Jul 31, 2019 - Captives likely to go on CXO hiring spree

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The 6 Things A Private Equity Firm Will Do After They Buy Your Business

Private equity has become an attractive alternative for many entrepreneurs looking to sell their business as they seek to find places to put their funds to work. That raises plenty of questions from these would-be sellers around what will happen to the business if a PE firm buys it?

1. The first thing to know is that the PE firm will want to keep you, the founder, around after the sale.
2. The second thing to know is that you will eventually be fired (or quit).
3. Another aspect to know about when a PE firm takes over is that they will put debt on the business. A lot of debt- perhaps four to five times EBITDA.
4. PE firms will also kill your company's sacred cows early on- those things that you have considered important to the running of the business which might not look as important to an analytical outsider.
5. PE firms will sweat your assets.
6. PE firms will also pay themselves special distributions with any extra cash they can generate inside the business.

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Why GE's Alleged $38 Billion Financial Fraud Will Have Little Impact On Indian Tech Majors

There was no bigger controversy last week than GE’s stock plummeting 11% on 15 August in the midst of fraud accusations which is finding echoes in the 2001 Enron Corporation scandal. A 175-page “whistle-blower report” has alleged that there is a $38 billion worth of fraud at GE and the American multinational is at the…

Today's TradeBriefs Cartoon

After US, Indian techies find greener pastures in Canada

According to a report by the Economist Canada’s Toronto created more IT jobs in the technology sector than Silicon Valley, Seattle, New York and Washington DC combined.

Engineer.ai Breaks Its Silence Over Tech Exaggeration Claims

Engineer.ai finally broke its silence over the allegations of exaggerating its AI-abilities to gain more investments and customers

Australian offshore tax: IT cos seek Commerce Ministry’s intervention

Indian IT companies have estimated that they could suffer cumulative losses up to $1 billion and a per annum impact of $225 million if the Australian government doesn’t withdraw its decision to tax th

HCL Technologies to expand its Nagpur campus

HCL will acquire 90 acres of land to add to the existing state-of-the-art 50-acre MIHAN campus

`Monetisation of podcast is still a huge challenge’

With increasing commuting hours and the digital medium allowing a much wider array of topics to be covered, listenership is bound to multiply.

Lenovo aims to lead PC market with 30% market share in 2019

IT hardware firm Lenovo expects to lead India’s personal computer market with around 30 per cent market share in 2019, a top official of the company said. According to market research firm IDC, Lenovo

Amazon to open its 10-acre campus in Hyderabad

E-commerce firm Amazon will open a 10-acre campus here, its biggest outside the United States, on Wednesday.Located in the IT hub of Gachibowli, the centre can seat 9,000-10,000 employees. It will man

Infosys sees jump in cloud-based services, to drive digital services

Technology researcher Gartner has projected that the market size and growth of the cloud services industry at nearly three time the growth of overall ..

Wipro Eyes Automation-Only Deals to Game Up Its Technology-Driven Revenue

Besides the other contracts that arrive with a digital technology component, the leadership team at Wipro has asked the Wipro HOLMES to bring more and more automation-only deals.

IT stocks fall despite weak rupee amid bleak outlook

The Nifty IT index slipped 1.31% in Aug even as the rupee fell 3.70% against the dollar.A Falling rupee means higher dollar earnings for IT firms, but larger concerns hit IT stocks in August

Tender trouble: Desi companies face 'unfair conditions'

India Business News: The commerce and industry ministry has objected to the "restrictive and discriminatory tender conditions" that Indian companies are facing in the mass

With easy money around, tech entrepreneurs turn risk-averse

The country added 1,200 new technology startups in 2018 as against 1,000 in 2017, and the momentum has not dipped in the first half of 2019.Get latest Business online at cnbctv18.com

Planning a career in Software and analytics? Here are the latest openings

The rise of automation is disrupting the job market and the very nature of jobs itself. In India, its is creating ample opportunities across new and emerging

Use artificial intelligence for tax compliance: Direct tax panel

The panel has also proposed to introduce collaborative compliance in direct tax administration

I-Life Technologies appoints new India head

Opens India headquarters in Delhi

US assures support to American technology firms in India in letter

Industry executives with direct knowledge said it wasn't common to receive such letters from the US administration.The USA and big technology companies say India has taken a series of protectionist measures by imposing stricter foreign investment rules

When Infosys's value system got shaky in 2014, and Narayana Murthy raised his voice

The Infy co-founder thinks it is important to voice anguish, anxiety and disappointment.

Balasa Dinverno Foltz Has Trimmed Holding in Hollyfrontier Corp. (HFC) as Shares Rose; Yacktman Asset Management LP Position in Infosys LTD (INFY) Decreased by $11.69 Million as Stock Rose
Yacktman Asset Management Lp decreased its stake in Infosys Ltd (INFY) by 11.42% based on its latest 2019Q1 regulatory filing with the SEC. Yacktman Asset Management Lp sold 1.17M shares as the company’s stock rose 5.11% . The hedge fund held 9.07 million shares of the edp services company at the end of 2019Q1, valued…

Ingram Micro announces Digital Transformation Summit 2019 for IT channel

Technology solution aggregator Ingram Micro has announced its flagship industry event – Digital Transformation Summit 2019 on September 04 and 05. Billed as the largest event for the IT channel in India, the two-day event will cover a wide spectrum of topics from HCI, SDWAN, storage, cybersecurity to emerging technologies like IoT and AI to …

At Microsoft India, Sapna Grover is driving AI and Assistance to solve simple human needs

As Head of Program Management in Search, Assistance & Intelligence at Microsoft India, Sapna Grover is passionate about the application of Intelligence and Assistance to help people in a time of information overload.

US healthcare BPO may be valued at $225 million: PE firms in race to acquire emids Technologies

Homegrown funds such as Everstone, ChrysCapital and global ones like KKR, Baring in talks to buy a controlling stake.

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