Manish Dugar, chief financial officer at mobile ad network InMobi, has quit the startup to join Bengaluru-based healthcare services provider Practo Technologies, several people familiar with the development told PTI. The exit of Dugar is a reflection of the mobile advertising network’s struggle to survive fierce competition from the likes of Google and Facebook. According to these people, InMobi has […]
» Read moreMicrosoft has seen higher rate of adoption of cloud services in the country after setting up local infrastructure and is now aiming for a market share of more than 40% in the next fiscal in this segment, a top company executive said. The growth in cloud services has been driven by small and medium businesses (SMB) and startups, along with […]
» Read moreHero Group’s electronics manufacturing company Hero Electronix has made a strategic investment in Bengaluru-based Tessolve Semiconductor. The Rs 300-crore Hero Electronix will hold a majority stake in the company by the end of this year by buying out other stakeholders in Tessolve over the next several months. With this acquisition, Delhi-based Hero plans to take a deep dive into electronics […]
» Read moreIndia’s information technology industry is expected to post the seventh straight year of improving productivity, as automation adds to efficiency and drives down hiring rates among software services companies. The industry is estimated to have required 16,055 engineers to generate every additional $1 billion of export revenue in 2015-16, compared with 31,846 engineers in 2009-10, according to Nasscom data — […]
» Read moreIntel, the world’s largest microprocessor maker, will shed up to 12,000 jobs worldwide in a massive restructuring effort to reduce its dependence on the personal computer market which is witnessing sluggish growth. Intel employed about 107,300 staff members at the end of the last year. The restructuring will eliminate about 11 per cent of the Intel workforce by mid-2017. Intel […]
» Read moreAirbnb, the world’s leading community-driven hospitality company, has announced a strategic partnership with the Times Group. The tie-up is part of Airbnb’s plans to focus on developing the Indian travel market. The Times Group will drive awareness of Airbnb accommodations, and help the San Francisco-based company create a localized presence for India, leveraging the group’s vast network of media and […]
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