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India.com
4 minutes ago
- India.com
Ratan Tata's TCS sacked 12000 employees but still many workers are happy due to...
Ratan Tata's TCS sacked 12000 employees but still many workers are happy due to... The Tata Consultancy Services (TCS), India's largest IT services firm, has been in the news off late for laying off 12,000 employees which was about 2% of its global workforce. However, its latest decision has brought some cheer among the employees. The layoffs were being phased across FY26, and mostly target mid-to-senior-level professionals—precisely the talent layer companies rely on to maintain delivery quality and train younger teams. What is the reasons for layoffs? TCS has described these cuts as part of its strategy to become a 'future-ready organization'. Impact of AI: Customer needs are changing. Demand for routine software services has declined, rendering traditional roles irrelevant. Economic uncertainty: Global macroeconomic pressures and client budget cuts have impacted the IT sector. Pressure on the Bench Policy: As per the new policy, which will come into effect in June 2025, employees will have to work at least 225 billable days annually. Those who remain on the 'bench' for more than 35 days may risk their salary, promotion or even job. What are the impact on employees? Support measures: Affected employees will get retirement benefits, notice period compensation, outplacement assistance and extended insurance. The company claims that layoffs will be done gradually so that client services are not affected Forced Resign : Employees are complaining on platforms like Reddit, Glassdoor etc. that managers are forcing them to resign to 'clean up their profile'. This prevents them from getting retirement benefits. Union protest: Karnataka State IT/ITES Employees Union (KITU) has filed a complaint under the Industrial Disputes Act, 1947. A meeting with the labour department is scheduled for August 6. What is the big change in IT sector? This strategy of TCS is a sign of structural change in the Indian IT industry. Companies like TCS, Infosys, HCL Tech have recorded single-digit revenue growth in Q1 FY26. Due to the focus on AI, companies are preferring automation for routine tasks, leading to a reduction in traditional roles.


Business Standard
4 minutes ago
- Business Standard
iValue Announces Strategic Partnership with Cnergee to Deliver High-Performance, Quantum Secure, and Scalable SD-WAN SASE Solutions for Indian Enterprises
PRNewswire Bengaluru (Karnataka) [India], August 7: iValue Group, India's fastest growing strategic technology advisor, today announced a strategic partnership with Cnergee, a leading Indian innovator in secure SD-WAN SASE technologies. The partnership brings together iValue's go-to-market strength and Cnergee's patented networking capabilities to address the growing demand for secure, agile, and sovereign networking infrastructure in India. * This partnership marks a pivotal step for both organizations, focusing on mutual growth and increased market footprint. iValue will now offer access to Cnergee's PMTA-based SD-WAN platform, a field-proven solution trusted by India's largest PSU banks and deployed across 20,000+ locations in over 500 cities. The platform delivers highly resilient, packet-level WAN aggregation, enabling enterprises to maintain uninterrupted access to critical applications and services. As Indian enterprises scale digital infrastructure, the need for dependable, secure, and compliant networking has become a top priority. Cnergee's SD-WAN is engineered to address this demand with its patented Packet-wise Multi-session Tunnel Aggregation (PMTA) technology. The platform intelligently aggregates MPLS, broadband, and 4G/5G WAN links at the packet level, ensuring true bandwidth aggregation, low latency, and seamless failover. Beyond standard VPNs, Cnergee embeds quantum security at its core. The solution provides 256-bit AES encryption with dynamic key rotation capability to rotate keys from per packet to 10 minutes, making data interception virtually impossible. Combined with an integrated Next-generation firewall, IDS/IPS capabilities, DLP and LAN-WAN virtualization, Cnergee provides a multi-layered defence that is essential in today's threat landscape. For IT teams managing complex environments, Cnergee simplifies deployment through true Zero-Touch Provisioning enabled by eSIM. With true Zero-Touch Provisioning Cnergee's SD-WAN allows for rapid and efficient deployment across diverse locations, eliminating the need for on-site technical expertise. A centralized orchestrator offers a single pane of glass to monitor and manage the entire network infrastructure (across LAN, WAN, and perimeter) helping reduce operational complexity while enhancing visibility and control. Choosing Cnergee means opting for a solution built from the ground up in India, free from open-source dependencies in its core. This mitigates supply chain risks especially for sensitive environments like BFSI or Healthcare, ensures data sovereignty, compliance with data privacy norms, and aligns with national security priorities. Commenting on the partnership, R Venkatesh - Co-Founder and CRO at iValue Group said, "Enterprise networks must deliver performance and control without compromising on security. Our partnership with Cnergee brings a field-proven SD-WAN platform that delivers just that: