Oct 13, 2020 - Wipro's second-quarter will be telling of how its new CEO is steering the ship

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TradeBriefs Editorial

From the Editor's Desk

Remote Work Is Killing the Hidden Trillion-Dollar Office Economy

From airlines to Starbucks, a massive part of our economy hinges on white-collar workers returning to the office

For a decade, Carlos Silva has been gluing, nailing, and re-zippering shoes and boots at Stern Shoe Repair, a usually well-trafficked shop just outside the Metro entrance at Union Station in Washington, D.C. On a typical day, he would arrive at 7 a.m. and stay until 8 p.m., serving the crowds of professionals shuttling by on their way to work. But since the near-shutdown of office work and train travel, he has been closing the shop at 4 p.m. "There is no traffic, my friend. The whole station is dead," says Silva. "Now it's only a part-time job."

In the five months since the coronavirus forced a lockdown of U.S. businesses, economists have focused much attention on the devastation of mom-and-pop businesses, brick-and-mortar shops, bars and restaurants, and massive chains. But they have mostly overlooked a looming threat to a vastly larger and more consequential galaxy of businesses, one worth trillions of dollars a year in GDP and revolving around a single, much underappreciated economic actor - the white-collar office worker.

Continued here


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Explosive report reveals caste discrimination in Silicon Valley, 30 Dalit engineers call out Indian bosses

A few weeks after a case was filed against Cisco by the State of California alleging caste-based discrimination at the company, an explosive report has highlighted how Indian engineers in the US are still practicing caste biases.



Today's TradeBriefs Cartoon

Cognizant names Rajesh Nambiar as Chairman and MD of India operations

Nambiar will join Cognizant from Ciena, a networking, systems, and software company, where he currently serves as the Chairman and President of Ciena India, said a late-night statement on Tuesday.Get latest Business online at cnbctv18.com

New iPhone 12 Pro is so expensive in India, it would be cheaper to fly to Dubai and back to buy it

Apple is known to up the prices a little every year, but this latest round of iPhone 12 releases most certainly takes the cake.

Indian software exporters pinning hopes on second US stimulus

New package seen to kickstart another round of tech spending, and more outsourcing deals

Instagram users can now go live for up to 4 hours

Instagram on Tuesday announced new updates for the Live feature.Users will now be able to go live for up to four hours on the Facebook-owned photo-sharing platform. Previously, users were able to go L

Wipro, SAP partner to offer cloud solutions to real estate sector

Wipro Ltd, on Wednesday, said it has tied up with SAP SE to co-innovate on cloud-based solutions for the real estate industry. Also read: Wipro, SAP collaborate to deliver SAP Enable NowSAP is expandi

Microsoft’s free app lets users train AI models without writing any code

Users can start by simply importing images of the things they want its desktop app, Lobe, to recognise

Tata Elxsi bags global services deal from Aesculap for medical device engineering

The global engineering centre will serve as platform for talent and expertise for product design & engineering, regulatory support, and clinical evaluation services

Microsoft Teams now has over 115 million daily active users: Nadella

Microsoft’s video conferencing platform Teams has grown its user base to over 115 million daily active users, the company said on Tuesday. Microsoft CEO Satya Nadella announced the numbers in an earn

Digitalisation to drive $6.8 trillion IT spending till 2023: IDC

The global economy remains on its way to its “digital destiny” driving $6.8 trillion of IT spending from 2020 to 2023, according to International Data Corporation (IDC).The impacts from COVID-19 pande

Infosys meets UN pledge to be carbon neutral by 2020

It has also acquired consultancy firm Blue Acorn iCi.

YouTube now has 325 million monthly unique viewers in India

YouTube now has over 325 million unique viewers month-on-month, the video-sharing platform said at its marquee annual event Brandcast today.Citing data from American data firm Comscore, YouTube said

Wipro to acquire Encore Theme Technologies

Wipro Limited on Wednesday announced that it has signed a definitive agreement to acquire Encore Theme Technologies Private Limited, a specialist in providing SaaS and Cloud solutions in financial ser

‘Amazon refused Future offer to recompense in case of pact breach’

But the American firm rejected the proposal, reveal documents

Cloud growth helps Microsoft beat Wall Street expectations

Microsoft reported quarterly earnings Tuesday that beat Wall Street expectations, as it continued to weather the coronavirus pandemic amid increased d..

Belgian insurance company AG collaborates with TCS for its digital transformation drive

The insurance company from Belgium, AG has selected Tata Consultancy Services (TCS) as a strategic partner for helping its digital channels and modernise IT systems by leveraging TCS’ Machine First approach. Reacting to this, the stock of Tata Consultancy Services jumped more than 0.95 per cent today and made an intraday high of Rs 2,656.35 on BSE. The company has partnered with TCS to modernise its technology as well as to meet the changing needs of its diverse range of...

Digitalisation to drive USD 6.8 trillion IT spending from 2020 to 2023: IDC

The impacts from COVID-19 pandemic are ubiquitous and affect the many external forces that are driving change, the research firm said in its worldwide information technology (IT) industry predictions for 2021 and beyond.

Trump’s H-1B ban hurt America’s Fortune 500 companies

A study conducted by Brookings Institute's Dany Bahar, Harvard Business School's Prithwiraj Choudhury, and Britta Glennon from the University of Pennsylvania's Wharton Business School.

Govt gets notice after saying it has no information on Aarogya Setu creator

The Ministry of Electronics and Information Technology and the National Informatics Centre have said they do not have any information about the 'creation' of the Aarogya Setu application promoted by the government to contain the spread of COVID 19.

Amazon executives depose before parliamentary panel, quizzed about revenue and tax paid in India

Members questioned Amazon about its revenue mode, how much revenue it generates and what per cent of it Amazon reinvests in India.

ZoHo Corpn to set up 10 rural centres in south TN

Madurai: Software technology giant ZoHo Corporation is to establish ten rural centres in southern Tamil Nadu including Madurai and Theni in the next s.

IIT-Guwahati team develops tech to produce agri-based anti-ageing compounds

Indian Institute of Technology (IIT) Guwahati researchers have developed a low-cost membrane technology to produce psychoactive drugs and anti-ageing

Happy Diwali For 10 Lakh IT Employees: Salary Hike Announced By TCS, Infosys, HCL, Wipro, Tech M More!

The decision to roll-out wage hikes for all employees is set to benefit about 10 lakh people enrolled in the IT industry.

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