Page 3 - Tech Sector

SaaS company CleverTap Raises $105 mn in funding round led by CDPQ

It runs a cloud service that helps digital brands to increase customer retention

Over 32K tech workers fired in US, more than 11K in India till July

More than 32,000 tech workers have been laid off in the US till July, including at Big Tech companies like Microsoft and Meta (formerly Facebook)

Indian tech sector hired 200K Americans, helped US generate $103 bn in 2021

The Indian technology companies have contributed over $1.1 billion and developed partnerships with nearly 180 institutions in the US

Over 15K tech sector workers lost jobs in May globally, says report

More than 15,000 people working in the technology sector lost their job in the month of May globally, as global macro-economic factors hit companies, a report said

PimEyes: An alarmingly accurate face search engine that anyone can use

PimEyes is a paid service that finds photos of a person from across the internet, including some the person may not want exposed

Global economic instability will affect tech sector: Sundar Pichai

Alphabet and Google CEO Sundar Pichai has said that the current global macroeconomic conditions will severely affect the tech sector.

WEF 2022: 5 Indian start-ups among 100 to join Tech Pioneers community

The selected start-ups are also invited to participate in WEF 2022 workshops and events and high-level discussions during their two years in the community

Technology, energy emerge as winning sectoral bets for MF investors

Energy schemes have been the second-best performer with annualised returns of 62 per cent

Exodus at tech firms continues from Russia-Ukraine, impacting operations

Companies are taking all possible steps to keep employees safe and to ensure their businesses aren't impacted

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