Digital payments and commerce firm Paytm has acquired Delhi-based consumer behaviour prediction platform Shifu in an $8-million (Rs 53-crore) deal. Shifu is expected to enhance consumer experiences on the Paytm platform. “Shifu’s data and tools to predict consumer preferences and behaviour are very useful for a company like ours. We can serve a consumer in a more personalized and intimate […]
» Read moreChennai-headquartered ICT solutions provider Sify Technologies on Saturday announced that it will set up its largest global delivery centre (GDC) in partnership with Japanese ICT major Fujitsu Limited in the city. The company has acquired 1.5 acres in the Financial District and will be pumping in $20 million in the first phase of the project, Sify Technologies chief executive officer […]
» Read moreToshiba Corp is looking to cut up to 7,000 jobs, as it looks to streamline operations in the wake of an accounting scandal, the Nikkei business daily reported. Most of the 6,000-7,000 job cuts will be in the company’s lifestyle segment, which includes consumer appliances, the newspaper said. Toshiba is also looking to “drastically” reduce operations at its Ome factory, Tokyo, […]
» Read moreOla has appointed Rajiv Bansal as its chief financial officer (CFO). The former Infosys CFO will be joining Ola’s leadership team in January next year. Its current CFO Mitesh Shah will lead strategic finance initiatives as part of Bansal’s team. Bansal, who was a former EVP and CFO at Infosys, resigned from the second-largest IT services firm in October. He, […]
» Read moreFlipkart, India’s largest e-commerce company, has hired former Twitter executive Tarun Jain to head the products division of its online advertising business. Jain will be responsible for driving business strategy, product vision, roadmap, execution, partnerships and customer adoption. Jain has relocated to Bengaluru from San Francisco and will be reporting to entrepreneur-in-residence Ravi Garikipati. The ads business is headed by […]
» Read moreSAN FRANCISCO: Facebook Chief Executive Officer Mark Zuckerberg said on Friday he will take two months of paternity leave after his daughter’s birth, though he did not say when she is due. The 31-year-old, one of Silicon Valley’s most visible leaders, did not say who would be running the company while he is out. Facebook did not immediately respond to […]
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