Nasscom in a statement has said that the top 5 IT firms of India will be adding 96,000 new jobs. In FY21, the IT industry hired almost 138,000 people and has a strong plan for FY22. At present, 250,000 people are getting upskilled in digital skills and 40,000 have been hired. Nasscom pointed out that the BPM industry of India hires 1.4 mn people and not 9 mn as reported by a BoA study. As of March 2021, the IT-BPM sector has employed 4.5 mn people.
GMR Hyderabad International Airport, to improve passenger experience and reduce wait time, implements Queue Management Systems combining IoT security cameras and AI video analytics in collaboration with AllGoVision Technologies. The advanced video analytics platform analyses the video feed from cameras and uses Deep Learning-based AI models to accurately estimate passenger statistics and help in reducing wait time for a quality experience and safety in COVID times.
Pune-based startup Cuelogic technologies have been acquired by L&T Infotech for $8.4mn. This is L&T’s seventh acquisition since 2016. The acquisition will provide L&T with 300+ employees and 100+ products. Cuelogic focuses on cloud-native web and mobile apps. They reported revenue of $5.5 mn in FY21 and work in areas like UX Consulting, DevOps, AI Consulting, IoT, Applications Modernisation, and Cloud Architecture & Integration.
Cybersecurity researchers have found a flaw in the encryption algorithm used for GPRS or 2G cell phones. This may have allowed hackers to gather information on data traffic for over 20 years. Experts suggest that the flaw in GEA-1 was created intentionally to allow a backdoor for law enforcement agencies. The GEA-1 algorithm was supposed to be removed from smartphones back in 2013 but researchers have found them in android and iOS devices, as well.
Swedish telecom gear maker Ericsson predicts 26% of Indians (330 mn) to have 5G subscriptions by 2026. 4G is estimated to grow from 680 mn in this year to 830 mn in 2026, growing at a CAGR of 3%. The study also suggested that India could see 40 mn users in the first year of the launch of 5G. It also predicts smartphone subscriptions to reach 1.2 bn by 2026 as compared to 810 mn in 2020, growing at a CAGR of 7%.
American Airlines, Southwest Airlines, United Airlines, and Delta Air Lines websites faced an outage on Thursday, reported by downdetector. Almost 1000 users reported problems with Southwest airlines, 400 reported with Delta airlines, 300 reports for the other two companies. Nearly 300 flights on Wednesday were canceled by SouthWest airlines and delayed over 500 a day due to a technical issue. The reason for the outage was not known.
Internet outages affected the Australian central bank, the postal service, commercial lenders, and many other companies. Operations to buy long-dated government bonds were canceled by the Reserve Bank of Australia due to internet issues. Many of the affected websites were back online by late afternoon. The CBA saw a widespread impact on its businesses due to the outages. The issue was with the host and the internet service provider.
India’s first gaming firm, Nazara Technologies backed by Rakesh Jhunjhunwala, is looking to buy a majority stake in PublishMe. The investment will be around Rs 20 cr for 69.82 % stake in Publishme’s parent Arrakis Tanitim Organizasyon Pazarlama. Post deal PublishMe will become a full-fledged publisher in the MENA region. PublishMe CEO Özgür Özalp will be joining the ‘Friends of Nazara’ network to work alongside other companies acquired by Nazara.
TataSky has signed a long-term on-demand enterprise deal with WeWork. As per the deal, TataSky’s 250 employees can work at any of WeWorks locations, starting May 2021. The on-demand enterprise service has provisions of a microsite that allows them to seamlessly book workspace, conference rooms, parking, and other amenities. Since lockdown, WeWork has seen 10% growth with a sale of 10,000 desks in just the Jan-March period.