Uber-Reliance Jio Partnership Signals Larger Battle In Mobile Wallets

Mukesh Ambani-promoted Reliance Jio’s partnership with Uber, the American cab-hailing company announced on Monday, signals a larger battle in the mobile wallet space where Paytm leads with over 160 million users. Airtel could not gather the critical user base while the intent was to do the same (like Paytm). A lot will depend on how ...

India’s 3rd Biggest E-Commerce Firm Snapdeal Is Cutting 600 Jobs, And There Could Be More To Come

The e-commerce industry in India has received another blow. On Wednesday, India’s third biggest e-commerce firm Snapdeal announced that it will be laying off employees. Though the company refrained from giving out exact numbers of people to be given the pink slip, industry insiders expect it to be in the range of 400 to 600. ...

H1B Visa: India Begins Dialogue With US Lawmakers

The Indian software services companies will breathe a sigh of relief as the Indian ministries, authorities and industry lobby had a dialogue with a visiting eight-member US delegation headed by Congressman Bob GoodLatte, on the ongoing concerns of H1-B visa holders. The US has introduced the Lofgren Bill, which proposes the minimum wages being doubled ...

Amidst Slow PC Sales, HP Launches OMEN Gaming Laptops And Desktops In India

Amidst slowing sales of PCs across the world, HP entered the Indian PC gaming market with its OMEN series of products. The products will be available by 15th March, 2017 on HP world stores, e-commerce portals, and large format retail outlets across India. While HP is targeting millennials with its Omen series, research and advisory ...

Indian CEOs Are Far Behind The US Ones In Severance Pay Packages

Indians are way behind the USA, when it comes to severance package doled out to the CXOs. Compared to 3-5% Indians getting the severance pay as a safeguard clause in their contracts, it’s almost 60-70% in the USA. The scenario came to light when the exit of Infosys CFO Rajiv Bansal happened. It has been ...

Golden Parachutes Start To Land In Indian Tech CXO Contracts

Departing Infosys CFO Rajiv Bansal's hefty severance package was one of the central issues in the row that broke out between the company's founders and its board, but East is far behind the West in offering so-called golden parachutes to CXOs. However, the concept is said to be fast catching on as companies increasingly hire executives ...

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 in the US, gets anything between $1,40,000 to $1,70,000… depending on which school has the ...

Is Flipkart Clawing Back In The Game Against Amazon?

In early signs of a reversal in fortunes, Flipkart has outrun rival Amazon India in gross sales in two consecutive months, after trouncing the US-based ecommerce company with its Big Billion Day sales in October. The Indian ecommerce giant recently witnessed a top-level management rejig. Sanchit Vir Gogia, Chief Analyst and CEO at Greyhound Research, ...

Sasken Communication Changes Name To Reflect Its Broad Range Of Services

Sasken Communication Technologies Ltd has changed its name for the second time since its inception in 1989 to Sasken Technologies Ltd effective February 14 to reflect its broad portfolio of services. “While the intent behind the name change is welcome, more needs to be done internally and communicated to stakeholders for them to take the ...

Donald Trump’s H-1B Visa Restrictions Will Not Be A Deterrent For IT Sector; Here’s Why

Despite the impending dark overtones cast on India’s IT sector, the reality on the ground is far from anything bleak. Irrespective of the announcements from US president Donald Trump, Brexit concerns and the slowing global economy, the IT sector seems to have factored the low spell and will be only marginally impacted. The sector will ...

TCS To Decide On Share Buyback Next Week

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 on Infosys to follow suit. But it is a short-term measure and might impact the ...

IBM Chief Ginni Rometty Is Betting On A Cognitive World

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 offline worlds with its cognitive computing platform. Artificial intelligence is a top priority for both ...

प्रमोटरों के सवाल पर इन्फोसिस की सफाई, सिक्का का पैकेज बढ़ाना कंपनी हित में

देशके सबसे बड़े उद्योग घराने टाटा समूह के बाद अब देश की दूसरी सबसे बड़ी आईटी कंपनी इन्फोसिस में प्रमोटर और बोर्ड के बीच मतभेद सामने रहे हैं। प्रमोटरों ने एमडी और सीईओ विशाल सिक्का के सैलरी पैकेज के साथ उनके कुछ फैसलों पर सवाल उठाए हैं। इनमें दो पूर्व एक्जीक्यूटिव्स को कंपनी छोड़ते वक्त ...

A ‘Kshatriya’-Run Infosys Continues To Ring The Bell Despite Murthy’s Attack

Run by a kshatriya, a warrior – Vishal Sikka calls himself one – Infosys’ stocks continue to perform well despite allegation of “low corporate governance” by former chairman and co-founder NR Narayana Murthy. “There will always be differences in how an organisation can be run and this is expected all the more when founders are ...

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