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Video game publisher Ubisoft cancels 3 games, slashes targets

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“We are facing contrasted market dynamics as the industry continues to shift towards mega-brands and everlasting live games, in the context of worsening economic conditions affecting consumer spending,” he added.

The report further said that the company anticipates a 10 per cent drop in net bookings in 2022 for the entire year, however, the company had previously predicted a 10 per cent increase in net bookings.

Ubisoft has also postponed the release of its upcoming Skull and Bones pirate ship game until early 2023 or early 2024.

Consumers are cutting back on discretionary purchases as prices and borrowing costs rise. Gaming, in particular, has come under fire, the report mentioned.

Last year, Netflix and Ubisoft announced they have partnered to create three mobile games from some of the game franchises for Netflix, starting in 2023.

The three games will expand on the Valiant Hearts, Mighty Quest and Assassin’s Creed universes and will be available exclusively on mobile to Netflix members worldwide with no ads or in-app purchases.

Business

More Indian women taking up high-demand roles in tech: Report

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New Delhi, April 10: As India’s tech industry continues to grow at a rapid pace, more and more women are stepping into high-demand roles and making a strong impact, a new report said on Thursday.

Women are increasingly taking up key positions in technology and business, especially in areas that offer high salaries and strong career growth.

“From fresh graduates to experienced professionals, women are climbing the ladder in fields like data science, product management, cloud engineering, cybersecurity, and project management,” according to the report by TeamLease Digital.

These roles are not just offering good salaries but are also helping women build strong careers in the digital economy.

The report highlights that product management is one of the most attractive roles for women. While freshers can earn up to Rs 22.1 lakh per annum, senior product leaders with over eight years of experience can draw salaries as high as Rs 1.6 crore per annum.

Similarly, data scientists with a few years of experience can earn up to Rs 18 lakh, and senior professionals in this field can go on to make Rs 1.5 crore annually.

Cloud engineering is another area where demand is growing. Entry-level cloud engineers can earn up to Rs 14 lakh, while experienced cloud architects can make up to Rs 1 crore.

In project management office (PMO) roles, women are increasingly getting hired to handle complex projects.

Freshers can earn up to Rs 15 lakh per year, and senior professionals in the PMO field can go up to Rs 80 lakh per annum.

Cybersecurity is also becoming a preferred choice for women, especially as companies invest more in digital safety.

Entry-level roles can offer Rs 12 lakh per year, and those with more than eight years of experience can earn up to Rs 90 lakh annually.

These roles are not only well-paying but also give women the chance to take leadership positions and shape the future of digital businesses.

According to the report, women are making a visible shift in the tech industry and are contributing strongly to innovation and strategic growth.

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Tech

Seoul shares sharply on US reciprocal tariff pause; Korean won spikes

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Seoul, April 10 : South Korean stocks were trading sharply higher on Thursday as the US administration’s temporary pause of reciprocal tariffs on South Korea improved market sentiment. The Korean won was trading sharply higher against the US dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) had rallied 126.94 points, or 5.53 percent, to 2,420.64 as of 11:20 a.m., sharply rebounding from the 17-month low the previous day, reports Yonhap news agency.

With the steep gain, the bourse operator issued a sidecar order at 9:06 a.m., halting program purchasing for five minutes, after the KOSPI 200 futures soared 5 percent for more than one minute.

Overnight, Wall Street posted one of the best days since the global financial crisis in 2008, with the S&P 500 surging 9.5 percent, the Dow Jones Industrial Average soaring 7.87 percent and the tech-heavy Nasdaq composite skyrocketing 12.16 percent.

The rally came after U.S. President Donald Trump lowered new tariffs on South Korea and other trading partners to 10 percent in what he calls a pause that will last for 90 days.

He said the decision was made considering they have reached out to U.S. trade officials for negotiations and have not retaliated against the reciprocal tariffs.

Meanwhile, Trump increased duties on China to 125 percent following Beijing’s announcement of a plan to raise tariffs on U.S. goods to 84 percent in a retaliatory move.

In Seoul, market bellwether Samsung Electronics rose 5.09 percent, while its chipmaking rival SK hynix shot up 11.21 percent.

Leading battery maker LG Energy Solution soared 8.12 percent, and top automaker Hyundai Motor advanced 6.91 percent.

Major shipbuilders HD Hyundai Heavy and Hanwha Ocean escalated 9.71 percent and 6.27 percent, respectively.

Top container shipper HMM increased 6.95 percent, and major defense firm Hanwha Aerospace climbed 5.93 percent.

Financial shares also sharply gained ground, with KB Financial jumping 6.21 percent and Shinhan Financial rising 5.05 percent.

The local currency was trading at 1,456.6 won against the greenback at 11:20 a.m., up 27.5 won from the previous session.

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Business

Cooperative taxi service to improve drivers’ income, ensure better services: Centre

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New Delhi, March 29: The objective of a taxi service based on cooperative model is to ensure democratic management by active participation of all members, and to ensure that maximum profit earned by such cooperative taxi society is distributed equitably among the taxi drivers who will be members of that society, the government has said.

India is home to over 8 lakh cooperative societies, serving nearly 30 crore members across 30 different sectors.

While replying to the discussion on Tribhuvan Sahkari University Bill, 2025 in the Lok Sabha, Union Home Minister and Minister of Cooperation, Amit Shah, said this week that in near future, a cooperative taxi service will be started, in which registration of two wheelers, taxis, rickshaws and four wheelers will be possible and the profit will go directly to the driver.

Based on principles of “Sahakar se Samriddhi”, a taxi-service cooperative will be formed by willing taxi drivers and the management will rest with the members of such society.

“Such an initiative will lead to overall prosperity and improving the income, working conditions, and standard of living for such taxi drivers/members of the cooperative society while providing better services to the consumers,” according to the ministry.

‘Sahkar’ or cooperation is a concept where a group of people voluntarily come together and form a cooperative society or Sahkari society based on mutual benefit and common economic interest.

Sahkari models of economic cooperation have been found to be more fruitful for its members, being more equitable and resulting in inclusive growth for all, like in the case of Amul.

These cooperatives play a crucial role in promoting self-reliance, financial inclusion, and rural development, particularly in agriculture, dairy, fisheries, banking, housing, consumer services, labour, sugar etc.

These cooperatives compete in the market alongside other players including private enterprises. The cooperatives are registered under the cooperative laws of the respective state/UT and societies which work in multiple states/UTs and are registered under the Multi State Cooperative Societies Act.

The government has promoted and assisted startups and other enterprises in the past for equitable and inclusive growth of the nation.

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