TECH TEAM
Ambani wedding: QR Code, colour-coded wristbands, standby medical teams secured guests
Asia's richest man, Mukesh Ambani, spared no expense for his son Anant's wedding to pharmaceutical heiress Radhika Merchant, hosting a lavish three-day affair attended by global celebrities, business tycoons, and politicians. The extravagant event featured color-coded wristbands for access, top-tier security, and an elaborate medical response preparedness. Guests received exclusive invitations with intricate details and keepsakes, making it a truly opulent celebration.
Is India's youth workforce equipped for the tech job boom?
India's growth in 5G, electronics fabrication, telecom, and EV industries drives new job opportunities requiring AI, Big Data, IoT, and sustainability skills. The renewable sector's expansion highlights the need for continuous learning. Collaborative training, adaptability, and problem-solving are essential to prepare the youth for an evolving job market.
78% employers optimistic about gig workers, but technical proficiency key to long-term success
A recent report from TeamLease Edtech reveals that 78% of employers are optimistic about gig workers meeting or surpassing job requirements, emphasizing the critical need for technical skills. The report, titled ‘Gig Economy Skills: Equipping Youth for Freelance and Flexible Work’, draws from survey data of 837 employers across various sectors.
European regulators crack down on Big Tech
EU regulators probe Big Tech. Apple addresses DMA breaches, Spotify's complaint. Microsoft leaves OpenAI’s board. Meta's consent model, CrowdTangle features, Facebook, Instagram’s child safety scrutinized. Google fined 2.42 billion euros. Amazon's DSA compliance checked. NVIDIA faces French probe. TikTok, Meta gatekeeper disputes. Italy fines Facebook, Meta. Germany ends Google probe. UK investigates cloud market. Spain suspends Meta products.
Who should drive AI adoption — teams or leadership?
While leaders have a pivotal role in bringing in new technologies, AI’s success in manufacturing requires the help of the workforce too.
Kerala teams up with IBM to host Gen AI conclave at Kochi on July 11-12
The conclave is intended to establish a platform for business decisions, learning, networking, and partnerships, benefiting various enterprises, including technology-based startups and MSMEs. IBM leadership, industry thought leaders and Indian tech business leaders will share their insights and future vision for AI, the minister informed ET.
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Cricketer Ravichandran Ashwin buys team in Tech M's Global Chess League
Cricketer Ravichandran Ashwin has partnered with Prachura Group founder Prachura PP and former Prestige Estates CEO Venkat K. Narayana to acquire the American Gambits team in the Global Chess League (GCL), a joint venture between Tech Mahindra and the International Chess Federation. The team will debut in the second season of the league, which will be held from October 3-12 in London.
EU vs Big Tech: the cases keep mounting
European regulators have launched a series of probes into Big Tech. In the latest move, the European Commission asked Amazon for more information on its compliance with the Digital Services Act (DSA), which requires Big Tech players to do more to tackle illegal and harmful content on their platforms.
Viacom18 bolsters its tech leadership team with three key hires
Viacom18 has appointed three key figures to its technology leadership team in an effort to enhance its OTT platform, JioCinema. This significant move includes naming Bharath Ram as Chief Product Officer and Ad Tech Platform Lead. Bharath Ram will be reporting to Kiran Mani, CEO, Digital, Viacom18.
Industry Season 3: Check out cast, teaser, plot, characters, premiere date, where to watch, production and creative team
HBO releases the "Industry" Season 3 teaser. The season features Kit Harington as a green tech leader. The plot revolves around ethical investing and the IPO of Lumi. Harper returns to finance with a new partner. The season premieres on August 11 on HBO and Max.
Global Chess League to generate business value of $40 m in 5 years: Tech Mahindra CEO Mohit Joshi
The Global Chess League (GCL), initiated by Mahindra Group chairman Anand Mahindra, is projected to generate over $40 million in business value over five years, according to Tech Mahindra's CEO Mohit Joshi. The league, a joint venture with the International Chess Federation (FIDE), is the world's first franchise-based chess league and targets expansion into the US and Europe alongside India. With six current teams and plans to expand to eight teams from the third season, GCL aims to boost engagement across social media and TV platforms.
Microsoft breached antitrust rules by bundling Teams with office software, European Union says
The European Commission stated that Microsoft may have provided Teams with a "distribution advantage" by not allowing customers the option to choose whether to include Teams when purchasing the software. Last year, Microsoft made certain adjustments in an attempt to avoid penalties, such as offering software packages without Teams specifically for European customers. However, the commission has indicated that these measures are insufficient.
BoB aims to double tech team headcount to 3,000 by FY26-end
State-owned Bank of Baroda plans to double its in-house technology team to 3,000 employees in the next two years, according to a top official. Currently, the team comprises 1,500 employees. The expansion will involve both regular hiring processes and lateral hires of specialist talent, as stated by Debadatta Chand, the managing director and chief executive officer.
