Thursday, November 28

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Infosys to roll out incentive scheme for staff with digital skills
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Infosys to roll out incentive scheme for staff with digital skills

NEW DELHI: Infosys will roll out an incentive scheme this year for employees equipped with digital skills and will aggressively re-deploy staff on projects offering opportunities to work on new technologies as it looks to stem rising attrition in the face of stricter visa rules, a top executive has said. Infosys COO Pravin Rao, during a recent investor call, said Infosys' localization efforts have helped its business become "much more resilient and less susceptible to the visa regime than in the past". "This is an effort we need to continue till we get to the 50 per cent mark," he added. In January, Infosys had said it has already hired over 7,600 staff in the US - more than three-fourths of its target of recruiting 10,000 American workers. It had also spoken about making rec...
OYO collaborated with Spanish firm Hotelbeds
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OYO collaborated with Spanish firm Hotelbeds

New Delhi: SoftBank-backed OYO Hotels & Homes said it has partnered Spanish firm Hotelbeds that will provide the Indian company with access to more than 60,000 travel buying intermediaries around the world. "Hotelbeds distribution channel of B2B travel buyers helps us access new customer segments and geographies. The bedbank company's cost-efficient distribution channel makes them an ideal partner to achieve our goal," OYO Hotels & Homes Chief Strategy Officer Maninder Gulati said. The preferred agreement represents OYO's first-ever distribution partnership with a bedbank, OYO said in a statement. No financial details of the partnership were disclosed. Bedbank is an organisation that negotiates special rates with accommodation providers and acts as a wholesaler. "The...
Facebook spends $22.6 million on Mark Zuckerberg’s security
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Facebook spends $22.6 million on Mark Zuckerberg’s security

Facebook Inc in a regulatory filing revealed that it spent $22.6 million on Chief Executive Officer Mark Zuckerberg's security in 2018. Nearly $20 million went toward security for Zuckerberg and his family, up from about $9 million the year prior. Zuckerberg also received $2.6 million for personal use of private jets, which the company said was part of his overall security program. Zuckerberg has drawn a base salary of $1 for the past three years, and his "other" compensation was listed at $22.6 million, most of which was for his personal security. Chief Operating Officer Sheryl Sandberg took home $23.7 million in 2018 compared to $25.2 million last year. Facebook has in the past few years faced public outcry over its role in Russia's alleged influence on the 2016 U.S. presid...
Zoho Subscriber Grows 45 Million and announced a New Campus in Austin
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Zoho Subscriber Grows 45 Million and announced a New Campus in Austin

Zoho announced that its user base grows more than 45 million users across 180 countries, at a revenue growth rate of 39 percent year-over-year. The company also announced plans for a new 375-acre campus in Austin, which entails aggressive hiring plans and the expansion of Zoho University, a Zoho-funded technology school for high school graduates based in India, to the United States. Founded in 1996, Zoho has grown along with the explosive adoption of cloud-based software by businesses of all sizes. From day one, the company has been methodical in its approach. Zoho is financially bootstrapped, and plans to remain that way. The company does not participate in merger and acquisition activities largely because of the negative impact on customers associated with these transactions. Its ...
MacKenzie Bezos surrender 75% Amazon couple shares
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MacKenzie Bezos surrender 75% Amazon couple shares

MacKenzie Bezos, ex-wife of Amazon founder Jeff Bezos, announced Thursday the couple had finalised their divorce, and that she would surrender 75 per cent of the couple's shares in the tech giant. Bezos also said she would surrender all of her stake in The Washington Post and the space exploration firm Blue Origin to her ex-husband, as well as voting control of her remaining Amazon shares. But Mackenzie will still retains 25% of Amazon stock which is equal to $35 billion dollars. MacKenzie Bezos will become Fourth-Richest Woman After Divorce. "Grateful to have finished the process of dissolving my marriage with Jeff with support from each other and everyone who reached out to us in kindness," MacKenzie Bezos wrote on Twitter. https://pixr8.com/news/amazon-ceo-jeff-bezos-and-wi...
Rajan Anandan Quit Google, Joined Sequoia Capital
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Rajan Anandan Quit Google, Joined Sequoia Capital

Google's Vice President for South East Asia and India, Rajan Anandan quits Google India to join Sequoia Capital India as a Managing Director. Serving at Google for 8 years, Rajan now move to Sequoia India where he will focus on developing "Surge" into the world's top scale-up programme for startups, said Shailendra J. Singh, Managing Director at Sequoia. Rajan will join the leadership team at the firm, in addition to the six current Managing Directors. Anandan will continue at Google till the end of April and Vikas Agnihotri, Country Director, Sales will take on the responsibility in the interim for Google India, the company said in a statement on Tuesday. After news break, Anandan tweets, 8 amazing years. 850million internet users across India and SEA. Many billions of r...
Kishore Biyani reappointed as Future Retail MD for 3 years
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Kishore Biyani reappointed as Future Retail MD for 3 years

