IT

The newly invoked non-compete clause by Infosys is not enforceable, according to several lawyers and recruiters. The clause prohibits new-comers from working on the same customer's projects across named rival companies for a certain phase of time since leaving the company. This move comes amid sky-high attrition. However, the IT giant has described this as a standard business practice, adding that it won't affect one's career growth.

Karnataka Government announced seed funding upto Rs 50 lakh for startups on January 16. Dr CN Ashwatha Narayan, the State Education Minister said, "The seed funding will be facilitated to additional 75 startups, to achieve the tally to 200 startups in the year". Addressing the National Startup Day, Narayan said, in 2021, Karnataka attracted Rs 1.60 lakh crore investment in 2021, 50% of India's entire investment from foreign companies. 

Taiwanese hardware MNC 'Acer' has been hit by a dangerous ransomware attack, where the company is being demanded to pay $50 million to hackers. Taking responsibility, hacker group 'The REvil' have threatened to leak data including the company’s bank balance and financial spreadsheets. The hackers also gave a deadline till March 28 to fulfil all the duties or face bitter consequences. Believed to have seeped through Microsoft vulnerability,… read-more

On September 3, the cabinet of Karnataka Ministry approved the new IT policy which paves way for 60 lakh jobs in the state. The IT policy 2020-25 aims at contributing 30% of the country’s trillion-dollar digital economy dream. Reportedly, the policy aims at retaining the state’s position in the field and encourage investments in the sector beyond Bangalore. Currently, Bangalore is the fourth largest technology cluster in the world.