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  • Take the Pressure Off: How to Help Your Team Through a Busy Work Period

    When you take up a management position, it affects how well your team performs. You need an extensive and polished skill set to help your team members realise their collective and individual objectives.

    A huge part of doing this effectively is being a reliable source of support for your team. Inevitably, in any workplace, there will be periods of time when things get extra busy or stressful — it is your job as a manager to help your team through this as seamlessly as possible. There are many ways you can do this.

    Identify the Signs of Overwork and Stress

    Identifying signs of too much work and stress within your team is very important in maintaining a healthy working environment and ensuring productivity. Burnout and stress symptoms can be identified in various ways such as increased absenteeism, frequent errors, irascibility, and a noticeable decline in interest and involvement. Workers might also display some physical signs like tiredness, headaches or just feeling weak and rundown overall.

    The consequences of an overworked and stressed team not only affect an individual’s performance but may also hinder team-building activities, thus reducing overall productivity levels. In addition to this, low morale can set in when staff members become overwhelmed by tasks and feel unappreciated, thereby creating an environment full of negativity towards work.

    When you identify these signs in your team, you should intervene promptly to reduce the impact. You can do this by frequently communicating with your employees, offering assistance where needed, and ensuring there are relevant support systems designed for handling stress among employees.

    Allow Flexible Work Arrangements

    Giving your employees flexible working hours and allowing them to work remotely can be very beneficial in relieving pressure in the workplace. This strategy can result in more job contentment, better productivity, and improved work-life balance.

    In a survey conducted by Gartner Digital Worker Experience in 2021, 43% of people who had flexible schedules at work reported that they experienced less stress and achieved more productivity by engaging more in what they do. For instance, remote work options and flexible hours have been very successful among many tech companies such as Google and Microsoft leading to higher staff retention rates and overall satisfaction levels with the job itself.

    If you want to introduce flexibility into your workplace, begin by evaluating what your team wants or needs from it. Clearly communicate expectations around remote working supported by the necessary technology already set up. Review regularly and adjust policy so that it aligns with business goals and employee requirements over time.

    Outsource Specific Tasks

    Outsourcing specific tasks is a very effective strategy to reduce pressure when your staff has an overwhelming workload during busy periods. By outsourcing non-core functions to external experts, your team can deal with more important and high-impact tasks that need to be done in-house. This not only increases efficiency but also brings in knowledge that may not be available internally.

    There are many tasks that can be outsourced like administrative work, customer service, or IT support. For example, data entry jobs, payroll processing services and tech support are common time-saving activities which can be done by other people on behalf of your staff. Marketing and creative services is another area that you can outsource, for instance, you can hire white label link building services to help with your digital marketing endeavours.

    Reward Hard Work

    To continue having motivated and productive employees, it is vital to recognize their efforts. This recognition can either be monetary or non-monetary. Financial rewards include salary increments and bonuses while non-financial rewards include public appreciation, extra days off work, and career advancement opportunities. These incentives greatly influence employee motivation and productivity. When an individual feels valued within an organisation, they become more involved in the job therefore resulting in higher performance levels, benefiting all parties involved.

    Encourage Open Communication

    It is crucial to have open communication in the workplace. This is because it builds trust between employees and creates an environment where thoughts and opinions can be expressed freely. As a leader, you should be approachable, amicable, and willing to listen actively to your team members. You can encourage open communication through regular check-ins, team meetings, and anonymous feedback channels. With such methods in place, staff members will have more than one platform through which they can share their views or express themselves. You can also use collaboration platforms so that dialogue continues on an ongoing basis.

    Emphasise a Work-Life Balance

    According to statistics, 52% of Australian employees find it hard to balance their work and personal life. This involves more than simply having a yoga session every week. It is about identifying realistic methods for managing professional duties and your private life effectively. Emphasising a healthy work-life balance accounts for a significant factor in employee welfare and general productivity. Balancing between work and personal life helps prevent burnout, reduces stress and enhances job satisfaction. Often, employees who can manage both their professional and personal lives are more involved with their jobs than those who cannot.

    You can ensure that employees balance between work and life by introducing scheduled breaks, flexible working hours, and promoting the usage of leave days. Encourage setting limits between work and personal life along with providing tools for managing time and reducing stress. An example of successful initiatives towards achieving work-life balance is the REA Group in Australia which provides flexible working arrangements and wellness programs. 

    Managing a team and taking off some pressure during busy periods is an active role that requires various strategies. These include identifying stress and overload, reducing workload through outsourcing, rewarding hard work through incentives, and encouraging open communication. It may also mean putting more emphasis on work-life balance and providing stress management resources for your employees’ welfare. By putting these strategies into practice, you will create a supportive and conducive environment where employees can perform well, even under pressure.


