Indian GCCs to add 3.64 million jobs over next 12 months

GCCs are client owned and operated delivery centres providing critical technology for multinational companies.

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Startup funding falls 35% in 2022, says Tracxn report

Retail and fintech sectors witnessed a fall of 57% and 41%, respectively, in amounts of funds raised in 2022, according to Tracxn’s India Tech 2022 annual report. Yet, these two sectors alongside enterprise applications remained top fundraisers during the year.

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US lawmakers ease planned curbs on Chinese chips amid corporate pushback

The move is the latest example of industry's efforts to weaken proposals aimed at crimping China's burgeoning tech sector, by pointing out how such measures will raise costs.

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Uber fined $14 million for misleading on fares and cancellation fees in Australia

UBER-AUSTRALIA/FINE (UPDATE 2, PIX)UPDATE 2-Australia fines Uber $14 mln for misleading on fares and cancellation fees

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Blume Ventures closes its largest India-dedicated fund at $250 million

Indian limited partners (LPs) — predominantly large family offices and SIDBI — accounted for 40% of the money raised in Fund-IV, with the rest coming from overseas-based family offices, foundations, sovereign funds and corporates.

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IT, services firms add more hybrid jobs to tap into wider talent pool

Companies such as Axis Bank, BCG, Deloitte, and LinkedIn have adopted various flexible work models and top officials of these firms said the hybrid work models will continue going ahead.

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‘Systemically important’ platforms may face more scrutiny; angels investing in foreign startups face forex hurdle

The parliamentary committee on finance will submit a report on digital markets in the winter session of Parliament that will propose mandatory disclosures by these platforms on a regular basis, they told us.

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