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ANI Technologies, Ola Parent May See Some Investment From Microsoft

25Jul By RishabhNo Comments

FUNDING

ANI Technologies, Ola Parent May See Some Investment From Microsoft

American Multinational giant Microsoft may invest some money for a small stake in ANI Technologies Pvt Ltd, the company that runs Ola, in a deal where this ride hailing service will switch from Amazon Web Services (AWS) to Microsoft's Azure Cloud Platform. “The talks with Ola are in very early stages. More than the money, it is more about Nadella’s vision of partnering with more and more large technology companies in India and establish Azure as service of preference. Microsoft is likely to invest in Ola but a term sheet is yet to be issued,” one of the two persons cited above said on condition of anonymity. Ola is already in the middle of fund-raise and is currently valued around $3.5 Bn, and is the third most valued startups in the country. Ola has been in constant battle with Uber in ...

Technology Giant Microsoft Will Cut Up to 3,000 Jobs

6Jul By AnkitaNo Comments

News

Technology Giant Microsoft Will Cut Up to 3,000 Jobs

Technology giant Microsoft is undertaking a major reorganisation that will likely see the company cutting about 3,000 jobs from its global workforce, a media report said today. The layoffs under the restructuring at the technology giant led by India-born Satya Nadella will mostly affect sales, and as many as 3,000 jobs will be cut, CNBC reported. The media report quoted a Microsoft spokesperson as saying that the company is implementing changes to better serve its customers and partners. "Today, we are taking steps to notify some employees that their jobs are under consideration or that their positions will be eliminated. Like all companies, we evaluate our business on a regular basis. This can result in increased investment in some places and, from time-to-time, re- deployment in...

India a Land of Software Developers: Microsoft official

14May By Press Trust of IndiaNo Comments

News

India a Land of Software Developers: Microsoft official

India has become a land of software developers with the country accounting for the third largest number of such professionals, a senior Microsoft official has said. Driven by immense opportunities that the Indian government's digitisation programme has offered and the fact that it opens up a new vista of more than a billion plus market inside the country, there is a new level of enthusiasm and confidence among the Indian developers community, said Narendra Bhandari, GM Developer Group in India, Microsoft. "The impact of these policy initiatives like demonetisation and GST, which is being rolled out soon, on software developers is that people who are building these applications are now thinking, how do I build these applications for a billion people, not for the twenty million people ...

Dubai “Worlds First City” Gets Its Own Typographic Font

2May By AdityaNo Comments

MIDDLE EAST

Dubai “Worlds First City” Gets Its Own Typographic Font

Dubai has teamed up with Microsoft to become the worlds first city to have a font named after the gleaming metropolis. Crown Prince of Dubai and Chairman of the Executive Council of Dubai Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum yesterday launched the Dubai Font in line with the UAEs vision to become a regional and global leader in innovation. The font, the first typeface developed by Microsoft for a city, comes in both Arabic and Latin script and will be available in 23 languages to 100 million Office 365 users around the world. "The launch of the Dubai Font to the world is a very important step for us as part of our continuous efforts to be ranked first in the digital world," Shaikh Hamdan was quoted as saying by media reports. He also directed government departments ...

Flipkart Raises $1.4 Billion From Microsoft, Tencent and eBay

10Apr By PriyankaNo Comments

FUNDING

Flipkart Raises $1.4 Billion From Microsoft, Tencent and eBay

Indias largest e-commerce firm Flipkart has raised USD 1.4 billion from Tencent Holdings, Microsoft Corp and eBay Inc amid speculation that the online marketplace is in talks to take over smaller rival Snapdeal. The biggest-ever fund raising by an Indian Internet firm values Flipkart at USD 11.6 billion, the company said in a statement today. With over 100 million customers, Flipkart owns fashion retailers Myntra and Jabong, logistics firm Ekart and payments app PhonePe. The valuation was a decline from Flipkarts USD 15 billion reported worth in 2015. Prior to the latest round of funding, it had raised more than USD 3 billion, mostly from international investors. eBay will invest USD 500 million in Flipkart as the two firms will merge their operations in the country. As part of the de...

Microsoft Launched Linkedin Mini Version For Semi Skilled Workers in India

23Feb By PriyankaNo Comments

News

Microsoft Launched Linkedin Mini Version For Semi Skilled Workers in India

Microsoft CEO Satya Nadella today made a strong case for using digital technologies to empower the common man and launched a slew of India-centric initiatives, including a platform to connect semi-skilled workers with employers. The technology giant also launched a 'lite' version of its video interaction platform Skype. "If digital technology is only the purview of the large businesses and the start-ups, I think that is not sufficient for an economy to make progress," the India-born Nadella said speaking at a company event here. We’ve built Skype Lite for India, it's lightweight and has #Aadhar integration built in.@satyanadella #FutureDecoded — Microsoft India (@MicrosoftIndia) February 22, 2017 "We can celebrate technology, but if it doesn't truly empower every Indian and eve...

