Weak macroeconomics, slowing demand, falling client addition prompting firms in technology cohort to put the brakes on hiringfrom Tech-Economic Times https://ift.tt/PYHOmoB
Demand for talent in India’s IT sector falls, hiring at three-year low in May
Weak macroeconomics, slowing demand, falling client addition prompting firms in technology cohort to put the brakes on hiringfrom Tech-Economic Times https://ift.tt/PYHOmoB
Indian IT companies ready to face headwinds: report
This, however, does not mean that their growth over the next 18 months is immune to global shocks. Market researchers expect the Indian companies to ride over difficult times backed by strong balance sheets and execution prowess.from Tech-Economic Times https://ift.tt/Axb6y34
Swiss administration hit by cyber attack
Swiss authorities are investigating a cyber attack on the IT company Xplain, whose clients include many federal and cantonal government departments, including the army and customs.from Tech-Economic Times https://ift.tt/OvnPaiM
US court approves 'social casino' $415 million class settlement
Online consumers alleged "social casino" games developed by the defendants "constitute unlawful gambling under Washington's gambling laws." The settlement was the latest in a series of related cases.from Tech-Economic Times https://ift.tt/0426AkM
Republican lawmakers urge Joe Biden government to rally allies over China Micron ban
Michael McCaul, who heads the House Foreign Affairs Committee, and Mike Gallagher, chairman of the House select committee on the Chinese Communist Party, sent a letter to US Commerce Secretary Gina Raimondo urging the administration to take action after China targeted the biggest US memory chip maker.from Tech-Economic Times https://ift.tt/7APEFgx
What is really happening with digital credit in India, and other top stories this week
The aftermath of Covid-19 and the subsequent moratorium on loan repayments burnt a massive hole in the loan books of lenders. While the large players managed their books somehow, fintech non-banking financial companies (NBFC) have grappled with ballooning non-performing assets (NPAs).from Tech-Economic Times https://ift.tt/hTIlX9H
Samsung may lose PLI sops for first year on invoicing issues
The Korean company has said it is in advanced talks with the government on payout; it stressed its commitment to India.from Tech-Economic Times https://ift.tt/0UWv859
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