Category: Business

Microsoft on Thursday announced a shake-up in its top ranks, including the departure of long time chief operating officer Kevin Turner for a new job. Microsoft chief executive Satya Nadella said that five executives will divide the duties held by Turner, who played a pivotal role over the past decade as Microsoft shifted from packaged software to programs offered as services […]

Twitter said it had appointed former Facebook chief technology officer Bret Taylor to its board, effective immediately. Taylor is currently the chief executive of startup Quip. Taylor became the CTO of Facebook after it acquired FriendFeed, the social network he co-founded in 2007.

US biotech company Monsanto and Microsoft have announced a partnership to invest in agricultural technology startups in Brazil. Monsanto will join a Brazilian investment fund with up to 300 million reais ($92 million), managed by Microsoft, evaluating ideas for new digital tools to be applied to agricultural production in the country, executives said. Selected ideas will receive initial funding of up to 1.5 […]

Staffing companyTeamLease Services today said it will acquire ASAP Info Systems for an enterprise value of Rs 67 crore. The Bengaluru-headquartered ASAP Info Systems offers IT staffing solutions to various MNCs and domestic companies, with over 1,000 associates and 171 core employees as of date. “The transaction, which will be immediately accretive to TeamLease’s earnings per share, will be financed […]

A US-based research firm is predicting that India’s IT services industry will lose 6.4 lakh “low-skilled” jobs to automation in the next five years, quantifying the extent of likely pain for the first time, but Indian industry experts are urging caution and point to the other side of the coin — the creation of new jobs in large numbers. By 2021, […]