Visa, Mastercard, Amex In Breach As Deadline For Data Localisation Passes

As the deadline for payment companies to comply with the Reserve Bank of India’s (RBI) data localisation rule ran out, major payment network players, including Visa and Mastercard, were in breach. While there was no official word on the status…

RBI Unlikely To Extend Oct 15 Deadline On Data Localisation

The Reserve Bank of India is unlikely to extend the October 15 deadline for the payments ecosystem players to set up a facility to store transaction-related data in India. Those players that do not comply with the central bank’s April…

Open Source Office Software Suites For The Enterprise That Can Rival Microsoft Office 2019

Open-source office software is increasingly proving to be a worthy alternative to licensed office software suites, say analysts and industry experts. According to Sanchit Vir Gogia, chief analyst, founder and CEO of Greyhound Research, a lot of organizations are using…

Why Indian Startups Are Worried About GDPR Complaince

Indian companies, including startups, have been trying to make sense of the European Union's General Data Protection Regulation (GDPR), which came into effect on May 25, while taking initial steps to inform their customers about the new law and protecting…

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

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Irony Of H-1B Visa Policy: Jobs Trump Is Trying To Protect Are About To Vanish Altogether

American President Donald Trump’s policy to protect jobs by imposing restrictions on H-1B visas is unlikely to be of any help to that country and may hurt US interests, say experts. What Trump is seeking to protect are entry level…

H-1B, Singapore Protectionism: Calm Down, This Is No Do Or Die Battle, Indian IT Has Weathered Bigger Storms

With the latest missive from the Donald Trump administration on H-1B visa, cautioning companies against misuse, the immigration issues of the Indian IT sector are back in news. And it is not the US alone that is drumming up protectionism…

Trump Begins Clampdown On H-1B Visas

In a fresh blow to software professionals, the Trump administration has moved to bar entry-level programmers from the H-1B visa programme. “H-1B abuse is very high and it is important to check the abuse. All IT services players will adjust to…

Why Our Startups Stutter Even As Indians-Led Enterprise Firms Scorch Silicon Valley

Shutdowns. Funding crunch. Falling valuations. Firings. By pretty much any metric, India’s consumer internet companies have been going through a rough patch. Sanchit Vir Gogia, Chief Analyst and CEO, Greyhound Research, feels Silicon Valley is a way more mature ecosystem. “Indian…

Rs 1.25-Cr Uber Package: Delhi Student’s Offer Matches Silicon Valley Salaries

A starting salary of Rs 1.25 crore per annum to a Delhi student matches the average pay package of American software engineers but is still 40-50% more that what Indian techies working in the US earn. “An average American software-engineer…

New H1-B Bill: Despite Vishal Sikka’s Hopes On Trump, Indian IT Margins May Take A Hit

The Donald Trump administration which will take charge on 20 January in the US has announced that it will push for legislative measures to curb misuse of H1-B and L1 work visas significantly used by Indian IT professionals. The US…

Infosys’ Rs 5.9 Cr Severance Pay To Kennedy Bid To Play Safe With Trump

IT major Infosys’ Rs. 5.9 crore ($868,250) severance pay offer to outgoing General Counsel David D Kennedy is a move to play safe with  Donald Trump administration in the US, say experts. "There is some kind of an abruptness in…

India’s HCL Technologies Counters Trump-Led US Protectionist Sentiment

On Dec. 8, thousands of supporters in a packed hall in Des Moines, Iowa vociferously cheered President-elect Donald Trump as he reiterated his campaign promise to bring back home millions of jobs that Americans have lost to foreigners. Sanchit Vir…

Wipro To Pay $5 Mn To Close Six-Year-Old US Securities Probe

Software major Wipro said it had agreed to pay a civil penalty worth $5 million to the US Securities and Exchange Commission (SEC) to resolve a six-year investigation on account of embezzlement of funds by an employee. “Wipro’s decision to…

Omega Healthcare Bets On Trump Presidency To Bring Growth, Offshoring

India's large outsourcing firms may be hesitant to give a verdict on policies of President-Elect Donald Trump when he gets into office, thanks to his anti-immigration and anti-outsourcing rhetoric that helped him win elections. But Gopi Natarajan, chief executive of…

Wyde Pitches For The Trillion-Dollar Insurance Market

While it may not be one of those typical posh offices in Manhattan’s Park Avenue, the office of Wyde.com is nonetheless upscale for a small technology business. At building No. 460, Rajesh Makhija, CEO of the $50-million software product SMB,…

Should The Indian IT Sector Be Vary Of New US President-Elect Donald Trump

Republican candidate Donald Trump just two days ago during his election rally had strongly criticized technology giant IBM for laying off 500 staffs working at Minnepolis located on mid-western US state of Minnesota. During his rally, Trump also had said…

HCL Tech Q2 Profit Jumps 16.7%; C. Vijaykumar Promoted To Top Post

HCL Technologies Ltd, India’s fourth largest information technology (IT) firm, on Friday reported that its net profit rose 16.7% year-on-year to Rs2,014 crore in the September quarter, fuelled by strong growth in its  infrastructure services business and improved margins. The…

Lifestage: Is Facebook Facing An Identity Crisis?

Is Facebook Inc. facing an identity crisis? What else could explain why the social networking company launched a stand-alone app for teenagers which does not require a Facebook account. The app called Lifestage is for those under 21, created by a…

Should Flipkart & Amazon Worry About Walmart’s Entry Into E-tail Market?

World’s largest retailer Walmart Stores Inc. has finally entered the e-commerce business with the acquisition of a one-year old startup Jet.com. Sanchit Vir Gogia, Chief Futurist, Founder and CEO of Greyhound Knowledge Group, feels that Walmart will take time to move out…

Google Continues To Ride High On Advertising In June Quarter

Advertising powered Internet giant Alphabet Inc.’s revenue growth in the second quarter, as it has for years now. Revenue at Alphabet—Google’s parent firm, formed in 2015—rose 21% to $21.5 billion in April-June from a year ago. Advertising revenue reached $19.14 billion,…

Facebook Results Deliver More Bad News For Newspapers

Sure, Facebook increasing its quarterly profit to over $2 billion in the three months ended 30 June, a mere six months after it hit $1 billion is significant, but there’s something even more important in the numbers presented by the…

Verizon Inks Deal To Acquire Yahoo For $4.83 bn

by Yahoo! Inc. has agreed to sell its core operations to US telecom giant Verizon Communications Inc. for $4.83 billion in a transaction that marks the end of the Internet pioneer as an independent company after a two-decade-long journey. Greyhound…

Verizon Acquires Yahoo For $4.8 billion In All-Cash Deal

Yahoo, one of the biggest Internet services companies of yesteryears, has been acquired by US telecom major Verizon for $4.83 billion in an all-cash deal. While the acquisition is being seen by many analysts as the end of the road for…

Verizon Buys Yahoo, Puts It In Competition With Facebook, Microsoft And Google: Analyst

Yahoo, that has been restructuring its business for year now, finally sold out to Verizon. Verizon sealed the deal for $4.83 billion, all in cash. This acquisition gives Verizon access to Yahoo’s advertising technology tools such as BrightRoll and Flurry, assets…

Technology @ Hotels: Time For Big Change

Use of technology at hotels has evolved over the last 3 decades from being a simple billing system to now facilitating the entire booking to checkout cycle.  Despite seeping into all functional areas, technology has never been at the forefront…

On Top Of Cloud

As oracle programmers rewrite fresh codes for its cloud services, the company is scripting a new history. It is transforming itself into a cloud-first company. Some industry watchers might argue that it is a tad late in entering the realm of…