Monday, October 7

Tag: Software

Microsoft Will Cut off 1800 Jobs
News

Microsoft Will Cut off 1800 Jobs

Microsoft Corp said on Wednesday it will trim down its smartphone business by cutting 1,850 jobs, most of them in Finland, and write down $950 million from the operation. The U.S. company, which entered the phone business in 2014 by buying Finnish firm Nokia's handset unit, said it would "streamline" its smartphone business and close down its research and development site in Tampere, Finland. Microsoft said it will continue to develop Windows 10 Mobile platform and support its Lumia smartphones, but declined to say whether it would develop new phones. "We are focusing our phone efforts where we have differentiation," said chief executive Satya Nadella in a statement. We will continue to innovate across devices and on our cloud services across all mobile platforms." Earlier this ...
Major American Newspaper Media Outsource Its IT Services To India
News

Major American Newspaper Media Outsource Its IT Services To India

A major American media company which owns prestigious dailies like Los Angeles Times and Chicago Tribune will outsource a part of its IT component to Indian software giant TCS, according to a media report. Chicago-based Tribune Publishing Company said it has informed its IT employees last month that it is moving work to India-based IT company Tata Consultancy Services (TCS), a news report in Computer World said yesterday. However, it did not say the number of employees would be hit by such a move. "IT employees at Tribune Publishing say they received warning of the outsourcing late last year. In April, they were told that over an 18-month period, Tribune would be moving to information technology outsourcing across its business, according to employees contacted," the report said. ...
49% Kids Can’t Live Without Social Media – Kaspersky Lab Study
ANALYSIS

49% Kids Can’t Live Without Social Media – Kaspersky Lab Study

Kids today spend more of their lives online than offline, according to research carried out by Kaspersky Lab and iconKids and Youth. As kids grow older, offline activities tend to transfer to the online world. Moreover, three-in-four children prefer to use the Internet to get information, rather than any other source. These findings show that children can become even more vulnerable online without parental supervision and support. Children stay close to their mobile devices all day, and even tend to sleep with them, so that they can go online around the clock from any location. The research shows that four-in-ten are reluctant to put their smartphone down even during mealtimes. Furthermore, 23% of parents of 8-10 year olds admitted that their kids take their mobile phones to bed with...
A Coolie Son Launched Unmanned Shop, Where You Can Purchased Product & Pay Later
Story

A Coolie Son Launched Unmanned Shop, Where You Can Purchased Product & Pay Later

Company                                        ID FRESH FOOD (INDIA) PVT. LTD. Value Proposition                      High-quality, 100% natural, fresh,ready-to-cook food Revenue                                           Rs 100 Crores Funding Rs 3 crores (approx. $450,000) from Sequoia in 2013 Rs 35 crores (approx. $5.2 million) from Helion Ventures   Team Size                                       800 Customer Base                            Sells products in 8 cities across two countries Growth                                            10X every four years; More than 60% growth in 2015   Founder and CEO                       Musthafa PC   iD Fresh Food, the ready-to-eat food company founded by IIM-B al...
We Bought a Tool To Hack Terrorists iPhone: FBI chief
News

We Bought a Tool To Hack Terrorists iPhone: FBI chief

The US government purchased "a tool" from a private party to unlock the iPhone used by a Pakistani-American shooter involved in the San Bernardino terror attack, according to FBI Director James Comey. "Litigation between the government and Apple over the San Bernardino phone has ended, because the government has purchased, from a private party, a way to get into that phone, 5C, running iOS 9," Comey said. Law enforcement officials said last month that they had finally cracked the iPhone 5C used by Syed Farook, one of two shooters in the December 2015 attack that left 14 people dead in California. But they did not go into details, other than to say an unnamed third party had provided assistance. In an effort to access information stored on his phone, the US government had pursued ...
Oracle to Set Up Startup Incubators in India
News

Oracle to Set Up Startup Incubators in India

To mentor budding entrepreneurs and help the emerging companies access best technology, IT major Oracle will set up nine startup incubators across the country. "Our goal is to make it extremely easy for people to access the Cloud and we want to make it accessible not just to big companies, but also to every person who has an idea for a business that can transform this country," Oracle President Thomas Kurian today. Mentoring is a key part of the initiative and the incubator will facilitate the companies to learn from venture capital funds and also former chief executives of successful startups, he said at a company event here. Even though the company works with the software ecosystem across the world, this is a global first of having dedicated incubators, Kurian added. ...
MobileIron Software Could Have Opened San Bernardino Shooter’s iPhone
USA

MobileIron Software Could Have Opened San Bernardino Shooter’s iPhone

The US investigation agency FBI demands that Apple Inc unlock an iPhone used by San Bernardino shooter Rizwan Farook might have been avoided if his employer, which owns the device, had equipped it with special mobile phone software it issues to many workers. San Bernardino County, which employed Farook as an environmental health inspector, requires some, but not all, of its workers to install mobile-device management software made by Silicon Valley-based MobileIron Inc on government-issued phones, according to county spokesman David Wert. That software is designed to secure corporate data. It also allows information technology departments to remotely unlock phones, even without assistance of the phone's users or access to the password needed to open the phone and unscramble the data. "I...
How Slack Technologies developed from an idea for easier office chat to software juggernaut in two years, entirely by word of mouth
Story

How Slack Technologies developed from an idea for easier office chat to software juggernaut in two years, entirely by word of mouth

It's late morning on a Thursday in September, and Slack Technologies CEO Stewart Butterfield has convened a meeting with his design and product heads in the company's low-key San Francisco headquarters. On the agenda is the question that's been most on Butterfield's mind lately: how his $US2.8 billion ($3.9 billion) start-up, which makes business-collaboration software, can be as good with 250, 500, or a thousand people as it was when he founded it with a team of eight. For today's meeting, Butterfield, sporting camouflage suede wingtips and argyle socks, has prepared a list of "teachable principles" he wants his people to internalise. Butterfield is off and running when something distracts him: Brandon Velestuk, Slack's design director, is video-conferencing from Vancouver, and his...
Premji Invest: A Investment group led by Azim Premji
Story

Premji Invest: A Investment group led by Azim Premji

Working quietly since 2006, Premji Invest investment firm has built up positions and funded around 40 publicly listed and private companies out of a corpus of $1 billion (Rs4,290 crore). Yet, its operations are shrouded in secrecy and the firm has consciously avoided building a public profile. Premji Invest is a private equity fund owned by Azim Premji, which manages over $2 billion of Azim Premji's personal wealth by investing in capital markets and picking minority stakes in start-ups, including homegrown e-commerce companies such as Flipkart and mobile payment companies such as Chennai-based Financial Software and Systems. The investment ratio for Premji Invest is analysed as follows: Till date, more than 60% of its total cash have gone in capital markets, buying stocks of firm...