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Tuesday, 10 March 2020

Accel Partners leads $3 million funding round in online events hosting platform Airmeet

Venture Highway, Global Founders Capital and angel syndicates, CloudCapital, Better Capital, 100x Entrepreneur Fund and Sequoia Scout have also participated.

from Tech-Economic Times https://ift.tt/2IxFV0z

Monday, 9 March 2020

Core business transformation driving services growth at IBM

All companies were becoming technology and platform companies in their own right, as they figure out what business platforms they will compete on and the technology that will drive their businesses.

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Infosys asked to fix snags in GSTN within 15 days

The government has written to Infosys co-founder and non-executive chairman Nandan Nilekani to look into the technical issues in the Goods and Services Tax Network , which have led to payment delays and caused anguish to genuine taxpayers. A resolution plan has been sought within 15 days.

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Twitter's Jack Dorsey keeps job after deal with Elliott, Silver Lake

The agreement will keep Dorsey atop Twitter at a crucial time for the social network. It also avoids a potentially costly fight with Elliott, the $40 billion hedge fund that has successfully shaken up many corporate boardrooms. It also brings on board Silver Lake. Silver Lake agreed to invest $1 billion in Twitter, money that would help finance the buyback of $2 billion worth of stock.

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Covid-19 bugs Indian IT's travel, hospitality clients

Analysts see big impact as travel and hospitality firms defer spending in new tech projects as well as bargain for lower prices in existing projects. IT services exporters, especially mid-tier firms, are going to be “hit hard” given their higher exposure to the vertical, analysts said.

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Infosys sacks employees arrested for taking bribes

“Infosys is aware of the allegations against certain employees who have been found violating the company’s policies. The employees have been terminated, after a thorough internal investigation,” Infosys said in a statement. “Infosys takes any breach of its policies and code of conduct seriously and we are fully cooperating with the authorities,” the company added.

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Sunday, 8 March 2020

Nandan Nilekani gets govt summons over persisting GSTN glitches

According to the report, the failure happened despite summons to senior company executives by revenue secretary A B P Pandey, prompting the finance ministry to take up the issue with Nilekani over a month ago. Finance minister Nirmala Sitharaman has also held discussions on the issue, discussing the GST Network, as well as Infosys’s role.

from Tech-Economic Times https://ift.tt/2PZtizy