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Union Budget 2018
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RIL plans Rs 60,000 crore integrated industrial area in Maharashtra
Mon, Feb 19, 2018
The event is Maharashtra’s first global investors summit, with an objective similar to the Prime Minister’s Make In India initiative.
I-T busts refund fraud, claims nexus between employees of top companies, CA
Thu, Jan 25, 2018
The Income Tax Department today claimed to have busted a racket of extracting fraudulent tax refunds by employees of bellwether companies like IBM, Vodafone and Infosys in alleged connivance with a Chartered Accountant (CA) in Bengaluru, the IT capital of the country.
Ericsson scraps push for new clients beyond telecoms
Tue, Jun 27, 2017
The Swedish firm`s clients in its core business include Vodafone and Verizon but profits have plunged due to competition from Nokia and China`s Huawei and as telecoms companies make savings. Its shares have fallen 30 percent in two years.
Excited to keep investing, growing in India, says Amazon CEO Jeff Bezos
Mon, Jun 26, 2017
Amazon CEO Jeff Bezos during his recent meet with Indian prime minister Narendra Modi in the US has said that his meeting with Modi was terrific and he was excited to keep investing and growing in India.
Amidst ‘robust’ layoff rumours nine IT companies in India make it to LinkedIn’s Top Companies 2017 list
Thu, May 18, 2017
Despite rumours of massive layoffs and a bleak future at IT companies considering automation and protectionist attitudes of the west, Indians are still looking for jobs in these companies.
Cisco Systems to further lay off 1,100 employees
Thu, May 18, 2017
The technology company had earlier announced the restructuring plan in August 2016 to reinvest in "key priority areas" and part of it was to lay off up to 5,500 employees, or 7 per cent its workforce, Xinhua reported on Thursday.
Bengaluru-based hiring start-up firm Belong.co raises $10 million; Sequoia Capital leads funding round
Tue, Feb 28, 2017
Recruitment start-up firm Belong.co has raised $10 million (nearly Rs 66.53 crore) in recent funding round led by venture capital firm Sequoia Capital India.
From waiting seven years for a green card to selling his company to Cisco for $3.7 billion; here is Jyoti Bansal’s story
Sat, Jan 28, 2017
The Indian-American entrepreneur, Jyoti Bansal, who hailed from Delhi’s IIT college has been commended on selling his company –AppDynamics to IT major Cisco for $3.7 billion. Former H1-B visa holder, arrived in America in the year 2000 and waited seven years for a green card.
Cisco to buy AppDynamics for $3.7 billion to go beyond core business
Wed, Jan 25, 2017
The traditional software company has been trying to shift its strategy beyond its core networking business to other technology.
Microsoft, Qualcomm invests in Team8 a cybersecurity start-ups
Mon, Jan 09, 2017
"A large part of companies created won`t get to the finish line," Nadav Zafrir, Team8 chief executive and former commander of the Israeli army`s technology and intelligence unit 8200, told a news conference.
Demonetisation just a bump; India to maintain 7% GDP growth: Cisco
Mon, Jan 09, 2017
Describing demonetisation as only a "bump", Cisco Executive Chairman John Chambers on Monday said India is well-positioned to maintain gross domestic product (GDP) growth rate of over 7% for the next few years and it should be a "top ally" for the US in the Asia Pacific region.
Networking titan Cisco cuts 5,500 jobs as profit climbs
Thu, Aug 18, 2016
The corporate restructuring aims to cut expenses in "lower growth areas" and shift the money into Cisco priorities such as security, cloud computing, data centers, and the internet of things, according to Robbins.