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  • TRAI Taking Measures to Curb Misuse of Messaging Services

    In order to prevent the misuse of messaging services and safeguard consumers from fraudulent practices, the Telecom Regulatory Authority of India (TRAI) has issued guidelines for the implementation of certain measures. A recent Direction from TRAI requires all Access Service Providers to adhere to the established protocol. 

    In its ongoing campaign against unwanted spam, TRAI has made it obvious that as of September 1, 2024, no access service provider will be able to send messages with the URL “url(”)” attached.

    To improve message traceability, TRAI has ordered that beginning November 1, 2024, all messages shall include a traceable trail from their senders to their recipients. If the telemarketer chain is not specified or does not match, the message will be denied.

    Tightening the Security

    Given that TRAI has already cracked down on unlicensed telemarketers who send promotional messages and calls to telecom users, this latest development takes on more importance. For up to two years, TRAI has ordered telecom companies to deactivate the accounts of unregistered telemarketers who have been detected to make spam calls. This directive was issued last week.

    The regulatory body for telecom has “issued directions for enforcement of measures to curb the misuse of messaging services and protect consumers from fraudulent practices.”

    By September 30, 2024, at the latest, TRAI has ordered all access providers to transfer all telemarketing calls, beginning with the 140 series, to an online DLT platform. This will allow for improved control and monitoring.

    Further Measures Taken by TRAI

    • Starting from November 1, 2024, all messages must include a traceable trail from senders to recipients, according to TRAI’s mandate, in order to improve message traceability. Undefined or mismatched telemarketer chains will result in message rejection.
    • The TRAI has instituted strict penalties for infractions in an effort to discourage the exploitation of promotional content templates. Registration of Content Templates in the incorrect category will result in blacklisting; subsequent infractions will cause the Sender’s services to be suspended for one month.
    • All Headers and Content Templates that are registered on DLT must follow the rules that have been set out to ensure compliance with regulations. Furthermore, you can only link one Content Template to one Header.
    • The TRAI has ordered the immediate suspension of traffic from all of a sender’s headers and content templates until they can be verified in the event that misuse of these elements is discovered. Sender traffic will not be revoked unless Sender takes legal action against such usage. Delivery-Telemarketers are also subject to the same penalties if they do not disclose the companies responsible for such abuse within two business days.

    For the exact text of the Direction, stakeholders are urged to go to the TRAI website at www.trai.gov.in.

    In order to protect consumer interests and forestall fraudulent acts, these steps advance TRAI’s efforts to establish a secure messaging ecosystem.


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  • Optimize the Remote Work Collaboration with Wondershare Filmora Screen Recorder

    The era of digital age has brought about a new revolution in the world of remote work, as more and more distributed teams are now working together online. Screen recording serves as a bridge that is largely needed for the demonstration of screen visuals clear enough to promote knowledge sharing among teams while boosting the productivity of remote work. Wondershare Filmora’s Screen Recorder is one of the best screen recording software assisting with collaboration and furthermore increasing remote work productivity.

    This article aims to illustrate just how Wondershare Filmora’s Screen Recorder can prove invaluable for increased remote work productivity by highlighting the unique features of the tool; Giving an overview of how the Screen Recorder impacts remote team dynamics; Suggesting ways to craft a productive remote work environment by leveraging the Screen Recorder’s advanced features; Touching on the integration of Filmora Screen Recorder with other collaboration systems to build a robust remote work system.

    The Rise of Remote Work and Screen Recording

    As more and more people have started working remotely during the past several years – a 2024 Flexjobs survey indicated that 95 percent of people now prefer to work remotely or in a hybrid environment – the screen recording tool has become essential remote collaboration software.

    Challenges of Remote Collaboration

    Remote working has many benefits but it also comes with some challenges, for example, communication challenges, the difficulty of developing a sense of community, as well as the possibility of some staff feeling isolated. Staff can also have trouble mentoring others remotely, as well as sharing knowledge. Some employees may also struggle with work-life balance by overworking and working too many hours to achieve deadlines, leading to burnout.

