Nandan Nilekani Returns To Infosys, Appointed As Chairman Of The Board

Nandan Nilekani Returns To Infosys, Appointed As Chairman Of The Board

Nearly a decade after Nandan Nilekani had left Infosys to work on government projects, he’s returned to the company he’d cofounded. Nilekani, now 62, has been appointed as the the non-executive, non-independent director and as the Chairman of the Board of Directors of Infosys with immediate effect. R Seshasayee has resigned as the Chairman of the Board and as a director on the Board, and CEO Vishal Sikka, who’d resigned last week, has now resigned as the Executive…

Paytm Must Change The Name Of Its Latest Product After A Notice From The Postal Department

Paytm Must Change The Name Of Its Latest Product After A Notice From The Postal Department

It’s common for companies in the same industry to quibble over the rights to use names and logos. Corporates are fiercely protective of their trademarks, and stop at nothing to get their competitors to using IP that belongs to them. But Paytm, India’s second most valuable startup, appears to have stepped on the toes of 150 year old institution. The Indian Postal department has sent Paytm a notice over the use of the term Postcard in…

Elon Musk Has Just Revealed What SpaceX’s Spacesuits Will Look Like

Elon Musk Has Just Revealed What SpaceX’s Spacesuits Will Look Like

Elon Musk doesn’t just want to take you to space — he wants to do so in style. Musk has just revealed what SpaceX’s astronauts will wear as they attempt to turn humanity into a multi-planetary species. SpaceX’s spacesuit design is a minimalist white with dashes of black thrown in — there’s an angular black lining near the collar, as well as prominent black shoulder pads. Keeping with space’s sartorial traditions, the American flag is also…

Facebook Is Currently Down For Millions Of Users, But There’s A Simple Way To Get It To Work

Facebook Is Currently Down For Millions Of Users, But There’s A Simple Way To Get It To Work

Millions of people around the world are currently unable to hear of updates of their friends’ weddings or view pictures of cats. Facebook appears to be down for many of its 2 billion users, who’ve now taken to alternate forms of social media to voice their displeasure. Twitter, in particular, is currently full of posts complaining about the outage. Everyone who can't access Facebook right now. #facebookdown pic.twitter.com/k5Fh26BQ9l — Clarissa Phillips (@clarissap83) August 23, 2017…

Here Are The Features Reliance Will Provide In Its Rs. 1,500 JioPhone

Here Are The Features Reliance Will Provide In Its Rs. 1,500 JioPhone

For a “free” phone, Reliance’s JioPhone will pack quite a punch. The Rs. 1,500 handset, which was announced by Mukesh Ambani during Reliance’s AGM nearly a month ago, is not going to be barren, basic phone that many had believed — the phone will have a front-end selfie camera, 4GB of memory, and even support for navigation through maps, 91mobiles has reported. The additional features will only add to the hype around the phone, which Reliance has…

Indian-Origin Professor Gets Blocked By Google; Blog Taken Down, Gmail Account Frozen

Indian-Origin Professor Gets Blocked By Google; Blog Taken Down, Gmail Account Frozen

Google’s free services are pervasive, but as statistics professor Salil Mehta found out, they come with their own set of pitfalls. Salil Mehta is an adjunct professor at Columbia, and runs a popular statistics-based blog. On Friday, he discovered that his Blogspot blog — which had 150k subscribers and had been read 27 million times — had been taken down by Google. To make matters worse, his Gmail email had also been disabled. “I was completely shut…

MakeMyTrip Now Spends More On Promotions Than It Earns In Net Revenue

MakeMyTrip Now Spends More On Promotions Than It Earns In Net Revenue

If you thought Indian startups were struggling to be operationally profitable, established companies are faring no better. MakeMyTrip spent more money on sales and promotion activities than it made in net revenues last quarter, a report from Nomura has said. MakeMyTrip’s marketing and sales promotion expenses rose to $142.3 million (Rs. 900 crore) last quarter. Through these promotional costs, MakeMyTrip was able to earn net revenues of only $141.2 million. The net revenues was the money…

Infosys Investors Lose Rs. 30,000 Crore As Sikka, Board And Narayan Murthy Trade Accusations

Infosys Investors Lose Rs. 30,000 Crore As Sikka, Board And Narayan Murthy Trade Accusations

Even as Vishal Sikka, Infosys’ board and founder Narayan Murthy trade insults, Infosys investors have lost over Rs. 30,000 crore — Infosys stock has crashed 10% since the news of Sikka’s resignation was made public. Earlier today morning, Infosys CEO Vishal Sikka announced his resignation. He also published a remarkably candid blog explaining his decision. ” I cannot carry out my job as CEO and continue to create value, while also constantly defending against unrelenting, baseless/malicious and increasingly…

Vishal Sikka Has Resigned As Infosys CEO Citing “Personal Attacks”, Shares Down 7%

Vishal Sikka Has Resigned As Infosys CEO Citing “Personal Attacks”, Shares Down 7%

Vishal Sikka’s tumultuous reign as Infosys CEO has come to an end. Sikka has resigned as the Chief Executive Officer and Managing Director of Infosys. Pravin Rao has been appointed as the interim CEO. In a letter to stock exchanges, Company Secretary AGS Manikantha confirmed the development, saying the resignation was accepted at a board meeting on August 18. Sikka will now be the executive vice-chairman of the company. “The succession plan for appointment of…

Uber’s Self Driving Head Wanted To “Call Elon Musk Out On His S**t” Over Tesla Claims

Uber’s Self Driving Head Wanted To “Call Elon Musk Out On His S**t” Over Tesla Claims

While the world was agog when Elon Musk had made his announcements about Tesla’s self driving car last year, the engineers over at Uber were less than impressed. A series of text messages between Travis Kalanick and Anthony Levandowski, the former head of Uber’s driverless car project, show that the duo were dismissive of the claims made by Elon Musk over Tesla’s self-driving capabilities. These SMSes have been released as a part of a court case…

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