Flipkart CEO Binny Bansal and Microsoft CEO Satya Nadella Announce Key Partnership to Expand E-commerce in India

22Feb By NitishNo Comments

BUSINESS

Flipkart CEO Binny Bansal and Microsoft CEO Satya Nadella Announce Key Partnership to Expand E-commerce in India

Microsoft and Flipkart, India’s leading marketplace, announced a strategic partnership to provide consumers in India with the best online shopping service. As a first step in the broad collaboration between the two companies, Flipkart will adopt Microsoft Azure as its exclusive public cloud platform. Microsoft CEO Satya Nadella and Flipkart Group CEO Binny Bansal announced the news today at an event in Bengaluru. “At Microsoft, we aim to empower every Indian and every Indian organization with technology and key to this is forging strategic partnerships with innovative companies like Flipkart,” said Satya Nadella, CEO, Microsoft. “Combining Microsoft’s cloud platform and AI capabilities with Flipkart’s existing services and data assets, will enable Flipkart to acceler...

Microsoft’s Market Value Tops $500 Billion Again after 17 years

28Jan By NitishNo Comments

News

Microsoft’s Market Value Tops $500 Billion Again after 17 years

Microsoft Corp's market capitalization topped $500 billion for the first time since 2000 on Friday, after the technology giant's stock rose following another quarter of results that beat Wall Street's expectations. Shares of the world's biggest software company rose as much as 2.1 percent to $65.64, an all-time high, in early trading, valuing the company at $510.37 billion. The last time Microsoft was valued more was in March 2000, during the heyday of the dotcom era, when it had a market value of a little above $550 billion, according to Thomson Reuters data. Despite the gains, Microsoft still lags Apple Inc's market capitalization of about $642 billion and Google-parent Alphabet Inc's market value of a little more than $570 billion. Microsoft reported second-quarter results o...

Microsoft Head Satya Nadella Will Join Board of Starbucks

25Jan By PriyankaNo Comments

News

Microsoft Head Satya Nadella Will Join Board of Starbucks

Microsoft's India-born CEO Satya Nadella has been nominated to join the Board of Starbucks for his "invaluable insight" in international operations and distribution as the global coffee giant focusses on global growth and innovation. Nadella, 49, has been nominated by Starbucks along with President and Chief Executive Officer of warehouse chain Sam's Club Rosalind Brewer and Executive Chairman of the LEGO Brand Group Jorgen Vig Knudstorp to its Board of Directors. Their election, which will bring the Board strength to 14, requires approval of the company shareholders, who will meet in March, Starbucks said in a statement. Starbucks nominated the three as it seeks to bring diversity to the Board while pursuing its long-term plan for strong global growth and innovation. The compa...

IBM Names Karan Bajwa as Managing Director of India Operations

4Jan By NitishNo Comments

News

IBM Names Karan Bajwa as Managing Director of India Operations

IBM today announced the appointment of Karan Bajwa as Managing Director of IBM India Pvt. Ltd, succeeding Vanitha Narayana who is appointed as Chairman of IBM India Pvt. Ltd. These leadership announcements further demonstrate IBM’s commitment in the region. Karan joined IBM in 2016 as Executive for Strategy and Transformation in the Asia Pacific region. Prior to this he was the Managing Director, Microsoft India where, besides leading the India business for the company, he also the led the Cloud Transition and the Ecosystem engagement. Prior to that he has served in various roles in Microsoft and Cisco. Karan is not new to IBM, having worked for five years leading IBM’s networking business and based in Singapore from 2001 - 2005. “I am humbled and excited as I take on this role of...

PDF to Excel- Providing the Necessary Help for Many Small Business Professionals

22Dec By AnkitaNo Comments

Story

PDF to Excel- Providing the Necessary Help for Many Small Business Professionals

The usage of the most popular program in the Microsoft Office suite, the versatile Excel, is in a word - enormous. All around the globe, numerous business people, students and educators alike benefit on a daily basis from this truly handy program. The secret to its success lies in its multi-functional structure of rows and columns, along with a set of progressive mathematical formulas, Excels spreadsheets are ideal for accounting, banking, marketing, bookkeeping, human resources, analysts and many other professions. Almost as an exact opposite to the quality of this software, a rather serious problem can occur while sending Excel files to different computers and devices. Every operating system has its own unique way of reading the formatting of every digital document, so if an Excel file ...

Microsoft Launches Dynamics 365 and AppSource in India

19Dec By PriyankaNo Comments

Tech

Microsoft Launches Dynamics 365 and AppSource in India

Microsoft Launches Dynamics 365 and AppSource in India and will be Available From Local Data center on App-based Subscription Model. Retail, BFSI & Manufacturing Enterprises are Using Microsoft Dynamics 365 to Power Their Digital Transformation. These services will be delivered to customers as Software-as-a-Service (Saas) from its datacenters in India. Dynamics 365 is a cloud-based suite of applications that integrates CRM and ERP capabilities to provide the full power of advanced data analytics, machine learning and intelligence to high growth, new age companies in India. Microsoft AppSource is the new destination for business users to find and try out line-of-business SaaS apps from Microsoft and its partners. Presently, AppSource contains more than 200 business SaaS apps, a...