    Benefits of Screen Recording

    The Rise of remote work has pushed Screen Recording solutions to the forefront of tools that most businesses and employees need, offering numerous advantages:

    1. Enhanced communication and collaboration
    2. Improved training and onboarding processes
    3. Efficient knowledge sharing
    4. Better compliance and security measures
    5. Increased productivity and workflow optimization

    Wondershare Filmora as a Solution

    Among the several screen recording tools available today, the Wondershare Filmora’s Screen Recorder stands apart as a multipurpose remote work solution, offering:

    1. High-quality screen capture with audio recording
    2. User-friendly interface for easy adoption
    3. Advanced editing capabilities for creating engaging content
    4. Seamless integration with other collaboration tools
    5. Compatibility with various operating systems

    Thanks to the help of a Screen Recorder tool such as Wondershare Filmora, firms can effectively tackle the challenges associated with remote working and create a more unified and productive distributed workforce.


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    Exploring Wondershare Filmora Screen Recorder’s Unique Features

    Wondershare Filmora Screen Recorder empowers users, especially those working remotely, with a vast suite of features. The user interface has a friendly experience with easy-to-access controls and allows for screen capturing of on-screen activities including audio and video. It also comes with editing tools that help improve the quality of recorded activities to make them look more professional.

    Create Screen + Webcam Recording with Wondershare Filmora Screen Recorder
    Create Screen + Webcam Recording with Wondershare Filmora Screen Recorder

    Built-In Video Editor

    The Filmora tool has its own screen recorder built in, so when you’ve finished capturing what you want, the clip appears ready for editing in its own video editor, completely seamlessly, without having to switch between different applications, making the editing process incredibly efficient. With Filmora video software, we can easily trim our recorded video, add smooth transitions between scenes, enhance your footage with overlays, and apply a range of creative effects – all within the same application. This seamless experience empowers you to focus on bringing your vision to life without distractions.  

    Customizable Hotkeys and Shortcuts

    Filmora enables users to customize pause & resume, start & stop, and other hotkey combinations during screen recording. This feature saves time and gives more control over the recording process.

    Green Screen Effects for Webcam Recording

    The Chroma Key feature in the software works exceptionally well – it will remove even the frizziest of hair – and it automatically erases the background to create the effect of a traditional blue- or green-screen cutout, great for making your webcam recording look more professional.

    Audio Mixing and Enhancement Tools

    Filmora’s audio capabilities include AI Noise reduction tools, and music stretching features. The Audio Mixer allows users to fine-tune project audio, adjusting volume levels and creating surround sound effects.

    Template-based Intro and Outro Creation

    Users can easily make their own intros and outros using Filmora’s templates, which let them add their brand’s logo, text, and visual effects with just a click, and maintain consistency across different videos.

    The Impact of Screen Recording on Remote Work Efficiency

    Screen recording has improved communication, collaboration, and the efficiency of remote work. This powerful tool has become essential for teams spread across cities and continents, addressing unique challenges posed by remote work environments.

    Reducing Miscommunication

    By capturing the tone, facial expressions, and non-verbal cues, screen-recorded videos add credibility and enable text-heavy messages to be more engaging. And because they’re fast to shoot, unscripted, and more human, these will help leadership build trust and earn their employees’ engagement even quicker. 

    Saving Time on Repetitive Explanations

    Screen recordings create reusable assets such as how-to videos, demos, and presentations, thereby reducing the time spent on repetitive explanations and empowering employees to access the necessary information at their convenience. Short just-in-time training videos at work can offer tailored, scalable, and on-demand training experiences, leading to enhanced retention and efficiency.

    Recording and Sharing Project Updates

    Video-recorded updates are hard to miss and easy to search for if they’re organized in a video library by teams, project names, or topics. No more pearls lost among the thousands of lines of chats, tabs and emails. Screen recordings can also be useful for keeping track of crucial decisions and updating operational processes, helping with remote collaboration and decision-making.

    Virtual Meetings and Presentations

    People find it hard to remember all points discussed in virtual meetings, and recording them ensures they will not be forgotten. When the conference ends, participants can listen to the recording and catch up on all points they may have forgotten.

    Troubleshooting and Technical Support

    Screen recordings are incredibly useful for technical support and problem-solving. These videos enable you to showcase exactly what is going wrong, as well as how to fix it, rather than relying on text directions.

    Improving Remote Client Presentations

    An informative presentation should be well-delivered, and leave a remarkable impression. The screen recording technology helps users make bright, professional, and easily accessible recordings for clients’ presentations. It is beneficial for the clients to replay the content at any time, and ensure that the essence of the information is stored in the client’s memory.

    Integrating Filmora Screen Recorder with Other Collaboration Tools

    Wondershare Filmora Screen Recorder offers seamless integration with various collaboration tools, enhancing remote work efficiency and productivity. With the ability to integrate with different collaboration tools, it can seamlessly fit into the existing workflow and platforms to maximize team productivity and efficiency when working remotely.

