Ola To Buy Foodpanda: More Than Taking On UberEATS, It’s A Hyper Growth Strategy For Indian Co

Ride-hailing app Ola (owned by ANI Technologies) has decided to get into the food delivery space again, this time around by acquiring German-firm Delivery Hero’s Foodpanda India. Delivery Hero is an online food ordering and delivery marketplace.

Ola Buys Foodpanda’s India Arm, To Pump $200 Mn Into Food-Delivery Biz

Germany-based Delivery Hero Group on Tuesday announced the sale of its Foodpanda India business to Ola in return for shares in the Indian ride-hailing app.

Ola, which is flush with funds after raising $1.1 billion in October from Chinese internet behemoth Tencent Holdings, has committed an investment of $200 million into Foodpanda.

How A Split Turned Into A Boon For HP’s Laptop And Printer Businesses

Looks was one of the key areas that HP’s team had zeroed in on — better designing for commercial grade products. In fact, the team realised that consumer and commercial segments in PCs were merging and commercial PCs also need to look good.

Flipkart’s Bansals Diversify, Kick Off New Venture – Sabin Advisors

Amidst the euphoria of two bumper fund raises in quick succession, the co-founders of e-commerce giant Flipkart, Sachin Bansal and Binny Bansal, quietly incorporated a new company last month for new businesses, which could include venture capital funding and insurance.

Sabin Advisors, named after the first few letters of the co-founders’ names, does not specify any particular business the company plans to get into.

Shadowfax: This ‘Uber’ For Delivery Personnel Is Getting Logistics Right

Founded in April 2015, Shadowfax is an Uber of sorts for delivery personnel. Much like car drivers partner with ride-hailing companies, delivery men and women partner with Shadowfax through its Android app. It’s a freelancer model, according to Abhishek Bansal, the 26-year-old who co-founded Shadowfax in Bengaluru with fellow IIT graduate Vaibhav Khandelwal.

Trump Govt Not To Change H-1B visa Rules: Time Indian IT Firms Looked At Changing Business Model

Offering a bit of reprieve at least for now, the Donald Trump government in the US has stepped back on its proposed H-1B visa regulations that would have led to hundreds of thousands of Indian IT professionals returning home. US authorities on Tuesday said that the Trump administration is not considering any proposal that would force H-1B visa holders to leave the country.

Artificial Intelligence Will Kill Some Jobs, But Produce Host of Creative Ones

AI is intelligence displayed by a machine versus that by a human being. It is basically a machine mimicking a cognitive function that human beings associate themselves with such as learning and problem solving.

Infosys Sees Big Opportunity In Cloud And Cybersecurity

With Salil Parekh set to take charge of Infosys from January next year, the software major is betting big on cloud computing and cybersecurity to reignite growth. India’s second-largest software exporter, since its initial days, thrived on getting technology projects for Fortune clients, which involved writing or maintaining software codes for these companies.

Blockchain-Based Solutions, Key To Infosys’ Finacle Growth Plans

With its recent acquisition of UK-based design firm Brilliant Basics, Infosys has managed to bag banking deals for its Finacle product, which could give a much-needed fillip to its platforms business. Sanat Rao, Chief Business Officer and Global Head of Finacle, told BusinessLine over the telephone that the software major was able to get orders from three banks recently, including two in West Asia and one in the US.

As New Infosys CEO, Salil Parekh Has a Herculean Task In Managing Expectations Of Various Stakeholders

Salil S Parekh, the former executive of Capgemini who will take over as the new chief executive officer at Infosys, has an unenviable task at hand. From addressing the stakeholder concerns to managing investor expectations to taking the company through a big transformation, Parekh has a work which is truly herculean. Above all, his relationship with both the founders and the board will be closely watched.

5 Challenges Salil Parekh Has At Hand As New Infosys Boss

NEW DELHI: On Saturday, India’s second-largest software provider Infosys announced the appointment of Salil S Parekh as their new MD (Managing Director) and CEO (Chief Executive Officer), bringing an end to a three-month search. Parekh who joins the company from French IT services company Capgemini has been appointed a five-year term and will take office from January 2, 2018.

