Bangalore

Bangalore to build bridge between innovators and consumers

The country’s tech capital Bangalore is now spearheading a new initiative to build a bridge between innovating and consuming geographies around the globe.

Countries like Taiwan, Israel, Japan and Korea are very high on the tech innovation index, while BRIC countries are mostly users of innovation and therefore high on tech consumption index. The lead players in innovation index are not able to monetise all their innovations, while countries like India have a large pool of entrepreneurs who are hungry for innovative, quickly doable and marketable ideas.

Apple in a jam as Centre says no to sops

The Centre has rejected Apple Inc’s request for certain concessions in excise and import duties on material and component. It leaves the Cupertino-based tech major in a quandary over starting a manufacturing facility for iPhones in Bangalore.

Getting back its mojo

After many years of sluggish and flat growth, the Indian commercial realty mart seems to be slowly getting back on track. Companies are looking for large and medium office spaces and this trend has already resulted in a demand supply gap in Bangalore and Mumbai, say industry observers. During the July-August-September quarter, office space take-up grew by 2 per cent quarter on quarter to touch 10.4 million sq ft in top cities, Bangalore, Delhi NCR and Mumbai, said a recent India Office Market View Report by real estate consulting firm, CBRE South Asia.

Coronation confirmed

Putting all speculations to rest, Congress chief Sonia Gandhi on Friday said her son and party’s vice-president Rahul Gandhi will soon take over as president of the 132-year-old party.

“You have been asking this for so many years and it’s now happening.”Sonia. said pointing at Rahul on the sidelines of the launch of former president Pranab Mukherjee's autobiography here on Friday.

Country’s BPM sector to rake in revenues of $55b by 2015: Nasscom

Nasscom has set an ambitions revenue mandate for its member companies in the business process management (BPM) space.

The sector will rake in revenues in the range of $50 to $55 billion by 2025, against $30 billion revenues during fiscal 2017, the apex body said.

Going forward, new growth engines like business data analytics, robotic process automation, artificial intelligence, DevOps and cyber security, among others, are going to be the key drivers of this quantum growth in BPM, said Raman Roy, chairman, Nasscom. 

Inflation seen at 6-month high of 3.6% in Sept

India’s retail inflation likely edged up in September, driven by higher salaries of government employees as well as the impact of the goods and services tax (GST), a Reuters poll found, a development that would make further monetary policy easing unlikely.

Consumer inflation is fo­r­ecast to have risen to 3.60 per cent in September from a year ago, above August’s 3.36 per cent, the poll of 36 economists showed. The data will be released on Thu­r­sday at 12 noon.

Tech hiring to slow down further, firing may go up, says survey

A survey done across 500 tech companies in India says the industry will witness shrinkage in hiring. In addition, there will also be layoffs during the next two quarters from October 2017 to March 2018.

According to Experis IT Employment Outlook released on Tuesday, a majority of the employers would want to hire trained IT graduates and upskilled employees.

A tough quarter but outlook positive for IT services firms

The last quarter, that is Q2 of the fiscal, was a tough period for most IT industry players as they experienced a sharp decline in employee addition and client acquisition. Margins could be slightly better for Infosys, Wipro and Tech Mahindra, but they had to delay wage hike and let go of people during the quarter.

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