INDIAN TECH COMPANIES SHYING AWAY FROM GOVERNMENT PROJECTS

New Delhi: Other than the goods and services tax, which is now mired in political wrangling, Indian technology firms are turning their backs on most government projects, industry executives said, leaving the possibility that the technology backbone of the government’s ambitious Digital India programme could see little Indian participation. “There are still lots of problems to iron out. The industry […]

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Apple spends $700,000 a year to keep Tim Cook safe

Apple spends nearly $700,000 (about £450,000) a year to protect CEO Tim Cook. Patently Apple pulled the figure from Apple’s Schedule 14A report with the US Securities and Exchange Commission. In full, the report stated (emphasis our own): “This amount represents: (i) the Company’s contributions to Mr. Cook’s account under its 401(k) plan in the amount of $15,600; (ii) Company-paid […]

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IBM to acquire Merge Healthcare in $1 billion deal

New Delhi:  IBM said it would buy medical image company Merge Healthcare in a $1 billion deal and combine it with its newly formed health analytics unit, which is powered by its famous Watson supercomputer. IBM plans to combine data and images from Merge Healthcare’s medical imaging management platform with Watson’s cloud-based healthcare computing system. The system analyzes high volumes […]

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Accenture India appoints Rekha Menon as chairman, Anindya Basu as MD

New Delhi: Global technology and consultancy giant Accenture on Friday said it will elevate Rekha M Menon as chairman of its India operations. It has also roped in Anindya Basu as the country managing director (MD) in India. These appointments are effective August 21, 2015, Accenture said in a statement. Menon is currently MD, human resources, for company’s growth markets […]

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HTC announces job cuts

TAIPEI: Taiwanese smartphone maker HTC Corp said it would cut jobs and discontinue models as part of its strategy to focus on high-end devices to better compete with the likes of Apple Inc and Samsung Electronics. “The cuts will be across the board,” CFO Chialin Chang told reporters after HTC reported a second-quarter loss and forecast another for the third-quarter. […]

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Why fresher hiring is going down in Indian IT

BENGALURU | NEW DELHI: Age is catching up with India’s information technology industry and its top companies. The showpiece sector, which for the better part of the past three decades boasted the youngest workforce brimming with baby-faced engineers, is now showing strands of grey hair as technology and business models of companies undergo rapid transformation. Over the past five years, […]

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