Finland based telecommunications and consumer electronics company Nokia has cut 250 jobs at its site in Naperville, United States, and it is speculated that another 250 workers will lose their positions, a report by Crain’s Chicago Business said late on Monday. A Nokia spokesman confirmed to New York Times that jobs had been cut as part…
Confirming the rumors saying Adobe would be buying Marketo, Yesterday Adobe has released a press release on their official website about the $4.75 billion deal. Adobe is buying Marketo from Vista Equity Partners. Marketo, Inc. is a B2B software company focused on account-based marketing, including email, mobile, social, digital ads, web management, and analytics. It is…
The State Bank of India (SBI), the largest lender of the country has announced Prashant Kumar as their Chief Financial Officer (CFO). In 1983, Kumar joined SBI as Probationary Officer and since then he has held various important positions in Bank. Kumar is a Science graduate, he also pursued Law from Delhi University. He has diverse experience in various areas of banking…
Marc Benioff, the CEO, and Co-Founder of the famous cloud computing company Salesforce.com and his wife Lynne have decided to buy TIME media brand from Meredith Corporation for $190 million in cash. This deal will make Benioffs’ the owners of America’s most iconic news magazine. It is to be noted that this acquisition will stay…
Infosys, one of India’s largest IT services company, today announced a definitive agreement to acquire Fluido, the leading Salesforce advisor and consulting partner in Nordics for $76 million. This acquisition will help the firm to position itself as a leading salesforce enterprise cloud services provider and to provide their customers digital transformation. Fluido, founded in 2010, has…
Infosys, a Bangalore based Indian multinational corporation that provides business consulting, information technology, outsourcing, and next-generation services, today announced that it has made an additional investment of US$1.5 million through the Infosys Innovation Fund in TidalScale Inc., the company at the heart of the Software-Defined Server revolution. Infosys has previously invested US$ 1.5 million in…
The TimesJobs RecruiteX Biannual Jan-Jun 2018 Report is out. The report shows a significant rise in hiring activities among all the ten industrial sectors. In the past three years in the January-June review period, the IT industry has seen the highest growth. Some of the key highlights from this report are: Retail (19%), Healthcare/Pharmaceuticals (10%), BFSI (9%), FMCG (7%) and…
Infosys has been asked by the arbitration tribunal to pay its ex CFO Rajiv Bansal the pending severance pay of Rs 12.17 cr. along with interest. Rajiv had separated from the company in October 2015, and had taken the company to arbitration considering the company’s refusal to pay his severance as per his employment agreement.…
Andersen Global named the members of the European Regional Board of Directors. This regional board will advise the global organization on issues critical to the continent to ensure that the group is working in a seamless way across the different countries of the region, practice areas, industries and also on the management of common protocols.…
The Kellogg Company, a popular American multinational food manufacturing company headquartered in Battle Creek, Michigan, United States was named among the world’s Best Regarded Global 2000 Companies, as per the second annual Forbes magazine ranking. From the 232nd position in last year’s list the company has taken a massive leap of 219 spots and is now…
Lithium Technologies, a San Francisco-based software provider that allows businesses to connect with their customers on social media and digital channels. This Thursday (September 13, 2018) the firm confirmed its commitment to India as a strategic market for growth by opening a new office. Lithium unveiled its new state of the art campus in Bangalore at…
Tata Consultancy Services (TCS), leading global IT services, consulting and business solutions organization, has been recognized as one of the Achievers 50 Most Engaged Workplaces™ in North America for the sixth consecutive year. This annual award recognizes top employers that display leadership and innovation in engaging their workplaces. TCS received the award in North America for building an energized and…
State Bank of India has invited applications from eligible and interested candidates for appointment to specialist cadre officers’ posts. The last date to apply is September 24. DETAILS OF POSTS: Deputy Manager (Regular): 27 Fire Officer (Contractual): 21 EDUCATIONAL QUALIFICATION: Deputy Manager: Graduate with minimum 5 years of Commissioned Service in Armed Forces or as…
ELEVATE is an initiative by Government of Karnataka to provide a comprehensive entrepreneurship platform for startups. The Department of Information Technology, Biotechnology, and science and technology have shortlisted 77 startups out of 250 finalists for Elevate 2018. These top technology-based startups chosen through a rigorous hunt across Karnataka State will receive a whopping sum of…
According to an ET article, the government of India is planning an Rs 1-lakh-crore plan to set up mega national employment zones across the country at the aim of providing direct and indirect job opportunities to one crore youth over the next three years. The proposal, which is being given the final shape by the shipping ministry…