Getting A New CEO Was Just The First Of Infosys’s Many Problems

Infosys may have overcome a big challenge by finding a new chief executive, but that’s not even half the battle won for the country’s second-largest IT services company which has been struggling for years to regain industry-leading growth. On Dec. 02, Infosys said it has appointed 53-year-old Salil S Parekh as its CEO and managing director effective Jan. 02, 2018. An IIT-Bombay alumnus, Parekh joins Infosys from French IT services company Capgemini where he was a member of the group executive board, roughly equivalent to a deputy CEO’s post.

Nandan Nilekani To Ease Infosys’ New CEO Salil Parekh’s Transition

Infosys Chairman Nandan Nilekani will oversee a smoother transition of running the country’s second-largest software exporter once CEO-designate Salil S Parekh takes over in January, learning from the culture clash encountered during former chief executive officer Vishal Sikka’s tenure. Sikka, a former executive of SAP, led Infosys from his office in Palo Alto in the US for three years before he quit in August citing personal attacks.

Parekh Right Choice For Top Job At Infosys, Say IT Experts

Salil S Parekh’s experience in handling multi-cultural work environment combined with his strong grip on technology and sales make him the perfect choice for leading Infosys, say IT industry experts. Parekh was named as the CEO and Managing Director of Infosys and is slated to take charge at the helm of India’s second largest IT firm on January 2, 2018 for a period of five years.

Salil S. Parekh Appointed CEO and MD of Infosys

Infosys Ltd. on Saturday named Capgemini veteran Salil S. Parekh as CEO and MD, filling the vacancy created at the top following the sudden resignation of Vishal Sikka on August 18. Mr. Parekh, who holds Master of Engineering degrees in Computer Science and Mechanical Engineering from Cornell University and was a member of the Group Executive Board at Capgemini, will join Infosys on January 2, 2018.

Infosys Hires Salil Parekh as CEO and MD

Ending a three-month-long search, Infosys on Saturday named Salil S Parekh, a member on the board of its global rival Capgemini, as its new chief executive officer (CEO) and managing director (MD). The previous CEO, Vishal Sikka, quit on August 18 this year. Parekh will join Infosys on January 2 next year.

New Infosys CEO Parekh Seen As A Determined Man

Salil S Parekh, the new CEO of Infosys, is described as a soft-spoken yet determined man by those who know him. And, they said, these skills will certainly come handy when he takes over the top role at India’s second largest IT company that is recovering from a year-long acrimony between the previous management and the founders, led by NR Narayana Murthy.

From Hunter To Gatherer: Why Part-Exiting Flipkart, Ola Is A Prudent Move By Tiger

New York-based investment firm Tiger Global has seen all seasons of startup investing in India—a full-of-promise spring in 2005-10, a heady summer during 2011-15, and an ensuing cold winter. The prolific investor now appears determined to harvest, seasons be damned.

What The Analysts Think Of Infosys’ Chief Salil Parekh

Infosys said today that its Board of Directors has appointed Salil S Parekh as Chief Executive Officer and Managing Director (CEO & MD) of the company effective January 2, 2018. The appointment ends a nearly four-month long search for the top job at India’s second largest IT services firm.

Alia Bhatt Joins Long List Of Star Startups Investors: Why Entrepreneurs Rope In Celebrities

The most popular way to start up would be to have an idea, funds and then the best heads to run it. Of course not necessarily in that order always. But even if you get the fundamentals right, that will not ensure your startup will be the talked about and known. Having a celebrity to not only endorse but also to put her money in the venture seems to work wonders in the overcrowded startup space. The latest celebrity to invest in a startup is Bollywood star Alia Bhatt who has taken a minority stake in fashion tech startup StyleCracker.

Nokia 2.0: Connecting People, Yet Again

A smooth and updated android experience, an upgradable customer segment and design is what HMD Global is focussed on to bring the Nokia name firmly in the spotlight for smartphones.

Quikr Plans To Deliver Groceries At Your Doorstep

Online classifieds platform Quikr plans to roll out an on-demand delivery service, taking on the likes of Swiggy, BigBasket and Amazon Now.

IBM Brings Cloud-Native Environment To Private Clouds

IBM has announced a new IBM Cloud Private software platform to help companies unlock billions of dollars in technology investment in core data and applications and extend cloud-native tools across public and private clouds.

Indian Businesses Onboard Facebook Messenger Setting Up Rivalry With Whatsapp

Businesses in India such as BigBasket, Swiggy and HouseJoy are quietly signing up for a Facebook feature that allows them to target, connect, and transact with customers on Messenger, the social media giant’s instant messaging platform.

