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Category: Chief Financial Officer
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,…
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Infosys Invests Rs 14.5 Crore In Danish Artificial Intelligence Start-up
Bangalore-based Infosys on Friday announced that it has invested Rs 14.5 crore (DKK 14,920,000) in a Danish-based artificial intelligence start-up UNSILO. The investment is done through Infosys innovation fund. “Directionally this is a brilliant investment given the fact a lot…
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Demonetisation: How Infoscions Are Coping With Change
When Vishal Sikka took over as the first non-founder CEO of Infosys, amongst the half-a-dozen initiatives he undertook there was one that went unnoticed. Employee identification cards were tweaked and a new technology-enabled facility was incorporated into the ‘dog tag’…
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Wipro Begins Monetising From Its Intra-preneurship Projects
India's third largest IT firm Wipro has begun offering solutions to customers from entrepreneurial projects of its employees in segments such as corporate treasury and software defined infrastructure. "I will not be surprised if monetization has already happened in Wipro…
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Leading With Digital – Why This Transformation Matters For Traditional Orgs and Its CXOs
In today’s time, while leading with Digital is evident, who owns this transformation still remains a bone of contention. This journey needs to be co-owned by those who will be impacted first – the CXOs. Having said that, the starting point…
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Tata-Mistry Spat Unlikely To Hit TCS Operations: Analysts
The bitter boardroom battle at Tata Sons is unlikely to impact operations of the USD 100-billion conglomerate's crown jewel TCS, but if its chief N Chandrasekaran is elevated to the top at the group level, it could be a blip…
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SoftBank Group Writes Down $555 Million In Ola, Snapdeal Investments
Japan’s SoftBank Group Corp. has written down as much as 58.1 billion yen ($555 million) in two of its biggest investments in India, cab-hailing firm Ola (ANI Technologies Pvt. Ltd) and e-commerce marketplace Snapdeal (Jasper Infotech Pvt. Ltd), the company…
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UK Tightens Visa Rules For Techies
The UK government has decided to increase yearly salary threshold for technology professionals applying for visa by 44 per cent. Under the new visa rules announced last evening by the UK Home Office, anyone applying after November 24 under the…
Ankur Warikoo Working On A New Script For Nearbuy
An old lady runs through the narrow corridors of a slum, chasing two thieves, who had apparently robbed her bag. Twenty seconds into the chase, the old lady grabs them and hits them on to the ground. The video ends…
Why TCS CEO N Chandrasekaran Is The Favourite For The Post Of Tata Sons Chairman
The search for a new chairman of Tata Sons following the ouster of Cyrus Mistry has thrown up quite a few names. The high-profile names include Indra Nooyi, the head of PepsiCo Inc, Arun Sarin, the former head of Vodafone…
Read More Why TCS CEO N Chandrasekaran Is The Favourite For The Post Of Tata Sons Chairman
Firms Relying On Digital Transformation To Counter Disruption In Ecosystem: Survey
Disruption appears to be the new norm in India, with over 90 per cent of enterprises stating they have experienced disruption, and another 26 per cent unaware of how their industry would look three years down the line, according to…
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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…
Read More HCL Tech Q2 Profit Jumps 16.7%; C. Vijaykumar Promoted To Top Post
Dell Technologies Research: Indian Organizations Most Digitally Mature Globally
Businesses consider digital start-ups a threat, either now or in the future. Specific to India, Dell Technologies conducted a study (DRIVING OUTCOMES FROM DIGITAL TRANSFORMATION – INDIA INC. APPROACH) to understand what 150 digitally mature organizations are doing differently, in partnership with Greyhound…
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FirstCry Acquires BabyOye; Raises $34 Mn
Online baby products retailer FirstCry has agreed to acquire auto-to-software conglomerate Mahindra & Mahindra Ltd’s baby-care business BabyOye in a cash-and-stock deal that will help it consolidate its presence in the growing segment through an omni-channel strategy. Sanchit Vir Gogia,…
Big Business Houses Race For IT Infrastructure To Rival Startups
