CLOUD SERVICE DISRUPTION
Securing the New Silk Route: Why India must build digital sovereignty
The article draws parallels between historical trade dominance and current digital sovereignty, highlighting concerns about data control and potential threats to national self-determination. It suggests India should prioritize building indigenous digital platforms and infrastructure to counter the influence of foreign tech giants.
Microsoft says Azure cloud service disrupted by fiber cuts in Red Sea
In an updated status message for its Azure system, the company said its users may experience service disruptions on traffic routes through the Middle East.
Tech layoffs 2025 surge in US: Amazon, Microsoft, Meta slash thousands of jobs. Check full list of companies affected
In 2025, the US workforce faced significant disruptions due to federal layoffs, corporate restructuring, and economic pressures. Tech giants like Oracle, Salesforce, Intel, and Amazon announced substantial job cuts, often linked to AI adoption. Companies such as Block, Meta, Microsoft, and Google also implemented layoffs as part of restructuring and cost-cutting initiatives.
Zomato, Swiggy's GST woes; Amazon's $200-million Axio deal
With the overhaul of India's GST regime, food delivery companies Zomato and Swiggy stare at a new tax burden. This and more in today's ETtech Top 5.
Salesforce shares drop as weak revenue view signals delayed AI returns
Rising investor bets on AI-driven cloud companies are pressuring them to deliver hefty returns on their billion-dollar investments into the breakthrough technology, even as economic uncertainty forces customers to pull back on spending.
Uncertainty hits IT, hiring demand falls 10% in August
Hiring at India's IT services companies has slowed since the start of the second quarter and the trend is likely to continue, according to staffing firms. In the current quarter that ends on September 30, there has so far been a 2-3% decline in demand for legacy tech jobs, but hiring has been strong for specialised roles involving artificial intelligence (AI), machine learning (ML), cloud, data and cybersecurity.
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Israeli cyber security firm Cato Networks buys Aim Security, raises another $50 million
Cato in June raised $359 million in a funding round, valuing the cybersecurity firm at more than $4.8 billion, as investors bet on growing demand for artificial intelligence-driven security and networking solutions.
TCS shares in focus after €550 million digital transformation deal with Tryg
TCS shares: TCS inks €550 mn, 7-year deal with Scandinavia’s Tryg to drive digital transformation across Denmark, Sweden and Norway.
Market Wrap: Sensex rises 555 points, Nifty tops 24,620, snapping 3-day losing streak after upbeat GDP data
Indian markets rebounded strongly, fueled by robust GDP data and optimism surrounding potential GST rate cuts. Auto and IT sectors led the gains, while global cues were mixed amid a U.S. holiday. The rupee stabilized after hitting a record low, and oil prices edged higher despite demand concerns related to U.S. tariffs.
The Economic Times Startup Awards 2025: And the big winners are…
Top entrepreneurs and business leaders gathered in Bengaluru on August 28 to pick the winners of The Economic Times Startup Awards (ETSA) 2025.
ET Startup Awards 2025: Bootstrap Champ: Low burn and high agility take Minfy to cloud nine
Founded in 2010 by brothers Vijay and Vivek Jain, Minfy began with the insight that the cloud would become the foundation of enterprise technology.
Dexter: Resurrection Episode 10 leaked online, will the finale be released early?
Dexter: Resurrection has quickly earned a reputation as one of television’s most successful revivals, drawing praise from critics for its sharp writing and gripping suspense. Currently streaming on Paramount+ and Amazon Prime Video, the series holds an impressive 95% critics’ score on Rotten Tomatoes.
ETSA 2025 jury meet; and other top tech and startup stories his week
Welcome to a new edition of ETtech Unwrapped — our weekend newsletter packed with the most important stories from this week. Let’s take a look at the recap.
Pro-Palestinian protesters storm Microsoft President Brad Smith’s office over ties with Israeli government
Pro-Palestinian activists from NOAA stormed Microsoft’s Redmond headquarters, demanding it cut Azure ties with Israel. They entered president Brad Smith’s office and were arrested. The protest follows ongoing unrest over Microsoft's alleged support of Israeli surveillance. Earlier reports also claim Microsoft blocked internal emails with words like “Palestine” and “genocide”.
Capgemini to acquire cloud services firm Cloud4C
Financial details of the deal have not been disclosed. The deal brings to the table immediate cross-selling opportunities across Capgemini clients. It is also expected to help the Capgemini Group to further develop industry-specific packaged frameworks, IP, and GenAI solutions for cloud management and seamless migrations.
Rs 6 lakh crore gone! Sensex falls 849 points, Nifty slips below 24,750. Trump tariff bomb and 6 other reasons why stock market fell today
Stock Market Crash Today: Indian markets plummeted as the U.S. imposed tariffs on Indian goods, sparking investor concerns. Sensex and Nifty fell by 1%, with broad market capitalization shrinking significantly. This decline was further fueled by FII selling, rupee weakness, and negative global cues, overshadowing positive domestic factors like potential GST reforms.
