We do see a reduction in attrition levels from the peak of 2040% range to about 1525% now as the tresspassers will be employed phase has ended for the industry Companies are now becoming choosy about who they want to retain critical talent with the right skills, domain expertise and cultural fit, said Hyderabad Software Enterprises Association (HYSEA)s new president Manisha Saboo She said the work from office (WFO) component too has now hit the 2530% range with employees gradually accepting that they will have to come back.

Publication: The Times of India

With the semiconductor shortage easing a bit, the wholesale despatches of passenger vehicles (PVs) in May improved over the same month in 2019, which was a non-Covid year. However, sales were still lower than the level achieved in 2018 when the segment was witnessing a handsome growth. The two wheeler wholesale despatches during the month were not only far off from the volumes achieved three years ago, they were even below the figures attained nine years back.

Publication: The Financial Express

Taiwan Semiconductor Manufacturing Co. came in 10th, with its market cap reaching $541 billion, up by one notch from a year earlier. Amazons increased by 61 per cent in the year to March 2021, supported by the growing stayathome economy seen throughout 2020 and into 2021, although Amazon did not move up from fourth position.

Publication: Business Standard

The centre will be established as a finishing school for the youth of the state. With this, youth in the state will get opportunities to do certificate courses in the latest IT technologies like Artificial Intelligence, Machine Learning, Robotics and Virtual Reality and multidisciplinary research, a release said.

Publication: The Indian Express

The Ministry of Electronics and Information Technology (MeitY) is unlikely to relent on a requirement to report cybersecurity incidents within six hours, sources told ET, but may stretch the June 28 deadline for small companies to comply with the Indian Computer Emergency Response Team (Cert-In)’s recent guidelines on cybersecurity.

Publication: The Economic Times

As part of its efforts to make social media intermediaries and Big Techrun platforms more accountable, the IT ministry in February 2021 announced a set of expansive rules which, among others, required them to appoint a resident grievance officer, a resident compliance officer and a nodal contact person. According to the rules, platforms with more than 5 million users would be considered significant social media intermediaries and would have additional compliance burdens such as monthly compliance reports.

Publication: The Economic Times

SAP, the German business software firm, is scaling up its investments in India where it says the R&D workforce forms the “backbone” of the company. SAP Labs India, the firm’s largest research and development centre outside its headquarters in Germany’s Walldorf, will hire 3,600 people this year, said a top company executive on Thursday. SAP Labs India has already taken in 1,600 employees till May this year.

Publication: Hindi – Business Standard

AutoML automates all the tasks involved in developing and deploying ML models, from data acquisition, cleaning the data, training the model, and deploying the model to parameter optimisation. Students don’t need to be in the manual mode of hand-coding at this stage. For schools, universities, it is first important to identify any credible AutoML tool in the market – MS, Google, Amazon etc.

Publication: The Times of India