reliability, agility, and data sovereignty. As a solution engineered and scaled in India, Cnergee is a strategic fit for organizations navigating both digital transformation and compliance challenges. This aligns with our vision of delivering sovereign, resilient, and future-ready solutions to public and private enterprises. Cnergee's unique capabilities, especially around dynamic encryption, zero-touch provisioning, and centralized network orchestration, will bring immediate value to CIOs and CISOs looking for performance and control. We're excited to take this to our ecosystem of partners and customers across industries." "iValue enables strategic reach and consultative selling enablement for Cnergee to simplify and optimise the IT infrastructure for enterprises, SMBs and Governments. Cnergee's solution enables reduction of Total Cost of Ownership (TCO) and iValue managed services approach enables significant saving for customers," said Sameer Kanse - Chief Business Officer at Cnergee. With this partnership, iValue continues to advance its mission of enabling enterprise transformation through curated technology portfolios that are relevant, compliant, and future-ready. About iValue Group iValue Group, the fastest-growing Strategic Technology Advisor, secures and manages enterprises' digital assets in hybrid-cloud environments. With 500+ experts, we offer custom solutions and services, partnering with top OEMs across India, SAARC and SEA. iValue cloud-based CoE showcases 25+ integrated solutions stack across OEMs to facilitate risk-free technology adoption in double quick time for our Partners' business growth. iValue has a direct presence across India, SAARC and Southeast Asia, with local teams covering business and technical needs of partners to address their customer's needs across the regions. Reach out to iValue Group: About Cnergee Cnergee is a Make in India, secure-by-design integrated Network Security OEM and a leading provider of innovative and reliable internet services. Cnergee offers a comprehensive suite of solutions, including SD-WAN, Next-Gen firewalls, Data Diode, Managed WiFi, and DLP (Data Loss Prevention). Our mission is to secure organizations against modern cyber threats providing them with tools for Network and endpoint security. Cnergee's solutions are built from the ground up, utilizing its patented PMTA (Packet-wise Multisession Tunnel Aggregation) technology with C and Embedded Linux framework to deliver industry-leading security and predictable performance. Backed by a commitment to excellence, Cnergee is the trusted partner for all your network security needs across BFSI, Energy, Manufacturing, Retail and smart city projects. Reach out to Cnergee:


Mint
4 minutes ago
- Mint
SoftBank Swings to Profit on Nvidia Bet Ahead of Big AI Campaign
(Bloomberg) -- SoftBank Group Corp. swung to a profit in the June quarter, bolstered by gains in its holdings including Nvidia Corp. and Coupang Inc., in a boost for founder Masayoshi Son's planned bets on artificial intelligence technologies. The Tokyo-based company reported net income of ¥421.82 billion ($2.9 billion) in its fiscal first quarter, versus the average of analyst estimates compiled by Bloomberg of ¥158.23 billion. The Vision Fund logged a ¥451.39 billion profit. Son is doubling down on bets geared to help him capitalize on booming investment in AI hardware. As part of that shift in focus, SoftBank has been building stakes in Nvidia and Taiwan Semiconductor Manufacturing Co. among others, while selling off less relevant assets. SoftBank increased its stake in Nvidia to more than $3 billion as of end-March, helping the Japanese investor benefit from the AI accelerator maker's 46% rally during the three months through June. US President Donald Trump's threat to unleash 100% chip tariffs but exempt companies moving production to America is infusing optimism for SoftBank's $500 billion Stargate data center foray with OpenAI and Oracle. That nudged the Japanese company's stock up around 1.5% on Thursday, putting it on track to pass a record high it hit the day before. 'Our longer-term outlook for SoftBank Group is cautiously optimistic, with a consensus toward continued business expansion,' said Ashwin Binwani, founder of Alpha Binwani Capital. 'We are prepared for volatility and see it as a buy-the-dip opportunity.' The 67-year-old SoftBank founder seeks to play a more central role in the spread of AI through sweeping partnerships such as Stargate and a planned $30 billion investment in OpenAI. Son is also courting TSMC and others about taking part in a $1 trillion AI manufacturing hub in Arizona. But concern over whether SoftBank can manage multiple mass-scale funding needs as interest rates inch up is keeping its stock at a significant discount to the total net asset value of its holdings. Some of the conversations behind Stargate have slowed due to market volatility, uncertainty around US trade policy and questions around the financial valuations of AI hardware, Bloomberg News reported in May. 'Key points to consider in assessing SoftBank include whether investment in the Stargate Project involving AI infrastructure in the US will progress; whether additional investment in OpenAI amid a fluid management situation is tenable,' SMBC Nikko Securities analyst Satoru Kikuchi wrote in a note earlier this year. --With assistance from Aya Wagatsuma. More stories like this are available on