Page 8 - Tech Sector

Innovative tech creating unprecedented disruption in banking sector: Khara

Digitisation and innovative technologies are creating unprecedented disruption in the banking sector, and lenders need to be agile to meet the rising expectations of customers, State Bank of India's Chairman Dinesh Khara said on Friday. Banks have adopted the digital revolution, which has reduced their cost and widened the area of services they offer, he added. "Digital innovation is redefining industries and changing the way businesses function. Digitisation and innovative technologies are creating unprecedented disruption in the banking sector and the rate of change is accelerating," Khara said at a Dun & Bradstreet event. Today, digitisation and digital innovations have become a strategic priority for the banking industry, he noted. "Banks need to be agile and nimble as technology increases customer expectation and the regulatory landscape also evolves rapidly to keep pace with technological advancement," he said. According to Khara, there is a realisation among banks that the

Traders should handhold women startups, encourage tech adoption: Irani

Traders should handhold and encourage women startups to set up businesses to help them enter the mainstream of trade and commerce, Union Minister Smriti Irani has said.

Gaps in workplace equality, professional roles for women in tech: Report

A significant percentage of women in tech said men outnumber them at their organisations in leadership roles, according to a report.

Our mission is to democratise e-commerce, says Meesho founder & CTO

To understand the tech infrastructure, one also needs to understand the consumer category we are tapping into, says Barnwal

Tech startups struggle to get out of the red amid mktg and staff cost spike

While losses widened by 45% and 55% at fintech peers Paytm and PB Fintech, respectively, food delivery firm Zomato remained in the red despite narrowing its net loss by 81%

IT industry on the road to becoming $350 bn in revenue terms by 2026

The aspirational target of $350 billion by 2026 also means that the industry will have to maintain growth in the double-digit range of 11-14 per cent

Govt willing to intoduce stricter social media norms: IT Minister

IT Minister Ashwini Vaishnaw said that the Narendra Modi-led government is willing to introduce stricter social media norms and all micro-blogging sites

Employee engagement in tech sector hit the most by Covid, says report

Employee engagement and retention has emerged as the worst-hit aspect of organisations in the technology sector amid the COVID-19 pandemic, according to a report. The other four aspects impacted the most by the pandemic were revenue, client engagement, new clients & projects, and employee productivity, the report by PeopleAsset, an executive search & talent advisory firm, said. The report said that in a survey of senior leaders across functions and industries, 88.9 per cent of leaders agreed that COVID-19 has had a profound impact on their organizations, with the same number observing that employee engagement and retention were the hardest hit. When it comes to employee engagement, the organisations are facing the challenges of lack of sense of association with the organization, reduced interconnectedness, communication, team collaboration, and work-life balance, the report said. A record number of people around the world, especially in the tech industry, have begun to quit ...

Firms can improve product affordability through tech intensity: Nadella

Nadella noted that organisations globally are undergoing digital transformation amid the Covid pandemic

Atal Innovation Mission releases compendium of innovations on agri, tech

Niti Aayog's Atal Innovation Mission released a compendium on the innovations on technology.

Spread of digital economy leads to demand surge in tech space: Study

The top-five digital skill domains in demand in September-November 2021 are Testing, Platform Technologies, Java, Cloud Infra, and Data Analytics

UK minister Truss to announce new strategic forum, tech tie-ups in India

India is the world's largest democracy, a tech and economic powerhouse and a vital strategic partner for the UK.

Didi, JD.com workers get unions in watershed moment for China's tech sector

Regulators in China have come down hard on its biggest technology firms this year

China spells out how excessive '996' work culture is illegal

China's increasingly profitable tech giants are grappling with public outrage over their grueling schedules, a backlash fueled by a growing chorus of complaints on social media and even deaths.

China govt targets mobile pop-ups in latest crackdown on tech sector

Pop-ups, often used for advertising, are just the latest targets in a series of government crackdowns that have ranged from antitrust to data security

InMobi group's Glance all set to enter consumer tech sector in the US

The service is expected to be rolled out some time in September and Glance has alr­eady set up a la­rge team in San Francisco to oversee the project

NetConnect Global to expand operations in India by hiring 5,000 techies

NetConnect Global (NCG) on Monday said the company is planning to hire 5,000 technology professionals pan-India by the end of this calendar year to facilitate its expansion operations in India.

Joe Biden to amend Trump's China blacklist, target key industries

Order takes aim at China's defence, surveillance tech sectors

Near term headwinds for REITs on FY22 lease expiry, weak demand

Strong base of technology sector tenants and valuations may provide support

Signs of the times: Digital document verifications accelerate amid Covid-19

The use of digital signatures and online verification of documents has touched a new high after the onset of the pandemic