Upbeat on the rapidly evolving entrepreneurial environment in the country, Cisco has created a $40 million (over Rs 240 crore) fund, a first by the networking solutions giant in any of its present geographies.
The Nasdaq-listed information technology networking major Cisco Systems has appointed Rangnath Salgame as its president for operations in India and SAARC region.
Cisco Systems and Indian Computer Emergency Response Team on Tuesday signed a memorandum of understanding on IT security co-operation in the country.
Global data networking company, Cisco Systems on Wednesday hinted at setting up its manufacturing plant in India, which will include some of its mainline products like routers and switches.
With internet protocol migration, larger bandwidth and higher throughput, the new network will allow NSE to consolidate their technology infrastructure, thereby reducing IT costs and transaction cost for the end-investor.
In a move to make India one of its global strategic centres, US-based computer network equipment major Cisco Systems
Internet networking company Cisco Systems on Monday announced the expansion of its IP converged network to IIT Kharagpur.
Internet networking company Cisco Systems on Wednesday launched India's first wireless IP phone which enables users greater mobility and access in workplaces.
Cisco, which employs about 73,000 people worldwide, has warned against a 'challenging macro environment'
Tata group company Videsh Sanchar Nigam and global networking major Cisco Systems Inc on Tuesday signed a Rs 500 crore (Rs 5 billion) agreement to deploy broadband metro Ethernet solution, that will offer broadband services at less than Rs 1,000 per
Cisco and Satyam had entered into a joint venture in 2007 to focus on healthcare management solutions. As a part of this announcement, Cisco had also lined up an additional investment of $100 million, targeting innovation.
He will become executive chairman and continue to be chairman
The Cisco I-Prize aims to bring together global teams to develop technology business ideas using Cisco's collaboration technologies and to run those ideas through Cisco's process for identifying emerging technologies to take to market, Cisco Chairman and CEO John Chambers said.
The networking giant said the investment, which includes the opening new offices in Dubai and Abu Dhabi and sponsored research, will generate 650 new jobs by the end of 2010. Cisco also will spend $400 million in the area through its Cisco Systems Capital Corp, a financing subsidiary.
Cisco's current headcount in India is 7,000.
Cisco Systems is planning to shift 20 per cent of its senior management to the company's upcoming Globalisation Centre East in Bangalore.
Cisco, the global leader in networking for Internet, on Tuesday announced their strategy to tap into India's fast growing small and medium businesses in auto component manufacturing, retail, textile and garment sectors.
John T Chambers, chairman and CEO of Cisco, will visit India on December 6-7.
Cisco is a pioneer in routing and switching technologies, and continues to bank on innovative technologies to shape the future of Internet
Foxconn's business in India has grown to over $10 billion till 2024.
Networking solutions giant Cisco will lay off up to 6,000 employees globally, including India, after it reported a marginal decline in profits and revenues for the fourth quarter.
Cisco will be acquiring Norway-based video communications entity Tandberg in an all cash deal worth $3 billion.
Chambers said Internet will facilitate 3-5 times the economic impact at a much faster pace
"We have signed an MoU with Cisco to make an investment in GIFT and help us evolve our technology platform. The American giant is likely to invest over $2 billion in the project," a top government official of GIFT said. Cisco is also expected to pick up some stake in the project. However, the details are still being worked and it will take about three-four months to finalise the deal, the official added.
The company will invest additional $60 million in India.
Networking technologies major Cisco plans to slash 6,500 jobs, about 9 per cent of its global workforce, as part of an operational revamp to boost profitability.
Cisco employs over 10,000 people in India.
Cisco, a global major in networking for the Internet, is aggressively looking at the Indian automotive sector, as it opens up to exponential growth and challenges from global auto markets.
Global networking company Cisco on Tuesday said it will expand to 16 more cities in the country and launch a new programme for small and medium business (SMB) specific partners.
Signalling its increasing dependence on India for R&D requirements, Cisco, the global networking solutions provider, has set up a new business unit in Bangalore - the first by the company to be based outside the US.
Aiming at improving the quality of rural education, OneWorld South Asia, in collaboration with British Telecom and Cisco, has launched a pilot project in West Bengal last week for assisting rural teachers in addressing the needs of the children more effectively through information and communications technology tools. OneWorld South Asia is a non profit organisation that works for poverty alleviation and promoting sustainable development.
In an attempt to shed its image of being just a networking company, Cisco India will be launching a major brand repositioning campaign in India during the first quarter of 2008. It will include an outdoor, print and electronic media and web advertising campaign by OgilvyOne.
The latest research builds on findings released earlier this month, which highlighted the growing trend of mobile employees and the heightened risks for businesses as they connect to corporate networks and carry sensitive information outside office.
John Chambers said India may become top BRICS nation under Modi
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