Who is Saurabh Netravalkar? Meet techie, who engineered US’s victory over Pakistan cricket team at T20 World Cup
In a historic T20 World Cup upset, co-hosts USA defeated Babar Azam's Pakistan in a nail-biting Super Over on Thursday at the Grand Prairie Stadium. After the match ended in a tie, Netravalkar was entrusted with defending 18 runs in the one-over eliminator in Dallas. Against all odds, Netravalkar's calm demeanor and excellent bowling restricted Pakistan to 13 runs, securing a remarkable victory for the USA.
How to use performance improvement plan as a recovery period to bounce back higher
Nirupama VG, Founder, AdAstra Consultants, says performance improvement plans (PIPs) often carry a stigma, signalling underperformance or imminent termination. However, they can also be pivotal moments for employees to reset and excel.
Cryptocurrency prices on June 5: Bitcoin rises 3% to above $71,000 on Fed rate cut expectation
Bitcoin price surged by 3% to $71,000 in the last 24 hours, driven by expectations of a Federal Reserve rate cut in September following soft U.S. job openings data. Ethereum reached $3,807 and altcoins like BNB and Solana also saw significant increases.
Google's privacy chief to exit
Google's chief privacy officer, Keith Enright, is leaving the company this fall after 13 years. The departure is part of a broader reorganization within the privacy teams amid heavy government scrutiny over privacy issues.
Logistiex raises $250,000 in a bridge round led by PACE family office
According Logistiex the funds will be utilized to further enhance product development and expand the tech team. The company was founded by Sarvartha Kanchan and Vineet Agarwal in 2023.
Improvement in tech, backend processes & team strength needed to achieve IRDA objective: Shweta Rajani
It is welcoming move what IRDA has done because it now means that one within three hours in a normal case the insurance company has to authorize the entire documentation and the claim approval has to go through, not only that they are also emphasising that there should be a 100% claim and any claim rejection by the insurance company would internally need internal explanations and approvals.
Senior-level adtech and martech roles combine creativity, tech and business sense
The adtech (advertising technology) and martech (marketing technology) sectors require a unique balance of creativity, business acumen, and technological skills, especially at senior levels. Companies seek professionals with expertise in data analytics, AI/ML, and digital marketing, as these roles are crucial for connecting brands with customers and driving hyper-personalization.
Multitasking with shopping: Bengaluru techie's photo attending office meeting while buying sandals goes viral
Bengaluru's "peak Bengaluru moment" trend showcases the city's quirky charm through social media, where users share odd occurrences. A recent viral image depicted a woman multitasking by attending a team meeting while shoe shopping. While some found humor, others criticized it, reigniting debates on work-life balance. Similar instances highlight blurred work boundaries, prompting discussions on responsible practices in the digital age.
Tata Digital’s new team; Pine Labs’ India redux
Tata Digital chief executive Naveen Tahilyani has restructured the leadership team for the Neu super app. This scoop and more in today’s ETtech Top 5.
Entry-level jobs in telecom industry thrive despite broader workforce slowdown: TeamLease
Despite a general slowdown in headcount expansion in the Indian telecom industry, demand for entry-level customer-facing and technology roles remained strong. TeamLease Services data shows a growth in associate workforce by 51.05% in FY22, with a 31.41% expansion in FY24. Telecom companies focused on hiring field sales executives, customer relationship executives, and technology staff to support network operations.
Stupa Sports Analytics raises Rs 28 crore from Centre Court Capital, Peer Capital
Founded in 2020, Stupa Sports Analytics provides games federations and sports teams with analytics of player performance data, broadcasting capabilities and sports digitisation tools through its various platforms.
Boom in semiconductor industry drives demand for tech roles
The semiconductor industry in our country is experiencing rapid growth fueled by high demand and enabling government policies. Industry experts note a significant surge in demand for semiconductor professionals, with a conservative estimate suggesting a compound annual growth rate of around 100% in open positions over the last three years.
Google lays off at least 200 employees from its ‘Core’ teams: report
Google laid off 200 core team employees to cut costs. These core teams build Google's main products and keep users safe online. The company is moving some of these jobs to India and Mexico. This follows earlier layoffs in 2023 as Google restructures to focus on AI.
Ahead of June 4 (counting day) deadline: ECI tech team's options on verifying EVM microcontrollers likely before mid-May
Supreme Court's direction on EVM microcontrollers poses logistical and security challenges for the Election Commission of India. The technical expert committee is working on implementing the order before the Lok Sabha elections, including proposing options for microcontroller verification by mid-May.
Google lays off employees from key teams ahead of developer conference: report
Layoffs at Google's Flutter, Dart and Python teams come weeks after the tech giant terminated staff from its real estate and finance teams as well. Google has said the layoffs are not company-wide.
Staff safety on India Inc radar in troubled West Asia
Indian companies are closely monitoring the safety of employees in Israel, a West Asian innovation hub, amid the intensifying Israel-Iran conflict. Sun Pharma, with a presence in Israel through its subsidiary Taro Pharmaceutical, is taking steps to ensure the safety and wellbeing of its employees and their families.
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