Month: September 2020

Tech Craze Helps Indian IPO to Best Debut in Nearly a Year

(Bloomberg) — Happiest Minds Technologies Ltd. more than doubled on the first day of trading after the technology company last week closed one of India’s most successful initial share sales of this decade.

Demand exceeded shares on offer by 151 times as retail investors piled into a company that gets almost all its revenue from digital services. The founder and Chief Executive Officer Ashok Soota’s storied career in the technology industry, including the IPO of Mindtree Ltd., also helped drum up interest for nine-year-old Happiest Minds.

The Bengaluru-based company’s stock began trading at 351 rupees versus an offer price of 166 rupees, and climbed as high as 395 rupees in early trade. The debut is the best since October, when state-owned Indian Railway Catering & Tourism Corp. surged 127% on listing.

Key Insights

Happiest Minds gets 97% of its sales from digital services including cloud computing, infrastructure, networking, data analytics,

Read More

Mozilla wants to understand your weird YouTube recommendations

From cute cat videos to sourdough bread recipes: sometimes, it feels like the algorithm behind YouTube’s “Up Next” section knows the user better than the user knows themselves.

Often, that same algorithm leads the viewer down a rabbit hole. How many times have you spent countless hours clicking through the next suggested video, each time promising yourself that this one would be the last one?

The scenario gets thorny when the system somehow steers the user towards conspiracy theory videos and other forms of extreme content, as some have complained.

SEE: Managing AI and ML in the enterprise 2020: Tech leaders increase project development and implementation (TechRepublic Premium)

To get an idea of how often this happens and how, the non-profit Mozilla Foundation has launched a new browser extension that lets users take action when they are recommended videos on YouTube that they then wish they hadn’t ended up watching.

Read More

Global Public Health Partnering Deal Trends, Players and Financials Analysis 2010-2020

The “Global Public Health Partnering 2010-2020: Deal Trends, Players and Financials” report has been added to ResearchAndMarkets.com’s offering.

Global Public Health Partnering 2010 to 2020 provides the full collection of Public Health disease deals signed between the world’s pharmaceutical and biotechnology companies since 2010.

Most of the deals included within the report occur when a licensee obtains a right or an option right to license a licensor’s product or technology. More often these days these deals tend to be multi-component including both a collaborative R&D and a commercialization of outcomes element.

The report takes readers through the comprehensive Public Health disease deal trends, key players and top deal values allowing the understanding of how, why and under what terms companies are currently entering Public Health deals.

The report presents financial deal terms values for Public Health deals, where available listing by overall headline values, upfront payments, milestones and royalties enabling

Read More

Overcoming Digitization Challenges In The Oil And Gas Industry

Founder and CEO of FortySeven Software Professionals, with over a decade of experience advising F500 companies and growth-stage startups.

We are in the middle of the digital transformation process in each industry and sphere of our lives. Companies are adapting to stay ahead of the competition in this fast-paced competitive industrial market.

This includes the oil and gas industry. Among changes that have been adopted by companies in this field include transformative strategies, digitized processes, energy trade and risk management (ETRM), customer relationship management (CRM), enterprise resource planning (ERP), document management systems (DMS) and the digitization of legacy systems. But in my opinion, the most impressive leap took place in implementing machine learning (ML). ML is part of the well-known artificial intelligence (AI) sector, and it aims to develop methods for extracting patterns and knowledge from huge amounts of data.

Nowadays, we can see all the changes provided

Read More

Nasdaq futures rise as tech selloff calms

By Shreyashi Sanyal and Devik Jain



FILE PHOTO: A worker cleans the floor of the New York Stock Exchange (NYSE)


© Reuters/Lucas Jackson
FILE PHOTO: A worker cleans the floor of the New York Stock Exchange (NYSE)

(Reuters) – Futures tracking the Nasdaq 100 index rose on Friday as a two-day selloff in technology-related stocks halted, while worries about rising coronavirus cases and a patchy economic recovery weighed on S&P 500 and Dow futures.

Loading...

Load Error

Wall Street’s three main indexes bounced earlier this week as investors bet on a loose monetary policy by the Federal Reserve, but gains petered out in the absence of firm details on the central bank’s stimulus plan.

The S&P 500 <.spx> and the Nasdaq <.ixic> have also come under pressure from investors rotating out of high-flying tech-related stocks and into industrial and transportation firms.

But premarket gains on Friday were led by Apple Inc , Alphabet Inc , Amazon.com Inc , Microsoft Corp , Facebook and Tesla Inc , which

Read More

The hot tech IPOs just keep coming

Snowflake isn’t the only buzzy upstart to cash in on investors’ enthusiasm for new software companies.



