Sep 20, 2018 - Double Digit Growth For Indian IT Will Come Sooner Than You Think: JPMorgan's Ravi Shankar

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Venture Capital Funnel Shows Odds Of Becoming A Unicorn Are About 1% - CBInsights
Anecdotally, it's known that most startups fail. But looking at the data, we can see the hard truth in the numbers and better understand where in the funding lifecycle startups begin to lose traction.
We followed a cohort of over 1,100 startups from the moment they raised their first seed investment to see what happens to them empirically.
So, once you take your first bit of seed funding, what can startup founders expect? The data bears out the conventional wisdom: nearly 67% of startups stall at some point in the VC process and fail to exit or raise follow-on funding.

Continued here

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Cognizant's Sudden Layoff Is A Lesson Why IT Professionals Should Future-proof Their Jobs ASAP

The news of 200 director-level executives being laid off this year by Cognizant gave many techies the chills. The extreme step was taken to align Cognizant’s talent pool to the newer digital requirements. The company let go of employees who reportedly “could not adjust” to the current technology environment and failed to add new skills…



Today's TradeBriefs Cartoon

HCL’s IBM deal puts focus on other IT firms’ moves
HCL Technologies’ announcement of the big fat acquisition of $1.8 billion (Rs 12,700 crore) IBM software products, the largest purchase by an Indian IT services company till date, shifts focus on reserves and surplus of other top Indian information and technology (IT) companies. As on September 30, 2018, HCL Tech had huge reserves and surplus on their books, which, so far, has mostly been used for share buybacks.

Nissan to open its global digital hub in Kerala for driver-less cars, to hire 550 techies

The new recruits of Nissan Global Digital Centre were working at the Infosys campus in Kerala capital from July.

Japanese recruiters queue up at new IITs to tap tech talent

IIT Mandi, Patna see recruiters like Fujifilm, Tonichi Insatsu, Mercari and SMS DataTech.

Licious raises $25 mn investment in Series-D from Japan’s Nichirei Corp

Online meat and seafood seller, Licious, has raised a Series D round of $25 million (Rs 177 crore) led by one of Japan’s largest public listed conglomerates, Nichirei Corp, along with existing investo

Intel India sees big growth from data centre business

Growing mobile users and talent availability cited as reasons

Hackathons become an emerging tool for tapping talent

Organisations use hackathons for product innovation and new ideas: Mettl survey

HCL Technologies-Aegon ink IT transformation deal

HCL Technologies announced a new five-year contract with multinational life insurance, pensions, and asset management company Aegon.

Global Blockchain Congress in Kolkata on Dec 18,19

Kolkata, Dec 10 (UNI) Kolkata will host the Global Blockchain Congress on December 18 and 19 at Biswa Bangla Convention Centre in New Town, to be organised by the State Information Technology and Electronics (IT&E) Department.

India missed a golden opportunity to implement fully computerised IT system by TCS; here’s what this book reveals

India missed a golden opportunity to implement a fully computerised tax administration system way back in the late '70s as a proposal by TCS was rejected by the then finance minister Charan Singh, claims a new book.

The secret behind Hyderabad’s rise as India’s entertainment-tech hub in 2018

Production houses from the regional film industry are collaborating with home-grown tech startups to make Hyderabad the hub of entertainment technology, specialising in VR, AR and VFX.Flying mobile ph...

Global Core Banking Solution Market to 2027| SAP SE, Oracle Corporation, Infosys Limited, FIS, Misys, HCL Technologies, Capgemini, IBM, Nelito Systems, COBISCORP, Wipro
Press release - Core Banking Solution Market - Global Core Banking Solution Market to 2027| SAP SE, Oracle Corporation, Infosys Limited, FIS, Misys, HCL Technologies, Capgemini, IBM, Nelito Systems, COBISCORP, Wipro - published on openPR.com

Indian IT companies’ lobbying spends jump nearly 40% in Trump era

India Business News: A report by investment firm CLSA shows that IT majors TCS, Wipro, Cognizant, Infosys and industry body Nasscom were collectively spending up to $2.4 m

Walmart plans to tap Flipkart's tech expertise

The retail giant, which is betting on Indias technology talent, will wait until the process of absorbing the ecommerce company is well underway.

Silicon Valley Firm Says India's Startup Ecosystem Is Afflicted By Huge Opportunity Gap

Despite Flipkart's sale to Walmart for a whopping $16 billion, there's a huge opportunity gap in India's startup ecosystem.

Niti Aayog, IIT developing Indian-language bot

A senior government official told ET that NITI Aayog has collaborated with the Indian Institute of Technology (IIT), Patna, under director Pushpak Bhattacharyya to develop a natural language processor (NLP) for commercial use.

View: As machines turn smarter with AI, leaders need to be more human

AI is not new, but critical factors such as massive data generation and increased processing power, connectivity and speed have combined to present significant potential.

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