Founder Chairman of Infosys N R Narayana Murthy today expressed sadness over the IT companies laying off their employees as part of their cost cutting strategy. “…It is sad…,” Murthy told in an email reply to a Pixr8 query about recent IT layoffs. Murthy, however, did not elaborate on the matter. Infosys had announced that […]
Tata Consultancy Services (TCS) recruited over 11,500 people outside India during 2016-17, including graduates from engineering and B-schools in the US, as it ramps up local hiring in offshore markets to tackle visa-related challenges. The country’s largest software services firm added 79,000 employees (gross) and 33,380 employees (net), taking its employee base to 3.87 lakh […]
Absentia, a bengaluru based virtual reality startup raised Rs 8 crore in a pre-series-A round. Investors like Exfinity Venture Partners, former Infosys executives V Balakrishnan and Mohandas Pai, Deepak Ghaisas and Girish Paranjpe participated in the round of funding. The company will use this fund to build Norah AI, an artificial intelligence engine that can […]
To transform India’s economy, there is a need to reduce “friction” in businesses and create an “environment” wherein the government has more trust in its entrepreneurs, Infosys founder N R Narayana Murthy has said. For the transformation of the Indian economy, he said it is essential for the younger generation to be daring and that […]
Securing series C and beyond funding is a challenge for start-ups, Information Technology veteran Kris Gopalakrishnan said as he called for a simple, orderly and fast-track mechanism to shut failed businesses. The start-ups scenario in India is pretty good but when those firms go for series C and beyond funding, there are some challenges, the […]
Backing Infosys co-founder N R Narayana Murthy’s view on pay hike to COO U B Pravin Rao being “not proper,” company’s ex-director T V Mohandas Pai today said the salary in this case is “spectacular” but performance is not. Alleging that Infosys’ board was “misguided”, Pai said the “”fundamental problem” was the pay hike given […]
Automation and the new US administration were the big unknowns at the Indian tech sector’s annual shindig this week, with machines threatening to take away thousands of jobs and concerns over possible visa rule changes in the key American market. But senior executives from the USD 150 billion industry, which rose to prominence at the […]
Infosys Chief Executive Vishal Sikka said talk in media on corporate governance issues at the software services firm was “distracting” and that he had good relations with the firm’s founders, including N.R. Narayana Murthy. India’s second biggest IT services company, based in the tech hub of Bengaluru, has recently been in an escalating public spat […]
Moving the head of Tata Consultancy Services to the top job at Tata Sons’ holding company fills a critical hole for the salt-to-software conglomerate, but it leaves another at its most valuable company ahead of a complex and unpredictable 2017. The promotion of Tata veteran Natarajan Chandrasekaran – the well-regarded, high-performing boss of TCS under […]
Abey Saale is how Googles tactful and tactical chief executive Sundar Pichai had yelled out to a friend across the mess at his alma mater, IIT- Kharagpur more than two-and-half-decades back thinking its a way of greeting people. Chennai-born Pichai, who returned to his alma mater after 23 years, said his comment led to “temporarily” […]
Hubli-based Aissel Technologies Pvt. Ltd. has been chosen as a winner in Startup Karnataka Top Tech 25 Awards 2016. At the BengaluruITE.Biz event on 30th November, the award was presented to Aissel by IT Minister Priyank Kharge, former Infosys CEO Kris Gopalkrishnan, Principal Secretary of ITBT V. Manjula and Director of ITBT Tanushree Dev. Co […]
TeamIndus has inked a commercial launch contract with the Indian Space Research Organisation (ISRO) for its mission to land a spacecraft on the moon as it attempts to win the USD 25 million Google Lunar XPRIZE. TeamIndus is the only Indian team competing for the Google Lunar XPRIZE that requires privately funded teams to land […]