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Union Budget 2021: Here s how Indian tech industry reacted
Union Budget 2021: Finance Minister Nirmala Sitharaman today announced the Budget 2021 that will be applicable for the upcoming fiscal year starting April, 2021. Here s how the tech industry reacted:
Ketan Patel, Managing Director, HP India Market, said, Todayâs budget announcement confirms governmentâs focus on developing infrastructure and skills which will have short and long term benefits to Indian economy & people. From a technology point of view, the incentives for creating digital infrastructure, education and skilling spells out the governmentâs intent on developing the countryâs human capital. Steps like international collaboration to develop new skills will help Indian youth prepare for modern job requirements and make them global-ready.
Post layoffs, Indian platforms look to hire key employees from ByteDance
(Photo: AFP)
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Indian short-video platforms are looking to hire key employees from Chinese company ByteDance, now that the TikTok owner has announced significant downsizing in India. While the two richest Indian short video platforms, ShareChat and DailyHunt, haven’t publicly commented on the issue, smaller ones like Chingari, Bolo Indya, Mitron and Trell have all said they will be looking to hire employees who are leaving the Chinese giant.
“While these are super tough times, we would love to have you guys build something solid at Chingari for the larger Bharat, Aditya Kothari, co-founder of Chingari said in a LinkedIn post addressed to ByteDance employees. The company also issued a statement saying the same.
Updated: January 29, 2021 8:59 PM IST
It is unlikely that TikTok will return to India ever again. Reports circulating on the internet suggest that the Indian government has put a permanent ban on the short video platform alongside some of the other Chinese applications including PUBG Mobile. This hasn’t been officially confirmed by any government body but ByteDance’s TikTok’s parent company latest move says it all. Earlier this week, ByteDance laid off over 1800 employees in India and is reportedly looking to shut shop in the country. Indian TikTok rivals are grabbing this opportunity and how. Also Read - Pakistan court orders Telecom authority to block TikTok in the country
Key employees laid off from ByteDance may be hired by Indian platforms
January 29, 2021
Indian short-video platforms are looking to hire key employees from Chinese company ByteDance, now that the TikTok owner has announced significant downsizing in India.
While the two richest Indian short video platforms, ShareChat and DailyHunt, haven’t publicly commented on the issue, smaller ones like Chingari, Bolo Indya, Mitron and Trell have all said they will be looking to hire employees who are leaving the Chinese giant.
“While these are super tough times, we would love to have you guys build something solid at Chingari for the larger Bharat,” Aditya Kothari, co-founder of Chingari said in a LinkedIn post addressed to ByteDance employees. The company also issued a statement saying the same.