SHANGHAI, CHINA - AUGUST 01: A worker installs Unity logo at Unity Technologies booth one day before the China Digital Entertainment Expo & Conference (ChinaJoy) at Shanghai New International Expo Center on August 1, 2019 in Shanghai, China. ChinaJoy 2019 will be held on August 2-5 in Shanghai. (Photo by Visual China Group via Getty Images/Visual China Group via Getty Images)


© Visual China Group/Getty Images
SHANGHAI, CHINA – AUGUST 01: A worker installs Unity logo at Unity Technologies booth one day before the China Digital Entertainment Expo & Conference (ChinaJoy) at Shanghai New International Expo Center on August 1, 2019 in Shanghai, China. ChinaJoy 2019 will be held on August 2-5 in Shanghai. (Photo by Visual China Group via Getty Images/Visual China Group via Getty Images)

The latest: Unity Software, which makes programs for video game designers, priced its IPO at $52 per share on Thursday. The public offering will raise at least $1.3 billion. Just last week, the company said it expected to price shares between $34 and $42.

Loading...

Load Error

The stock is due to start trading Friday on the New York Stock Exchange under the ticker symbol “U.”

Big picture: Snowflake

Read More

Facebook Moves To Cool Hot Talk On Worker Message Board

Facebook on Thursday said it is updating workplace policy to prevent clashes over politics, racial justice or the pandemic on its internal employee message board.

Chief executive Mark Zuckerberg discussed the move during a question-and-answer session with employees.

“What we’ve heard from our employees is that they want the option to join debates on social and political issues rather than see them unexpectedly in their work feed,” Facebook spokesman Joe Osborne said in response to an AFP inquiry.

“We’re updating our employee policies and work tools to ensure our culture remains respectful and inclusive.”

Facebook is strengthening its harassment policy so that employees from under-represented communities don’t face hostile work environments, according to Osborne.

The Silicon Valley-based internet titan said will also make it clearer which parts of its Workplace internal message board is for discussing contentious political or social issues, and carefully moderate those conversations.

Facebook’s role in the

Read More

Billionaire Twitter CEO Jack Dorsey Reveals Why Bitcoin Is ‘The Best’ Internet Currency

Bitcoin and cryptocurrencies have exploded back into the limelight in recent months, given a boost by the Federal Reserve’s coronavirus pandemic response.

The bitcoin price, after crashing in March along with most other assets, quickly bounced back—but has recently fallen again, inline with technology stocks.

Now, billionaire boss of both micro-blogging platform Twitter and payments company Square
SQ
, Jack Dorsey, has said bitcoin is “probably the best” native currency of the internet due to bitcoin being “consensus-driven” and “built by everyone.”

MORE FROM FORBESEthereum Is Eating Bitcoin

“The internet is something that is consensus-driven and is built by everyone, and anyone can change the course of it. Bitcoin has the same patterns, it was built on the internet,” Dorsey

Read More

Here’s Where We’ve Gone in Two Weeks: Not Far

We had two big down days back in early September. I know, it feels like we’ve had nothing, but down for the last three weeks, but that’s not the reality. The reality is we had two, OK, three down days and ever since then we’ve been in a trading range.

The S&P fell 200 points in that first week of September, about 7%, and hasn’t done a thing since. It has bounced between support around 3300 and resistance around 3425. That’s it, a 100-point trading range.

I am sure you will say, big cap tech has been much worse. Has it? The Invesco QQQs (QQQ) fell in that first week of September, as well. They have fallen about 10%. But look at this chart: It has been in a 25 point trading range for the last two weeks.

In that time we have seen some improvement in breadth, something that

Read More

Satellite Hacker Saeed Pourkarim Arabi Accidentally Put Iranian Revolutionary Guard Ties on Resume, Feds Say

If you’re trying to work for a secret Iranian hacking unit, you should probably not put that on your resume. Saeed Pourkarim Arabi allegedly skipped that step and it helped land him in the crosshairs of the FBI.

Prosecutors charged Arabi on Thursday, along with two other Iranian men, Mohammad Reza Espargham and Moahmmad Bayati, with breaking into satellite companies on behalf of the Islamic Revolutionary Guard Corps (IRGC), part of an FBI investigation first reported on by The Daily Beast. 

The conspiracy was allegedly orchestrated by Arabi, who prosecutors described as “a member of the IRGC, living in IRGC housing, working in intelligence regarding IRGC air, space and cyber operations.”

In the summer of 2017, an anonymous tipster who ran a satellite tracking site and an unnamed satellite company both contacted the FBI about a suspicious spear-phishing email that tried to trick users into clicking on a malicious link.

Read More