F C Kohli, the first chief executive of TCS, today rebutted ousted chairman Cyrus Mistry's claim that Tata Group at one point wanted to sell the software major, now considered its crown jewel, to global tech giant IBM.
Cyrus Mistry has commented on an issue he was not fully aware of, says Senior Advocate HP Ranina. FC Kohli is the best person to ask on this subject.
"It is important to set the record straight since insinuations and leaks are being made explicitly to create an illusion that Mistry was a 'hands off' chairman and TCS/JLR were on 'auto-pilot' during his leadership," Mistry's office said in a five-page letter today.
IT companies have been forced to be more modest on a slew of detrimental factors and it is the spends on research and development which stand to get affected in such trying circumstances.
"Government has selected 11 companies for the provisional empanelment of Cloud Service Offerings of Cloud Service Providers," Minister of State for IT and Law PP Chaudhary said in Lok Sabha.
Sanovi Technologies is a privately held company that provides hybrid cloud recovery, cloud migration and business continuity software for enterprise data centres and cloud infrastructure, IBM said in a release.
Under Chandrasekaran's leadership, Tata Consultancy Services has stood its ground amidst formidable competition from the likes of Infosys, Tech Mahindra, IBM, Accenture, Wipro, HCL among others, he added.
The Union Ministry of Mines will be soon launching a mobile app that will alert authorities on illegal mining.
Speaking to CNBC-TV18, Farid Kazani, MD of Majesco said that one client-specific issue had an impact on Q2 numbers.
"As a cloud-native company, Sanovi will strengthen our resiliency portfolio to manage broad range of applications, data, and IT systems of our clients, balancing digital and hybrid cloud transformation with increased regulatory compliance," said Martin Jetter, Senior Vice-President, Global Technology Services, IBM, in a statement.
Watson, which shot to fame after winning television game show Jeopardy in 2011, is now being used across sectors, including assisting in treatment of cancer.
In an interview to CNBC-TV18, Anand Deshpande, Founder, MD & CEO of Persistent Systems said that intellectual property (IP) business is traditionally weak in Q2.
Tech giant IBM and Indian Angel Network (IAN) have partnered for technology innovations in startups where IAN portfolio companies and members will work with IBM to build thought leadership by leveraging design thinking workshops and IBM IX Studios programme.
"James brings proven leadership and a wealth of industry knowledge and expertise from his 25 years in industry... as we continue to grow our global business with a focus on helping our customers get ahead and stay ahead in this digital age," Tata Communications MD and Group CEO Vinod Kumar said in a statement.
"The joint IBM and Majesco offering is going to provide a secured global incubator for insurance companies to rapidly develop and launch cognitive products and services on the cloud for its clients", Farid Kazani, MD of Majesco told CNBC-Tv18.
The computer services and software company, which has struggled with flagging growth in its traditional business in recent years, said its industrial Internet business has surged to 6,000 paying customers from 4,000 at the end of 2015.
Based on IBM's cloud and analytics technologies and services, the centre will be located in Chennai. It has been funded through an IBM grant of USD 2 million.
The June 23 vote took many investors and chief executives by surprise, triggering the deepest political and financial turmoil in Britain since World War Two and the biggest ever one-day fall in sterling against the dollar.
Online marketplaces might be discovering that having a retail store also makes business sense. Having a presence in more than one channel is also a good hedge against slowing profits from any one medium.
The workshops will be held in 8 regions throughout India for a total of 24 workshops.
Despite having billions under their kitty, big corporates in India or elsewhere struggle against startup. Here are 10 reasons why.
From assigning employees to projects at large IT firms to playing the role of a doctor -- IBM's cognitive computing platform Watson is doing it all in India.
IT and Law Minister Ravi Shankar Prasad tweeted a news report that suggested that private companies such as Microsoft, IBM and others may be roped in by the IT ministry to provide cloud services to government departments.
The most important reason for such a turn of events is the Fed's recognition that any future monetary policy changes should be part of a medium-term (a period of one to five years) policy mix to stabilize a sharply slowing US economy.
The network aims to interconnect all institutions of higher learning and research with a high-speed data communication network, facilitating knowledge sharing and collaborative research and innovation.