Tech Market

Tech startup FreightBro’s target: Revolutionising the trillion-dollar international freight industry

FreightBro leverages technology to enable freight forwarders to make data-driven decisions, predict changes in the market and provide better value to shippers. The bustling industrial centre of Oragadam, Chennai, houses hundreds of SMBs exporting automotive parts to Turkey, South Africa, South Korea and Europe. But their precision is plagued by transport inefficiencies and port documentation delays. The $200 billion logistics ... Read More »

IBM Develops Tape Cartridge That Stores 330TB of Uncompressed Data in the Palm of Your Hand

HIGHLIGHTS The tape comes with a recording density of 201GB per inch IBM worked with Sony Storage Solutions for the tape The tape has been developed over years In an interesting development, scientists at IBM have managed to develop a prototype magnetic tape drive that fits in the palm of your hand and can store a whopping 330TB of uncompressed ... Read More »

Tech stocks send another bearish warning of bigger market sell-off, even with Apple at highs

Nasdaq and technology stocks are sending up warning flares that the broader market may be getting ready for a late-summer sell-off. The Dow surged above 22,000 for the first time ever Wednesday, and the S&P 500 and Nasdaq also rode higher after Apple’s strong earnings cast a positive glow across the market. But those gains evaporated and the Dow was just slightly higher for most ... Read More »

Dow logs record, but tech slump caps gains for broader market

The Dow industrials finished at an all-time high on Monday, but the broader market’s gains were hobbled by losses in the technology sector. The Dow Jones Industrial Average DJIA, +0.41% gained 60.81 points, or 0.3%, to close at 21,891.12, pulling back from its best levels after hitting an intraday record earlier in the session at 21,929.80. The S&P 500 index SPX, +0.25% declined 1.80 points, or ... Read More »

There Goes the Market! Nasdaq Tumbles, S&P 500 Slips as Tech Tanks

A nothing day has turned into a selloff, as tech stocks tumble and take the market with it. Except for the Dow, which is hitting a new all-time high. ILLUSTRATION: GETTY IMAGES The S&P 500 have fallen 0.4% to 2,467.59 at 1:51 p.m. today, while the Dow Jones Industrial Average has ticked up 14.85 points, or 0.1%, to 21,725.86. The Nasdaq Composite has dropped 1.1% to 6,352.31. Earlier today, ... Read More »

Market Live: Nifty Bank hits 25,000 ahead of F&O expiry, Sensex soars 290 pts

12:10 pm Buzzing: Adani Power shares fell as much as 4 percent intraday after foreign brokerage house Citi discontinued its coverage on the stock. “We are discontinuing coverage on Adani Power due to reallocation of our resources. The firm’s last recommendation for the stock is sell and our target price is Rs 23. This is our last rating on Adani Power,” the ... Read More »

Most of Apple’s Demands Haven’t Been Met, Says Commerce and Industry Minister

HIGHLIGHTS Apple was in talks with Karnataka govt to make iPhones in Bengaluru Apple had demanded certain concession & relaxations from the Indian govt Sitharaman has said ‘No’ to most of Apple’s demands The government on Wednesday said it has not accepted ‘most of the demands’ of iPhone maker Apple which wants to set up manufacturing unit in India. To a ... Read More »

iPhone Ban: Tech Group Sides With Apple in Qualcomm Dispute

HIGHLIGHTS Google, Amazon, Microsoft and Facebook among those against Qualcomm Qualcomm is seeking a ban on iPhone using chips other than its own Tech giants say that doing so would cause “significant shocks to supply” A group representing major technology companies has aligned itself against Qualcomm in its legal dispute with Apple by calling on regulators to reject Qualcomm’s bid to ban the import of ... Read More »

Market for tech systems to fight terror bombs on track to top $2 billion by 2022

Manpreet Romana | AFP | Getty Images A US Marine of 2nd Marine Expeditionary Brigade runs to safety moments after an IED blast in Garmsir district of Helmand Province in Afghanistan on July 13, 2009. The global war on terror is fueling demand for robotic and other technology that can defeat or detect improvised explosive devices, or IEDs. The counter-IED ... Read More »

Android Wear Gets New Smartwatch Models, Ranging From $99 to $2,450

HIGHLIGHTS Mobvoi’s Ticwatch E starts at $99 on Kickstarter Louis Vuitton’s Tambour Horizon is priced at $2,450 These smartwatches run the latest Android Wear 2.0 The smartwatch segment may not have seen the same craze as other technological innovations like the smartphone or the tablet, but that doesn’t mean that there aren’t companies investing in them. In fact, smartwatch sales ... Read More »