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Google Collaborate With Coursera to Launch Online IT Certification Courses

17Jan By AnkitaNo Comments

BUSINESS

Google Collaborate With Coursera to Launch Online IT Certification Courses

Tech giant Google and online education leader Coursera today announced the launch of a certificate course aimed at filling entry-level IT support jobs globally. The Google IT Support Professional Certificate, developed by subject-matter experts at Google and offered exclusively on Coursera, will help anyone with no prior experience to be ready for an entry-level IT support job in 8 to 12 months. The programme will allow learners to share their information with a host of top companies looking to hire entry-level support professionals, including Bank of America, Walmart, Sprint, GE Digital, PNC Bank, Infosys, TEKSystems, UPMC, and, of course, Google. "Finding qualified IT personnel is a challenge many companies face. With 150,000 open roles in IT support, it is one of the fastest...

Salil Parekh as CEO is a Huge Positive for Infosys: T V Mohandas Pai

3Jan By PriyankaNo Comments

Entrepreneurs Talk

Salil Parekh as CEO is a Huge Positive for Infosys: T V Mohandas Pai

Salil Parekh taking over as CEO is hugely positive for Infosys as he is a team builder who understands the business and changing market environment, says the company's former chief financial officer T V Mohandas Pai. Parekh being based in Bengaluru, the NASDAQ-listed companys headquarters, would also make a huge difference as most clients visit the campuses before they sign the deals and the teams working on their projects there, Pai told PTI. "It (Parekh as CEO) is hugely positive for Infy. They will have a CEO who understands the services business, who understands the changes that are happening and what needs to be done," he said. "He is a customer-facing person and thats exactly the kind of talent thats required. Working in a services company (in Capgemini where he worked earli...

Narayana Murthy Dismissed Threats From Artificial Intelligence, Call it “More Hype than Reality”

24Dec By PriyankaNo Comments

News

Narayana Murthy Dismissed Threats From Artificial Intelligence, Call it “More Hype than Reality”

Infosys co-founder NR Narayana Murthy has flayed the high wage hikes that senior managements have been apportioning to themselves when the software industry is in trying times and has advised them to make "sacrifices" to maintain common mans faith in capitalism. Conceding that times are difficult for the IT services sector, Murthy dismissed the commonly attributed threats of artificial intelligence and automation as "more hype than reality". Terming the trend of no hikes for juniors and freshers as "worrisome," Murthy rued that the senior level people have been taking handsome hikes. "I think that is not the way to make capitalism acceptable to the larger masses in a country that has huge poverty," he said, speaking at the IIT-Bombay over the weekend. "If we believe in capitalism, ...

TCS Secures Record $2.25 Billion Deal From Nielsen

23Dec By PriyankaNo Comments

INDIA

TCS Secures Record $2.25 Billion Deal From Nielsen

Those who are saying that the days of Indian IT industries are over are now yet to rethink because one of India's leading IT exporter Tata Consultancy Services (TCS) has bagged a record USD 2.25-billion outsourcing contract from Nielsen, a television rating measurement firm. The partnership, signed in October this year, is a renewal of TCS existing collaboration with Nielsen. The two companies had struck a 10-year deal in 2008 for USD 1.2 billion, which was expanded to USD 2.5 billion in 2013. Under the new deal, the terms of the agreement have been extended for an additional five years so as to expire on December 31, 2025, with three one-year renewal options granted to Nielsen, the TV rating company said in a regulatory filing to the US SEC. "Nielsen has committed to purchase servic...

Feedback From Clients Positive, Reassuring: Infosys

8Sep By Press Trust of IndiaNo Comments

News

Feedback From Clients Positive, Reassuring: Infosys

IT major Infosys today said the feedback from its clients and stakeholders, despite weeks of acrimony between the founders and former board members, has been "positive and reassuring" and it is now focusing on executing its strategy. The Bengaluru-based firm has been in the eye of a storm over the past few months, with the two sides clashing over allegations such as corporate governance lapses and irregularities in Infosys USD 200-million Panaya acquisition. "Since Vishal left and Nandan came on board, we have had a massive outreach. We have talked to all the stakeholders, clients and employees," Infosys interim CEO and MD U B Pravin Rao said at the Citi Global Technology Conference 2017. He added that the company has also reached out to investors and industry consultants and "more or...

Software Testing For GST Complete, Ready For Smooth Rollout: GSTN

28Jun By kriti singhNo Comments

INDIA

Software Testing For GST Complete, Ready For Smooth Rollout: GSTN

GST Network, the company providing technology backbone for the new indirect tax regime today said it has completed all software trials and testings necessary to successfully rollout GST from July 1. Over 66 lakh taxpayers have enrolled on the GSTN portal, Chairman Navin Kumar said. "GST IT system has undergone all mandatory tests and has been opened for new registrations and enrolments on June 25. We would like to assure everyone that the system is functioning smoothly," he said. The GSTN portal has also started accepting registrations from new taxpayers from June 25 even as the process of migration of existing taxpayers is already on. Registration has also started for GST practitioners, deduction of tax at source and e-commerce operators (TCS). The government has however deferred...

