A 15 per cent corporate tax rate for services companies in SEZs, setting up a fund for deep-tech startups and establishing clusters to demonstrate design-to-manufacturing capabilities of tech firms were some of the key demands made by the IT sector at the pre-Budget consultation on Monday. The participants shared their views and suggestions regarding Big Data, incentives for encouraging setting up of data centres, fiscal incentives for data localisation, incentives for pushing digital penetration in rural areas, and corporate guarantee to startups for competing with other nations.
Things went from bad to worse since December 2008 for people who purchased bungalows, villas and apartments at Maytas Hill County, promoted by Maytas Properties Limited (MPL) -- the company run by B Rama Raju (Jr), the younger son of Satyam Computer Services founder and former chairman B Ramalinga Raju.
Among the 36 new faces in Prime Minister Narendra Modi's council of ministers, eight are lawyers, four are doctors, two former IAS officers and four MBA degree holders, besides several engineers, making it an eclectic mix of professionals.
The infra-major going belly up cracked open some major flaws in the system - the most evident being weak corporate governance and how layers of corporate structures could be formed adding to the opaqueness of the group.
Raghu Ramakrishnan, a vice president at Yahoo!, has been awarded the 2008 Innovation Award by the Association for Computing Machinery Special Interest Group on Knowledge Discovery and Data Mining for his significant technical achievements in the field.
Industry analysts welcome the idea but say Nadella has to change the company's business model to succeed.
Analysts see HCL's Rs 1,780 crore deal with Reader's Digest and another half-a-dozen big deals signed in the past three months by Indian IT firms, encompassing both global and domestic markets, as evidence that the outsourcing story continues to progress as the best option for companies to cut costs in the current difficult economic environment.
As part of the engagement, HCL Technologies would provide application development and infrastructure support across the application stack of Oracle, open technologies, main frame, infrastructure support for network, security, storage, end user computing and data centres, HCL said in a statement.
'One of his favourite slogans was, "Show, don't tell".' 'His entire life is a metaphor for that belief.' Kiran Khalap, MD and co-founder, chlorophyll, salutes a mentor and legend.
Newer asset classes such as data centres and rental housing gained prominence among investors.
Whether he succeeds in becoming chief minister again or not, Akhilesh is finally out of the shadow cast by his family, but without losing a sense of balance.
In order to determine whether this would be sound strategy for them, one needs to look at two issues: One, on the alliances being built globally between telcos, on one hand, and cloud service firms, on the other, especially with the advent of 5G; and two, how their business strategies in India will blend into with such a deal.
'Above 2,000 metres the gradient of the Himalayas is very steep and if you build any infrastructure (roads, dams, hydro power projects) in these regions, it will not be able to sustain these events (the onslaught of debris that comes down with great speeds).'
Skylark Drones, a leading drone platform company that counts Tata Steel, Ultratech Cement, Softbank Energy among its customers has secured $3 million in a pre-series A funding round. It would use the funding to strengthen its product offerings and fuel international expansion.
Satyam founder Ramalinga Raju admitted to a Rs 7,800-crore (Rs 78-billion) fraud in the IT company on January 7, weeks after a bid to acquire the two Maytas firms failed. Raju said that he had been cooking the books for years and the Maytas acquisition bid was an attempt to fill fictitious assets with real ones.
In India, the company serves customers such as stock exchanges, brokers, non-banking financial companies, financial services and insurance, IT and IT-enabled services.
There will be a huge market for healthcare professionals, data and security experts and digital marketers, says Navneet Singh, founder, Avsar HR Services.
The companies will design, build and manage IT infrastructure in a deal estimated at 350 million pounds.
In 2012, the most significant of the cyber espionage incidents were related to the activity of Madi, Gauss and Flame malware.
With automation taking place at a much faster pace across industries especially in the tech space, domestic software firms that employee over 16 million are set to slash headcounts by a massive 3 million by 2022, which will help them save a whopping $100 billion mostly in salaries annually, says a report. The domestic IT sector employs around 16 million, of them around 9 million are employed in low-skilled services and BPO roles, according to Nasscom. Of these 9 million low-skilled services and BPO roles, 30 per cent or around 3 million will be lost by 2022, principally driven by the impact of robot process automation or RPA. Roughly 0.7 million roles are expected to be replaced by RPA alone and the rest due to other technological upgrades and upskilling by the domestic IT players, while it the RPA will have the worst impact in the US with a loss of almost 1 million jobs, according to a Bank of America report on Wednesday.
MindSquare Technologies is a group company of 1neoteric Technology.
The US accounted for the biggest share of all malicious activity (30 per cent), while Israel had highest malicious activity per internet user. China, accounting had the highest number of Bot-infected computers.
Megha Rajagopalan's Xinjiang series won the Pulitzer Prize in the International Reporting category.
The study suggests that climate change is contributing to such events happening more frequently, and highlights risks of increasing development projects in fragile environments.
There are also over 10 million voters in the 18-29 age bracket. Winning them over could be Nitish Kumar's biggest challenge, reports Aditi Phadnis.
The government websites host information for public dissemination.
Members of IEEE, the world's leading professional organisation have selected autonomous vehicles as the most promising form of intelligent transportation, anticipating that they will account for up to 75 per cent of cars on the road by the year 2040.
Brand Finance assesses the dollar value of the reputation, image and intellectual property of the world's leading companies.
An increasing number of SMEs are planning to recruit more staff, invest in new facilities, push advertising/promotional campaigns and build their IT infrastructure.
Four leading IT companies - Zenith Computers, Microsoft Corporation India, Intel Corporation and Samsung India Electronics - have jointly launched 'Multiply', a solution for the Small and Medium Enterprise market.
The combination will enable enterprises to move to a 100 per cent virtualised environment with management, orchestration and hypervisor integration, Infosys said.
Global companies, e-commerce platforms and software product firms all want skilled digital workers.
Amid oxygen shortage and a faltering health system in the country, India is seeing over 300,000 cases daily.
Satyam Computer Services has signed a memorandum of understanding with Maharashtra Airport Development Company to acquire 100 acres in the Nagpur special economic zone.
Over 5 million alumni from the Indian Institutes of Technology, Mumbai University and Institute of Chemical Technology, Mumbai, plan to raise Rs 21,000 crore to start the world's largest infection testing lab in Mumbai.
If the documents released by international hackers' group are to be believed, the Italian cyber police -- National Anti-Crime Computer Centre for Critical Infrastructure Protection (CNAIPIC) -- was widely hacking Indian embassy's letters with Russian defence firms, the Izvestia daily said.
Stock to watch: Shipping Corporation and Great Eastern Shipping
Traditionally, financial institutions have operated risk functions in silos. However, the nature of unknown threats today requires industry participants to work together, says Vikram Limaye.
Pichai said a whole new generation of technologies are happening in India first, and that people in the country no longer have to wait for technology to come to them. Investments, he said, will focus on four areas key to India's digitisation, including enabling affordable access and information for every Indian in their own language, be it Hindi, Tamil, Punjabi or any other.
