Bangalore buddies Aadil Niyaaz and Roshan Gowda (both aged 22) went from kindergarten to the university together until they finished their BE in Computer Science. Now they work — Niyaaz is a data analyst with an AI (artificial intelligence) startup and Gowda, a coder with a Fintech venture — for two different companies that focus on diverse domains and technologies.

But, they are housed under one roof, of a coworking space in the city.

HCL is taking a path that is distinct from its peers

For Shiv Nadar-Promoted HCL Technologies it is a ready way to bulk up its software product portfolio since it has already been developing these products for IBM and can provide a fresh lease of life to these products and its customers. As far as Big Blue is concerned, it needs to shed some ‘weight’. IBM is bleeding more cash than it is making and unless it stems the outflow, it will be in trouble, says Hansa Iyengar (in pic), senior analyst-Advanced Digital Services at Ovum, a London-based IT analyst firm.

What does this product deal mean for HCL?

HCL opens up future course with IBM deal

HCL’s $1.8 billion asset buy has the deal street excited. The IT industry is analysing the sector’s biggest transaction. The moot question is: how will HCL chart its future journey.

Foreign analysts that Financial Chronicle spoke to see the deal to buy IBM assets as positive but throw in caution as well.

HCL believes that the product acquisition is the “next logical” step and will help enhance its customer base across the globe. Intellectual property partnership has helped the company build good revenue streams through royalties from partners.

‘IT enterprises suffering from dated tech & talent’

Many enterprises today are hindered by a patchwork of applications and talent trained for yesterday’s technology. The world of enterprise IT is experiencing a seismic shift that is both technical and cultural. Companies need systems that are boundaryless, adaptable and radically human to thrive in a world of constant change and to be able to innovate at scale, said a recent Accenture study titled “Future Systems.”

1 killed, 3 hurt in blast in IISc Bangalore lab

A suspected cylinder blast killed a 32-year old technician and injured three others during an experiment in the aero-dynamics laboratory of the Indian Institute of Science (IISc) here on Wednesday.

Four technicians of a private start-up company were involved in some experiment at the laboratory when an explosion occurred suddenly at around 2.20 pm, they said. 

Indo-Saudi bilateral trade may rise 10% in FY19: Riyadh

The value of India-Saudi Arabia bilateral trade increased from $ 25.0 billion in 2016-17 to $27.5 billion in 2017-18, and is expected to go up by 10 per cent in the current financial year, said Saud bin Mohammed Al- Saty (in pic), ambassador of Saudi Arabia to India.

Speaking at an industry interaction organised by Confederation of Indian Industry (CII) here on Tuesday, ambassador Saty said there is still a lot of scope to further increase business relations between the two nations especially in the areas of agriculture, chemicals, fertilizer and tourism.

Barclays to transfer Lithuania operations staff to HCL Tech

International financial services major Barclays has decided to transfer some 460 employees in its operations centre in Lithuania to the technology centre of its tech partner in the Baltic country — HCL Technologies.

The announcement comes after Barclays decided to conclude its operations in Lithuania — a global decision to optimise operations. The remaining employees are being offered redundancy, said a joint media communiqué.

Firms deploying analytics to enhance customer experience

A majority of organisations are deploying analytics to enhance customer experiences and mitigate risk, says a research released by tech major Infosys.

The research, titled ‘Endless Possibilities With Data: Navigate From Now To Your ext,’ was conducted to understand how data analytics is becoming core to driving digital transformation for enterprises and makes an assessment of enterprise expectations in a world of endless possibilities with data. It also explored a range of challenges, opportunities and the role of new technologies in the analytics world.

Adanis buy HDIL arm, raise stake in Kerala

The Adani Group has been successful in raising its stake in Kerala with the acquisition of Blue Star Realtors, a subsidiary of Housing Development Infrastructure (HDIL). Sources in the company affairs ministry and the Registrar of Companies (RoC) confirmed the development.

H-1B Visa woes: 26 small firms promoted by Indians disqualified

The Trump administration continues its relentless crusade against immigrant workers and imported talent.

The United States Department of Labor (DoL) has debarred 26 companies after they were found to be “wilful violators” of the H-1B visa programme.

Interestingly, all these companies are registered in the US and have Indian or Indian-origin promoters with direct or indirect presence in India.

As per the US DoL official website, the Wage and Hour Division (WHD) maintains the list (of 26 wilful violators of H-1B scheme) and the debarring came to effect on