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IT Companies Resort To Layoffs As Pressure Mounts Due To Covid Crisis
The information technology (IT) industry is laying off thousands of employees across the globe and in India, on grounds of non-performance, lack of projects and rightsizing surplus staff as pressure mounts on firms due to an uncertain business environment. …
Read More IT Companies Resort To Layoffs As Pressure Mounts Due To Covid Crisis
With Valuations At Historical Low, M&A Activity To Pick Up Pace In IT Industry
The hunt for the right acquisition in the IT industry is expected to pick up pace as valuations are down to a historical low, with the possible merger of mid-tier players Mindtree and L&T Infotech playing out earlier than expected. …
Read More With Valuations At Historical Low, M&A Activity To Pick Up Pace In IT Industry
Engagement, User Experience Critical For Homegrown Apps To Succeed
The ban on 59 apps with Chinese links has opened up opportunities for homegrown players to accelerate growth but they will have to ensure good user experience and engagement on their platforms to be successful, according to industry analysts. …
Read More Engagement, User Experience Critical For Homegrown Apps To Succeed
Ban On ‘Made-in-China’ Apps Gives India’s TikTok Rivals A Boost
India's decision to ban 59 'made-in-China' apps is proving a blessing to local software developers, especially alternatives to video-sharing social networking service TikTok, which until the ban had 200 million users in the country. Some experts, however, see challenges…
Read More Ban On ‘Made-in-China’ Apps Gives India’s TikTok Rivals A Boost
Google-Reliance Partnership Heats Up Indian eCommerce Race
TOKYO -- Google's surprise decision announced on July 15 to invest $4.5 billion into Jio Platforms, the digital business arm of India's biggest family-owned conglomerate Reliance Industries, has so far not been accompanied by any announcement on Google's role in Reliance's…
Read More Google-Reliance Partnership Heats Up Indian eCommerce Race
Trump’s Order Queers The Pitch For H-1B Workers
US President Donald Trump’s order restricting American federal agencies from hiring foreign workers, including those on the coveted H-1B visas, is likely to further squeeze Indian outsourcers as they work on many such projects either directly or as sub-contractors. …
Airtel Inks Strategic Alliance With Amazon Web Services To Tap SMB Opportunity
Bharti Airtel is set to sign a strategic alliance with Amazon Web Services (AWS), the cloud services arm of retail giant Amazon, to tap small-and-medium businesses (SMBs). The pairing will be pitted against the Reliance Jio Infocomm-Microsoft combine as they compete for a share…
Read More Airtel Inks Strategic Alliance With Amazon Web Services To Tap SMB Opportunity
Companies Pivot To Digital Even As IT Budgets Are Under Pressure
As the proverbial light at the end of the Covid-19 tunnel increasingly seems like a mirage, with every day bringing new challenges, IT budgets are under increasing pressure. But companies are also spending on initiatives that will help them recover quickly…
Read More Companies Pivot To Digital Even As IT Budgets Are Under Pressure
Some Relief For Indians As Trump Allows Certain Exemptions In H-1B, L-1 Ban
In what could be a respite for Indian IT professionals and those working in the healthcare sector in US, the Trump administration has announced certain exemptions in H-1B and L-1 travel ban for those continuing employment with the same employer.…
Read More Some Relief For Indians As Trump Allows Certain Exemptions In H-1B, L-1 Ban
Not Everyone In India Is Going Without A Salary Hike In 2020
Indian professionals are split between making peace with pay cuts and demanding pay raises in this year of crisis. Some experts say the lack of increments is not a big issue as people are saving money on commutes as they…
Read More Not Everyone In India Is Going Without A Salary Hike In 2020
Reliance Likely To Acquire TikTok In India For $5 billion
India's most valuable company Reliance Industries Limited (RIL) is reportedly the latest bidder for the Bytedance-owned TikTok in India. The Mukesh Ambani-led firm had begun talks last month with the Chinese firm to acquire its operations in India. The deal…
Read More Reliance Likely To Acquire TikTok In India For $5 billion
Does Acquiring TikTok In India Make Sense For RIL?
Reliance Industries Ltd could gain a deeper connection with consumers by acquiring TikTok in India, but its existing strategic partnership with Facebook — which owns Instagram — could put the deal under the scrutiny of the Competition Commission of India,…
Read More Does Acquiring TikTok In India Make Sense For RIL?
#CounterpunchWithSVG E04: IBM’s Love Affair With Quantum Computing Is Age-Old Yet New
Catch Robert S. Sutor (Bob), Vice President - IBM Q Strategy & Ecosystem, in an exclusive conversation with Sanchit Vir Gogia (SVG), Chief Analyst & CEO, Greyhound Research on our executive Q&A series, #CounterpunchWithSVG. As the name suggests, SVG does really pull…
Read More #CounterpunchWithSVG E04: IBM’s Love Affair With Quantum Computing Is Age-Old Yet New
Is Reliance Jio Shaping the Future of Digital India?
India’s struggle against the COVID-19 pandemic hasn’t stopped the deal making spree at Reliance Industries. As the country slows down, Mukesh Ambani’s conglomerate by sales and market capitalization has only seemed to speed up. In fact, some critics point out that Reliance…
Read More Is Reliance Jio Shaping the Future of Digital India?
What Next For Cash-Rich Jio?