    Compatibility with Video Conferencing Platforms

    Filmora Screen Recorder works well with popular video conferencing platforms, helping people capture high-quality recordings of online meetings, product demonstrations, and lectures, or make a recording while browsing or using a desktop.

    Sharing Recordings Through Cloud Storage

    The integration with cloud storage such as Wondershare Drive allows easy sharing of videos and offline access via Filmora. Users can store their recordings and have access to them anytime. This makes it easy for teams to:

    1. Share files easily with colleagues
    2. Manage and organize recordings efficiently
    3. Find files in no time using search functions
    4. Implement best practices for cloud backup

    Using recordings in project management software

    Filmora Screen Recorder helps in project management by allowing users to share recorded content with project management tools. For example, Jira can be integrated with the software using the DemoAir Chrome extension. This connection allows people to:

    1. Post videos directly to relevant Jira groups
    2. Manage recordings within the Jira platform
    3. Improve communication and avoid misunderstandings
    4. Document project progress effectively

    Incorporating Screen Captures in Team Wikis and Knowledge Bases

    Screen recordings created with Filmora can make valuable additions to team wikis and knowledge bases by offering a visual record of how to complete specific tasks. These same videos can help:

    1. Share knowledge across the team
    2. Provide step-by-step guides for complex processes
    3. Create a repository of best practices
    4. Onboard new team members more efficiently

    Filmora Screen Recorder also allows teams to work together with ease, by integrating into the collaboration chain and making it look seamless when working remotely.

    Conclusion

    With Wondershare Filmora’s Screen Recorder remote work collaboration can be streamlined. Through its sleek UI and professional features, creating a high-quality screen recording is made easier, leading to better communication and knowledge sharing among remote working teams. The Screen Recorder can be integrated with other collaboration tools to boost remote work. 

    In conclusion, screen recording technology like Filmora drives the movement of remote work to a new leap forward. It helps the team to break the barrier of communication, enhance the training process, and further improve efficiency. With the boom of remote work, Filmora Screen Recorder and similar tools will play a key role in the virtual team spirit and teamwork of the future.


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  • India’s TCS Introduces Pace Studio to the Swedish Market

    Launching its newest TCS Pace Studio in Stockholm, Sweden, Indian tech powerhouse Tata Consultancy Services (TCS) is providing its Nordic customers with exclusive access to its innovation ecosystem.

    In a statement, the company said that their new research centre and innovation hub will help businesses investigate cutting-edge tech, deploy it at scale, and speed up their digital transformation processes.

    Location Dynamics of Pace Studio

    The Epicentre House of Innovation is home to more than 600 innovative businesses and entrepreneurs, including TCS Pace Studio Stockholm. Epicentre Stockholm’s Country Manager, Oskar Gillström, expressed his excitement at the addition of TCS Pace Studio to the Epicentre community.

    “As an innovation house, TCS’s new space superbly embodies our mission to stimulate cooperation between businesses and future-oriented leaders in Sweden’s business climate.”

    According to the corporation, being in this area enables them to actively participate in addressing the business challenges and achieving the local objectives. According to TCS, growth areas with active innovation ecosystems are the perfect fit for TCS Pace Studios.

    What is Pace Studio?

    Pace Studio, according to TCS, is an agile incubator that helps companies by solving challenges and creating new opportunities. Its goal is to foster a startup culture.

    Consulting, design, and implementation are all part of the innovation process that clients can take advantage of at the new TCS Pace Studio in Stockholm. Customers of TCS in the area will be able to use it to conduct research, develop new offerings, make prototypes, and hone their business plans and models.

    With a history of technological advancement and investment, Sweden has become one of Europe’s most dynamic business hubs. “The opening of our TCS Pace Studio in Stockholm demonstrates our dedication to making a significant contribution to the growth and prosperity of businesses in the region and the Nordic countries,” stated Shreerang Talekar, Head of TCS in Sweden and the Nordics.

    “We are thrilled to join this dynamic innovation ecosystem and collaborate on solutions with cutting-edge, environmentally friendly technologies that facilitate growth, resilience, and endless adaptability for businesses.”

    Adding Fourth One to the Global List

    Joining the vast innovation ecosystem of TCS Pace spread out across important cities worldwide, the TCS Pace Studio in Stockholm becomes the fourth globally and the first in the Nordic region.

    The TCS PaceTM network comprises seven TCS Pace Ports in Tokyo, Amsterdam, New York, Pittsburgh, Toronto, London, and Paris, as well as three additional TCS Pace Studios in Riyadh, Sydney, and Letterkenny.

    The innovation hubs in the TCS PaceTM network make use of TCS’s one-of-a-kind techniques, worldwide perspectives, research, IP, and its Co-Innovation Network (COIN), which encourages partnerships between local entrepreneurs, startups, and academic institutions.

