Page 5 - Tech Sector

'How bad is the job market?': Applicants spooked, experts optimistic

A start-up receiving 3,000 job applications in 48 hours reflects how substantial the churn is

Top headlines: India's economic growth forecast, tech sector layoffs & more

Business Standard brings you the latest headlines at this hour

Indian talent together with US technology guarantees brighter future: Modi

Prime Minister Narendra Modi said on Friday that the coming together of Indian talent and US's technological advancement guarantees a bright future as he met business honchos of the two countries at the White House. "This morning (meeting) is only among a few friends but has brought with it the guarantee of a bright future," Modi said in his remarks at the India-US Hi-Tech Handshake Event as President Joe Biden nodded. This is a great opportunity to take along President Biden's vision and capabilities and India's aspirations and possibilities, Modi said, thanking the US leader for his presence at the meeting. He referred to the development as "honhaar, shandaar, dhardaar" in Hindi and said it will pave the way for a new future. The meeting came at a time the two countries look to deepen their ties in the high-tech sector. Prime Minister Modi said the coming together of Indian talent and US's technological advancement guarantees a bright future. He said the business honchos have c

Indian talent, innovation behind Google products globally: Top official

India is one of the most important markets for Google and a source of incredible talent and innovation that help create and empower the company's products globally, a top official at the tech giant has said. Karan Bhatia, Google's global head of government affairs and public policy, told PTI on Friday that the company is very excited about India and its trajectory. India is one of our most important markets around the world. It's really a second home to us. We've been in the country for almost two decades now. We have thousands of employees there. It is both a source of incredible talent and innovation that really help create and empower Google products around the world, he said. It is also a dynamic market where you see an explosion in both internet usage and in new small businesses and startups, Bhatia said. In the last nine years, he said, India has been an incredible story that has seen an explosion in the use of the internet, particularly in rural regions which are experiencin

Tech 'master key' to unlocking real potential of Indo-US ties: Envoy

Describing technology as the force multiplier for the Indo-US partnership, India's Ambassador to the US Taranjit Singh Sandhu said tech is the "master key" to unlocking the real potential of the relationship. Sandhu's comments come ahead of Prime Minister Narendra Modi's visit to the US next week. Modi has been invited by President Joe Biden and First Lady Jill Biden for an official State Visit, which will include a State Dinner on June 22. "If you ask me, what I would bet on the most, what is that one force multiplier for this relationship, and for global wellbeing indeed, it is tech. It is that master key to unlock the real potential in the relationship," Sandhu said on Monday. "There is a lot of synergy and complementarity between us in the tech space. Tech, to me, is powered by trust. It is as much strategic as (it is) commercial," he added. Sandhu was addressing the annual India Ideas Summit of the US-India Business Council. "It was just four-and-a-half months ago that we had

Top headlines: TCS defies tech-sector inertia, India's final call on IPEF

Business Standard brings you top news at this hour

6 out of 10 IT firms hiring more gig workers as industry sees slowdown

Permanent jobs in the IT sector have seen a reduction of 5% this year as compared to last year, while the number of gig workers has increased by 40%

India, US to form monitoring group to review tech trade cooperation

The dialogue is a key mechanism to take forward the strategic technology and trade collaborations envisaged under the India-US initiative on Critical and Emerging Technologies (iCET)

Nearly 81% firms face shortage of skilled tech workers: EY and iMocha

Only 19 per cent reported having established skill taxonomy; 43 per cent have conducted skill benchmarking at the employee level

Tech job losses on course to exceed 2022 number, already at 57% of last yr

Some 8,134 employees have reportedly lost their jobs in the country as of May 2023

Akamai Tech lays off nearly 3% of global workforce impacting 300 workers

"This was a difficult decision, but it was necessary for us to prioritise investments in the areas with the greatest potential for future growth as we strive to deliver greater value for shareholders"

80% firms worldwide face shortage of workforce with apt tech skills: Study

India in good position to tackle shortage, has 16% of technology talent market

Youth will shape tomorrow's tech: Cook impressed by Indian Coding prodigy

Tim Cook has long advocated for the inclusion of coding in school curricula, stressing its importance as a "global language" that can empower students to create world-class products

UK minister Dominic Johnson begins India visit with focus on tech ties

UK's Minister for Investment Lord Dominic Johnson on Wednesday embarked on a visit to India to strengthen the bilateral investment partnership across technology and life sciences sectors and build momentum behind ongoing trade talks. After arriving in Bengaluru, Johnson is set to visit Pune to meet investors and leading Indian businesses, including Infosys and Zensar, to drum up investor interest in the UK, the Department for Business and Trade (DBT) said. The visit coincides with Round 9 of negotiations this week between officials working on the UK-India free trade agreement (FTA). "It is fantastic to be in India again visiting the vibrant cities of Pune and Bengaluru to find out how our strong cultural and economic ties mean investors and business leaders continue to choose the UK, said Johnson. He visited Mumbai and New Delhi in October last year when he met with investors and businesses including Apollo Hospitals, Prodapt and Wockhardt. From life sciences to AI [artificial ...

UK investment minister begins India visit with focus on tech ties

UK's Minister for Investment Lord Jo Johnson on Wednesday embarked on a visit to India to strengthen the bilateral investment partnership across technology and life sciences sectors and build momentum behind ongoing trade talks. After arriving in Bengaluru, Johnson is set to visit Pune to meet investors and leading Indian businesses, including Infosys and Zensar, to drum up investor interest in the UK, the Department for Business and Trade (DBT) said. The visit coincides with Round 9 of negotiations this week between officials working on the UK-India free trade agreement (FTA). "It is fantastic to be in India again visiting the vibrant cities of Pune and Bengaluru to find out how our strong cultural and economic ties mean investors and business leaders continue to choose the UK, said Johnson. He visited Mumbai and New Delhi in October last year when he met with investors and businesses including Apollo Hospitals, Prodapt and Wockhardt. From life sciences to AI [artificial ...

What led to mass layoffs in tech sector globally and who was affected?

According to a report over 150,000 people have been affected by tech layoffs in 2022 alone, whereas, 68,500 new cuts were seen in January 2023 alone

Swiss Re Group sees India units taking lead owing to more senior roles

The company has two centres in India, one each in Bangalore and Hyderabad and last year it announced the setting up of a centre in Hyderabad

Prompt engineering skills: A possible cure on new automation anxiety

Prompt engineering deals with improving interaction between humans and AI

OpenAI CEO plans expansion in Japan after meeting PM Fumio Kishida

Altman said that he discussed the technology's potential with Kishida, and how to mitigate the downsides

The new corner office favourite

Across sectors, CFOs are stepping into the role of CEOs as companies see value in their realistic outlook grounded in numbers