BUSINESS
Competition watchdog orders investigation into Google’s Android TV business in India
The commission has also directed the Director General to complete and submit the investigation report in 60 days in the order dated June 22, 2021.
BUSINESS
Infosys assures FM of more assistance to resolve new income tax portal glitches
While the company said that many of the issues have been fixed, it assured that their teams were working on these issues such as e-proceedings, and viewing of past ITRs, which are expected to be resolved in about a week.
BUSINESS
What does 5G rollout implementation partnership with Airtel mean for TCS?
Telco giant Airtel and Tata Group’s IT arm TCS entered into a partnership for implementation of 5G solutions. The move is expected to help the latter strengthen its capability and scale and the former reduce the cost of the deployment, according to analysts.
BUSINESS
Institute of Chartered Accountants for India form seven member task force to analyse glitches in e-filing portal
The ICAI along with Infosys that developed the portal, and Central Board of Direct Taxes were a part of the meeting with the Ministry of Finance on Tuesday to discuss the glitches in the new income tax portal that went live on June 7, 2021. The meeting was chaired by the Finance Minister Nirmala Sitharaman and other top officials.
BUSINESS
Why Indian IT struggles with India government projects
Industry executives Moneycontrol spoke to said factors like undefined scope, inflexible milestones, delay in payment, and lack of ownership from government are some of the reasons.
BUSINESS
Infosys to roll out salary hikes effective July 2021
The company had rolled out salary hikes effective January 2021. Earlier, its Bengaluru-based peer Wipro too announced wage hikes effective September 2021. The move comes at a time when there is huge demand for talent.
BUSINESS
Infosys COO says several e-filing portal glitches resolved, 1 lakh returns filed so far
“As new functions are introduced in this complex platform we have observed concerns related to filing forms, e-proceedings among other areas. Our project team is working to resolve this to ensure seamless experience for the users,” COO Pravin Rao said.
BUSINESS
Infosys AGM | We won't rest on our laurels but will seize the moment: Nandan Nilekani
“While a challenging 2020 has ushered in a 2021 fraught with uncertainty, one thing is clearly evident: Infosys is well-positioned for another year of market-leading performance in a post-pandemic, cloud-first, distinctly digital era," Nilekani said in his speech.
BUSINESS
Facebook, WhatsApp list law firm's address for grievance redressal
The microblogging platform Twitter has come under fire for listing a partner at a law firm, Dharmendra Chatur, as the interim government officer.
BUSINESS
Wipro to roll out salary hike for 80% employees effective September 2021
This is the second hike in the calendar year. This comes at a time when there is a huge war for talent.
BUSINESS
ShareChat parent to buy back ESOPs worth $19.1 million
This is the firm's first buyback announcement. Nearly 200 existing and former employees with vested options are eligible to participate in this process and can sell up to 100 percent of their vested shares in the present stock valuation
TRENDS
10 interesting things about Satya Nadella's astonishing rise from a young engineer to Microsoft chairman
In 1992, Nadella joined Microsoft as an engineer and was among the few Indians who were promoted to the executive role in 2000. In his book Hit Refresh, Nadella pointed out that despite many top-performing Indians, there were no Indian Vice Presidents in the organization.
BUSINESS
Vishal Sikka's Vianai raises $140 million led by SoftBank Vision Fund 2
The Palo Alto-based artificial intelligence startup will use the capital to accelerate the delivery of its human-centered AI platform and products to enterprises worldwide, the company has said.
BUSINESS
Report on 3 million jobs losses incorrect, IT sector hired 1.38 lakh in FY21: NASSCOM
The clarification came from the Indian IT industry body NASSCOM after report that robotic process automation will lead to 30 percent reduction in low-skilled jobs by IT outsourcing firms. The sector will continue to be a net hirer in 2022 and set to become $300-350 billion industry by 2025, the agency added.
BUSINESS
H1-B visa | Will COVID-19 third wave mar techies American dream?
Indian H-1B visa holders waiting to travel to the US are unsure how 2021 will pan out amid the raging second wave of the pandemic
BUSINESS
Clubhouse expands its creator accelerator programme to India
The programme was first launched in the US in March and India is the second country where it was launched. The application is open on June 16, which will be reviewed on a rolling basis. The first window is closing at July 16, 2021.
BUSINESS
Explained: Has Twitter really lost its safe harbour protection in India?
Can Twitter really lose its legal shield? What does it mean to lose intermediary status? Can it really be considered non-compliance of new IT rules when they have been challenged in Indian courts? Most of all what does it mean for the users? This explainer is an attempt to answer those questions and more.
BUSINESS
Accenture to acquire German firm umlaut to bolster engineering, services play
According to analysts, while this move will scale Accenture’s capability in the engineering services space, it could impact top Indian IT services firms in winning large deals
MCMINIS
What is CDN and why is it important?
TECHNOLOGY
Alleged data breach affecting 150 million Indians on Co-WIN is baseless: RS Sharma
We continue to take appropriate steps as are necessary, from time to time, to ensure that the data of the people are safe with Co-WIN, RS Sharma has said on data breach incident.
BUSINESS
Wipro appoints former Yes Bank executive Anup Purohit as Chief Information Officer
The other critical hires at Wipro in recent months include Subha Tatavarti, its Chief Technology Officer, Stephanie Trautman, who will be the chief growth officer, a new role created to drive large deals momentum, and Pierre Bruno, who will be heading Europe, which is one of the key focus areas for the company.
MCMINIS
No dearth of demand for tech talent
TRENDS
Wipro’s Thierry Delaporte highest paid CEO, races past TCS and Infosys
Wipro’s Thierry Delaporte drew Rs 64 crore ($8.8 million) for FY21, making him the highest paid CEO in IT compared to his peers in Infosys' Salil Parekh at Rs 49.68 crore and TCS' Rajesh Gopinathan at Rs 20.4 crore.
BUSINESS
EXCLUSIVE: Koo to launch Twitter Spaces-like audio feature in a month
The company’s move to start an audio feature comes at a time when the social audio apps are gaining popularity. For instance, India is the largest Android market for Clubhouse with over 10 lakh users in the start of June 2021.
