Abidali Neemuchwala Archives

Every shareholder is happy when a share buyback is announced. Some even pressure companies to repurchase shares because they see no value in remaining shareholders of the company. And sometimes it is the management that wants to be free of…

TCS To Decide On Share Buyback Next Week

by connect@thofgr.comFebruary 18, 2017June 8, 2017Leave a comment

India’s largest software exporter TCS said it will consider a share buyback at a board meeting next week. “This potential buyback will give TCS shareholders a shot in the arm. It will help investor sentiments. This move will create pressure…

IBM Chief Ginni Rometty Is Betting On A Cognitive World

by connect@thofgr.comFebruary 17, 2017June 17, 2017Leave a comment

If Google Inc. and Facebook Inc. dominate the online space with their machine learning, deep learning and suite of artificial intelligence (AI) technologies, International Business Machines Corp. (IBM) wants to go a step further and capture both the online and…

Blow For Indian IT: New US Bill Proposes Doubling Wage Limit For H1B Visa

by connect@thofgr.comJanuary 31, 2017June 8, 2017Leave a comment

India's information technology (IT) sector will face temporary setback to move workers from India to the US with the bill introduced in the US House of Representatives that mandates minimum wages of H1B visa holders at $130,000, double the current…

Indian Techies Nervous About Stay In Donald Trump’s America; Mull Passage Back Home

by connect@thofgr.comJanuary 26, 2017June 8, 2017Leave a comment

Indian engineers have for long viewed the US as the land of El Dorado with its promise of riches — professional and personal. But they are now a deeply worried lot as nationalist rhetoric turns shrill in Donald Trump’s America.…

Trump’s ‘Buy American-Hire American’ Pledge Unnerves Indian IT

by connect@thofgr.comJanuary 23, 2017June 8, 2017Leave a comment

New US President Donald Trump's 'Buy American-hire American' rallying cry has put the USD 150- billion Indian IT industry on edge, which is in wait-and-watch mode to see how the new administration evolves policies around outsourcing and movement of skilled…

Trump-Wary IT Body Nasscom To Meet US Policy Makers Soon

by connect@thofgr.comJanuary 20, 2017June 8, 2017Leave a comment

Amid widespread concerns over impending policies of Donald Trump, who is set to take charge as US President from Friday, Nasscom is planning a visit to the US in the next few weeks to reach out to American policymakers and…

NASSCOM 2 Last

by connect@thofgr.comJanuary 20, 2017June 8, 2017Leave a comment

Hoping for a "business-friendly administration", Infosys chief Vishal Sikka says Trump himself is an entrepreneur and a business leader and therefore, he "expects that this will be the case where business and innovation friendly regime." Greyhound Research Chief Analyst and…

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

by connect@thofgr.comJanuary 14, 2017June 9, 2017Leave a comment

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…

Outlook 2017: Tech Industry Faces A Volatile Year Ahead

by connect@thofgr.comJanuary 6, 2017June 9, 20171 Comment

“2017 is going to be a volatile year for the Indian IT industry,” says Sanchit Vir Gogia, Chief Analyst and CEO, Greyhound Research. “The pace of technological changes is very high and it will lead to substantial job cuts. The…

David Kennedy Exits Infosys Whilst Indian IT Service Providers Battle Protectionist Sentiment

by connect@thofgr.comJanuary 3, 2017July 18, 2017Leave a comment

On December 31, 2016, Infosys announced a sudden exit of its General Counsel and Chief Compliance Officer, David Kennedy. While no reasons have been cited by the company, per the terms of exit, Kennedy will receive aggregate severance payments of…

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

by connect@thofgr.comDecember 26, 2016June 9, 2017Leave a comment

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…

Infosys Steps Up Push For AI Business, Says Vishal Sikka

by connect@thofgr.comDecember 14, 2016June 17, 2017Leave a comment

Infosys chief executive Vishal Sikka says he would look at building the company’s artificial intelligence (AI) offerings as a standalone business, independent of the traditional services, to help build next generation applications for its customers. “It makes sense to have…

Wyde Pitches For The Trillion-Dollar Insurance Market

by connect@thofgr.comNovember 28, 2016June 25, 2017Leave a comment

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,…

Tata-Mistry Spat Unlikely To Hit TCS Operations: Analysts

by connect@thofgr.comNovember 13, 2016June 9, 2017Leave a comment

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…

Tag: Abidali Neemuchwala

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