It Sector

Xiaomi reported an 18.9 percent drop in quarterly revenue on Wednesday as consumer demand for smartphones remained weak even as the economy recovered from the COVID-19 pandemic.

Nearly six percent of outsourced contract workers lost jobs in India's information technology sector in the January-March period compared to the previous quarter following the impact of the global slowdown and Russia-Ukraine war, a recruitment body said.

Nearly 60,000 outsourced contract workers lost jobs in the information technology sector in the year ending in March as jobs for flexi workers hired through contractors by companies shrank 7.7% from a year earlier, a recruitment body said.

Australia said it would regulate buy-now-pay-later services as a consumer credit product under new laws, forcing BNPL providers to carry out background checks before lending in what would be one of the world's toughest regimes for the startup sector.

EU telecoms regulators' group BEREC on Friday warned the European Commission against proposing legislation pushed by the sector to get Big Tech's help to pay for the rollout of 5G and broadband, saying it did not see a competition problem or a market failure. The comments from The Body of European Regulators for Electronic Communications (BEREC) to...

The Centre has decided to recruit 20 private sector specialists as joint secretaries, directors, and deputy secretaries on contract basis in its 12 departments, an official statement issued on Thursday said.

On-demand convenience platform Swiggy's food delivery business has turned profitable, making it one of the very few global players in the sector to achieve such a feat in less than nine years since inception, company CEO and Co-founder Sriharsha Majety said on Thursday.

On-demand convenience platform Swiggy's food delivery business has turned profitable, making it one of the very few global players in the sector to achieve such a feat in less than nine years since inception, company CEO and Co-founder Sriharsha Majety said on Thursday.

Tencent Holdings is cutting prices for cloud services by up to 40 percent from June amid similar moves from rivals that have plunged the sector into a price war. The fierce competition comes amid soft corporate demand, with the Chinese economy in the midst of a wobbly recovery since abandoning strict COVID-19 restrictions last year.

PitchBook, in its latest crypto report has highlighted that late rounds of investments grew by a whopping 209 percent between January and March this year, as compared to the same time last year.

Mudrex has bagged legal recognition in Italy that officially allows it to offer its services in one part of the European Union (EU). The announcement was released on Monday, May 15. Mudrex has lauded the clarity in crypto-related regulations in the EU, which, the company says, makes it easy to conduct business in.

Encouraged by high-profile successes elsewhere, India wants its private space companies to increase their share of the global launch market by fivefold within the next decade — an effort boosted by the personal support of Prime Minister Narendra Modi. At the end of 2022, Skyroot Aerospace, whose investors include Sherpalo Ventures and Singapore's...

Microsoft will not raise salaries for full-time employees this year and is reducing budget for bonuses and stock awards, Insider reported on Wednesday, citing an internal email by CEO Satya Nadella. In January, Microsoft said it would let go of 10,000 workers, adding to the tens of thousands layoffs announced before that across the technology secto...

ZebPay has signed a deal with Singapore-based Taxnodes that will help its customers with their crypto taxes. Time and again, industry experts have urged India’s crypto community to exercise compliance with the laws in order to make the crypto sector safer.

In yet another success in its crusade against smuggling activities, the Serchhip Battalion of 23 Sector Assam Rifles recovered illegal Foreign-origin cigarettes worth Rs 1.53 Crore near Melbuk Xg at Zokhawthar, according to an official statement.

Xiaomi reported an 18.9 percent drop in quarterly revenue on Wednesday as consumer demand for smartphones remained weak even as the economy recovered from the COVID-19 pandemic.

Nearly six percent of outsourced contract workers lost jobs in India's information technology sector in the January-March period compared to the previous quarter following the impact of the global slowdown and Russia-Ukraine war, a recruitment body said.

Nearly 60,000 outsourced contract workers lost jobs in the information technology sector in the year ending in March as jobs for flexi workers hired through contractors by companies shrank 7.7% from a year earlier, a recruitment body said.

Australia said it would regulate buy-now-pay-later services as a consumer credit product under new laws, forcing BNPL providers to carry out background checks before lending in what would be one of the world's toughest regimes for the startup sector.

EU telecoms regulators' group BEREC on Friday warned the European Commission against proposing legislation pushed by the sector to get Big Tech's help to pay for the rollout of 5G and broadband, saying it did not see a competition problem or a market failure. The comments from The Body of European Regulators for Electronic Communications (BEREC) to...

The Centre has decided to recruit 20 private sector specialists as joint secretaries, directors, and deputy secretaries on contract basis in its 12 departments, an official statement issued on Thursday said.

On-demand convenience platform Swiggy's food delivery business has turned profitable, making it one of the very few global players in the sector to achieve such a feat in less than nine years since inception, company CEO and Co-founder Sriharsha Majety said on Thursday.

On-demand convenience platform Swiggy's food delivery business has turned profitable, making it one of the very few global players in the sector to achieve such a feat in less than nine years since inception, company CEO and Co-founder Sriharsha Majety said on Thursday.

Tencent Holdings is cutting prices for cloud services by up to 40 percent from June amid similar moves from rivals that have plunged the sector into a price war. The fierce competition comes amid soft corporate demand, with the Chinese economy in the midst of a wobbly recovery since abandoning strict COVID-19 restrictions last year.

PitchBook, in its latest crypto report has highlighted that late rounds of investments grew by a whopping 209 percent between January and March this year, as compared to the same time last year.

Mudrex has bagged legal recognition in Italy that officially allows it to offer its services in one part of the European Union (EU). The announcement was released on Monday, May 15. Mudrex has lauded the clarity in crypto-related regulations in the EU, which, the company says, makes it easy to conduct business in.

Encouraged by high-profile successes elsewhere, India wants its private space companies to increase their share of the global launch market by fivefold within the next decade — an effort boosted by the personal support of Prime Minister Narendra Modi. At the end of 2022, Skyroot Aerospace, whose investors include Sherpalo Ventures and Singapore's...

Microsoft will not raise salaries for full-time employees this year and is reducing budget for bonuses and stock awards, Insider reported on Wednesday, citing an internal email by CEO Satya Nadella. In January, Microsoft said it would let go of 10,000 workers, adding to the tens of thousands layoffs announced before that across the technology secto...

ZebPay has signed a deal with Singapore-based Taxnodes that will help its customers with their crypto taxes. Time and again, industry experts have urged India’s crypto community to exercise compliance with the laws in order to make the crypto sector safer.

In yet another success in its crusade against smuggling activities, the Serchhip Battalion of 23 Sector Assam Rifles recovered illegal Foreign-origin cigarettes worth Rs 1.53 Crore near Melbuk Xg at Zokhawthar, according to an official statement.