It’s become something of a fashion to complain about job losses in India’s big IT services firms. Companies like Infosys Ltd, Tata Consultancy Services, Wipro and Cognizant employ over a million people in the country, and have been letting go off tens of thousands this year as they grapple with slowing growth and changing business […]
IT services company Wipro Ltd said it would collaborate with commercial Linux maker Red Hat to set up what it called a “cloud application factory” to offer developers a platform to modernize cloud applications. “Wipro’s cloud application factory will have a dedicated services team that can help drive the strategy, design, and delivery of next […]
Reliance Jio users are a happier lot than customers of other services, but call drops and network availability remain key concerns, according to a survey conducted by a market research firm Velocity MR. The firm conducted a study among more than 2000 smartphone users across the cities of Delhi, Mumbai, Bangalore, Kolkata, Hyderabad, Pune, Ahmedabad […]
There was a massive 54% increase in the number of records stolen by cyber criminals across the globe in 2016, and the expanding adoption of connected devices is increasing the danger of hacking, Wipro Ltd said in its State of Cybersecurity Report. The report found that the emergence of smart devices like connected cameras, cars, […]
Shares of Reliance Industries rose 3.5% today — an extraordinary move for such a large company — after it emerged that not only did the company not lose subscribers when it made the transition from free to paid services in April, it actually added a few million. The result was that the new entrant had […]
Anil Ambani-led Reliance Communications said it disagrees with the decision of agencies Moody’s and Fitch to downgrade the company’s credit rating based on its ‘standstill agreement’ with its lenders. Shares of RCom fell 4% to Rs 19.30 on the National Stock Exchange today as a result of the ratings action yesterday. “We respectfully disagree with […]
Laurel Energetics, one of the six persons who are making an open offer for the shares of RattanIndia Infrastructure Ltd said the acquirers have submitted a bank guarantee of Rs 111.41 cr rupees for conducting the open offer. The bank guarantee was made a precondition for the open offer to buy 35.9 cr shares of […]
Tata Consultancy Services said it will create applications on MindSphere, the cloud-based, open IoT operating system from Siemens. IoT stands for ‘Internet of Things’ and refers to connectivity between two machines over the Internet, with zero human interface. Examples include a connection between a smart electricity meter at the customer’s home and a billing computer […]
Shareholders of Raymond Ltd rejected the sale of apartments in the company’s headquarters JK House to certain promoters. Chairman of the company Gautam Singhania had urged shareholders to vote against the resolution as the sale of the apartments would cause losses to the company as a whole. Four duplex flats were let to four members […]
The Aditya Birla Group said it got the approval of the Company Law Tribunal for the merger of Aditya Birla Nuvo Ltd and Grasim industries Ltd and the listing of Aditya Birla Financial Services Ltd. The approval was obtained from the Ahmedabad bench. “The approved Scheme has been filed with the BSE and the NSE. […]
A trustee of a prominent international school in Andheri in Mumbai has been booked for sexually exploiting kids studying in kindergarten in the school. According to the complaint filed in MIDC police station in Mumbai, a teacher used to take two kids — both aged three — to the trustee’s office during breaks. The incident […]
Den Networks said it sold its home shopping channel to Pimex Broadcast Private Limited based in Noida. Den entered the business under a joint venture with Jasper Infotech, the holding company of e-commerce firm Snapdeal.com, two years ago. “The name of DEN and Snap deal will be dropped off from the branding,” said the cable […]
Tata Elxsi, the Tata Group’s design and technology services company, said one of the top five carmakers in the world has licensed its driverless car software for use as part of its research and development in this direction. Further details of the deal were not disclosed. “We are delighted with this latest win for AUTONOMAI […]
Sun Direct, the DTH arm of Sun TV, could end up benefiting from the financial troubles faced by Anil Ambani Group’s Reliance Communications. Speaking to media yesterday, Reliance Communications top honchos said the company was looking at various ways to reduce debt, including a sale of its DTH business. However, DTH services are notoriously difficult […]
Bharti Airtel said it received the approval of the Securities and Exchange Board of India, BSE and National Stock Exchange of India for its proposed merger with Telenor India. Bharti Airtel further stated that Telenor India and Airtel have today filed the joint company application before the New Delhi Bench of the National Company Law […]
It’s been anticipated for years, but today at Computex, Qualcomm announced the launch of what can be called a world war in the semiconductor business. The smartphone chipmaker said three PC manufacturers — Lenovo, HP and Asus — will start making computers with its chips inside them. The move should be particularly bitter for Intel, […]
Times Group, India’s largest media group, has taken a step towards what may eventually be a paid model for online news by introducing ‘exclusive’ content for registered users. For now, registration and membership is free. Users can sign in using their Facebook or Google IDs, without having to type a single word. PAID MODEL? The move […]
A technology that has been around for almost a decade is now getting deployed on a large scale by Indian telecom operators to deploy 2G, 3G and 4G networks using the same base station. This could hit the revenue and growth prospects of telecom tower companies, while reducing the number of antennas mounted on each […]
With new operator Reliance Jio snapping at its heels, incumbent Bharti Airtel has decided to slash its data prices for everyone with the introduction of new 4G dongle plans, Telecom Talk blog reported quoting unnamed sources. At present, Bharti Airtel does not offer any plan that comes close to what new entrant Reliance Jio has […]
Ahead of the launch of Jio Fiber by Reliance, Bharti Airtel slashed its home broadband prices with a new set of cheaper plans. The new plans now offer up to 100% more high speed data benefits within the same monthly rentals, the company said. Existing customers will be upgraded to the new benefits automatically within […]
