Mukesh Ambani nears deal with top sovereign funds from Middle East for Jio

Any new investment would add to the $10 billion that Jio Platforms has raised in recent weeks.

from Tech-Economic Times https://ift.tt/3gK9eNs

Mitron TV app pulled from Google Play Store

A Google spokesperson confirmed that the app had been suspended from the Play Store since it violated its Spam and Minimum Functionality policy.

from Tech-Economic Times https://ift.tt/2U5CF2S

A Quess fix to the labour crisis

Business services firm Quess Corp is planning to use its technology platforms to link migrant workers with factories and organisations, ensuring their organised return to work amid a labour shortage in cities.

from Tech-Economic Times https://ift.tt/3crIGxg

Foxconn, Oppo, others may go for 41k-cr PLI sops

Top global players such as Foxconn and Wistron, manufacturers of Apple phones, Flex, Samsung, Oppo and Vivo are likely to apply for a production-linked incentive scheme (PLI) worth 41,000 crore as part of India’s massive push to wean away companies from China and emerge as the world’s hub for electronics production.

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Top 5 IT cos cut hiring as AI, automation take root

India's top five IT services providers have hired fewer people over the last five years when compared to their revenue growth, suggesting greater adoption of automation and digital technologies.

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Social media rhetoric against Chinese goods may be a nonstarter

Consumers will continue to pick up Chinese-made products that offer value for money.

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Large Indian IT firms earn more with lesser hiring

Tata Consultancy Services, Infosys, HCL Technologies, Wipro and Tech Mahindra are increasingly seeing double-digit growth in services delivered using artificial intelligence-based platforms, automation tools and other digital technologies.

from Tech-Economic Times https://ift.tt/2BjacQr