Indian IT Majors to Hire 3,500 in UK
Indian IT services providers including Infosys, HCL Technologies, Wipro and Mphasis have plans to 3,500 jobs in the UK over the next few years to support the country’s economic recovery and growth.
Mphasis and Wipro have together committed about 50 million pounds in investment. Infosys has announced plans to hire 1,000 people in the UK over the next three years.
New employees will work on cutting-edge innovation in the digital space, including cloud computing, data and analytics, artificial intelligence, open source technologies and enterprise services to support some of the world’s largest organizations navigate their digital journeys, Infosys said in a statement.
The Enhanced Trade Partnership agreement between India and the UK has created opportunities for British businesses in India across industries including food and drink, life sciences and the service sector.
Teachmint Raises $16.5 Million in Funding
Edtech startup Teachmint has raised $16.5 million in Series A funding led by Learn Capital. Existing investors Lightspeed and Better Capital also participated in the round, along with CM Ventures.
The fresh infusion of capital is expected to be used for hiring talent, R&D on teaching technology, strategic acquisitions, and further market expansion.
The Bengaluru-based startup enables teachers to digitise their classrooms. It claims to have over 700,000 teachers on its platform.
This is Teachmint’s third round of investments within 10 months of its launch in May 2020, making it one of the fastest edtech startups in India to raise more than $20 million in capital.
EU Accuses Apple of Antitrust Laws Breach
European Union regulators have accused Apple of violating the bloc’s antitrust laws, alleging the iPhone maker distorts competition for music streaming by imposing unfair rules for rival services in its App Store. The EU’s executive Commission said it objected to Apple’s rules for music streaming services that compete with its Apple Music service, saying they end up costing consumers more and limiting their choices.
The charges underscore the long-running feud over app payments between Apple and popular music streaming service Spotify, which filed a complaint that sparked the investigation. Regulators in Brussels are also investigating other big US tech companies like Amazon and Google, amid a growing global movement to rein in their power.
The EU’s competition commissioner, Margrethe Vestager, outlined two main concerns. One centers on Apple’s practice of forcing app developers selling digital content to use its in-house payment system, which charges a 30 percent commission on all subscriptions. The other concern is that Apple prevents app makers from telling users about cheaper ways to pay for subscriptions that don’t involve going through an app.
