Union Minister of Commerce and Textiles Piyush Goyal has stirred up a hornet's nest by taking on India Inc, specifically the Tata group, which is among the companies that lobbied against the Modi government's pro-consumer draft e-commerce policies. While Goyal's comments, made at a Confederation of Indian Industry (CII) event, were streamed live on YouTube, the industry lobbying body later edited the video and subsequently withdrew the entire speech. Goyal had said the Tata group and other Indian companies often lobbied for their interest, while ignoring national interest.
"The strategic divestment transaction of Air India successfully concluded today with transfer of 100 per cent shares of Air India to M/s Talace Pvt Ltd along with management control," DIPAM secretary Tuhin Kanta Pandey said in a tweet. A new board, led by the strategic partner, takes charge of Air India, he added.
Qatar's Doha Bank has said it is keen to engage Indian IT major Wipro to provide software solutions to improve its e-commerce and Small and Medium Enterprises (SME) systems, among others.
Domino's India data that included sensitive customer information such as their names, phone numbers, and credit card details has allegedly been breached and put on sale on the dark web. According to tweets by Israel-based Co-Founder and Chief Technology Officer of cybercrime intelligence firm Hudson Rock, Alon Gal, the data is worth 13 terabytes (TB). He tweeted on Sunday that the data includes as many as 180 million order details, including 1 million credit card details. The data, said Gal, was up for sale on the dark web. The threat actor, he said, was asking for $550,000 for the data.
IT stocks continued their upward sojourn on Thursday from Wednesdays upbeat run after global markets set a strong precedent.
As organisations tighten their belts during the current financial crisis, ransomware attacks could cause fragile companies to succumb to criminals who request massive pay-offs to avoid devastating consequences.
Honed and utilised in-house for over three years, the engineering major's new arm - L&T-Nxt - will focus on AI, IoT, vitual reality and cyber security among other fields of digitisation.
He may make a comeback as co-chairman at India's second largest software exporter.
IT major Infosys CEO and MD Kris Gopalakrishnan on Thursday expressed hope that the government would rationalise tax regime for the IT industry and extend the STP scheme to the medium and small sector in the Union Budget.
Google's Chrome OS will soon challenge the software giant's stranglehold in the operating system market.
While you cannot avoid the delay in payments from your customers, you must come up with new ideas on building your internal cashflow system to ensure that the cash crunch within the organisation is minimal, suggests Naval Goel.
It is betting on enterprise services and new launches to revive demand. But are the measures enough to steal a march on established players like Samsung and Micromax?
Microsoft's 'Online Services' in India will allow small and medium businesses and enterprise customers to access e-mail and conferencing solutions through Internet, for as low as $2 per user a month.
Pricing almost the same as Vista; cheaper for some editions.
India's third-largest IT services firm, Wipro Ltd, has acquired the enterprise mobile TV unit owned by Finland-based leading mobile phone manufacturer Nokia for an undisclosed sum.
The purchase or construction of houses by large numbers of people can add meaningfully to India's economic growth, points out Neelkanth Mishra.
Microsoft has spent close to $4.5 bn in setting up 19 data centres.
Across the country, companies have stepped up their act to contain the crisis. IT and other new economy firms seem to have taken a lead.
Siddhartha's knack for value investment dates back to 1995 when he infused capital in Kshema Technologies, which was acquired by MphasiS. He also took an early exposure in Mindtree way back in 1999. Since 1995, he had invested in more than 15 technology companies including chip-designing firm Ittiam Software, and GlobalEdge Technologies, among others, says Debasis Mohapatra.
Two aborted missions, three different ministers, multiple rule changes and two decades later, Indian taxpayers will no longer have to pay Rs 20 crore per day to keep the loss-making Air India flying. While opposition Congress expectedly attacked the decision as selling the family silver, DIPAM secretary Tuhin Kanta Pandey said what Tata is getting is not a cash cow but an airline which is bleeding where money needs to be pumped in to refurbish obsolete aircraft and dust up strangled ones while being unable to touch any employee for one year and only be able to resize staff after paying a VRS. "It won't be a very easy task there. Only advantage is they (new Air India owner) are paying the price which they think they can manage. "They are not taking the excessive debt accumulated to fund years of losses. We are continuing it as an ongoing concern.... This process has also saved huge amount of taxpayers money going forward," Pandey told PTI.
Perceived till recently as low-budget and low-margin, the domestic market now means big business to Indian IT majors.
This makes it the most valued fintech company in the country after Paytm and Walmart-owned PhonePe.
Fresher hiring is expected to more than double compared to last year.
With Infosys reportedly increasing the pay packages of senior executives, including executive vice-presidents and a few vice-presidents, threefold, the Indian information technology (IT) services space might well get a new benchmark.
Meet Pankaj Goel, who launched a software company with three other friends in a Noida garage. Today, their venture is worth $1 million.
With over 1.7 million vacant cloud computing jobs, the future is bright for candidates with the right skills and experience, says Bhavesh Goswami, founder and CEO, CloudThat Technologies.
Take a look at the 10 biggest IT deals ever.
Rohit Gawli, who co-founded The Lokal Kitchen in the lockdown, shares some interesting career lessons.
Oracle has announced the availability of a hosted Enterprise Resource Planning solution for small and medium enterptises in India through its certified partner, Zensar.
There were fewer Series-B deals this year versus last, but more money was raised
To strengthen its enterprise offerings in the analytics and business rules management space, Chennai-based California Software will acquire a 100 per cent stake in US-based technology consulting firm International Innovations.
To prevent data breaches, security companies are trying forgoing firewalls and embedding security into information itself.
US-based Avocent Corporation, supplier of connectivity solutions for enterprise data centres, service providers and financial institutions, said on Monday it plans to expand operations in India and is mulling a software development unit.
Dell, which once led the world in computer sales and was held up as a model of production-chain innovation, is increasingly resorting to price cuts to soothe customers nervous about its future and to spearhead a late foray into the enterprise computing market.
India is of major strategic importance to SAP as it is a vibrant market with a sound technology development and services-support delivery. This visit is also to reaffirm their commitment to the Indian sub-continent, a company official said.
DocuShare makes it easy for corporates to share ad hoc information more efficiently and allows organisations to do away with the time, labour, and cost of maintaining paper files.
Rolta India Ltd on Friday announced the acquisition of Canada-based software and integration company Orion Technology Inc for an disclosed amount.
'You can't take jobs to people, you have to take people to jobs.'
Did you know that India is among the top five countries in food processing?
The assignment was earlier given to global audit firm EY. But it has now been reassigned owing to 'certain conflict of interest', the Bengaluru-based company said.
