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Infosys to Hire 10,000 American Workers Over the Next Two Years

2May By AnkitaNo Comments

News, USA

Infosys to Hire 10,000 American Workers Over the Next Two Years

Infosys, a global leader in consulting, technology and next-generation services, today announced that it plans to hire 10,000 American workers over the next two years. As part of this initiative, Infosys will open four new Technology and Innovation Hubs across the country focusing on cutting-edge technology areas, including artificial intelligence, machine learning, user experience, emerging digital technologies, cloud, and big data. These four hubs will not only have technology and innovation focus areas, but will closely serve clients in key industries such as financial services, manufacturing, healthcare, retail, energy and more. The first hub, which will open in Indiana in August 2017, is expected to create 2,000 jobs by 2021 for American workers and will help boost Indiana's eco...

San Francisco University Lays Off Its IT Workers, Outsourced Their Work To India

1Mar By reutersNo Comments

News, USA

San Francisco University Lays Off Its IT Workers, Outsourced Their Work To India

San Francisco: The University of California, San Francisco on Tuesday laid off 49 information technology (IT) employees and outsourced their work to a company based in India, ending a year-long process that has brought the public university under fire. The university announced the plan last July as a way to save $30 million over five years. The University of California system, which includes health care and research-focused UCSF, has been struggling to raise revenue and cut expenses. Globalization and outsourcing have become hot-button political issues in the United States, as more employers cut costs by farming out work to low-cost workers in far-flung parts of the world. President Donald Trump campaigned on promises to restore lost U.S. jobs and to penalize companies that move fact...

Uber CEO Quits Trump’s Business Advisory Group

4Feb By NitishNo Comments

News

Uber CEO Quits Trump’s Business Advisory Group

Uber Technologies Inc Chief Executive Officer Travis Kalanick quit President Donald Trump's business advisory group on Thursday amid mounting pressure from activists and employees who oppose the administration's immigration policies. Critics included Uber drivers, many of whom are immigrants themselves. "Joining the group was not meant to be an endorsement of the president or his agenda but unfortunately it has been misinterpreted to be exactly that," Kalanick, who had planned to attend a meeting of the group on Friday, said in an email to staff that was seen by Reuters. Uber spokeswoman Chelsea Kohler later confirmed that he had left the group. Social media campaigns had targeted Uber, urging users to delete accounts and opt for rival Lyft Inc. Uber has been emailing users who...

Mark Zuckerberg Criticises Donald Trump on Immigration Limit, Gave Example of His Wife

28Jan By NitishNo Comments

News

Mark Zuckerberg Criticises Donald Trump on Immigration Limit, Gave Example of His Wife

America is a nation of immigrants and should be proud of it, Facebook CEO Mark Zuckerberg said as he criticised President Donald Trump's decision to severely limit immigrants and refugees from certain Muslim-majority countries. "Like many of you, I'm concerned about the impact of the recent executive orders signed by President Trump," Zuckerberg wrote on his Facebook page. "We need to keep this country safe, but we should do that by focusing on people who actually pose a threat ... We should also keep our doors open to refugees and those who need help. That's who we are." "We should also keep our doors open to refugees and those who need help. That's who we are. Had we turned away refugees a few decades ago, Priscilla's family wouldn't be here today," he wrote of his wife, Priscilla ...

27Jan By AdityaNo Comments

CHINA

Alibaba’s Jack Ma Warns of ‘Big Trade War’ Between China, US

E-commerce giant Alibaba's founder Jack Ma has warned of a "big trade war" between China and the US under the new Trump Presidency if conflicts were not dealt properly. He said China's economic outlook will be "tougher than expected" due to continued slowdown of Chinese economy and warned. "In the coming three to five years... the economic situation will be even more arduous than everyone had expected," the e-commerce billionaire said at an annual meeting of the General Association of Zhejiang Entrepreneurs. Referring to the slowdown of the Chinese economy to 6.7 percent last year, the slowest in over two decades, he said it was "only natural" that China's rapid growth over the past three decades could not continue, and that the focus should be shifted to the quality of growth such a...

US Blacklists Chinese E-commerce Giant Alibaba For Fake Product Selling

22Dec By PriyankaNo Comments

CHINA, USA

US Blacklists Chinese E-commerce Giant Alibaba For Fake Product Selling

Chinese e-commerce giant Alibaba Group is back on the US government's annual list of "notorious markets" that sell pirated goods. The Office of the US Trade Representative said yesterday that Alibaba's on-line marketplace Taobao sells "high levels" of counterfeit goods and is slow to respond when companies complain about the knockoffs. USTR took Alibaba off the blacklist in 2012, but several US trade groups successfully sought to get it reinstated. "There are a lot of victims here," including US companies that lose sales to fakes and consumers who wind up with shoddy goods, said Stephen Lamar, executive vice president at the American Apparel & Footwear Association, which wanted Alibaba back on the list. Alibaba Group President Michael Evans said the company is "disappointed." ...

Nadella Congratulates Trump; Looks Forward to Work With Him

11Nov By NitishNo Comments

Entrepreneurs Talk

Nadella Congratulates Trump; Looks Forward to Work With Him

Tech giant Microsoft's India-born CEO Satya Nadella has congratulated US President- elect Donald Trump and said he looks forward to working with all those elected in the general election. "Yesterday, we witnessed the democratic process in action here in the US. The results are of importance around the world, and I know that interest is shared among Microsoft employees," Nadella, 49, wrote on Microsoft-owned professional networking site LinkedIn yesterday. "We congratulate the president-elect, and look forward to working with all those elected yesterday. Our commitment to our mission and values are steadfast, and in particular fostering a diverse and inclusive culture," he said. In a stunning result, Trump yesterday beat seasoned politician and Hillary Clinton in the knife-edge ...

Decoding: Facebook’s Trending Topic Controversy

14May By NitishNo Comments

ANALYSIS

Decoding: Facebook’s Trending Topic Controversy

What's behind the accusations that Facebook is manipulating its "trending topics" feature to promote or suppress certain political perspectives? According to the technology blog Gizmodo, a former Facebook contractor with self-described conservative leanings said Facebook downplayed news that conservatives are interested in and artificially promoted liberal issues such as the "BlackLivesMatter" hashtag. Gizmodo did not name this person. Facebook denied the claims, but the GOP-led US Senate Commerce Committee has sent a letter to Facebook and CEO Mark Zuckerberg requesting answers about the matter. What are 'trending topics'? Facebook shows some of the most popular topics being discussed at any given moment. On browsers, the topics appear on the top right corner, separate f...

Warren Buffett Says Berkshire ‘Fine’ With Trump or Clinton

3May By reutersNo Comments

Entrepreneurs Talk

Warren Buffett Says Berkshire ‘Fine’ With Trump or Clinton

Warren Buffett said on Saturday that Berkshire Hathaway Inc is poised to do well no matter who wins the White House in November, and the billionaire investor defended the performance and tactics of the conglomerate's several large investments. Buffett presided over his 51st Berkshire annual meeting in Omaha, Nebraska, where he and Vice Chairman Charlie Munger fielded five hours of questions on such matters as Coca-Cola's sugary drinks, lower shipping volumes on the BNSF railroad, risks from derivatives, and who might succeed Buffett as chief executive. Buffett, a staunch supporter of Democrat Hillary Clinton for president, was asked about the regulatory impact on Berkshire if Republican front-runner Donald Trump wins the 2016 U.S. presidential election. "That won't be the main pro...