October 27th, 2016Chennai-based FR8, a platform for trucking system raises Rs 6.5 Cr from Omnivore Partners Venture fund. The fund will be used for expansion, investing in technology and talent.
FR8 founded in June 2016 by Jayend ran Panneerselvam and Vasanth Immanuel, already has 2,500 trucks from 400 vendors on the marketplace. It currently books...
October 21st, 2016IT services major HCL Technologies today said its Chief Executive Officer Anant Gupta has put in his papers, following which the company has elevated current Chief Operating Officer C Vijayakumar to the post.
"Anant Gupta has decided to leave the company to pursue personal interests outside of HCL," it said in a statement.
It added...
September 20th, 2016IANS- Technology giant Microsoft is planning to close its London office of Skype and to lay-off most of the nearly 400 people employed there, a media report here said.
"Microsoft made the decision to unify some engineering positions, potentially putting at risk a number of globally focused Skype and Yammer roles," the Financial Times...
September 14th, 2016OneTrust, the leading software platform designed to operationalize data privacy compliance and Privacy by Design, is pleased to announce its acquisition of U.K.-based data privacy compliance service, Optanon.
"The acquisition of Optanon uniquely positions OneTrust to serve the needs of enterprise customers around the world with our...
September 9th, 2016Indias IT major Tata Consultancy Services (TCS) has been recognised as a leader among 24 companies in all categories of software testing services, according to a research-based report.
The NelsonHall Vendor Evaluation and Assessment (NEAT) report 2016, analysed and indicated the overall performance of leading global vendors offering...
September 8th, 2016Alphabet Inc's Google is acquiring software developer Apigee Corp in a deal valued at about $625 million, as it strengthens its cloud business.
San Jose-based Apigee's software helps a company's backend services interact with mobile and web-based apps used by customers and partners.
"Companies are moving beyond the traditional ways...
August 30th, 2016Microsoft today said Bala Girisaballa will be leading Microsoft Accelerator in India as CEO-in-Residence.
Prior to this, Bala was with Globalisation and market expansion advisory Zinnov as Partner and Practice Head helping MNC R&D companies.
He took charge of the Accelerators India operations, with effect from August...
August 24th, 2016Software giant Microsoft has bought a smart scheduling app Genee, as part of its effort to embed artificial intelligence (AI) to compete with the likes of Google Now and Apple.
The start-up, which was founded in 2014, will shut down its service on September 1. The financial terms of the deal were not disclosed by Genee founders Ben...
August 20th, 2016Cisco Systems Inc said it would cut nearly 7 percent of its workforce, posting charges of up to $400 million (roughly Rs. 2,672 crores) in its first quarter, as the world's largest networking gear maker shifts focus from its legacy hardware towards higher-margin software.
The gradual move to fast-growing sectors such as security, the...
August 4th, 2016The GST regime would streamline the taxation system and make it much more transparent, but would also create multiple taxation points, which will be a "challenge" for the IT industry, Nasscom said today.
Nasscom President R Chandrasekhar said the concerns regarding multiple taxation points have been brought to the notice of the...
July 30th, 2016Tata Group invested USD 9 billion in its businesses globally in 2015-16, even as its worldwide revenue fell marginally to USD 103 billion due to commodity market slowdown and volatile currencies among other reasons, the diversified conglomerates chief Cyrus Mistry said today.
Addressing the Annual Group Leadership Conference (AGLC)...
July 20th, 2016Bullish on the "existing market opportunity", Wipro CEO Abidali Z Neemucchwala today said the company is confident of achieving its ambition of doubling its turnover to USD 15 billion by 2020.
"I am very confident about the company's ambition (of doubling its turnover to USD 15 billion by 2020 because of the existing market...
