Founded in 1981, Infosys is the torchbearer of India’s IT revolution. It is India’s sixth largest publicly traded company and currently employs 180,000 employees in offices scattered across the country.
Its Mysore campus is a proud testament to the company’s values and its soaring ambition. It is spread over a sprawling 350 acres in the green environs of Mysore.
Move over 10% hikes and prime parking spots. A Chinese company has just gone all out to reward its star performers. Top performing employees at Qihoo 360, a cybersecurity based out Beijing, will be rewarded with package that includes a trip to Bali and a new Porsche 911 – and an opportunity to spend the night with Japanese porn star Julia Kyoka.
Snapdeal has had an eventful year. It has been growing at a frentic pace, having raised its headcount by 5 times and building a swanky new office in Gurgaon. Its valuation has increased from $2 billion to a cool $4.7 billion. But worryingly, the company has also seen a corresponding increase in its losses – Snapdeal incurred a loss of Rs. 1350 crore over the past year, a five fold increase over its loss of Rs. 264 crore last year.
Chinese phonemaker Xiaomi is solidifying its push into the Indian tech ecosystem. After having announced that it would build a manufacturing facility in Telangana, the company is now looking towards India for developing software for its phones.
Chinese internet workers are a pretty efficient lot. They’re building cutting-edge software, founding world-class companies, and in their spare time, hacking a US website or two. But they are facing a problem familiar to engineers the world over – their offices are, erm, sausage fests.
E-commerce companies aren’t just fiercely competing with each other in trying to woo the fickle Indian consumer. They’re also going all out to attract employees, and are doling out sops by the dozen to make their offices better places to work. After Flipkart announced a slew of initiatives that were designed to improve employee satisfaction, and Snapdeal came up with a spanking new office last week, Jabong has entered the fray, announcing an onsite creche facility in its office.
The Indian office worker has never had it so good.
A month after Flipkart had people swooning over its new Bangalore office, Snapdeal has come up with a swanky new workplace of its own. Located in a sprawling 450,000 sq. ft campus in Gurgaon, it can house close to 4,500 employees.
Barely a week after reports emerged that Housing.com would be firing 600 of its 2600 employees as a part of a restructuring, the company today announced that it has acquired Bangalore-based customer relationship management software company HomeBuy360. This is Housing’s 3rd acquisition this year, after having previously acquired real esate forum IREF and Realty BI, a data analytics company in the real esatate sector.
Google came up with some staggering news today. It announced that it was restructuring its operations and renaming itself Alphabet. Google would now be a part of the Alphabet corporation, which would also contain within itself some of Google’s more futuristic ventures, such as Google Fiber, Calico, and Google X.
Microsoft had a suitable response.