As the cybersecurity attack unfolded over the weekend, experts worried that the start of the working week today will result in more infected computers, when people return from the weekend and switch on their work laptops. Particularly concerned with the security of key systems, the Indian government has directed the RBI, NPCI and NSE/BSE to update their software and security systems. So far over 100,000 computers in countries around the world have been affected by the 'ransomware' attack, where hackers are demanding bitcoin payments to unlock computers. 

The estimates for job cuts in the IT sector are actually higher for the coming three years, according to analysis from firms like Head Hunters India. The firm said that due to technology shifts and the slow adaptation of Indian tech firms, job cuts in the IT sector will be "between 1.75 lakh and 2 lakh annually" for next three years. The focus of job losses would likely be in smaller cities like Coimbatore rather than major locations like Bangalore and Mumbai. 

Stock in spotlight: JK Cement, whose share price is gaining after it reported stand-alone net profit growth of 30.43% to Rs 91.37 crore for its fourth quarter. 

Photo of the day: Worker Murugan works on a salt pan in Thoothkodi, India. Arun Sankar/AFP/Getty