Memo To Infosys: Stop Squabbling With Murthy And Get Back To Work ASAP

There was a time when the Infosys’s quarterly results set the tone for the $150 billion Indian IT service sector’s performance. The bellwether’s numbers influenced not just its own shares but even the benchmark IT indices on Indian bourses. But on Oct. 24when the country’s second-largest IT company posted its financial results for July-September 2017 (Q2), the spotlight wasn’t on its net profit or revenue. Instead, it was mostly on the tussle between founder NR Narayana Murthy and the newly-appointed leadership.

Amazon Echo, Echo Dot, Echo Plus Alexa-Powered Smart Speakers Launched in India; Prime Music Coming Soon

Amazon said it is bringing Alexa as well as Amazon Echo, Echo Dot, and Echo Plus smart speakers to India, its fastest growing marketplace, as the company looks to extend its lead over Google Assistant-powered Google Home, and Apple’s Siri-powered HomePod in the smart speakers market. The company also said it will soon be bringing Amazon Prime Music, its music streaming service in the country. India is the fourth market after the United States, the United Kingdom, and Germany where Amazon has officially made Alexa and its smart speakers available, the company said.

The Private Labels Flywheel Starts Turning At Amazon India, To Be 25% Of Sales

It is every large format retailer’s wet dream to own brands, also called private labels. These in-house brands not only make a healthy contribution to the bottomline, they also help with service unmet market needs and plan inventories. The vagaries of the market are no different for Amazon.

E-Comm Race: The Clock Is Ticking For Flipkart

As another festival season gets over, Flipkart could be running out of time to stay ahead of the race as another round of deep discounting may have hurt the e-tailer more than Amazon, which has access to unlimited resources at its command unlike its cross-country rival.

To Reach India’s Small Businesses, Microsoft Bets on a Big, Blue Bus

Imagine the struggle a large technology company faces in India. You want to cater to the millions of mom and pop stores in the country, but they are happy offline. As companies scramble for ways to bridge the gap, Microsoft may have found something – to get people onto the information highway, it’s hitting the highway itself.

Narayana Murthy Clashes With Infosys Board Again In Midst Of CEO Hunt

Infosys Ltd co-founder Narayana Murthy publicly criticised the company’s board again, just as directors try to recruit a chief executive officer to replace one who resigned out of frustration with such clashes.

PayPal, A Pioneer That Introduced Digital Payments To The World, Now Wants To Ride India’s Boom

American online payments firm PayPal is looking at a bigger payoff from its bets in India. The company, which set up a startup incubator in Chennai in 2013, has now decided to start taking equity in the firms that join its programme, which was free till now. So far it has churned out 10 companies in four batches.

Apple iPhone 7 256GB Variant Discontinued To Boost iPhone 8 Sales

Apple has discontinued what has often been called the “best iPhone model” — iPhone 7 256GB. In fact, reports suggest that Apple might have stopped selling this variant of the iPhone 7 on the same day as the iPhone 8 was launched – September 12. The move is hardly surprising, and Apple is keen to push sales of its newest offering that has had a slow uptick thus far. Both the iPhone 8 and the iPhone 8 Plus have a 256GB variant, but ever since they launched, it is the iPhone 7 that has benefited most.

Infy Q2 Results: Analysts Expect Concrete Guidance, Stability

Ahead of Infosys’ second-quarter earnings announcement, analysts expect the outcome of the board meeting to reflect on long-term stability in the business along with short-term confidence-building measures like a date for share buyback and employees’ salary hike.

Busting The Myths of Artificial Intelligence

Conversations on Artificial Intelligence (AI) range from the extremely progressive views on the possibilities it offers to the other side of the spectrum where the chatter is all humdrum and the fear of losing jobs to machines overtakes everything else. Well, the fact is, both perspectives are right and matter equally.

Google Searches For More Corporate Clients

With an aim to capture market share from Amazon and Microsoft, Google is luring corporates with its machine learning and AI technologies at attractive price points.

How The Oldest IT Company IBM Is Discovering Its India Story

A sense of excitement, of jumping into something green or greener, pervades right through IBM India offices today. The organisation is in the midst of transforming itself to focus on the Indian market. It is metamorphosing with the aim to grow the more profitable India business, even as globally IBM has reported 21 quarters of declining revenues.