Raising $15 billion through 11 deals over three-months in a normal environment is impressive for any company. But, doing it during a global pandemic when stock markets are fluctuating, confidence in investing is low and the effects of said pandemic…
Reliance-Owned Jio Platforms To Beef Up Its Capabilities With Qualcomm’s Investment
Jio Platforms, the digital arm of India’s largest conglomerate Reliance Industries, which has raised USD 15.7 billion in the last 12 weeks from 11 high-profile investors, has got American chipset maker Qualcomm as its newest backer. According to Sanchit Vir…
Read More Reliance-Owned Jio Platforms To Beef Up Its Capabilities With Qualcomm’s Investment
Jio Ready With 5G Solution, Ropes In Google For Affordable Smartphone
Mukesh Ambani unveiled his blueprint to build a complete technology ecosystem around Jio Platforms that includes developing India’s first 5G network solutions and affordable 4G smartphones in partnership with global giants such as Facebook, Qualcomm, Intel and Google. "The decision…
Read More Jio Ready With 5G Solution, Ropes In Google For Affordable Smartphone
Google To Invest Rs 33,737 Crore For 7.73% Stake In Jio Platforms
Reliance Industries (RIL) Chairman Mukesh Ambani on Wednesday announced a strategic partnership with Google and development of in-house 5G solutions, in a bid to win over new customers and create a platform for future growth. "The decision by Google to invest in Jio is a…
Read More Google To Invest Rs 33,737 Crore For 7.73% Stake In Jio Platforms
For Home Grown 5G, RJio Bets On Free Platform Open RAN
Mukesh Ambani’s plans to build home-grown 5G network solution is based on an open source telecom platform called Open RAN. This network platform, similar to how open source software became a game changer in the 1990s, attempts to build telecom…
Read More For Home Grown 5G, RJio Bets On Free Platform Open RAN
From Jio Glass To 5G Network, Reliance’s New Announcements Hint At Its Ambition To Dominate Everything Digital
When Mukesh Ambani—the world’s sixth-richest person—and chairman and managing director of India’s largest conglomerate, Reliance, made a slew of big announcements during the company’s 43rd annual general meeting (AGM) on Wednesday, his message was clear: Reliance would dominate everything digital, including 5G, smartphones,…
Roshni Nadar Takes Charge At HCL Technologies
Roshni Nadar Malhotra, the only child of billionaire industrialist Shiv Nadar, has been named chairperson of HCL Technologies Ltd, India’s third largest information technology (IT) services firm, as part of a succession plan. “Roshni’s appointment means new blood and new…
IT May See Surge In Offshoring Biz
Indian software services exporters are likely to gain from a steady shift in offshoring business of their global clients amid the upheaval caused by the coronavirus pandemic. With North America and Europe contributing as much as 60% of revenues, shifting business onshore will…
Mukesh Ambani Gave Google And Facebook A Discount On Reliance Jio Stake — Here’s Why
During the Reliance Annual General Meeting, Chairman Mukesh Ambani announced that Google has invested ₹33,737 crore in Jio Platforms for a 7.7% stake. Google became the second largest investor in Jio after Facebook which has a 9.9% stake in the…
Read More Mukesh Ambani Gave Google And Facebook A Discount On Reliance Jio Stake — Here’s Why
Google Invests In India’s Red-Hot Jio Platforms To Build Cheap Cellphones
On Wednesday, Chairman of Reliance Industries Limited Mukesh Ambani announced that Google will invest $4.5 billion to take a 7.7% stake in Jio Platforms, the telecoms and digital arm of Ambani’s vast Reliance conglomerate. "This is a marriage of equals and hence of massive possibilities,"…
Read More Google Invests In India’s Red-Hot Jio Platforms To Build Cheap Cellphones
Why Has Google Made A $10 Billion Bet On India Now
In 2014, even before he became the CEO of Google, Chennai-born Sundar Pichai had envisioned Google placing big bets on India. Back then he had predicted that the growth in internet user base would make India not only a huge…
Read More Why Has Google Made A $10 Billion Bet On India Now
Bullish Google Looks To Invest $10 Billion Over 7 Years To Digitize India
Google’s chief executive Sundar Pichai pledged to spend $10 billion in India over the next 5-7 years to get more businesses and people online, the internet giant’s biggest bet yet to tap one of the world’s fastest growing internet markets. Sanchit Vir…
Read More Bullish Google Looks To Invest $10 Billion Over 7 Years To Digitize India
Qualcomm Brings DeepTech, Device, And Startup Prowess To Jio
On July 12, 2020, Reliance Industries Limited (RIL) announced Qualcomm Ventures decision to invest INR 730 Crore for 0.15% equity stake in Jio Platforms, a wholly-owned subsidiary of RIL. Qualcomm Ventures has invested at an Equity Value of Rs 4.91…
Read More Qualcomm Brings DeepTech, Device, And Startup Prowess To Jio
RIL’s Ambitions For Jio Are Broader And Deeper Than What Meets The Eye
Updated on July 13, 2020 The last 2+ months have been a rather busy one for Reliance Industries Limited (RIL). The company has announced twelve big investment deals - from Facebook, Silver Lake Partners, Vista Equity Partners, General Atlantic, KKR…
Read More RIL’s Ambitions For Jio Are Broader And Deeper Than What Meets The Eye
China Complaining About Its Apps Being Banned Is As Good As Irony Gets
On June 29, 2020, the Government of India announced a ban on 59 apps of Chinese origin. In the long list of apps, many applications are unheard of, and it includes famous applications called TikTok, CamScanner and a few others…
Read More China Complaining About Its Apps Being Banned Is As Good As Irony Gets