TCS increases CEO‘s monthly salary to Rs 15L

Tata Consultancy Services, India's largest software services exporter, said it has raised the chief executive N Chandrasekaran's maximum salary limit by 50% to Rs 15 lakh a month with effect from April 1, 2014, to "compensate for the additional business activities and responsibilities."  Including benefits and bonuses, TCS CEO...

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Cigniti Technologies acquires Gallop Solutions

Hyderabad-based Cigniti Technologies Limited, a software testing services company has announced the acquisition of Gallop Solutions Inc, a US based specialized software testing services company. The combined entity is poised to become the world's third largest independent software testing services company with revenues of $40 Million...

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IBM buys SoftLayer, creates new cloud division

International Business Machines (IBM) said on Tuesday it would acquire web hosting company SoftLayer Technologies and create a new division for clients interested in so-called cloud services, a move to better compete with larger rivals in the space.  Executives with IBM and SoftLayer declined to comment on the terms of the deal...

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Zynga to cut 30 jobs in India

Online gaming company Zynga is laying off at least 30 of its over 400 employees in India as part of a global restructuring. Globally, Zynga , creator of the once wildly popular FarmVille and City-Ville games, is laying off 520 employees, about 18% of its 3,000-strong workforce.  Zynga had not responded to a mail sent by TOI at...

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EBay to open ‘shoppable windows‘ in New York

The first four of these screens will open from June 8 through July 7 in busy parts of New York City, such as the lower east side and Soho. EBay Inc is launching virtual stores called "shoppable windows" this month that the e-commerce company hopes will help retailers generate more sales from their existing physical store networks.  The...

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Official says data show US cyberattacks on China

High-tech spying from inside China will top the agenda when President Barack Obama meets with Chinese President Xi Jinping this weekend in California. China's Internet security chief has told state media that Beijing has amassed large amounts of data about US-based hacking attacks against China but refrains from blaming...

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BlackBerry India MD: Don‘t have a portfolio like Samsung

A month into his new role, BlackBerry India managing director Sunil Lalvani says his company will not ape competition strategies of price drops or liquidating old stock, but will bet on offering value to drive its sales. The Canadian smartphone maker also has no intention to get into the $100 (approx Rs 5,600) device market in India,...

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Why banks‘ current defences are not foolproof

As most banks urge customers to shift to the virtual space, their ability to create fortresses against cyber aggresses has come into the spotlight. ET argues that banks' current defences against online fraud are not unbreachable. Two Indian payment processors, ElectraCard and Enstage, were in the spotlight recently for their alleged...

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How cloud computing is helping IBM, Salesforce

A decade ago, the mere idea of cloud computing was a difficult concept to explain, let alone sell. Today, the technology is spurring a high-stakes scramble to buy some of the early leaders in the cloud-computing movement.  The latest examples of the trend emerged as two major technology companies announced acquisitions aimed...

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See Michael Dell‘s advice to Indian entrepreneurs

"Be crazy and don't seek too much advice on what you propose to do," this is the mantra that Michael Dell, the man who founded the world's third largest PC making company -- Dell -- has given to budding entrepreneurs in India for becoming successful.  "...entrepreneurs I think have to be a little bit crazy, at least in the eyes...

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Google‘s good side shown in new movie, The Internship

This scene isn't in the movie, but it might have been fitting if The Internship had ended with stars Vince Vaughn and Owen Wilson wearing ruby red shoes while clicking their heels and dreamily whispering, "There's no place like Google; there's no place like Google."  The new comedy depicts Google as corporate America's equivalent...

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Now, tablet for intermediate students

IT software startup company AppThoughtz has launched a tablet, 'iTopper', which helps students of Class 11 and 12 develop insights into v arious subjects, a company official said here Tuesday.  Announcing the launch, Vijay Kallepalli, managing director of AppThoughtz, said: "iTopper comes with a bundle of in-built applications...

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Smartphone sales to touch nearly 1bn in 2013: IDC

Smartphone sales will eclipse those of basic mobile phones this year for the first time as desire for handheld computing power grows, a market tracker said on Tuesday.  International Data Corporation (IDC) expected smartphone shipments worldwide to reach 958.8 million units, topping last year's total by 32.7% to account for 52.2%...

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HTC COO steps down amid management rejig

HTC's chief operating officer has stepped down in the middle of a management restructuring intended to improve product quality and supply chains, following delays in the launch of the Taiwanese firm's flagship new phone.  Matthew Costello became an executive advisor from Europe effective on June 1, according to an email from...

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