Page 5 - Tech Sector

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

Tech spending in India poised to grow by 9.6% this year, shows report

According to the report, tech outsourcing and hardware maintenance will see sharp growth

Tech sector H-1B workers' spouses can continue to work in US, says judge

The ability of H-1B holders' spouses to also get jobs in the US has been a major attraction for highly skilled foreign workers, the tech companies have argued

Wrong to assume fired H1B staffers have to leave country: USCIS director

Amid mass layoffs in the tech sector, the US Citizenship and Immigration Services (USCIS) has said it is wrong to assume that fired workers holding H-1B visa has to leave the country within 60 days and that they have multiple options to stay. In a letter to the Foundation for India and Indian Diaspora Studies, USCIS Director Ur M Jaddou said, "When non-immigrant workers are laid off, they may not be aware of their options and may, in some instances, wrongly assume that they have no option but to leave the country within 60 days." The Foundation for India and Indian Diaspora Studies(FIIDS), which has been working for laid-off H-1B visa holders, had recently written to USCIS about the impacts of recent technology sector layoffs and sought an increase to the up to 60-day grace period. In the letter addressed to FIIDS director for policy and analysis strategy Khanderao Kand, the USCIS said it acknowledges the financial and emotional impact that job loss can have on employment-based ...

India's digital public infra story worth showcasing: Cisco India President

India's transformative digital public infrastructure is a "story worth showcasing" and the interest it has generated among developing and developed nations presents a huge opportunity for the Indian tech industry, according to Cisco India and SAARC President Daisy Chittilapilly. Chittilapilly noted that India's digital public infrastructure offered a unique population-scale, low cost, accessible model, and is generating "tremendous amount of interest" from other nations. She cited the success of digital identity Aadhaar and India's Unified Payments Interface (UPI), the real-time payment system where transaction volumes are "mind blowing". "One of the topics at the G20 Presidency is showcasing digital public infrastructure that India has built over the last many years... Aadhaar is the largest national identity project in the world... look at the UPI numbers, they are mind blowing. There is nothing like UPI anywhere in the world," she told PTI in a recent interview. The Cisco India

CCI to set up in-house digital mkt data unit for regulating tech platforms

Jyoti Jindgar Bhanot, secretary of the CCI, emphasised on early intervention as a key to ensure that competitive landscape in digital markets is not distorted beyond repair

Silicon Valley Bank's collapse rattles the disruptors in tech industry

Silicon Valley Bank's collapse rattled the technology industry that had been the bank's backbone, leaving shell-shocked entrepreneurs thankful for the government reprieve that saved their money while they mourned the loss of a place that served as a chummy club of innovation. They were the gold standard, it almost seemed weird if you were in tech and didn't have a Silicon Valley Bank account, said Stefan Kalb, CEO of Seattle startup Shelf Engine, during a Monday interview as he started the process of transferring millions of dollars to other banks. The Biden administration's move guaranteeing all Silicon Valley Bank's deposits above the insured limit of $250,000 per account resulted in a palpable sigh of relief in Israel, where its booming tech sector is connected with an umbilical cord to Silicon Valley, said Jon Medved, founder of the Israeli venture capital crowdfunding platform OurCrowd. But the gratitude for the deposit guarantees that will allow thousands of tech startups to .

Here's what Silicon Valley Bank's collapse means for climate tech

It's the first major headwind to blow against a boom in climate-tech investing that was capped off by incentives in the US Inflation Reduction Act last year

Govt will take a call on who can access Indian datasets, says MoS IT

Programme will ensure Indian datasets help Indian startups and researchers build new applications; access to platform to be decided by govt

Women-led startups raise $4.3 bn in 2022, outperform those led by men

The number of active investors funding women-led startups has also risen steadily since 2010, with a sharp YoY jump of 42% in 2021

India's tech sector revenue to cross $245 billion in FY23, shows data

The year is emerging as India's techade, with robust opportunities in creating public digital infrastructure, and greater ease of doing business

India as a delivery hub is very significant for us: RWS Holdings CEO

"As a source of talent, both for linguists and technology talent, India is important"

India's tech spends to revert to pre-Covid levels, says McKinsey

Pandemic has decoupled the GDP growth and tech spends, it says

Indian tech sector to hit $245 bn in FY23; headwinds seen in FY24: Nasscom

Industry on track to achieve $500 bn by 2030, but skilling gap needs to be addressed on priority

Tech industry one of the most spoilt in the mode of work: Rishad Premji

Indian IT companies are facing challenges in re-establishing the work-from-office model of pre-pandemic times