Flipkart, the e-commerce company owned by Walmart, is intensifying its efforts to achieve profitability as it is eyeing a valuation of approximately $60 billion at the time of its initial public offering (IPO), now planned in 2025-2026, instead of this year, according to people familiar with the matter. The firm might consider listing in the US or any other geography, including India. The company, which counts the likes of Amazon and Reliance's JioMart among its competitors in India's burgeoning e-commerce market, had also contemplated launching an IPO in 2022-2023.
Prime Minister Narendra Modi said on Friday that the combination of technology and talent will be a guarantee for a bright future for the world.
Moitra brought two birthday caps in the House to press her argument that the businessman being most talked about had "topi-pehnau-ed" the government.
'You have to have commitment to both, but it has to be done at the individual level.'
'We have close to 30 per cent share of the Indian public cloud market'
Microsoft co-founder Bill Gates on Tuesday met Reserve Bank of India Governor Shaktikanta Das and discussed various issues including financial inclusion, payment systems, microfinance and digital lending among others. "Mr.@BillGates visited RBI Mumbai today and held wide ranging discussions with Governor @DasShaktikanta #RBI #rbitoday #rbigovernor #shaktikantadas #BillGates," RBI said in a tweet. Gates Foundation pursues a lot of activity in India including promotion of financial inclusion, health sector and climate change.
Those on H-1B visas have to find a new job within 60 days or head back to India.
Microsoft boss Bill Gates has a rare gift: he is super smart from, both, the technology and the business perspectives, says S Somasager, corporate VP, Microsoft Corp.
The Micosoft CEO is scheduled to have a breakfast meeting with Andhra Pradesh Chief Minister.
BSNL would shortly sign memoranda of understanding with Korea Telecom and Microsoft for rolling out broadband services under the National Internet Backbone phase two project in the country, its chairman and managing director V P Sinha said.
Cloud computing facilitates sharing of technological resources, software and digital information.
Flipkart eyes another $500 mn from eBay, which seeks to merge India ops with it and exit business
To address more than a $1-billion opportunity, IT hardware vendor HCL Infosystems has tied up with Microsoft for bundling their products and offer complete integrated solutions for small and medium businesses.
Reliance Jio has sent a second legal opinion to the Telecom Regulatory Authority of India (Trai) on the subject of the potential allocation of satellite spectrum. The letter is written by retired Supreme Court Justice L Nageshwara Rao and argues in favour of auctions, stating that any other method for allocating spectrum apart from auctions could be constitutionally unsound. Business Standard has reviewed the letter.
Come January, Microsoft Corporation will launch the Surface Pro 4, its latest mobile computing device, in the country.
Technology giant Microsoft is in talks with TikTok's parent company ByteDance to buy its US operation.
Microsoft, Sony and Nintendo bring new consoles and games, the PC and console market in India, estimated to be $20 million.
Pricing almost the same as Vista; cheaper for some editions.
Cognizant Technology Solutions is infusing generative artificial intelligence (GenAI) into all its core offerings, chief executive Ravi Kumar S wrote in an internal note to its employees. Cognizant has 351,500 employees, a majority of whom are in India. Kumar cited the example of a GenAI-enabled conversational virtual assistant (VA) that Cognizant has introduced to help clients reimagine experiences beyond chatbots.
Google CEO Sundar Pichai and his Microsoft counterpart Satya Nadella have assured help to India as the country grapples with a ravaging coronavirus crisis that has put enormous pressure on its hospitals due to a shortage of beds, oxygen and medical supplies.
Mark Zuckerberg, founder and CEO of Meta, summed it up well as he explained the reason for the company sacking 13 per cent of its employees. He said no one predicted that the boom for digital services during the Covid pandemic would die out. "Many people predicted this would be a permanent acceleration that would continue even after the pandemic ended.
A start-up gets the Microsoft suite of tools and technologies free for three years, as well as access to funding of up to Rs 25 crore by IDG Ventures, officials of two entities said. The programme is open to technology companies that are less than three years old with annual revenues that are less than Rs 5 crore.
As India builds its data centre capabilities, it is imperative that it is supported by green energy. This is because data centres are guzzlers of energy.
Modi was addressing the State Dinner hosted in his honour by US President Joe Biden and First Lady Jill Biden at the North Lawn of the White House.
With Western corporations, including Microsoft, AWS and Oracle, shutting down their operations in Russia, the rest of the world has become acutely aware of its dependence on a clutch of technology service providers.
Kwatra briefed reporters on the outcomes of the second day of Modi's visit that began in Washington, DC with a grand ceremonial welcome on the South Lawn of the White House.
'Students of Tier-II and Tier III engineering colleges in the south may find 2023 to be one of the toughest years for getting jobs.'
The device is a tablet that can transform into a full-fledged laptop with the blink of an eye.
Schmidt had a closed-door meeting with four start-ups in Bangalore.
Nearly 45 per cent of this value is likely to be delivered by 3 sectors - consumer goods and retail, agriculture and banking and insurance, the Nasscom report said.
What some of our leaders were up to on Wednesday, January 4, 2023.
'It has taken us 15 years to get to where we are. It obviously doesn't happen overnight.'
Prime Minister Modi's remarks on Thursday came during his address to a joint session of the US Congress. He attributed a big part of the success of India-US ties to Indian-Americans.
Alphabet, the parent company of Google, is likely to join the list of Big Tech companies going for large-scale layoffs. With this, almost the entire universe of FAANG - acronym for Facebook, Amazon, Apple, Netflix and Google - has now come under the layoff turbulence hitting tens of thousands of tech jobs around the world. Reports surfaced on Tuesday about the Mountain View (California)-headquartered tech giant planning to fire around 10,000 employees.
'Any entrepreneur who wants to create companies on blockchain will have to move outside India.' 'A ban will also wipe out the entire asset investing class that has built up in India.'
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