Infosys Foundation donates Rs. 56 cr. to promote research

International Institute for Information Technology and Indian Institute of Science in the city are among the eight leading academic institutions selected by Infosys Foundation to set up faculty chairs. The philanthropic arm of India’s second largest software exporter has 11 faculty chairs in eight leading academic institutes across India to promote research. These chairs also provide advanced training and support […]

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Report: IBM Germany considering up to 3,000 layoffs

IBM is considering laying off up to 3,000 German employees, or 18% of its staff in the country over the next two years, business magazine Wirschafts Woche reported, quoting a union leader on the company’s supervisory board. An IBM spokesman declined to comment on what he said were “rumors and speculation”. The Verdi service union believes 2,500 of the potential […]

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Delhi boy gets Rs 1.27 crore offer from Google

Delhi boy Chetan Kakkar has set a new record for international placement for Delhi Technological University (DTU) by grabbing an offer of $1,90,000 (Rs 1.27 crore approx) per annum from Google. An alumnus of Springdales, Pusa Road, Kakkar said DTU campus has made a great difference to his prospects. Kakkar’s parents are teachers at Delhi University. Rita Kakkar is in […]

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Google relaunches Google+ social network

US internet colossus Alphabet has revamped Google+ online social network focused on people’s interests, and tuned for smartphones or tablets. “We’re starting to introduce a fully redesigned Google+ that puts Communities and Collections front and center,” director of streams Eddie Kessler said in a blog post yesterday. “Now focused around interests, the new Google+ is much simpler.” Google’s social network was […]

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Infosys partners with Europe’s largest startup accelerator Level 39

Infosys has entered into a partnership with Europe’s largest technology accelerator, Level 39, to engage with startups working at the convergence of financial services and technology. Level 39 is located in the heart of Canary Wharf in London and is part of real estate major Canary Wharf Group. Level 39’s tenants include a host of technology, media and telecommunication companies […]

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Facebook shares hit record adding $2.4B to Zuckerberg fortune in 15 minutes on earnings bonanza

Facebook Inc. shares rose to a record after the company notched another quarter of revenue that beat estimates, thanks to stepped-up mobile-advertising efforts. The stock rose 4.8 per cent to US$108.94 at 10:29 a.m. Thursday in New York. The shares reached as high as US$110.65, their intraday record since going public in May 2012. The gain gave Facebook a market value […]

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