IT Industry Wants To Collaborate With Government, Academia For Reskilling

It took just 25 years for IT to become pervasive in India. The proliferation of mobile phones, reduction on duties for components, coupled with the Government of India’s Digital India and Make in India policies, have been the main drivers of this growth.

Axis Bank buys FreeCharge for USD 60 Million

Snapdeal is finally selling off FreeCharge, its mobile transactions platform, to private sector Axis Bank. The bank said in a communication to the Bombay Stock Exchange that it has entered into a share purchase agreement with Jasper Infotech Private Ltd, Snapdeal parent, to acquire 100 percent equity in FreeCharge for a consideration of Rs 385 crore.

Hybrid IT Expected To Help Deliver On The Digital Transformation Promise

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Data Centre & Compute Modernisation: Critical Success Factors In Digital Transformation Agenda

Digital Transformation is topping the priority charts not just with technology leaders but with CEOs and Boards alike. Findings from a recent Greyhound Research study titled, Global CEO Priorities 2017, tell this tale eloquently. Per the study, over 95% global CEOs cited Digital Transformation as a key topic of discussion in meetings with their Board and other senior management.

Will Flipkart’s ‘Buy Now, Pay Later’ Feature Emulate The Magic Of Cash On Delivery?

India’s largest e-commerce company Flipkart has a knack for springing surprises with bold, audacious moves. The e-tailer has taken another leap of faith with a ‘buy now, pay later’ option.

Nasscom Pegs IT-BPM Exports Growth Rate At 7-8 Per Cent For FY17-18

Industry body Nasscom projected software export growth in fiscal 2017-18 at 7-8% in constant currency, down from 8.6% last year.

Flipkart Aims To Bag Snapdeal For $400M

Flipkart’s acquisition of Snapdeal could come through in July, at a valuation that is much less than had been initially envisaged. While Snapdeal is gunning for $1 billion from Flipkart, the latter is only willing to pay $350-400 million.

Can a former OYO Rooms executive build a rival hotel aggregator that lasts?

Much before she was caught by the entrepreneurial bug, Ankita Sheth had already plunged into the world of startups. As the head of acquisitions at OYO Rooms, the SoftBank-backed hotel aggregator, she had helped its founder, Ritesh Agarwal, build up the company’s business, connecting customers with available hotel rooms across India.

Amazon Pay Plans Mobile Recharges, Could Be Tough Competition For Paytm, MobiKwik

Paytm and MobiKwik, India’s largest mobile wallet companies, had better pad up for their biggest competition yet. For, Amazon is preparing to enter the mobile recharge segment, which accounts for nearly one-third of spending on mobile wallets, with Amazon Pay.

India’s SMEs Need To Be Empowered With Access To Funds, Not Mere Provisions Of Accounts, Subsidies

If India is to sustain its onward march of 7 percent-8 percent of annual economic growth, the 50-million strong Small and Medium Enterprises (SME) sector has a vital role to play. However, in their quest for growth, SMEs find working capital and timely access to it as serious concerns.

Quikr’s Quick-Fire Acquisitions: Is It Time To Consolidate Now?

When cross-category classifieds company Quikr announced the acquisition of home services startup Zimmber earlier this month, it marked the firm’s eleventh buyout in less than two-and-a-half years.

If Only India’s IT Companies Could Focus On Real Transformation Instead Of Appeasing Trump

On May 02, Infosys, India’s second largest information technology (IT) company, announced that it will hire 10,000 American workers over the next two years. Three days later, on May 05, Nasdaq-listed Cognizant Technology Solutions, which has a large presence in India, also revealed plans to significantly ramp up hiring in the US. if and when they do end up attracting talent, Indian IT companies may have to pay through their nose for it.

Oracle Launches Cloud Computing Service For India To Push GST Rollout

Technology giant Oracle has launched its cloud computing service for India, which aims to support the government’s GST rollout in July and plans to open data centres in the country. Analysts welcomed this move.

Oracle Launches Cloud Computing Service For India

Technology giant Oracle has launched its cloud computing service for India, which aims to support the government’s GST rollout in July and plans to open data centres in the country. Analysts welcomed this move.

Nightmare On IT St: Thousands To Be Sacked

Infosys, Tech Mahindra and Wipro, which went on hiring frenzies when times were good, are today in the process of laying off thousands of their workers across various locations and experience levels. Industry watchers believe that more layoffs are inevitable.

Indian IT Eyes Crores Of Rupees In Revenue As Firms Rush To Get GST-Ready

India’s information technology (IT) industry is likely to benefit in a big way as the goods and services tax (GST) roll-out leads to companies spending a few thousand crores of rupees in becoming GST-ready.

Tech Mahindra Delays Appraisals For Senior Staff As Trump Heat Adds To Worries

India’s famed multi-billion dollar information technology (IT) industry has been facing challenging times over the past 6-12 months with top-notch IT companies already facing earnings pressures in recent quarters due to tough business environment prevailing in their most lucrative US and European markets.

Trump Visa Crackdown Prods IT To Create US Jobs

With President Donald Trump making it abundantly clear that he will curb immigrant work visas to protect domestic jobs, technology outsourcing firms such as Tata Consultancy Services, Infosys and Wipro are focusing on localisation and hiring more Americans to serve their clients in the U.S.

