With his elevation as the CEO of Twitter, Parag Agrawal, in whom co-founder of the microblogging giant Jack Dorsey has "bone-deep" trust, joins the growing power club of Indian-origin executives helming US-based global multinationals. Twitter's outgoing CEO Dorsey announced on Monday that 37-year old Agrawal, an Indian Institute of Technology, Bombay and Stanford University alumnus, will be the company's new chief executive as he stepped down after 16 years at the company that he co-founded and helmed. A report in The New York Times said Agrawal will receive an annual salary of $1 million, in addition to bonuses, restricted stock units and performance-based stock units.
As Lenovo gears up for consolidation after completing the acquisition of IBM's personal computer business, it is planning to use the products it was originally selling in China to bridge the gap in the range of IBM offerings in the Indian market.
Accenture -- considered as one of the top-most employers in India among the global technology services companies -- is believed to have over 150,000 workers in India, next to IBM.
To begin with, there would be the immediate integration of various technology stacks. This would create more business for global consulting and IT services entities such as KPMG, PwC, EY, Accenture and IBM, among others. Indian service providers - Infosys, Tata Consultancy Services (TCS), and Wipro, for instance - would also cash in.
The world's biggest computer-services company has thus launched Smarter City Solutions -- a new solution designed to help cities of all sizes gain a holistic view of information across city departments and agencies.
Nasscom recently released its ranking of the top 20 IT-BPO organisations in the country that accounted for over 40 percent of the total employees in this sector.
The sector will see a minimum of 3-5 per cent of the weight being shed in almost every IT company - particularly the big 20 - because of Covid and not performance-related issues.
C Vijayakumar, the reticent chief executive of HCL Technologies, India's third-largest IT services firm, was recently appointed managing director, succeeding the founder, Shiv Nadar. Back in October 2016, when CVK, as he is popularly called within and outside of HCL, was named CEO, it had been somewhat of a surprise - his elevation being the result of his predecessor, Anant Gupta, suddenly stepping down to "pursue personal interests". CVK, 53, has since taken the firm from under $7 billion to over $10 billion in revenue.
Google is the most attracitve employer in India followed by Sony
With innovative digital technology and powerful solutions, IBM is also ensuring that food is traced properly as it passes though an increasingly complex global supply chain.
Lenovo announced on Thursday the launch of its first innovation centre in India in partnership with global giants like Intel, Microsoft, IBM and Cisco, which would focus on the development of new PC solutions.
As third anniversary of 26/11 draws near, a new homeland security project gets underway.
Many businesses hire blockchain developers to provide the finest solutions and establish new technologies by utilising their superior expertise.
The Dataquest-IDC best employer top 20 list is made up of a mix of firms Indian IT firms and the India development centres of software multinationals.
Genpact has become the leading ITeS-BPO company with 19,700 employees, according to the just-released Nasscom and Dun & Bradstreet
IMD has decided to increasingly use cutting-edge technology such as artificial intelligence (AI) and machine learning (ML) in forecasting, both to avoid such glitches and to counter the disruption of normal seasonal patterns as a result of climate change. It has formed various internal sub-groups of senior officials and meteorologists to decide on how best to use AI and ML in predicting cyclone intensity, and in making short-range weather forecasts (those valid for up to three hours) as well as long-range forecasts.
Most large American companies earn more than 50 per cent of their revenue from markets outside the US and will be affected by the proposed tax reforms. Business groups in the US had assailed the proposal, arguing it would subject them to far higher taxes than their foreign competitors must pay and ultimately endanger US jobs. Global companies that earn profits in India are subject to a tax rate of 33.9 per cent and the impact of the proposed reforms on them would be marginal.
IT services firms would no longer focus on large volume hiring from campuses like they did at least two to three years ago, as demands of clients are changing.
An initiative to fund the education of bright Indian youngsters undertaken by two Indian-Americans has now acquired a momentum of its own, discovers Anjuli Bhargava.
One should appreciate the sagacity and audacity of JRD and Nani Palkhivala in founding TCS on April 1, 1968. At that time there was no Microsoft or Intel, SAP or Accenture, much less Google.
They needed a person who could build and execute their vision: A frontiersman; a problem solver and an institution builder. It was their and India's good fortune that Faqir Chand Kohli more than measured up to their requirements and indeed laid the foundation to take TCS to unimaginable heights and to the giant success that it is today. Shivanand Kanavi salutes the incomparable F C Kohli, who passed into the ages last week.
The company is the third largest employer among foreign IT companies in the country, after Accenture and IBM
National artificial intelligence unit stuck for lack of anchor department
There's no place like home, but even for the affluent buying one in India is difficult. On top of that, the coronavirus pandemic-now in its eighteenth month-has made life uncertain. A hopeful thing is buying a house looks alluring as loan interest rates fall below 7 per cent, their multi-decadal lows. The slow decline in GDP growth after demonetisation, followed by the economic shock caused by Covid-19 waves, has hurt us unevenly.
The company has also turned its attention to new markets such as Australia, China, Japan, West Asia, Canada, South America and Latin America.
Bharati Vidyapeeth University, Pune announces the All-India Entrance Test for admissions to MBA and MCA courses for 2008-09.
Advantages are not being leveraged fully mainly because of lack of funds, say experts.
The footprints of Indian-origin corporate executives at multinationals is expanding, with Sandeep Kataria taking over the reins of footwear major Bata as its global chief executive officer. From FMCG majors to IT titans, Kataria joins the league of Indian-origin executives who have climbed the highest echelons of corporate across diverse sectors globally. From Nooyi to Pichai to Nadella, the list of such people at the helm of multi-billion dollar enterprises is long.
Asia-Pacific has been the only region to show growth in the business process outsourcing (BPO) market in the first half of 2007.
The British mobile phone operator was widely expected to go for an international arbitration after its talks with the Indian government failed to find a solution last year.
Both Indian and MNC IT majors are hiring big time, expressing their confidence in the Indian economy and outsourcing/offshoring growth story.
With the world getting more and more instrumented with smart devices, global enterprises are increasingly looking at undertaking a 'digital transformation' journey to stay ahead in the race. Emerging technologies such as social, mobility, analytics and cloud have given birth to new business opportunities and forcing enterprises to finetune their IT buying decisions -- quite differently from what they used to do.
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