    Enterprises can engage with TCS’s experienced team in a dedicated location through these collaborative spaces, which speed up the development and delivery of new digital goods and services.


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  • Apple Has Begun Preparing Its Employees to Manufacture iPhone Pro Models in India

    Thousands of workers at Apple’s Tamil Nadu facility have reportedly begun training in order to manufacture the iPhone 16 Pro and Pro Max as near to the worldwide debut as feasible.

    An esteemed media outlet revealed in July, citing sources, that Apple Inc. intends to employ its partner Foxconn Technology Group to manufacture the top-of-the-line Pro and Pro Max models of the forthcoming iPhone 16 series in India for the first time.

    The ‘new product introduction’ (NPI) procedure for the pro variants of iPhone 16 will shortly begin at Foxconn’s site in Sriperumbudur, Tamil Nadu. Once officially announced, mass manufacturing will begin. Given its expertise and extensive integration into Apple’s supply chain, Foxconn usually receives priority on new production.

    Pegatron’s India Unit and Tata Group Will Be Part of Manufacturing Process

    ‘Within weeks’ of the global launch, Foxconn will begin the process of assembling the premium gadgets. It is possible that Apple’s other partners in India, like as the Tata Group and the India unit of Pegatron, will also begin manufacturing the Pro models.

    When the iPhone 16 goes on sale around the world, it is anticipated that Apple would make the made-in-India standard version of the device available to consumers. Apple has extended the manufacture of its flagship iPhone products in India by utilising Foxconn and Tata Electronics as additional manufacturing partners.

    Manufacturing of iPads and AirPod to Be Included in Future

    According to information obtained by a media report, Apple may also resume preparations to manufacture iPads in India through Foxconn.

    It was also reported on July 8 that Apple is working towards raising the production of components for AirPod wireless charging cases through the contract manufacturer Jabil in Pune. Additionally, it is possible that Apple would also seek to increase production with Foxconn. Early in the next year, it is possible that production of Made in India AirPods will begin.

    Apple Diversifying Beyond China

    Apple is gradually expanding its operations beyond China in order to mitigate the risks associated with the tensions that exist between Beijing and Washington. Despite this, the great majority of iPhones are still manufactured in China.

    As a result of this effort, Apple was able to manufacture $14 billion worth of iPhones in India for the fiscal year that ended in March 2024. This figure represents as much as 14% of the company’s total output worldwide. Similarly to the previous year, it is anticipated that Apple will make the ordinary iPhone 16 manufactured in India available on the same day that the most recent generation of the iPhone begins selling all over the world, according to the individuals.


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  • Despite Telecoms’ Demands for Regulation, OTTs Insist the Current Legal Framework Is Adequate

    The telcos’ proposal to control over-the-top (OTT) communication services like WhatsApp, Google’s RCS, and Telegram has been met with resistance from these companies, who point to the Information Technology Act (2000) as the reason why applications are already subject to regulation.

    The OTT industry’s governing bodies have warned against regulating the applications in response to a consultation paper from the Telecom Regulatory Authority of India (TRAI) asking for opinions on service authorisations under the recently approved Telecommunications Act.

    When it comes to the technical details, telecom service providers (TSPs) handle things on the network side, whilst over-the-top (OTT) providers handle things on the application layer. In its counter comments to the consultation paper, the Internet and Mobile Association of India (IAMAI) stated that there is a clear difference between OTT service providers and telecom service providers (TSPs) in terms of operational and technical aspects. IAMAI further added that OTT services are not covered by the telecom act.

    Big Players Favouring the Telcos’ Proposal

    After telecom giants Reliance Jio, Bharti Airtel, and Vodafone Idea demanded that Trai reform the current licencing system and introduce a pan-India single licence—a move that would include communication OTT players, who offer comparable services to carriers—the regulators have responded with counter comments.

    Aside from mobile phone providers, the Broadband India Forum (BIF) argued that various services necessitate distinct terms and conditions, and that granting a single authorisation would be capricious and detrimental to the regulatory system.

    If this were to happen, BIF argued, “It would essentially create a completely different category of ‘Super Authorisation,’” which would have anti-competitive and unnecessary regulatory consequences for service providers that want to specialise in a certain field or offer a specialised service.

    The trade group went on to say that this would lead to an increase in the concentration of wealth and power at the expense of the many who had hoped to reap the advantages of deregulation and growth in the market.

