Page 4 - Information Technology

Three-fourth employers in services sector willing to hire: TeamLease

The hiring boom in India's services sector is likely to continue in the third quarter, with 73 per cent of employers willing to increase their resource pool

Will realise $1-trn digital economy goal in 5-7 years: Rajeev Chandrasekhar

The Minister of State for Electronics and Information Technology said that despite the deep disruption caused by the pandemic, India as a nation has emerged stronger

WhatsApp bans 2.6 mn bad accounts in India as amended IT rules take shape

Currently, social media intermediaries are only required to inform users about not uploading certain categories of harmful/unlawful content

Instagram down for several users, days after global WhatsApp outage

According to outage-tracking website Downdetector, at the peak of the outage, over 7,000 users reported being unable to log in

Flipkart's net loss widens 51% on account of rising transportation costs

Flipkart's operating loss or EBITDA (earnings before interest, taxes, depreciation, and amortisation) loss stood at Rs 3,925 crore, which was up from Rs 2,267 crore in the previous fiscal

Govt to set up social media grievance appellate committees within 3 months

The committees will be established with the aim of providing users of social media sites like Facebook and Twitter with an alternative dispute resolution method

Passkeys becoming a safe alternative to passwords: Google vice president

Functionality will be available for general users of company's app store and browser later this year

Meta fined $24.7 mn for violations of campaign finance disclosure

A Washington state judge on Wednesday fined Facebook parent company Meta nearly $25 million for repeatedly and intentionally violating campaign finance disclosure law, in what is believed to be the largest campaign finance penalty in U.S. history. The penalty issued by King County Superior Court Judge Douglass North was the maximum allowed for more than 800 violations of Washington's Fair Campaign Practices Act, passed by voters in 1972 and later strengthened by the Legislature. Washington Attorney General Bob Ferguson argued that the maximum was appropriate considering his office previously sued Facebook in 2018 for violating the same law. Meta, based in Menlo Park, California, did not immediately respond to an email seeking comment. Washington's transparency law requires ad sellers such as Meta to keep and make public the names and addresses of those who buy political ads, the target of such ads, how the ads were paid for and the total number of views of each ad. Ad sellers must

Global IT hardware industry players urge govt to postpone PLI 2.0 scheme

The IT industry has asked the govt to defer the implementation of the revised production liked incentive scheme, PLI 2.0

53% IT professionals may resign to pursue new job within next year: Report

More than half of IT professionals (53 per cent) are likely to pursue a new position within the next year due to better compensation, a lack of training and development and a lack of work-life balance, according to a report. About 66 per cent of IT decision makers see skills gap in their teams even as there is a 10 per cent decrease from last year, according to Skillsoft's 2022 IT Skills and Salary Report. However, the industry is facing another pressing challenge centred around talent attrition, with more than half (53 per cent) of all respondents extremely or somewhat likely to look for a new job in the next 12 months, it added. Skillsoft's 2022 IT Skills and Salary Report based on a survey with nearly 8,000 respondents. The report further revealed that over the past year, the workplace has been defined by employee-led "movements", namely the Great Resignation and "quiet quitting". Meanwhile, the pace of digital transformation and lack of enough technical resources have pushed m

Govt not empowered to issue orders to block accounts: Twitter to HC

Council for microblogging site emphasises that Section 69A (power to intercept electronic communication) of IT Act does not spell out mass blocking of accounts

Channelling tech talent: IT majors face headwinds, may cut hiring in India

A Nasscom report indicates that digital core talent has grown faster than IT core talent, as companies undertook skilling initiatives to reorient the workforce.

Demand outlook robust; attrition to cool off in Q3 FY23: L&T Infotech COO

This should be the last quarter as an independent entity, merger to complete between November-December, said COO Deshpande

Tata Power hit by cyber attack, says critical systems functioning

The company did not divulge which systems were impacted

Cyber attack hits IT systems of Tata Power, restoration underway

Tata Power on Friday said that a cyber attack has hit its Information Technology (IT) infrastructure and affected its systems. Tata Power Company Limited had a cyber attack on its IT infrastructure impacting some of its IT systems, a BSE filing said. The company has taken steps to retrieve and restore the systems, it informed. All critical operational systems are functioning; however, as a measure of abundant precaution, restricted access and preventive checks have been put in place for employee and customer facing portals and touch points, it added.

Attrition to continue to spike even as IT biggies reduce hiring: Experts

HR experts also point that pre-pandemic industry attrition was in the range of 12-13 per cent, to come back to that level is going to take some time.

From traditional cubicles to smart cabins, co-working is back with a bang

Demand fuelled by hybrid work models, digital nomads, post-Covid urban loneliness

New job creation slipped 10% in Omicron-hit March quarter, says govt

Mfg sector was worst hit with 140,000 job cuts, followed by education (22,204) and construction (8,954). IT/BPO created most new jobs at 370,000, followed by the health sector (93,701)

ITeS sector's growth prospects in FY23 augur well for SMEs: CRISIL

In FY22 the ITeS sector's revenue logged 13-15% growth to about Rs 3.1 tn, riding on volume recovery across the three key segments - customer relationship management (CRM), knowledge, and transactions

Applying for a digital loan? Stick to loan apps on RBI's white list

The name of the bank or NBFC on whose behalf the app lends should be mentioned on the former's website