US firms with H-1B staff have more chances of landing fundsUS firms with H-1B staff file more patents, generating significant economic value, according to a working paper by researchers for the National Bureau of Economic Research (NBER). A US based think tank said US tech startups that employ immigrant workers on H-1B visas have a higher chance of raising funds from venture capital firms.- How digitisation provides new business opportunities for technology providers in healthcareMapping and moving clinical data have always been challenging. Nudged by the Hi-Tech Act in 2010 that forced US medical records to get digitised, this is now a global trend across Europe and pockets of Asia, throwing open new business opportunities for tech providers. “90% of data in the US is now sitting in software systems.” says Jaddish Moorjani.
- Net worth ceiling to keep unicorns away from DVRsCurrently, there are more than 20 startups in India valued at over $1 billion .
- TCS plans to remove digital classification from its businessWith digital becoming part of most deals, CEO says firm may switch to traditional segmentation of services.
- Cost-wary tech majors ramp up onsite hiringOnsite hiring model could give Indian IT companies a competitive edge while cutting subcontracting costs.
- Many investors want in on suit: Phillip Kim, lead attorney on the lawsuitApart from Rosen Law Firm, 3 other US firms have put out notices for filing class action suits against Infosys.
- Infosys faces class action suit in US as regulators step up pressureThe exchange has asked the Bengaluru-headquartered company to provide an explanation on not making disclosures citing Sebi regulations even as Infosys braces for an inquiry by the US Securities and Exchange Commission (SEC).
- TCS launches blockchain-based multi-brand customer loyalty platform on R3’s Corda“An open, incentivized ecosystem can make trillions of loyalty points fungible as digital tokens," said Lakshminarasimhan (Lakshmi) Srinivasan, Global Head, Blockchain Services, TCS.
- Cloud data management company Rubrik opens R&D centre in Bengaluru“With the new R&D center, Rubrik is proving it’s unique dual development center strategy and strengthening strategic business and trade ties between the US and India,” said John Chambers, Board Advisor of Rubrik.
- Cognizant to double investment in technical educationCompany's CEO has asked its employees to pledge to learn one new skill each quarter.
- Digital, performance take top floor in TCS’ new pyramidTCS is also increasing the proportion of variable pay that’s linked to performance for experienced engineers.
- Despite Q2 blip, TCS feels double-digit growth doableInvestments in innovation-centric areas would help it to stand out as a differentiated player, said the CEO.
- Oracle India gets over 100 customers for 1st cloud data centre in MumbaiThe data centre in Mumbai is seeing faster adoption among customers in manufacturing, finance, small and medium businesses and startups, he said.
- Rising cyber security threats in manufacturingMetals, capital goods, chemicals and electronics industries are fast becoming prone to cyber security risks as investments in manufacturing systems that incorporate connected devices.
- Bithumb looking to engage with government for regulated exchangeThe company is looking to expand in India by partnering with local cryptocurrency exchanges.
- Tableau looking to expand in India in banking, government, retail, technology sectorsThe company was recently acquired by Salesforce for $15.3 billion.
- TMC MP Mahua Moitra seeks to implead herself in Aadhar-social media linkage caseMoitra has moved the Madras High Court, where the case is pending, in this regard.
- FPIs move MeitY against data bill, seek exemptionFPIs are mainly concerned about categorisation of all types of financial information as sensitive data under the new law.
- Tech Mahindra and Keysight collaborate to support 5G adoption by mobile operatorsTech Mahindra will use Keysight’s 5G protocol and radio frequency/radio resource management (RF/RRM) carrier acceptance toolsets, part of Keysight’s 5G network emulation solutions.
- TCS shares rise afterdeal with QNB groupShares of TCS rose after the deal announcement, closing 2.13 per cent higher at Rs 2087.80 on the BSE.
- SME digitisation platform GlobalLinker signs MoU with ThailandGlobalLinker estimates that the MoU will bring over 40,000 SMEs from Thailand & India on board the platform.
- Cops miffed over delay in response by social mediaIn Bengaluru, the cybercrime police, which has seen cases of crime using social media accounts triple in the past two years, is contemplating including Facebook as an ‘accused’ in cases where there is a delayed response from it.
- TCS needs more deals to touch 2-digit growthCEO Rajesh Gopinathan has said the second quarter would be crucial to maintaining double-digit growth this year.
- Are you in sync with IT Act, High Court asks WhatsAppWhatsApp counsel seeks an adjournment, citing SC order that High Court can hear, but cannot pass any ruling.
- TCS-General Motors deal may spur a new waveAutomotive cos that are facing so much disruption are now willing to engage with Indian IT services providers.
MORE- No blogs yet have been written by the author, we’re sure the author will contribute one soon
