Category: IT Services

Oracle founder Larry Ellison already owns an island in Hawaii. Now, his company is building a high school next to its Silicon Valley headquarters to help fulfill Ellison’s desire to teach students more about technology and problem-solving. The plan unveiled at an Oracle customer conference calls for the business software maker to complete the 64,000-square-foot school by August 2017. Although […]

HCL Technologies will buy Swedish commercial vehicles major Volvo Group’s external IT business for $138 million (around Rs 895 crore) in an all cash deal. Volvo Group will also outsource its IT infrastructure operations to HCL Technologies for an undisclosed contract value for five years. The Volvo Group and HCL have signed a letter of intent, awaiting the signing of […]

Google will take a minority stake in Beijing-based artificial intelligence firm Mobvoi as part of a $75 million fundraising round, the startup said on Tuesday, as the US search giant tries to rebuild its presence in China. Mobvoi works on artificial intelligence (AI) voice-controlled software, like that used in Google’s Android products for mobile search, and also develops hardware like […]

Mumbai: Country’s largest software firm TCS today increased its hiring target to 75,000 from 60,000 for this fiscal and said attrition level has come down marginally for the company. The attrition rate has stabilised during the second quarter and stood at 16.2% compared to the previous three months, the company said, adding it is working on more steps to further […]

Bengaluru: Infosys has handed out 2,000-odd promotions to its top-performing employees and increased variable payouts, following consecutive quarters of industry-leading growth. India’s second-largest software exporter promoted 2,067 employees, after posting forecast-beating second-quarter numbers that overshadowed a lack-lustre performance from larger rival Tata Consultancy Services on Tuesday. Infosys increased variable payouts for the July-September quarter to 100% from 80% — it […]

Bengaluru: Rajiv Bansal, EVP and the CFO of Infosys, has resigned from the company. Ranganath Mavinakere, EVP and head of strategic operations and CEO’s office, has replaced him. Bansal will continue as an advisor to the CEO and the Board through December 31 to provide a smooth transition. He was responsible for corporate finance, business finance, operations planning and assurance, […]