PSB Consolidation May Shrink IT Firms’ Business

Technology companies offering niche services to banks face a challenge as public sector lenders consolidate, with issues around shrinking revenue, reduced clients and heightened competition, industry experts have said. Banks may consider changing their technology infrastructure, analysts said. This means,…

New-Age Internet Companies Are Going Big On Soft-Skill Training

New-age internet companies across the eCommerce, food-tech and fintech sectors are increasingly using soft-skill providers to train their workforce. These human resource development programmes have traditionally been used by the manufacturing and automobile industries for their staff. “Even larger companies…

Cognizant Slashes Jobs As Part Of Cost Cutting, Revamp Plan

Cognizant Technology Solutions will eliminate as many as 7,000 mid-senior level jobs globally and reskill about 5,000 employees as part of a plan to save costs and simplify the company’s organizational structure. “Such layoffs are already happening quietly in the industry…

Infosys’s Battle With Corporate Governance Is Not Just It’s Own

As if Monday morning blues aren't enough to rock one's world, folks at Infosys had it worse on Monday, 21st October. At about 9 am IST, the media reported another round of supposed corporate governance issues at Infosys. And post that,…

#BoycottJio Controversy: No More Than A Storm In A Teacup

On October 9, 2019, I noticed my Twitter timeline was abuzz with a hashtag, #BoycottJio. Until then, I hadn't heard about the announcement by Reliance Jio to charge users 6 paise per minute for voice calls made to other networks.…

HP Inc. Is Looking To Sprint Its Way To Better Health – Can Work But Not Before It Hurts Enough!

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Banks May Take 3 Years For Tech Merger

Banks may take 2-3 years to standardise core technology, products and customer applications after the government proposed to merge some prominent public sector lenders last week, analysts said. “The integration process would take 24-36 months. Website, mobile apps, IVR —…

Small Contracts Are A Big Deal For IT

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Reliance Jio, Microsoft Partner To Bring Azure Cloud To Jio’s Data Centers

Reliance Jio and Microsoft have entered into a long-term alliance to offer a set of solutions comprising connectivity, computing, storage solutions etc to create more affordable offerings for Indian SMBs, startups and large enterprises while also adding capabilities to Reliance Industries’ ecosystem. Sanchit…

Mukesh Ambani Sets Out To Dominate Digital India

For all the publicity blitz accompanying Mukesh Ambani’s $30bn charge into the digital economy, the details of his long-term strategy remain a closely guarded secret. Mr Ambani’s Reliance Jio venture has upended India’s telecom sector, devastating the profits of incumbent operators…

Respite From Pesky Calls, Messages: Airtel Awards Pan-India Blockchain Deal To IBM

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India Has Added Two New Tech Unicorns In Just The Last Month

2019 is turning out to be great for Indian internet ventures. It’s not even mid-way into the year, and the country has already seen two internet firms achieve unicorn valuations, and at least one more is close to the milestone.…

Rajan Anandan Quits Google India, To Join Sequoia India As MD

Rajan Anandan, who led Google’s operations in India and South-East Asia, is leaving the company to join Sequoia Capital India. Anandan, who had an eight-year stint at Alphabet Inc.’s Google, will become managing director at Sequoia Capital India, the venture capital…

Tech Mahindra At Work On Larger Bench Of Executives For Key Roles

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Who Wins And Who Loses If India’s Draft eCommerce Rules Are Implemented

In proposing to tighten the rules around e-commerce, India is both offering respite and ruffling feathers in equal measure. The draft e-commerce policy released by the Modi government on Feb. 23 is poised to shake up the country’s nearly $40 billion (around Rs2.8 lakh crore) online…

E-commerce Policy Draft: DPIIT Digs Heels On Data Localisation

Following the ‘data is oil’ argument often used by businesses, the latest e-commerce policy draft focuses on different aspects of data localisation, while also seeking to establish data as an economic resource, said experts. The government has made its intent to regulate…

Amazon Has Ambitious Plans To Earn From Virtual Assistant Alexa

Amazon is working with brands across sectors to enable them to build skills on its Alexa platform. From daily news updates to smart-home integrations, banking services, food ordering and cab hailing, Alexa has been equipped with skills as the service expands.…

Intel India FY18 Profit Up 4.6% To Rs 379 Cr, Revenue Grows 23%

Intel India saw profits grow 4.6% to Rs 379 crore and revenue by 23% to Rs 4,149 crore in fiscal 2018, according to the company's filings with the Registrar of Companies (RoC). The company has seen increased competition from peers such as…

As Action Moves To Cloud, Server Sales Take A Hit

Server sales in India declined for the first time due to weak demand from IT services firms, whose clients are increasingly renting space on the cloud to host applications instead of setting up their own infrastructure. Analysts said there were examples of…

In India, It’s Chinese vs Chinese When It Comes To Smartphone Market

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Tiger Global’s Stake In Razorpay To Increase With ESOP Buyback Plan

US-based hedge fund and venture investor Tiger Global Management is buying back the shares of 140 employees at payments firm Razorpay via an employee stock option (ESOP) plan, a statement by the Bengaluru-based startup said. The investor is buying the…

IBM’s Red Hat Acquisition: Here’s What The Mega Deal Means

IBM on October 28 made its biggest-ever acquisition- that of open source software company Red Hat for $34 billion, and the deal could have some impact on the India operations of the combined entity, feel experts. Calling the deal a…

IBM Announces Acquisition Of Red Hat

On Sunday, IBM said it is acquiring Red Hat for $33 billion, a premium of 63% over its traded value, as it looks to build the hybrid cloud capability and take on entrenched players such as VMware, Google Cloud, Amazon…

India Has Already Hit Record Number of $1 Billion Startups This Year

You get a clear sense of Policybazaar’s target audience the first time you watch Yama, the Hindu god of death, drag a bedridden man to hell for failing to buy insurance. In a series of melodramatic TV spots, the fearsome deity,…

How To Choose Between Google One, OneDrive, iCloud

In a bid to enhance its revenue from storage on the cloud in India, Google Inc. has launched a new cloud storage subscription service called Google One. The idea, according to the company’s tagline, is to “get more out of…

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…

Digging Deeper – Data localisation: RBI deadline ends

The RBI's deadline of 15 October for all payment system operators to comply with the central bank’s data localisation norms just went by. Companies like Visa, American Express, Facebook, PayPal, Mastercard, Google and WhatsApp are required, as per the Reserve…

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…

Oracle Blockchain Service Speeds Up Transactions Of Global Businesses Securely

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