    Asia Internet Coalition Also Against Telcos’ Pitch

    The telecommunications companies’ claims of a “level playing field” and “same service, same rules” are baseless, according to the Asia Internet Coalition (AIC), since the two services in question are essentially distinct. Broadband access is driven by subscriber demand for content, according to the trade body, while content is driven by the availability of broadband access.

    Since OTT services are a major source of revenue for telcos, IAMAI made it clear that they do not get free access to TSP networks. The need for internet connection is being driven by the desire for online content and apps provided by over-the-top (OTT) providers, according to IAMAI. According to the report, the monthly average revenue per user for wireless service providers increased by about 90 percent, going from INR 74.38 to INR 141.14 between the years 2019 and 2022. This growth was a direct result of a 156-fold rise in data usage, which went from 92.4 million GB to 14.4 trillion GB between the years 2014 and 2022.


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  • Kaynes Purchases Land in Gujarat to Construct a Semiconductor Unit

    Kaynes Technology, an Electronics manufacturing services provider, has bought some property in Sanand, Gujarat, to establish an OSAT (outsourced semiconductor assembly and test) unit.

    In order to fund its chip project, the corporation intends to spend around INR 5,000 crore. This is a major milestone since Kaynes, via its subsidiary Kaynes Semicon, is expanding into semiconductor assembly. Earlier, Kaynes had mentioned ambitions to construct a chip plant in Telangana, with a capital expenditure of over INR 3,000 crore.

    Why in Gujarat?

    Interestingly, Kaynes had previously applied for the chip project in Gujarat through the government’s INR 76,000-crore semiconductor incentive plan and it is now just waiting for approval. According to officials, Kaynes would be wise to establish their advanced facility in Gujarat due to the state’s robust ecosystem and the presence of other large-scale chip projects in Sanand and Dholera.

    Similarly, this has been done in response to demand from prospective clients, pointed out officials of Kaynes.

    On the other hand Kaynes will keep its Telangana plant running with a few of chip assembly lines, while the advanced chip assembly and test project would be run out of Gujarat. Among other things, Kaynes will use the Telangana facility for EMS services, which include making printed circuit boards (PCBs).

    On the Revenue Front

    According to Ramesh Kanan, founder and managing director of Kaynes Technology, the firm has recently purchased property in Gujarat and plans to begin construction there. Concurrently, the company is forming a team to handle onboarding for its OSAT business and has initiated the collaboration. The OSAT business is anticipated to have a positive response in FY26.

    A few more clients have come on board in the advanced packaging space, and the company has been actively recruiting new team members, added Kanan. Kaynes SemiCon CEO Raghu Panicker informed media that the company aims to have thirteen chip assembly and test lines in the next one and a half to two years, producing one billion chips per year.

    With the 46-acre Telangana factory set to go live by the end of August, Kaynes plans to target the industrial and electric vehicle (EV) markets through a few OSAT lines.

    Future Expectations

    In the beginning, the business will focus on electric vehicle (EV) domain power module packaging and microcontroller units.

    In the future, the business intends to produce legacy semiconductor packages such as tiny outline transistors (SOTs) and quad flat no-leads (QFNs), which are well-suited for use in consumer electronics, vehicle designs, and power applications. Ball Grid Array (BGA) semiconductor packages, which use solder ball pins to install integrated circuits like microprocessors, are another place it will end up.

    Revenue for the April–June quarter at Kaynes increased 70% year over year to INR 504 crore, driven by robust growth in the industrials and automotive sectors. Net profit for the year increased 106% to INR 50.8 crore for the business.


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  • Anushita S. P. Karunakaram, Co-Founder and CEO of Lawyer Desk, on How Technology is Enhancing Legal Services and Shaping the Future of Law

    For World Entrepreneurs’ Day, Ms. Anushita S. P. Karunakaram, Co-founder and CEO of Lawyer Desk, shares her journey from IT professional to tech entrepreneur. She saw a gap in accessible legal resources and used her IT expertise to create Lawyer Desk, a platform that combines technology with legal services. Her platform integrates AI to enhance legal services for lawyers, students, and the public. Karunakaram discusses how AI is reshaping the legal industry and shares her vision for the future of legal tech.

    StartupTalky: What inspired you to start Lawyer Desk, and how did your IT background help shape this venture?

    Ms. Karunakaram: I felt the need to develop Lawyer Desk after observing the difficulties in the legal search in India. My background in IT helped me to specify the technological approaches that may be used to optimize and effectively enhance the availability of legal assistance. Lawyer Desk’s mission is to combine legal skills with technology to increase access to law and law-related services for everyone.

