With more than 3,000 tech start-ups, India is the fourth largest base for young businesses in the world and it is expected that by 2020 the base will increase to 11,500 tech start-ups, Nasscom said in its “Tech Start-up in India: A Bright Future” study today. The report, created in association with research firm Zinnov, […]
HCL Infosystems, the India-focused arm of the HCL group, said it has been named in a charge sheet related to alleged irregularities in the award of a contract to supply computer hardware and related services under the National Rural Health Mission in 2009. The chargesheet has been filed in a special court in Ghaziabad, the […]
Wipro will cut one third of its employee base. Tata Consultancy Services to apparently let go off 25,000 senior employees (according to Business Standard). Infosys is in the middle of a transformation aimed at limiting the number of employees and increasing the use of automation. Is the golden age of Indian Information Technology over? More […]
Like the Intel Nuc mini formfactor, but don’t want to buy something underpowered? Take a look at the Asus VivoMini UN62 mini-PC launched today. Despite sticking to similar small footprint, the VivoMini UN62 mini-PC offers the power of a larger desktop CPU and comes with a Core i5 4210 processor. While not exactly the biggest […]
In an especially strong attack against perceived threats to its Internet-based business, the Times of India group has sought regulatory intervention to ensure what is popularly called Net Neutrality, or the concept that internet service providers must charge only from the end consumer. In other words, the Times of India group wants TRAI to ensure […]
The millions of engineers who pass out from Indian colleges every year looking for IT jobs will have to either learn specialised skills, or look for other sectors, a new report said. The report said recruitment by IT companies in India will halve over the next four years. “Incremental recruitment by the information technology (IT) […]
Over five lakh jobs in cyber security are opening up while there are hardly 2,000 trained for this job, said leading business chamber ASSOCHAM at a workshop on “Cyber and Network security” organized here at New Delhi. Dilip Chenoy MD and CEO, National Skill Development Corporation said this was an underestimate. ”With some 44 million […]
The HTC Desire 820, to be launched in India on Tuesday, will be priced at around Rs 20,000-22,000, and will be India’s first 64-bit Android phone. It will also be one of the cheapest LTE phones in the market till date. The phone, which will NOT be available in stores immediately after its launch on […]
Hiring levels continued to be robust in India, according to the Monster Employment Index for August. The index, which compares hiring in a particular month against a base month, saw hiring activity hold firm in line with the trend seen since February. Hiring activity, as measured by the index, has remained at the 150-154 range […]
A prominent Bangalore-based e-retailer is planning to launch one of the most powerful mini PCs in the world, the Gigabyte Brix GB-BXi7-4770R, along with Zotac Zbox CI540. The Gigabyte Brix model is likely to be launched in the coming days, while the date for the launch of Zotac Zbox has not been firmed up, according […]
Cyient Ltd, formerly known as Infotech Enterprises, said has agreed to a majority stake in Invati Insights Private Limited (Invati), a start-up data sciences company. The new entity is proposed to be renamed Cyient Insights to better reflect brand and market aspirations, the Mumbai-based company said. Invati will strengthen Cyient’s data analytics capabilities and offerings […]
Mphasis Ltd reported a growth of 2% in its organic revenue for the first quarter, net of rupee appreciation. However, total revenue fell 3.5% quarter on quarter to Rs 1,490 crore; Net of rupee appreciation, the decline is 2.6%. Gross margins fell 40 bps to 26.2% over the two months period ended 31st March 2014. […]
Pune-based Persistent Systems reported a decline in its revenue from IT infrastructure segment, but managed to report a flat quarter on quarter revenue growth due to some pick up in its Telecom revenue. Persistent also reported a decline in its margins, led by higher salary expenses in the June quarter. Employee costs rose 1.5% on […]
Hexaware Technologies, a provider of IT, BPO and Consulting services, has changed its CEO after failing repeatedly to meet shareholder expectations. The company, which has seen poor performance over the last year despite an improving demand climate in the US, has replaced its CEO of six years, P R Chandrasekar with R Srikrishna, who was […]
This year’s Monster Salary Index India IT Sector Report has revealed that there is a gap of around 29 per cent between the average pay drawn by a male IT worker and a female IT worker in India. As per the Monster Salary Index, the male IT worker receives gross salary of ₹ 359.25 per […]
The central government has admitted that it is not able to block all sites with “sensitive” content, especially when they are delivered using HTTPS encryption technology. HTTPS technology is used for banking, and other highly secure transactions like password authentication. Google started encrypting most of its data using HTTPS technology recently after it was revealed […]
It often happens that when a company is investing heavily into a strategic, next-generation project, its margins take a hit and the stock goes down. The reaction to attributed to investors’ inability to full understand a company’s business and priorities. But sometimes, it way work the other way too. The stock of Infosys actually went […]
Tata Consultancy Services Ltd, which has been disappointing analysts for the last three quarters with sequential growth of 2.0-2.5%, is likely to see a break-out in its upcoming results with a 5.1% jump in revenue, Kotak Institutional Equities said. It also projected a 2.3% jump for Infosys, which had seen its revenue fall by 0.4% […]
Nasscom, which speaks on behalf of India’s outsourcing and IT industry, has asked the Narendra Modi government to remove unnecessary legal hurdles in the path of technology companies, and also set up a fund to promote innovation and entrepreneurship. “It is recommended to launch an India Technology Entrepreneurship Mission (ITEM) to provide a supportive framework […]
Infosys announced the appointment of Vishal Sikka as the new Chief Executive Officer and Managing Director of the company. Sikka will be inducted as a whole-time director of the Board and CEO & MD (Designate) on June 14, 2014. He will take over as CEO and MD from Mr. S. D. Shibulal on August 1, […]