Greyhound Radio with Rajesh Janey, Dell EMC

Catch Rajesh Janey, President and Managing Director, Dell Enterprise India, Dell EMC in an exclusive conversation with Sanchit Vir Gogia, Chief Analyst & Group CEO, Greyhound Research on our executive dialogue series, #ONTrigger.

Listen to the podcast here or on iTunes / SoundCloud:

Part 1 of 5

After Google, Uber Launched UberEats In India

Google App recently launched Hyperlocal Services App Aero. The App had been launched in the cities of Bangalore and Mumbai. Currently it aggregates food delivery, beauty, home maintenance, household repairs, fitness training as well as physiotherapy. Following the launch of Aero, Uber also launched UberEATS to rival services offered by Google, Zomato, foodpanda and Swiggy.

Bored Of Zomato, Foodpanda? UberEATS Launched In India

On-demand technology-based cab hailing services firm Uber launched UberEATS – a food delivery service similar to foodpanda, Swiggy and Zomato– on Tuesday to tap what it claims is an $15 billion unorganised sector in India.

Uber Bites Into Tough-Nut-To-Crack Food Delivery Market

Cab-hailing giant Uber has entered the $15-billion food delivery market in India even as multiple startups shut shop and existing ventures such as Swiggy, Zomato and Foodpanda continue to bleed.

Realigning To New H1B Realities: Infosys Announces Hiring Plans For US

On May 2, 2017 Infosys announced plans to hire 10,000 American workers over the next two years. 

At Greyhound Research we believe, steps such as these by IT Services Providers eloquently tell a tale of the pressure they are experiencing under the new Trump administration.

Greyhound Radio: Bringing Digital Transformation Home

Below is the replay of a recent Panel Discussion led by Sanchit Vir Gogia on the topic: Bringing Digital Transformation Home at Dimension Data Leadership Connect 2017.

Listen to the podcast here or on iTunes / SoundCloud:

Prefer seeing the video? No Problem! Click the TV icon at the end of this sentence to watch the replay in video format on Greyhound TV.    desktop

Greyhound TV: Bringing Digital Transformation Home

Below is the replay of a recent Panel Discussion led by Sanchit Vir Gogia on the topic: Bringing Digital Transformation Home at Dimension Data Leadership Connect 2017.

Watch the video here.

Dell EMC On Track To Serve Digital Transformation Opportunities

Dell Technologies, the company that was formed when Dell Inc. acquired EMC Corp. for $67 billion, remains bullish on its “long-term” growth prospects.

Era Of AI: Infosys’ Mana Eliminates Need For Lawyers To Process Contracts

Infosys has deployed its artificial intelligence (AI) platform ‘Mana’ to process contracts for a bank in Asia that typically needed a team of 10-15 dedicated lawyers.

Is This Flipkart’s Last Fundraise On Road To IPO?

India’s largest e-commerce company Flipkart’s recent fundraise of $1.4 billion (around Rs 9,000 crore), the biggest-ever in the country’s burgeoning consumer internet sector, has undoubtedly filled its coffers for now, but it also begs some important questions. Will this be the company’s last round of external funding as it looks to turn profitable? Is a stock-exchange listing by 2019 Flipkart’s next destination?

Trump Begins Clampdown On H-1B Visas

In a fresh blow to software professionals, the Trump administration has moved to bar entry-level programmers from the H-1B visa programme.

WNS Gets Deeper Into Healthcare With Tuck-In Buys

NYSE-listed Business Process Management (BPM) company WNS was always on the lookout for niche and tuck-in acquisitions to augment its capabilities, and the latest in the series is not much different. The focus of the two recent acquisitions was to strengthen its healthcare and insurance verticals.

Uber Drivers Are Just An Unhappy Lot In This Country

Uber’s desperate attempt to turn India into its next big market isn’t chugging along smoothly.

India’s 3rd Biggest E-Commerce Firm Snapdeal Is Cutting 600 Jobs, And There Could Be More To Come

The e-commerce industry in India has received another blow. On Wednesday, India’s third biggest e-commerce firm Snapdeal announced that it will be laying off employees. Though the company refrained from giving out exact numbers of people to be given the pink slip, industry insiders expect it to be in the range of 400 to 600.

Indian CEOs Are Far Behind The US Ones In Severance Pay Packages

Indians are way behind the USA, when it comes to severance package doled out to the CXOs. Compared to 3-5% Indians getting the severance pay as a safeguard clause in their contracts, it’s almost 60-70% in the USA. The scenario came to light when the exit of Infosys CFO Rajiv Bansal happened. It has been reported that the departing Infosys CFO was gifted the “so-called golden parachutes”.

Golden Parachutes Start To Land In Indian Tech CXO Contracts

Departing Infosys CFO Rajiv Bansal’s hefty severance package was one of the central issues in the row that broke out between the company’s founders and its board, but East is far behind the West in offering so-called golden parachutes to CXOs. However, the concept is said to be fast catching on as companies increasingly hire executives from overseas.

Rs 1.25-Cr Uber Package: Delhi Student’s Offer Matches Silicon Valley Salaries

A starting salary of Rs 1.25 crore per annum to a Delhi student matches the average pay package of American software engineers but is still 40-50% more that what Indian techies working in the US earn.

TCS To Decide On Share Buyback Next Week

India’s largest software exporter TCS said it will consider a share buyback at a board meeting next week.