding what you say - and more importantly what you mean - as Amazon's Alexa, Apple's Siri or Alphabet's Google Assistant. Its debut comes as carmakers are embroiled in a tech arms race, raising questions about the ultimate profitability of new services that often duplicate those available on smartphones. Daimler itself warned on Thursday that 2018 profit growth would be dampened by technology investment. Carmakers, especially premium manufacturers, are resisting the encroachment of tech giants on several fronts including autonomous driving and connected services - whose commercial potential multiplies with voice recognition and … [Read more...] about Daimler takes on Silicon Valley with hi-tech A-Class