Tech

Multi-channel auto platform CarTrade Tech will launch its initial public offering for subscription on Monday, August 9, 2021. The issue will close on August 11. Anchor book, if any, will be opened for a day on August 6, a day before issue opening. The public issue of up to 1,85,32,216 equity shares is a complete offer for sale by existing selling shareholders. The offer for sale consists of a selling of 22,64,334 equity shares by CMDB II, 84,09,364 equity shares by Highdell Investment, 50,76,761 equity shares by MacRitchie Investments Pte Ltd, 17,65,309 equity shares by Springfield Venture International, 1,83,333 equity shares by Bina Vinod Sanghi (jointly held with Vinay Vinod Sanghi), 70,000 equity shares by Daniel Edward Neary, 2,62,519 equity shares by Shree Krishna Trust, 50,546 equity shares by Victor Anthony Perry III, 4,50,050 equity shares by Vinay Vinod Sanghi (jointly held with Seena Vinay Sanghi). The company after consultation with merchant bankers will …

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Anyone who gets a cold call from someone claiming to be from a large IT companies and offering help should hang up immediately. Calls of this nature, often made in English with a heavy accent, are sadly nothing new, but are currently on the rise, according to police reports in Germany. The goal is to trick you into sending money and sharing your data by using a made-up story about your PC being infected with viruses. To gain your trust, the caller will often pretend to be working for Microsoft and ask if your PC has been slow recently - knowing that many users are already frustrated by the speed of their computer. In return for payment, they offer help in removing the pretend malware. The perpetrators then use software and remote access to get onto the victim's computer. There they then help themselves to sensitive login details such as online banking access and credit card information. In such cases, it's always best to hang up the phone immediately and report the number …

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Sometimes the best investment to buy is the proven winner that you already own. They may not be the most exciting stocks anymore, but Visa ( NYSE:V ) , Apple ( NASDAQ:AAPL ) , and Microsoft ( NASDAQ:MSFT ) are still benefiting from massive secular changes in the global economy, and growing at brisk rates. After reporting calendar year 2021 Q2 earnings results, all three still look like great places to invest some money for the long-term. Visa: Back to breaking payment volume records It took a year, but digital payments network leader Visa is back in growth mode. In fact, during its fiscal 2021 third quarter (the three months ended June 30, 2021), Visa reported across-the-board payment volume growth for the first time in the pandemic era (including cross-border payments), and was just a few million dollars away from reaching a new all-time record for total revenue (last reached back in 2019). Period Revenue YoY Change Q3 2021 $6.13 …

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Share to Twitter Share to Linkedin Billionaire Xavier Niel has announced plans to take his Iliad telecom group private in a move that has sent his fortune soaring. Niel, who owns around 70% of Iliad alongside a controlling stake in French newspaper Le Monde, announced on Friday a “simplified public tender” offer for Iliad shares at an offer price of $216 (182 euros) per share, representing a premium of 61% to Thursday’s  closing share. The proposal sent the stock up 61% on the Euronext Paris, boosting Niel’s net worth by $3 billion as of Friday afternoon, to an estimated $10.4 billion. “Iliad is now entering a new phase in its development, requiring rapid changes and major investments which will be easier to undertake as an unlisted company,” Niel said in a statement. “Our ambition for Iliad is to accelerate its growth to make it a leading telecommunications player in Europe.” Niel launched free in 1999, four years after investing in France’s first …

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Share to Twitter Share to Linkedin Topline After breaking a two-month dry spell with a new record high last week, the tech-heavy Nasdaq, which has fallen four days in a row, is once again underperforming the broader market on Thursday as a slew of tech earnings fail to impress Wall Street, scaring off institutional investors while at-home traders double down on the frothy market. Key Facts As of 12 p.m. EDT, the Nasdaq is virtually flat while the Dow Jones Industrial Average jumps 0.6%—above a Wednesday closing high—and the S&P 500 climbs 0.4%. The Nasdaq—helmed by tech heavyweights Apple, Microsoft, Amazon and Teslas—is now down nearly 5% from a closing high last Monday, and it's up just 6% for the year, compared to 12% for the S&P, and 13% for the Dow. Tech-stock prospects in the near term are "very precarious as investors increasingly lose patience following months of sloppy trading and underperformance," says Vital Knowledge Media …

