Indian IT sector may lose 22 lakh employees by 2025, here's why

The attrition rate in the IT-BPM sector in India is reaching gigantic proportions and up to 22 lakh IT professionals are likely to quit their jobs by 2025, a report has said. https://ift.tt/hfNR5QU

ED seizes Rs 5,551 crore deposits of Chinese mobile company Xiaomi for FEMA violation

The competent authority under the Foreign Exchange Management Act (FEMA) has approved an order of seizure of over Rs 5,551 crore worth of deposits of Chinese mobile phone manufacturer Xiaomi, the highest amount frozen till date in India, the ED said Friday. The Enforcement Directorate (ED) had issued the order of seizure on April 29 under the FEMA and later sent it for approval of the competent authority, as required under the law that regulates foreign exchange violations in the country. https://ift.tt/g1hnp0v

Microsoft confirms two zero-day vulnerabilities in Exchange Server 2013, 2016, and 2019 are being exploited; one researcher suspects a Chinese threat actor (Sergiu Gatlan/BleepingComputer)

Sergiu Gatlan / BleepingComputer:
Microsoft confirms two zero-day vulnerabilities in Exchange Server 2013, 2016, and 2019 are being exploited; one researcher suspects a Chinese threat actor  —  Microsoft has confirmed that two recently reported zero-day vulnerabilities in Microsoft Exchange Server 2013, 2016, and 2019 are being exploited in the wild.

In a closely watched case, a UK coroner rules 14-year-old Molly Russell died by suicide after consuming extensive self-harm material on Instagram and Pinterest (Dan Milmo/The Guardian)

Dan Milmo / The Guardian:
In a closely watched case, a UK coroner rules 14-year-old Molly Russell died by suicide after consuming extensive self-harm material on Instagram and Pinterest  —  Inquest told 14-year-old took her own life while suffering from depression and had interacted with harmful social media content

Amazon rolls out its QVC-style livestream service Amazon Live in India, running ~15 per day hosted by 150+ creators from 10am-1am, covering electronics and more (TechCrunch)

TechCrunch:
Amazon rolls out its QVC-style livestream service Amazon Live in India, running ~15 per day hosted by 150+ creators from 10am-1am, covering electronics and more  —  Amazon has launched a QVC-style livestream shopping in India, the company said Friday, broadening its offerings in the key overseas market …

Bloomberg Intelligence: Apple moving just 10% of its production capacity out of China, where ~98% of iPhones are made, would take around eight years (Bloomberg)

Bloomberg:
Bloomberg Intelligence: Apple moving just 10% of its production capacity out of China, where ~98% of iPhones are made, would take around eight years  —  Supply Lines is a daily newsletter that tracks Covid-19's impact on trade.  Sign up here, and  —  American companies have had a growing list …