NEW DELHI: Future Retail has reappointed Kishore Biyani as its managing director and Rakesh Biyani as its joint managing director for three years. The company's board in a meeting on Monday "considered and approved the re-appointment" for three years effective 2 May , Future Retail said in a BSE filing. However, this would be subject to the approval of the company's shareholders at the ensuing general meeting, it added. Future Retail is part of Future Group founded by Kishore Biyani, who is also the Group's chief executive officer. Rakesh Biyani, who has been associated with Future Group for over 23 years, leads the management in expansion of the Group's flagship formats such as Big Bazaar, Central and fbb.
Shopify and Mailchimp Partnership comes to an end
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Shopify and Mailchimp Partnership comes to an end

The leading newsletter sharing platform Mailchimp decided to end a partnership with Shopify due to Shopify's new policy of data sharing. In its statement Mailchimp said, "Yesterday, we asked Shopify to remove the Mailchimp for Shopify integration from their marketplace. We made this decision because Shopify released updated terms that would negatively impact our business and put our users at risk." The Atlanta based company said that the data-sharing provisions of the new terms are set to take effect on May 12, when the data sharing provisions of Shopify’s new terms take effect. According to the media reports, Shopify wants to control which providers their partners work with and how they conduct their business. The MailChimp integration will no longer available on Shopify ap...
Facebook glitch exposes 600 million users passwords to its 20,000 employees
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Facebook glitch exposes 600 million users passwords to its 20,000 employees

AFP: Facebook Inc said on Thursday it has resolved a glitch that exposed passwords of millions of users stored in readable format within its internal systems to its employees. The passwords were accessible to as many as 20,000 Facebook employees and dated back as early as 2012, cybersecurity blog KrebsOnSecurity, which first reported in the issue, said in its report. "These passwords were never visible to anyone outside of Facebook and we have found no evidence to date that anyone internally abused or improperly accessed them," the company said. A senior Facebook employee said, "an internal investigation by the company so far indicates that between 200 million to 600 million Facebook users may have had their account passwords stored in plain text." Facebook said the issue was d...
Walt Disney Acquire 21st Century Fox in $52.4 billion stock deal
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Walt Disney Acquire 21st Century Fox in $52.4 billion stock deal

BURBANK, Calif. & New York-- The Walt Disney Company to acquire 21st Century Fox, including the Twentieth Century Fox Film and Television studios, along with cable and international TV businesses, for approximately $52.4 billion in stock (subject to adjustment). Building on Disney’s commitment to deliver the highest quality branded entertainment, the acquisition of these complementary assets would allow Disney to create more appealing content, build more direct relationships with consumers around the world and deliver a more compelling entertainment experience to consumers wherever and however they choose. Immediately prior to the acquisition, 21st Century Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten N...
Facebook shares drop as Executives quit, Christchurch live-stream shooting stirs outrage
ACQUISITION, News

Facebook shares drop as Executives quit, Christchurch live-stream shooting stirs outrage

Shares of Facebook Inc fell as much as 5 percent on Friday to their lowest in nearly three months after the surprise departure of Chief Product Officer Chris Cox, at a time when the company is again being scrutinized over its handling of privacy, extremism and political content. Cox, a Wall Street favorite who has worked with Facebook founder Mark Zuckerberg for 13 years, led the social network’s business development team and helped define the business model of its messaging service WhatsApp. “We believe Cox played a critical role in establishing FB’s mission, values, and culture, and he was extremely well-regarded inside and outside the company, including by Wall Street,” JPMorgan analysts wrote in a research note. Also departing is WhatsApp Vice President Chris Dan...
EU to slap Google with fresh fine: Report
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EU to slap Google with fresh fine: Report

The EU's anti-trust regulator is to slap tech giant Google with a new fine over unfair competition practices, sources told AFP on March 15. Brussels has targeted the Silicon Valley firm's AdSense advertising service, saying it restricts some client websites from displaying ads from third parties. The decision in the long-running case, first reported by the Financial Times, is the latest anti-trust salvo against Google, which has already received nearly seven billion euros in EU fines. Two sources close to the matter said the verdict would land next week, most likely on Wednesday. "We are in the process of finalising the AdSense case," EU competition commissioner Margrethe Vestager said earlier this week. In July 2018, the US giant was ordered to pay a record 4.34 billion...