Bangalore

Sikka in middle of IP row involving SAP

Vishal Sikka is back in headlines, but not in connection with Infosys or Panaya this time. Cloud analytics firm Teradata Corporation has filed a lawsuit against SAP AG accusing Sikka, among others, of stealing trade secrets from a terminated joint venture product between the two firms for building the HANA platform. Sikka was the CTO of the German software maker SAP. Teradata alleged that SAP quickly developed and released HANA, SAP’s flagship database offering, by misappropriating Teradata’s intellectual property.

Bosch to invest over 1,700 cr in India by 2020

Global technology and services major the Bosch Group will invest 220 Million Euros (over 1,736 crore) in India in next three years to expand its operations.

 “To meet the rising demand for tailored solutions in the Indian market and also to increase India’s contribution to Bosch’s global network, we will invest 220 million euros over the next three years,” group CEO Dr Volkmar Denner announced Wedn-esday.

A major portion of this fund will go into expanding Bosch’s smart campus in Adugodi, Bangalore and also towards modernising its manufacturing facilities.

Firms must resist bigotry, say experts

Secular India’s political narratives are increasingly becoming divisive with some politicians and political parties openly encouraging and endorsing bigotry, said HR, diversity and marketing experts here on

Tuesday.

However, the trade should be responsible and sensitive enough to resist elements of bigotry and communal talks and focus on creating an inclusive culture at workplaces, they said in the backdrop of recent Airtel fiasco.

Indian consumers less aware of online frauds

Indian consumers are digitally driven but are less aware about online frauds when compared to their counterparts in APAC countries like Singapore and Hong Kong, says a recent Experian’s Digital Consumer Insights report.

The risk for online fraud is escalating as both brands and consumers are looking for easier ways to buy and sell products online, observes the study,

Monsoon washes away Nipah woes, boosts Kerala tourism

After a month-long lull, tourism in Kerala is all set to warm up with monsoon washing away the woes brought in by the Nipah virus. Nipah indeed played a dampener and tourism, the state’s biggest revenue earner, was an immediate casualty. Most of the tour/travel/leisure bookings were cancelled, but things have become normal in the last 15 days with monsoon holidays kicking in, say travel agents.

Cognizant elevates CEO Francisco to vice-chairman’s post

Leading tech-firm Cognizant’s CEO Francisco D'Souza has been appointed as  vice-chairman of the company with holding the current portfolio as well, the Board of Directors announced its decision on Wednesday.

Francisco had assumed the CEO role 10 year ago and under his direction the company grown multiple times. In December 31, 2007,  Cognizant had a head count of  55,400 people and its annual revenue was $2.136 billion then. As of March 31, it has 261,400 employees and revenues over $15 billion.

Huawei brings a new dimension of safety in air travel

With widening air traffic volume, the civil aviation has become the fastest-growing industry in recent past as even a common man wants to feel luxury beside saving time.  Global demand for air travel is expected to grow by 7.0% in 2018, and the total number of air passengers is expected to soar to 4.36 billion.

Realty firm offers exchange plan for home sellers

City-based realty firm, Puravankara Ltd, has announced a Home Exchange Plan, which the company says would offer multiple benefits to home sellers who are looking to upgrade their homes.

As per the company this is the first time a realty player is mimicking the automobile industry’s “exchange the old for the new’’ concept in the home segment. The three-day home exchange offer is scheduled between June 15th and 17th in Bangalore.

Bangalore retains top tech job creator position with 22% stake

Bangalore continues to be the lead tech job creator in the country with 22 per cent of all IT job positions, followed by Delhi-NCR, which originated 11 per cent opportunities for techies, as per a study conducted by job site, Indeed, based on the hiring data collected for a period of three years between May 2015 and May 2018.

After the duo, Pune comes at the third place with 10 per cent, following by Hyderabad, Mumbai and Chennai, which generated 9, 8 and 7 percentage of the total technology jobs in the country respectively.

Top tech firms pay pittance to fresh grads

Tech firms are offering pittance to fresh graduates this year. Close to 90 per cent of new tech recruits have been offered annual salaries in the range of Rs 1.8 lakh to Rs 3 lakh, while a very minuscule percentage of premium school grads get a more decent package of Rs 5 lakh and upwards.

This isn’t much different from what employers paid some 15 years ago (2003-04). Tech players paid an average annual salary of Rs 3.5 lakh to freshers and sadly that figure hasn’t changed since then despite higher inflation, say tech hirers.

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