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US tech giant Amazon says that it has deleted more than 200 million fake product reviews from its websites worldwide in the past year as part of efforts to prevent and detect fraud and manipulation. Amazon says that it's also increasingly taking legal action against companies that sell false or fictitious reviews, and is filing dozens of lawsuits in different countries to this end. Considerably more false reviews were deleted in 2020 than just a few years ago, according to Amazon. The Seattle-based company says that it now spends US$700mil a year worldwide on employees and software dedicated to preventing and detecting this type of activity. The tech giant founded by Jeff Bezos by isn't the only company cracking down on fake reviews. Sites that specialize in travel bookings, for example, have had issues with falsified hotel reviews. So does all this mean it's finally safe to trust reviews on Amazon? Not blindly, according to experts. Glowing recommendations for a product or …

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SOACHA, Colombia: When Colombia offered millions of Venezuelans who had fled chaos at home a fresh start and life of legality, the United Nations called the offer “historic” and migrants couldn’t wait to apply. Then reality set it. Without a mobile phone or laptop, no access to Internet and little in the way of digital skills, how were families even to apply for the new status and submit their slew of documents? “It would be amazing to get my papers sorted out and walk around freely without fear of being deported,” said Venezuelan migrant Esneiro Gonzalez. But the landmark gesture announced by Colombia in February has since revealed a deep digital divide that unintentionally excludes many of the very people it set out to help. People like Gonzalez: a 41-year-old electrician and father of two, who fled his homeland four years ago, and has since operated on the margins of life in next-door Colombia. “Being irregular, I can’t get a good job and healthcare in Colombia,” he …

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Regulatory initiatives from the Chinese government are shaking up the country's technology sector. Top companies Alibaba ( NYSE:BABA ) , Tencent , Xiaomi , Meituan , and JD.com saw their combined market capitalizations decline by more than $280 billion in Wednesday's trading session on the Hong Kong Stock Exchange, according to CNBC. On Tuesday, China announced a new set of regulatory guidelines aimed at curbing large internet monopolies. Traders reacted by selling the country's large tech stocks the following day. China has had relatively close relations with many of its tech leaders, but it looks like the country is putting measures in place that could limit growth opportunities for some players in the space. Image source: Getty Images. The sudden shift in the regulatory climate kicked off with the surprise postponement of Ant Group's initial public offering (IPO) earlier this month. Ant Group was scheduled to have its IPO on Nov. 5, but it was suspended …

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Share to Twitter Share to Linkedin Restaurants have notoriously been behind the tech curve–particularly compared to their retail peers. This is no surprise, really. Razor-thin margins will affect priorities in a way that elevates foundational food and service investments over shiny new tech products with relatively unproven returns. COVID-19 shifted these priorities significantly, however. Now, shiny new tech products are table stakes, and returns are quick. In fact, digital sales are now expected to make up more than half of limited-service business by 2025, which is a 70% increase over pre-COVID estimates . That said, since most restaurant companies have never really been built around a tech stack, many are scrambling to catch up and are doing so via acquisitions, partnerships and sexy innovation labs. Consider the past month as an example. Yum Brands YUM , the global giant that franchises KFC, Pizza Hut, Taco Bell and The Habit Burger, has …

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Share to Twitter Share to Linkedin Domino’s Pizza CEO Patrick Doyle has been talking about being a tech company that sells pizzas for years. Some initially balked at this declaration. After all, the purpose of a restaurant brand is to focus on the industry cornerstones: food and service. Domino's CEO Patrick Doyle said the company is investing heavily in driverless delivery tests. Credit: Ford Domino’s, ho wever, remained relentless, forging ahead on innovations and leaving independents and smaller chains in its dust. In its dust they remain, simply unable to keep up with the technology infrastructure Domino’s has amassed. The approach has led to 28 consecutive quarters of positive comparable sales, with the company’s most recent quarter blowing revenue estimates out of the water by $100 million . Not a bad swan song for Doyle, who will retire in June. On Doyle’s watch, the company has served as an industry case study of sorts, …

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