Sixty-three per cent of large businesses in India are scrambling to invest in IT infrastructure & digital skills to compete with start-ups who are posing a threat to traditional businesses and 62 per cent are planning to invest over 30…
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Dell Tech To Tap Indian Digital Transformation
To tap into the country's digital transformation, Dell Technologies, outcome of the $67 billion Dell-EMC merger, is sharpening its focus on the country. Specific to India, a study by Greyhound Research (DRIVING OUTCOMES FROM DIGITAL TRANSFORMATION – INDIA INC. APPROACH) found that: In India,…
Digital Startups Will Disrupt Businesses: Study
Businesses believe digital startups pose a threat to their organisation, either now or in the future, while most fear that they may become obsolete because of competition from these startups. Specific to India, a study by Greyhound Research (DRIVING OUTCOMES FROM DIGITAL TRANSFORMATION –…
Infosys Shares Down 1.1% On RBS Effect
The Royal Bank of Scotland’s decision to shelve its IT deal with Infosys may have hit the Indian company’s stocks on Tuesday but the development could have a ripple effect on many such projects for the IT sector and result…
Managing Technology Costs In A VUCA World
It's a cliche to say that we live in a VUCA world - one riddled with Volatility, Uncertainty, Complexity and Ambiguity. However, organisations in this VUCA world that continue to strive to stay competitive and scale up either by acquiring…
Why Microsoft Acquired LinkedIn? It’s All About User Insights!
On June 13, 2016 Microsoft announced the agreement to acquire LinkedIn for USD 26.2 billion. Important to note that this is the first big deal under Satya Nadella’s leadership and LinkedIn will continue to operate as an independent company. Albeit…
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Users will get to organise their information better
The acquisition of LinkedIn by Microsoft will help the duo assist client companies, and even individuals in the personal lives, to organise information and orchestrate their functions better. The deal is expected to give an impetus to Microsoft’s Customer Relationship…
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Microsoft To Acquire LinkedIn For $26.2 Bn
Microsoft Corp has agreed to acquire LinkedIn Corp for $26.2 billion in a deal that will combine the world’s biggest software maker with the largest global online network of professionals. Greyhound Research Chief Analyst and CEO Sanchit Gogia said that the…
Microsoft Looking For New Source Of Revenue
By acquiring LinkedIn, Microsoft is looking at further strengthening its business from corporates in India and social networking play, an area in which it lags behind Facebook. Analysts feel that Microsoft’s Productivity and Business Processes as one of the three segments…
Telecom Firms To Save Rs 150 Cr For Every 10-bp Dip in SUC
The three per cent telecom spectrum usage charge (SUC) for the forthcoming auctions will bring down the weighted average rate from the current 5.1 per cent for telecom companies. According to ICRA estimates, the sector will save annual revenues of Rs…
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LinkedIn sets sights on Indian start-ups
US-based social networking company LinkedIn is looking at buying Indian start-ups, has tweaked its India portal and with its new 800 seater office in Bengaluru, as it seeks to build on its India presence. India is currently the second biggest market…
Why Google winning ‘fair use’ lawsuit against Oracle is good, bad and ugly
The long drawn courtroom drama between Oracle and Google finally saw a slice of victory for the latter. A jury in a U.S district court unanimously upheld claims by Google that its use of Oracle’s Java development platform to create…
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To grow in IT, Tata Sons looks inside for a new strategy
Tata Sons is looking at implementing a group-level acquisition strategy for some of its IT needs , as it focuses on gaining better value in its technology spending, two sources with knowledge of the matter told ET. "It will take…
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India becoming the new battlefield for data center providers
After the entry of Microsoft and IBM in the public cloud data center market, and with more to follow, the CIO will have to be a connoisseur in weighing cloud options. Public cloud data center services: Indian vs foreign providers…
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Vision 2021: will Infosys, Wipro make it?
The vision plans laid out by Infosys and Wipro, which involves doubling their revenue in five years, face several challenges — from employees having to think differently, to achieving scale in new business areas. Sometime in early 2008, TCS laid out…