Bumpy skies: How climate change increases air turbulence
As climate change intensifies, air turbulence is projected to worsen, posing risks to passenger safety and increasing fuel consumption. Clear-air turbulence, particularly dangerous due to its invisibility, is on the rise because of shifting jet stream patterns. Scientists are exploring improved forecasting and route optimization, while airlines consider stricter seatbelt policies and cleaner fuels to mitigate the impact.
Heavy rains, flooding disrupt delivery businesses in Mumbai
Food delivery and quick commerce platforms had suspended operations for several hours in areas experiencing severe waterlogging. High-velocity winds and flooding have scared delivery partners, who are demanding an increase in the rain fee from Rs 20 to Rs 40.
ETtech Explainer: Rapido’s bold challenge to Zomato, Swiggy amid sector slowdown
Rapido has launched a food delivery app, Ownly, in Bengaluru, challenging Zomato and Swiggy. Offering lower restaurant commissions and fixed delivery fees, it aims to attract cost-conscious users. While food delivery growth is slowing, Rapido hopes its efficient model and two-wheeler fleet can make Ownly a sustainable third option.
Tariffs and geopolitics may drive down global tech spending growth
Global technology spending is projected to fall short of $6 trillion due to tariffs and trade uncertainties, impacting IT business growth in 2025. Forecasts have been successively slashed by leading firms, with even optimistic predictions hinting at a maximum 7% budget increase. This slowdown poses challenges for India's outsourcing industry, though AI and cloud demand offer some resilience.
Taxman eyes crypto code; China stalls India tech JVs
We’ve got fresh details on India’s crypto regulation push, plus a look at China’s tech deal delays. This and more in today's ETtech Top 5.
GIFT Nifty up 240 points; here's the trading setup for today's session
Indian stock markets recovered after six weeks, closing almost one percent up. Investors will watch India's manufacturing and services data for growth clues. Nifty faces resistance at 24,770. India VIX increased slightly. Some stocks are under F&O ban. Foreign investors sold shares, while domestic investors bought. Rupee weakened against the dollar. FII positions in futures remained stable.
Secret US military space mission aboard Vulcan Rocket sparks strange light sightings across US skies
A classified US Space Force mission aboard United Launch Alliance’s Vulcan rocket ignited public curiosity after strange lights were spotted across the eastern and midwestern United States. The USSF-106 launch, carrying experimental defense payloads, marked a milestone for national security space operations and coincided with the Perseid meteor showers
Wealth creation: Look beyond the obvious in some things; 10 fertilizer sector companies worth watching
The fertilizer sector is, of course, a key sector for India. Not only because it impacts the lives of a large number of farmers, but also for two more reasons. One, because India imports a lot of fertilizers. And two, it is critical for food production and hence food inflation. So, a very important sector from all perspectives. So, why are we talking of a sector that has been underperforming for a while now? Because of a stray bit of news emerging out of China.
PwC India plans to triple its revenue and create 20,000 jobs in next five years
PwC India unveils Vision 2030, targeting a threefold revenue increase in five years. The firm will invest heavily in technology and talent. Focus will be on digital transformation and sustainability. PwC plans to add 20,000 jobs, expanding into Tier 2 and 3 cities. The strategy prioritizes key sectors like financial services and technology.
P2P lenders' RBI plea; GenAI dreams draw dollars
Happy Tuesday! P2P lenders are hoping for some respite from India’s central bank amid regulatory squeeze. This and more in today's ETtech Morning Dispatch.
Under the sea, for sake of strategy: Why foreign powers hold India’s digital pulse
India’s economic and political sovereignty hinges on subsea cables that carry almost all first-mile internet traffic, yet most are owned, laid, and repaired by foreign powers. This leaves India exposed to espionage, cyberattacks, and even deliberate sabotage in times of tension. The US, China, and a handful of corporations dominate this infrastructure, while India controls only a fraction of it. To secure its digital future, India must urgently invest in its own cable repair fleet, expand landing stations, and enshrine subsea infrastructure in national security law even if it means forging alliances with geopolitical rivals.
AI isn't the only culprit: GCCs in the spotlight in India's IT layoff story
Vishal Sikka's early bet on global capability centers (GCCs) is now a reality as more companies insource tech operations in India. This shift challenges Indian IT giants, facing talent and business losses. While offering GCC-as-a-service, they navigate AI challenges and tariff risks under Trump admin, impacting both IT firms and GCCs.
Indian cloud companies to storm local skies with low-cost advantage
Indian companies are competing with global giants in the cloud market. They offer sovereign cloud solutions with lower costs. Airtel, Reliance, Tata Communications, and Yotta are targeting local businesses. They aim for 30-50% cost savings compared to Microsoft, Amazon, and Google. Challenges include limited technology and high migration costs. Hyperscalers have partnerships with Indian telecom operators.
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