    Ms. Karunakaram: The primary goal of Lawyer Desk is to ensure that legal information as well as services are reachable to everyone. It is our goal to assist the legal community to work smarter and increase productivity as well as assist students to receive complete educational resources and the public to access various legal information and resources. Having introduced technology in the domain of law, we assume that the service provision in this area will be more comprehensible, time-effective, and convenient.

    StartupTalky: Can you tell us how Lawyer Desk’s AI-driven products are designed to help lawyers, law students, and the public?

    Ms. Karunakaram: For the various users, Lawyer Desk has designed the following products that incorporate artificial intelligence. About Advocase: It assists lawyers by providing automated solutions for managing cases and conducting research. LawBook provides current educational content for law students and activity applications. The work of Prajalok is to break down legal advice for the non-lawyers so that it is easily understandable. We also supply casework support for companies, using artificial intelligence. These are products that employ artificial intelligence for the provision of correct and timely information that increases efficiency in matters of law.


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    Ms. Karunakaram: As for my forecast for the legal profession, I anticipate massive developments in AI and automation technologies. Such technologies will help to automate processes, such as case search, preparing and reconsidering contracts, and increasing performance. Blockchain is expected to be applied predominantly in safe contract management. People will continue to obtain legal services remotely, including using virtual courts in the form of ADR, which will help to liberalize legal services.

    StartupTalky: Your app has seen impressive growth since its launch. What do you think has been key to this success?

    Ms. Karunakaram: The approach that has made a difference for us has been to meet the perceived needs of the users. We strive to provide products that are of high quality and with intuitive interfaces. Most of our content comes from users’ feedback, and employees collaborating with legal and educational experts guarantee the relevance and reliability of the information. They have also helped in the right market segmentation by marketing to the right people who would be interested in the product.

    StartupTalky: How did your time with Indian Railways prepare you for leading a tech startup like Lawyer Desk?

    Ms. Karunakaram: Moreso the experience working with the Indian Railways in which I coordinated signalling and communications in IT and coordinating various teams, especially under pressure was useful. Leadership skills and the ability to manage a team were improved as the focus was on communication and the basic rules of team cooperation. Furthermore, it trained me on strategic planning in the right project management which I consider important in managing a tech startup. This also exposed me to the aspect of serving the public, something that Lawyer Desk will be offering.

    StartupTalky: What was one big challenge you faced moving from engineering to entrepreneurship, and how did you overcome it?a

    Ms. Karunakaram: Transitioning from a purely technical position to the world of business demanded transitioning from a problem-solving mindset. I conquered this by developing new skills, consulting and implementing expert advice, as well as assembling a workforce with various sets of skills to contribute to the company. In this process, it was important to embrace the cultures of lifelong learning.

    StartupTalky: What tips do you have for women aiming for leadership roles in tech?

    Ms. Karunakaram: For women aspiring to leadership roles in tech, it’s important to believe in your abilities and tackle challenges head-on. Practice becoming better and constantly learn new things while taking calculated risks in a bid to challenge yourself more. Seeking support from mentors and peers is also a good practice since it can also give one confidence. Leadership is not all about power and authority; it’s about stability and planning; embrace these qualities and lead by example.

    Ms. Karunakaram: AI will enhance the effective, tangible implementation of the law cutting out paperwork and allowing legal professionals to focus on complex issues. They help in decision-making processes and increase productivity but do not get rid of human knowledge. This is where we are going to see the incorporation of AI that will utilize the fundamental in laws necessary and enhance man skills.

    StartupTalky: Looking back at your journey from techie to entrepreneur, what has been the most fulfilling part, and what’s next for you?

    Ms. Karunakaram: The most rewarding aspect of my journey has been seeing how Lawyer Desk has positively impacted the legal community and the public. Our startup has made legal assistance more accessible and helped many professionals and students in their careers. Looking ahead, I am excited to expand our apps both in India and globally and to continue innovating within the legal tech space. The next steps would include integrating more advanced AI features and exploring new markets across the globe, keeping Lawyer Desk at the forefront of legal technology.


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  • The Implementation of a 30% UPI Cap Is Highly Doubtful

    With just over four months to go until the deadline, industry insiders have expressed doubts about the proposed 30% market share cap in the Unified Payments Interface (UPI) category, according to multiple media sources. Multiple newcomers to UPI have been informed, informally, that the limit is not going to be implemented. As a result, they have begun to reassess their growth and investment strategies, according to those briefed on the situation.

    According to earlier media reports, new players in the UPI industry are holding off on making large expenditures until they have a better understanding of the market share rule. UPI payments are dominated by PhonePe and Google Pay.

    However, the National Payments Corporation of India (NPCI), which oversees the UPI railway, has not received any official word from the government regarding its stance.

