News Updates - KDEM - Technology Enabler

Global capability centres expand operations in India, hiring more IT talent – Business Standard

While Indian IT services firms are currently focusing on utilising their existing workforce, global capability centers (GCCs) are aggressively hiring new talent, according to a report published in The Financial Express (FE).

July 8, 2023

Melbourne releases guidelines to support international student talent under new strategy – The Economic Times

Melbourne has released a new framework for international students to recognise the role of international education sector in Melbourne’s economic development. It plans to facilitate foreign investment by leveraging diaspora and alumni communities, including international students in Melbourne.

July 8, 2023

Talent retention vital for cutting edge development in country: Sridhar Vembu – The New Indian Express

Patrick Fernandes, adviser to Indian government on semiconductor manufacturing and former Texas Instruments senior executive said electronics manufacturing should contribute nearly USD 1 trillion to achieve the USD 5 trillion economy goal of the government.

July 8, 2023

Trust and Talent Unite: Casting Bell s Launch set to Mark a New Era in the Entertainment Industry – MID-Day

The lack of reliable platforms or resources for connecting with genuine recruiters and casting directors further compounds the issue, leaving these talented individuals feeling frustrated and disheartened.

July 8, 2023

African startups seek an angel amid myriad funding challenges – The Economic Times

But achieving liftoff for the award-winning Ethiopian startup has been no easy task. According to its youthful boss, it has had to fight tooth and nail to raise funds. Kubik takes in bundles of discarded plastic and sorts them into piles.

July 8, 2023

Change is happening in banks with innovation from startups and fintech: IDFC First Bank CEO V Vaidyanathan – Money Control

Vaidyanathan said that innovation by startups and fintechs is leading a change in the Indian banking sector. Banks in India are witnessing change and innovation in every stage due to the innovation from startups and fintechs, said V Vaidyanathan, Managing Director and Chief Executive Officer (MD and CEO), IDFC First Bank.

July 8, 2023

E-commerce roll up startups Evenflow and Upscalio lose sheen as funding dries up – Entrackr

Thrasiostyle roll up marketplace model grew popular in India during 2021 and over half a dozen firms in this space attracted nearly Rs800 million in equity and debt funding. The space promised to build an online version of Unilever and P&G.

July 8, 2023

Indian startups witness 72% decline in funding during H1 2023: Report – Live Mint

Indian startups witnessed a 72% decline in funding during the first half of 2023 as compared to last year in the same period, according to a report titled Tracxn Geo SemiAnnual Report: India Tech H1 2023 .

July 8, 2023

KPMG in India kickstarts search for innovative startups in Energy – CXO Today

The 3rd edition of ENRich 2023 startup search begins on 6th July 2023. This search coincides with KPMG in India s annual flagship Energy and Natural Resources Conclave ENRich and will be conducted via KPMG Illuminate, a systematic, endtoend innovation management platform for earlystage startups and another one for mature startups.

July 8, 2023

Recur Club launches Rs10 Mn fund to back green startups – Entrackr

Revenuebased financing platform Recur Club has launched Regreen Fund, a sustainable finance program dedicated to investing in startups actively working towards a greener and more sustainable future.

July 8, 2023

Startups and their new normal: Funding crunch, disgruntled employees and allegations of fraud – The Economic Times

There’s always a first in the startup world Online pharmacy major PharmEasy is slated to be among the first large tech startups to have a 90% markdown in its valuations in its latest fundraising round.

July 8, 2023

Venture Capital firm admits overpricing startups, calls for realignment of expectations – Money Control

Earlier at the Conclave, Zerodha cofounder and CEO Nithin Kamath and PhonePe cofounder and CEO Sameer Nigam agreed that the total addressable market size for startups could be only around 100 million.

July 8, 2023

Zerodha CEO Nithin Kamath warns against overselling in startups, calls for realistic expectations – CNBC TV18

Nithin Kamath, founder and CEO of Zerodha, in a recent interview, shed light on the governance lapses prevalent in some startups, attributing them to the overhyped potential of the Indian market.

July 8, 2023

KDEM – The New Indian Express

The budget lays emphasis on skill development, recognising the value of a highly-skilled workforce for digi revo lution. We welcome the allotment of 100 acres for a Semicon park in Bengaluru which will provide a massive boost to the ESDM sector in the state. (Karnataka Digital Economy Mission)

July 8, 2023

Karnataka Budget: Focus on innovation and technology beyond Silicon Valley – Deccan Herald

The tech park will provide services in testing, design, innovation, research and development of semiconductors, besides housing a Technical Research Institute, the CM said in his budget speech. The proposed semicon park has been welcomed by the Karnataka Digital Economy Mission (KDEM).

July 8, 2023

Focus on innovation and technology beyond Silicon Valley – Deccan Herald – Bangalore

The proposed semicon park has been welcomed by the Karnataka Digital Economy Mission (KDEM). “This will provide a massive boost to the Electronics System Design and Manufacturing (ESDM) sector in the state,” said Sanjeev Gupta, CEO, KDEM.

July 8, 2023

Assocham Proposes CGST, IGST Act Amendments For Levy On Intermediary Services To Foreign Entities – Business World

The government must issue appropriate notifications or introduce suitable amendments in the central goods and services tax (CGST) and integrated GST Act to determine the type of levy on intermediary services provided from India to entities outside India, said industry body Assocham in a report.

July 8, 2023

Cybersecurity careers on the rise: Why students in India should consider joining the cyber squad! – Times of India

According to NASSCOM, the Indian cybersecurity market is expected to grow to Rs35 billion by 2025, creating over 1 million job opportunities. This presents a huge opportunity for those interested in pursuing a career in cybersecurity.

July 8, 2023

Emerging Threats in Automotive Cybersecurity: Challenges and Opportunities – ELE Times

In this article, we will delve into the emerging threats in automotive cybersecurity, explore the challenges they pose, and shed light on the career opportunities that arise in this dynamic field.

July 8, 2023

From Apes to Artificial IntelligenceTrials and travails of humans – SiaSat

Hyderabad, the capital has emerged as the destination for the top global companies and centre of innovation and technology. He quoted how the IT sector grew from Rs 56,000 crore in 2014 to Rs 2,41,000 Cr in 202223 at an annual rate of 31.44 percent. In job creation it had surpassed Bengaluru in 202223 as per NASSCOM, he added.

July 8, 2023

Harnessing the power of generative AI and observability – Express Computer

It’s hard to find a business that hasn t already migrated to the cloud or doesn t have immediate plans to make the shift. Research from Nasscom has found that 53% of India s enterprises increased their cloud adoption over the past year; enabling them to scale quickly and innovate rapidly.

July 8, 2023