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Infosys management tepid revenues: Higher exposure to digital business led to tepid revenues: Infosys management

Indian IT major Infosys has reasoned higher exposure to digital business as the key reason for the moderate growth in revenue over the nine-month period ending December in the current fiscal year, as per a research note by Nomura Holdings.“Infosys management believes its higher exposure to discretionary work (digital business, which formed ~65% of revenue) has been a key reason behind tepid revenue growth in the current environment,” said a Global Markets Research report on Infosys by Nomura.Elevate Your Tech Prowess with…

How Europe’s Digital Markets Act will rein in Amazon, Google, Apple, M

Europeans scrolling their phones and computers this week will get new choices for default browsers and search engines, where to download iPhone apps and how their personal online data is used.They’re part of changes required under the Digital Markets Act, a set of European Union regulations that six tech companies classed as “gatekeepers”—Amazon, Apple, Google parent Alphabet, Meta, Microsoft, and TikTok owner ByteDance—will have to start following by midnight Wednesday.The DMA is the latest in a series of regulations…

5 reasons why I switched to a digital wallet, and you should too

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Nikon buys Hollywood darling Red, maker of digital cinema cameras

Today Japanese camera behemoth Nikon announced that it's buying Red, maker of a series of Hollywood-beloved digital movie cameras. Red will become a wholly owned subsidiary of Nikon once the deal is finalized. This is a very interesting addition to Nikon's portfolio - for all of its brand recognition and general market share in the consumer and prosumer space, it didn't have anything nearing Red's penetration and prestige in the professional space, especially not for movie shooting. So this will propel Nikon straight…

More fallout from the Digital Markets Act

The European Union’s Digital Markets Act (DMA) limits the power of big platform holders, but it may have also created a new revenue stream (and some drama) for those same big names. Companies luring users outside the Play Store will need to pay Google a cut of in-app purchases and subscriptions. I’m sure everyone will treat this as rationally as when Apple announced it too.At the same time, , concerned the games giant isn’t going to play by its rules. The iPhone maker pointed to tweets made by (Epic CEO) Tim Sweeney,…

5 reasons why GenZ ditched real wallets for digital ones, and why you should too

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Europe’s Digital Markets Act Is Breaking Open the Empires of Big Tech

Citizens of the European Union live in an internet built and ruled by foreign powers. Most people in the EU use an American search engine, shop on an American ecommerce site, thumb American phones, and scroll through American social media feeds.That fact has triggered increasing alarm in the corridors of Brussels, as the EU tries to understand how exactly those companies warp the economy around them. Five years ago, Shoshana Zuboff’s book The Age of Surveillance Capitalism neatly articulated much of lawmakers’ critique of…

Digital Books Shouldn’t Count As Screen Time

Debating Screen Time? Here’s Why Reading Might Tip Your ScalesDigital books will never replace the tactile experience of paper books, but as part of bedtime reading and improving access to reading materials, they shouldn’t be counted as screen timeBy Natalia Kucirkova Credit: MBI/Alamy Stock PhotoParents often wonder whether screen time is ok. A group of researchers are arguing that if it's reading, then it is.This piece is part of Scientific American's column The Science of Parenting. To learn more, go here.I get that…

Digital bank Monzo raises £340M amid UK push to remain fintech leader

Amid tough market conditions, digital bank Monzo has raised £340mn (€409mn) in new funding, reaching a post-money valuation of £4bn (€4.7bn). The round was led by new investor CapitalG, the growth fund of Google’s parent company Alphabet. GV (Google Ventures, Alphabet’s venture capital investment arm) and HongShan Capital (a ChineseVC firm that split from Sequoia Capital last year) also participated, alongside existing investors including Passion Capital and Tencent. Monzo says that the fresh…

Google unveils major changes for Digital Markets Act compliance

Google announced several upcoming changes aimed at ensuring compliance with the European Union’s Digital Markets Act (DMA), which is set to take effect this week. Why we care. New rules coming into effect may impact businesses, particularly with adjustments to Google SERPs potentially leading to reduced traffic for direct suppliers such as hotels and restaurants. However, Google has assured that it collaborated with the European Commission to strike a balance during the implementation of DMA compliance measures.…