    Customers’ Choice

    Reportedly, the regulator is of the opinion that new entrants have not been able to reduce the dominance of the top two UPI services, therefore it is left with few choices regarding the implementation of the December 31st deadline.

    In response to enquiries, neither NPCI nor the ministry of electronics and IT provided any information. Implementing this law (market cap) will require significant planning, according to several experts. It cannot be done in a day due to the disruptive nature of the process.

    The Growth Trajectory

    Both the government and NPCI are deeply committed to the expansion of UPI, which reached 14 billion monthly transactions in May. If people keep using the same two or three platforms, what options do we have? So many new entrants are able to set up shop, but they haven’t made a dent just yet.

    In July, out of the 14.4 billion UPI transactions, more than 85% were processed through Walmart’s PhonePe and Google Pay. Google Wallet had 5.3 billion transactions, whereas PhonePe had 6.9 billion. With 1.1 billion UPI transactions, Paytm (One 97 Communications) came in third, and Cred (142 million payments) came in fourth.

    The Reserve Bank of India (RBI) placed restrictions on Paytm Payments Bank in February, making arguments about the market share ceiling more prominent. Paytm is the third largest UPI operator. On February 5, a prominent media outlet said that Paytm’s problems will cause users and businesses to switch to the two most popular applications.

    Why the Cap Cannot Be Implemented?

    To prevent the UPI ecosystem from becoming overly dependent on only one or two platforms, NPCI first proposed a market share cap. In December 2022, NPCI delayed implementation for two years following multiple rounds of negotiations and requests from key corporations operating such apps.

    Some industry executives and specialists in the field have voiced concerns that imposing a market share cap might cause systemic disruption and be technically challenging to achieve.

    Conversely, NPCI has been facilitating the development of UPI solutions by numerous consumer internet platforms with huge user bases, enabling them to become third-party application providers.

    Flipkart, the e-commerce platform that was once PhonePe’s parent company, Groww, Slice, and the Tata Neu superapp are all part of this group. Another company that has introduced its UPI offering through the plug-in channel is Swiggy, a food and grocery delivery firm that has partnered with banks. Similarly, Ola Consumer is in the process of planning a same system.


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  • NCLT Gives Clearance to Merger Between Slice and North East Small Finance Bank

    Slice, a unicorn in the financial technology industry, has been granted permission by the National Company Law Tribunal (NCLT) to merge with North East Small Finance Bank (NESFB).

    Both businesses made the announcement that they would be merging in October of 2023. In March of the previous year, Slice paid around $3.42 million to purchase a five percent ownership in a bank with its headquarters in Guwahati.

    How Merger Will Help Both the Entities?

    In a news release, Slice noted that the merger will make it possible for the merged business to make use of cutting-edge technology and profound community awareness, which will ultimately lead to increased financial inclusion across the country.

    Customers may anticipate an increased selection of products, improved omnichannel offers, and a banking experience that is more streamlined.

    The scheme of arrangement and amalgamation that involves Garagepreneurs Internet Private Limited, Quadrillion Finance Private Limited, Intergalactory Foundry Private Limited, RGVN (North East) Microfinance Limited, and North East Small Finance Bank Limited has been approved by the National Company Law Tribunal (NCLT).

    The Competition Commission of India (CCI) and the Registrar of Companies (RoC) have both given their thumbs up to Slice and NESFB respective applications.

    In addition, the Reserve Bank of India (RBI) and the Income Tax Department also issued certificates stating that they did not have any objections to the transaction.

    Slice’s Financial Report Card

    Shortly after the conclusion of Slice’s debt round of thirty million dollars, this new development has taken place. The most recent valuation of Slice was above $1.5 billion, which occurred at the Series C round in November 2021. To date, Slice has raised a total of $340 million.

    According to the data intelligence platform TheKredible, Rajan Bajaj, who held the position of CEO and co-founder of the company, owned 8.21% of the ownership.

    While Slice’s losses increased by 59.8% to a total of INR 406 crore, the company’s revenue increased by a factor of three, reaching INR 843 crore in the fiscal year 2023.

    The Bengaluru-based company was able to scale during the fiscal year 23, despite the disruption it experienced as a result of the Reserve Bank of India’s change in rules for card issuers. It has not yet submitted its annual financial reports for the fiscal year 2024.

    About Slice Card

    Slice is a digital lending platform that, in partnership with non-bank financial companies (NBFCs), provides a credit card. The Slice card is intended for individuals who are new to the concept of credit, as well as students and young professionals who have their finances limited.

    There is no requirement for a credit score, and the eligibility requirements are more lenient. There is also no annual charge or membership cost associated with the card.


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