Wipro announces 5-year digital deal with Swedish automaker Scania

Wipro will deliver support with automation and real-time analytics to create a future-ready workplace for all Scania employees, according to an exchange filing.

from Tech-Economic Times https://ift.tt/syFXIHM

Crypto meltdown deepens as stablecoin Tether drops below dollar peg

Cryptocurrencies have been swept up in a sell-off across higher risk assets, which has picked up steam this week as data showed US inflation running hot, deepening investor fears about the economic impact of aggressive central bank tightening.

from Tech-Economic Times https://ift.tt/8LnySJw

Crypto meltdown deepens as stablecoin Tether drops below dollar peg

Cryptocurrencies have been swept up in a sell-off across higher risk assets, which has picked up steam this week as data showed US inflation running hot, deepening investor fears about the economic impact of aggressive central bank tightening.

from Tech-Economic Times https://ift.tt/ZkM2gi1

SoftBank to slash investments after $26 billion Vision Fund loss: Masayoshi Son

Among Indian listed portfolio companies, SoftBank reported unrealised loss of $600 million as of FY22 from $1.4 billion investment in Paytm

from Tech-Economic Times https://economictimes.indiatimes.com/tech/funding/softbank-to-slash-investments-by-more-than-half-this-year-ceo-masayoshi-son/articleshow/91518596.cms

Demand environment robust; cos looking to accelerate digital transformation: Roshni Nadar

​​North Asia, Central America, Eastern Europe and Africa are newer geographies for the company, Roshni Nadar said, adding "this is where we plan to grow in the future as new frontier countries, in addition to our existing large geographies and markets".

from Tech-Economic Times https://economictimes.indiatimes.com/tech/ettech-briefs/demand-environment-robust-cos-looking-to-accelerate-digital-transformation-roshni-nadar/articleshow/91512619.cms

Uber to focus on daily bus services, partnerships for next 100 million users

“We are investing a lot on technology for safe driving, efficient routing, issuance of monthly ticketing and verification of tickets from India for easier scalability globally,” Manikandan Thangarathnam, senior director at Uber, told ET.

from Tech-Economic Times https://ift.tt/KGNXpJu

Ecommerce enablers emerge as hot picks for investors amid D2C boom

With the pandemic giving a boost to online-first brands, ecommerce software tool providers mopped up close to $496.3 million in equity funding last year, a five-fold jump compared to $94.4 million in 2019, according to data sourced from Tracxn.

from Tech-Economic Times https://ift.tt/YyzBtgZ