The promoters of tech services firm NIIT Technologies may sell their holding stake for a significant premium. Swiss investment banker Credit Suisse is said to be managing the deal, as per market sources.
India observes National Milk Day on Monday as a mark of respect to the Father of White Revolution and founder of the country’s mother dairy, Amul, Dr Verghese Kurien.
Tech major Infosys has launched an initiative to accelerate digital leadership for its clients in Australia and shrink the digital skills gap in the region with the creation of 1,200 jobs and the opening of three Innovation Hubs by 2020.
Australia’s minister for industry, science and technology, Karen Andrews joined Infosys’ senior vice president for Australia and New Zealand, Andrew Groth at company’s North Sydney office to announce a broad range of initiatives.
A personal computer, older than four years, may attract huge owning and operating cost which is equivalent to acquiring at least three new modern PCs, says a recent survey jointly commissioned by Microsoft and Intel.
Hiring intent in 2019 is expected to be strongest after a gap of four years on the back of bullish employment opportunities in software and hardware, automotive and travel and hospitality sectors, according to India Skills Report 2019.
Just 2.38 lakh ATMs for a country of 1.3 billion! If that’s bad enough, here comes the worst. Over 50 per cent of the ATMs are going to shut down by March 2019. The worst impacted of the closures will be millions of rural poor.
The exit of Flipkart co-founder and group CEO Binny Bansal on November 13, just six months after inking the deal with Flipkart, came as a big shocker to over 30,000 employees at Flipkart and all players in the startup ecosystem.
Something is not quite right at the country’s e-com rockstar, Flipkart, after it hit a $16 billion Walmart jackpot in May this year.
If sheer data is anything to go by, over 6,500 employees of Flipkart and its subsidiaries, including Myntra, Jabong, PhonePe and Ekart, are actively job hunting on the country’s top notch career site, Naukri.com. That means, more than 20 per cent of the company’s total employees -- over 30,000 -- are exploring career prospects outside Flipkart.
Did Walmart use an old allegation of ‘personal misconduct,’ which had already been settled, to ease Binny Bansal (in pic) out of the current setup just six months after the Flipkart co-founder drove a hard bargain to sell 77 per cent stake to the American retail giant at $16 billion in May?
Or the US company followed the business ethics code too harshly despite the fact that business culture in its new domain was much different from the US and other regions it is operating in at present?
The US microchip major Intel has set up its latest state-of-the-art design house in Bangalore at an investment of Rs 1,100 crore.
Extending Intel’s R&D presence in India, it will house technologists who work on cutting-edge engineering across hardware and software.
The design facility was inaugurated by Manoj Sinha, minister of state (IC) for communications and minister of state for railways and Bob Swan, CFO and interim CEO of Intel Corporation.