Infosys To Pay $1 Million Fine To New York In Visa Violation Case

24Jun By Press Trust of IndiaNo Comments

News

Infosys To Pay $1 Million Fine To New York In Visa Violation Case

IT major Infosys has reached a settlement for USD 1 million with the state of New York in a visa-related case, even though the company maintained it committed no wrongdoings and the probe was centred on alleged paperwork errors. In a statement, New York Attorney General Eric T Schneiderman today said a USD 1-million settlement with the Indian IT firm has been reached to conclude the investigation. While, the Bengaluru-based company in its statement said, "Infosys' agreement concludes the State of New York's investigation relating to the amount of taxes the company paid in 2010-2011 without any criminal or civil charges being filed. "While this investigation centred on alleged paperwork errors, the company committed no wrongdoing and denies all allegations made in this regard." ...

TCS Ranked Top Recruiter in US For IT Sector, Hired 12500 People

24Jun By kriti singhNo Comments

News

TCS Ranked Top Recruiter in US For IT Sector, Hired 12500 People

Tata Consultancy Services (TCS) was ranked among the top two job creators in the US for the IT services sector over the past five years, according to a study. The countrys largest software exporter has recruited more than 12,500 US employees from 2012-2016, while it ranked first in terms of US employee growth during that period, at 57 per cent, said the study by The Cambridge Group. The company has had a presence in the US for more than four decades, and the ranking in The Cambridge Group report reflects the IT giants ongoing level of investment in the worlds largest economy, the study explained. The Mumbai-headquartered exporter has invested nearly USD 3 billion in the US over the past three years, in terms of employment, new innovation labs, extensive nationwide STEM education p...

14Jun By Press Trust of IndiaNo Comments

ACQUISITION

Wipro Acquires 26% Stake in Drivestream

The country's third largest software services firm Wipro has invested USD 809,690 (about Rs 5.12 crore) in management and IT consulting firm Drivestream. The cash consideration will see Wipro acquiring 19,679 preferred stocks and 27,865 common stocks, Wipro said in a BSE filing. Wipro now holds 26.1 per cent share in Drivestream (on a fully diluted basis), it added. Established in 2001, Drivestream is privately held and has a workforce of around 73 employees in the US. Its revenue stood at USD 20.5 million in 2016.

Infosys Denies Reports of Co-founders Selling Stake

9Jun By PriyankaNo Comments

News

Infosys Denies Reports of Co-founders Selling Stake

IT major Infosys today denied media reports suggesting that its co-founders, including N R Narayana Murthy, were planning to sell their entire stake in the company. "We would like to clarify reports in media speculating on plans of stake sale by the promoters. This speculation has already been denied categorically by the promoters," the company said in a statement. The country' s second largest IT services firm was reacting to a media report that Murthy and other co-founders Nandan Nilekani, Kris Gopalakrishnan, S D Shibulal and K Dinesh were looking to sell their entire stake in the company worth about Rs 28,000 crore. "The company further reiterates that it has no information on any such development. We would like to appeal to the media not to fuel such speculative stories as th...

Wipro Chief Azim Premji Denies Media Report on Selling Wipro stake

6Jun By PriyankaNo Comments

News

Wipro Chief Azim Premji Denies Media Report on Selling Wipro stake

Wipro Limited Chairman Azim Premji has denied a media report that promoters of the IT company were evaluating sale of their holdings and said he "remains committed to Wipro." In his letter to Wiproites, he had termed the news article reportedly published in this regard as "baseless and malicious." A news website had yesterday quoting banking sources reported that the promoters of the Indias third-largest IT services company are in the early stages of evaluating the sale of the company or some of its units, and have even approached investment banks. In the letter sent out late last night to its employees, Premji said he continued to be "incredibly excited" about the potential of the IT industry and Wipro. "Over the past 50 years, I have seen Wipro grow from a small regional play...

Azim Premji Salary Package Received 63% Cut, No Commission Paid This Year

5Jun By AdityaNo Comments

News

Azim Premji Salary Package Received 63% Cut, No Commission Paid This Year

Wipro Chairman Azim Premji's pay package saw a huge 63 per cent fall at USD 1,21,853 (about Rs 79 lakh) last fiscal, with no commission being paid during the year. The IT czar had drawn a larger compensation of USD 3,27,993 (about Rs 2.17 crore) in the previous fiscal. Premjis package included USD 66,464 in salary and allowances and USD 41,742 (others) and USD 13,647 in long-term compensation (deferred benefit - companys contribution to the Provident Fund and Pension Fund), totalling to USD 121,853 for the year 2016-17, as per documents with the US SEC. "Azim H Premji is entitled to a commission at the rate of 0.5 per cent on incremental net profits of Wipro for the fiscal 2017 over the previous year. For the year ended March 31, 2017, commission paid to Azim H Premji is INR Nil,"...