BUSINESS
Early days for generative AI, tipping point only after ethics taken into consideration: Nasscom’s Debjani Ghosh
Nasscom President Debjani Ghosh said that the aim now is to bring together industry, academia, and government to figure out what the framework for trustworthy tech is, which isn't limited to AI.
BUSINESS
Uber revamping app to bring down cancellations, maximise earnings for drivers
While the company has already introduced customer rating, mode of payment and destination features, the upfront pricing feature for drivers is being tested in a few cities to study the market reactions and imbalances if any, Manikandan Thangarathnam, senior director of mobility and platforms at Uber, has said
BUSINESS
Tech industry revenue to reach $245 billion in FY23, 2.9 lakh new jobs created: Nasscom
The Nasscom report also stated that the estimated net addition in FY23 is higher than it was in pre-COVID levels.
BUSINESS
In future, definition of children in data protection bill will be based on safety of platform: Rajeev Chandrasekhar
In an interview with Moneycontrol, Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar said that although the definition of children will be as those below the age of 18, when the Digital Personal Data Protection Bill rolls out, it will be reviewed and the age bar would be lowered or increased based on how safe or exploitative a platform has been
BUSINESS
Rajeev Chandrasekhar on lending app ban: ‘No decision that govt takes is geography-based’
This comes two weeks after orders had been given to block over 138 betting apps and 94 lending apps which included Kissht, LazyPay, and Ola Avail Finance. Some were later revoked.
BUSINESS
Semiconductor talent ecosystem already exists, now focus on owning IP in India: Rajeev Chandrasekhar
From the 2023-24 academic year, the Indian higher education system and the skilling ecosystem will start focusing on creating and producing world-class semiconductor engineers and semiconductor technicians, says Rajeev Chandrasekhar
BUSINESS
Uber explores leveraging AI chatbot tools into its platform
The company is also actively testing out its feature of booking rides through Whatsapp with experiments in select cities including Delhi and Lucknow.
BUSINESS
Employee union urges Labour Ministry to intervene in Wipro's onboarding delays, salary cuts for freshers
The offer to reduce salary, NITES said, is unethical and “is a clear violation of the terms of the offer letter and a breach of contract.”
BUSINESS
Wipro’s salary shocker for freshers upsets other candidates
Candidates Moneycontrol spoke with expressed a mix of resentment and fellow feeling, not only because Turbo candidates are given priority, but also because they were asked if they would accept a significantly lower salary.
BUSINESS
FreshToHome raises $104 million led by Amazon’s Smbhav Venture Fund
The startup has raised the amount in its Series D funding round. The company also said it was operationally profitable, terming itself a ‘proficorn’.
TRENDS
Wipro's email to freshers on salary cut: 'If you accept this offer...'
A candidate who received such an email from Wipro told Moneycontrol that it was unfair because he and many others had waited for the offer at Rs 6.5 LPA.
BUSINESS
Wipro cuts down salary offers to freshers amid delay in onboarding
Candidates with a package of Rs 6.5 lakh per annum who were waiting to join the company received emails from Wipro, asking if they would like to join at Rs 3.5 LPA
BUSINESS
Shaji Mathew to take charge as Infosys group head of HR as Krish Shankar retires
Shaji Mathew, an Infosys veteran of 31 years, will be taking over as the Global Head of HR effective March 22.
BUSINESS
Most IT service companies maintain fresher hiring numbers in top colleges
Global captive centres have also started to come in to hire freshers.
BUSINESS
Wipro to roll out 87% variable pay to employees for Q3
This applies to employees from the fresher to team-lead bands, while the variable payout at manager level and above will be based on business unit performance
BUSINESS
Info Edge posts Rs 116.5 cr loss in Q3; founder Bikhchandani says being careful in investments
Info Edge, which owns jobs platform Naukri, said it experienced longer sales cycles and spend optimisation with various customers, particularly in the IT space.
BUSINESS
Info Edge writes down Rs 276 crore investment in Rahul Yadav’s startup 4B Networks
Info Edge believes that the proptech startup might find it difficult to weather the ongoing funding winter due to its cash burn.
BUSINESS
Denied relief by SC, Rapido appeals to Maharashtra to take holistic view on taxi aggregators
Rapido's services have been suspended in Maharashtra since January 20, and said it is evaluating its legal options.
BUSINESS
Govt panel to weigh need for separate competition law in digital markets
The order by the MCA states that the committee is to review the existing provisions of the Competition Act, and if the rules under it are sufficient to “deal with the challenges that have emerged from the digital economy”
BUSINESS
Quess expects subdued hiring sentiment in product, IT services to continue in Q4
Group CEO Guruprasad Srinivasan said the steepest drop in IT staffing was in Q2, but since then, figures were up by about 30 percent in Q3.
BUSINESS
Cognizant CEO's priorities: Ability to win large deals, being employer of choice, enhancing op discipline
CEO Ravi Kumar said there is a great deal of work ahead and it will take time to rebuild the pipeline and go after larger opportunities.
BUSINESS
Cognizant CEO to focus on winning large deals as Q4 net profit sinks 9.5%
Large deals, the CEO said, are top priority “given how essential they are to building commercial momentum and enhancing our station as a provider of business outcomes aligned by industry.”
BUSINESS
Budget 2023: IT sector cheers announcements on AI, 5G, and skilling
A hundred labs will be set up in engineering institutions to develop applications using 5G services. Three centres of excellence for AI will also be set up.
BUSINESS
Net employee addition by top 5 IT Services companies dips into the negative in Q3
Headcount addition is considered an indicator of demand in the IT industry, and the current drop comes as firms go slow on hiring in an increasingly cautious macro environment.
