Covid-19 pandemic accelerates spending in tech, digital transformation deals up 30%: Nasscom

In a joint report, Future of Technology Services – Navigating the New Normal, prepared by Nasscom and McKinsey, the industry body has found out 80% jump in cloud spending since the pandemic.

from Tech-Economic Times https://ift.tt/3g1kXXU

Sequoia India partners with Niti Aayog's WEP to promote women entrepreneurship

Sequoia India will mentor a select cohort of aspiring women founders to help equip them with domain knowledge and skills for setting up and scaling their businesses.​

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

RBI pulls up HDFC over outages, tells bank to halt all digital launches, new credit cards

The regulator has sought an explanation from HDFC Bank about an interruption in digital services on November 21. This is the third disruption of digital services that HDFC Bank customers have faced in the past two years.

from Tech-Economic Times https://ift.tt/33G9R5E

Flipkart hives off PhonePe, digital payments company to be valued at $5.5 billion

PhonePe has in the process raised primary capital of $700 million in a round led by Walmart.

from Tech-Economic Times https://ift.tt/33DfEc6

New-age companies like Netflix, Airbnb top H-1B salaries

Larger tech companies recruit H-1B talent to perform diverse types of tasks, including a few with specialised skills that command premium salaries

from Tech-Economic Times https://ift.tt/3mD9ssf

PayU leads $7 million funding in wealth-tech startup Fisdom

Fisdom plans to use the capital raised for acquisitions and to widen its range of products

from Tech-Economic Times https://ift.tt/33CSyTe

Apple sued in EU over iPhones that wear out too quickly

Apple last month agreed to pay $113 million to settle a case with multiple US regulators while customers are seeking approval from a US court for a class-action settlement that could be worth as much as $500 million.

from Tech-Economic Times https://ift.tt/3lsyx7W