3000 People To Be Laid Off At Infosys After RBS Cancels Contract
The Royal Bank of Scotland has cancelled a contract with the Indian IT giant that will see around 3000 job cuts and revenue losses of upto $40 million.
Category: News
Huffington Post Founder Arianna Huffington Leaves Company
In a startling announcement earlier this week, Arianna Huffington, 66, co-founder and editor-in-chief, The Huffington Post has said that she would step down from the company
SAP Joins A Host Of Companies In Ditching Annual Reviews
Europe’s biggest software maker SAP, which is known for making software used to grade the performance of millions of employees worldwide, is joining a host of companies in ditching its annual performance reviews.
We’re Looking At India As Our First Few Target Markets: Hyperloop Company
Hyperloop Transportation Technologies (HTT), a company that uses Elon Musk’s brainchild Hyperloop, is looking to India as one of its first target markets.
This Startup Uses Robots To Make Pizza
Zume is a startup operating from Mountain View, California, barely a few minutes away from Google’s headquarters. Although it is only a few months into operations, the model has the potential of thoroughly disrupting the pizza manufacturing and delivery world.
Sachin Bansal “Doesn’t Give A Shit” About Flipkart’s Valuation
Today, when the Economic Times published an article titled “10 per cent markup by Valic gives Flipkart reason to cheer”, Sachin Bansal had this to say.
Indian Working Women Will Soon Get A Mandated 26 Week Maternity Leave
The Indian government has just approved a bill (the Maternity Benefit (Amendment) Bill) to extend the mandated maternity leave from 12 weeks to 26 weeks in all organizations employing 10 or more people.
Flipkart’s Valuation Raised Again, This Time By Valic
Flipkart seems to have turned a corner as far as its valuation by investors is concerned. After Fidelity had raised its valuation by 2.7% two weeks ago, Flipkart has now had its valuation raised by mutual fund investor Valic, this time by 10%.
Exclusive: SAIF Partners Backed Care24 Fires 20 People From Its Mumbai Office
Care24, a SAIF Partners-backed startup, has fired around 20 people from its Powai office.