• Flat sells for Rs 50cr, highest ever in Bengaluru
    Published Date : 11-Oct-2017 1:28:28IST

    The Embassy Group has sold an apartment for Rs 50 crore to Ajit Prabhu, chairman and chief executive of engineering outsourcing company Quest Global, making it the biggest residential deal in Bengaluru. Prabhu has bought the 16,000-sqft apartment in Embassy One, near Hebbal, which houses a 230-room Four Seasons luxury hotel, 110 Four Seasons-branded residences, 150,000 sqft of office space and 60,000 sqft of retail space. The per-sqft rate for the apartment works out to about Rs 31,000.

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  • Infosys loses ₹25,000 crore in value as Sikka resigns as CEO
    Published Date : 18-Aug-2017 5:20:00IST

    After Vishal Sikka’s abrupt resignation as CEO, Infosys shares plunged by 13% to a 52-week low on Friday, wiping out nearly ₹25,000 crore from its market capitalisation. The plunge in Infosys shares weighed on the overall markets and the Sensex fell nearly 400 points during the day. Notably, Sikka has cited “increasingly personal attacks” as the reason for his resignation.

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  • Govt planning a passport centre every 50 kms
    Published Date : 16-Jul-2017 10:39:37IST

    Union Minister MJ Akbar on Saturday said that the government is working towards setting up a passport centre every 50 kilometres in the country. He further said that the project which began one or one and a half year back has picked up speed. “You will see exponential growth in coming days,” he added.

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  • Google buys 4-month-old Indian startup Halli Labs
    Published Date : 12-Jul-2017 11:24:30IST

    Technology major Google has acquired Halli Labs, a 4-month-old startup based out of Bengaluru that was founded by former Stayzilla CTO Pankaj Gupta. The startup focuses on artificial intelligence and machine learning-based solutions. Halli Labs will be joining Google’s Next Billion Users team, which is working to bring the next billion users online from emerging markets like India.

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  • HC serves notice on Tech Mahindra over retrenchment
    Published Date : 11-Jul-2017 2:15:23IST

    In a setback for Tech Mahindra, the Hyderabad High Court issued notices to the state of Telangana, its labour department officials as well as TechM, directing them to respond to the allegations of unlawful retrenchments of software engineers. The court gave three weeks to file their replies to the contentions raised in a writ petition filed by Sudhakar Suddala and three other retrenched employees of TechM, who brought to the notice of the court the issue of lay-offs of IT employees prevailing in the software sector.

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  • Microsoft To Lay Off 3000 Jobs Globally
    Published Date : 07-Jul-2017 12:01:24IST

    Microsoft on Thursday announced a major reorganization that will lead to nearly 3,000 job cuts in sales staff outside the US, media reported.The job cuts amount to less than 10 percent of the company’s total sales force. Whether it will impact Microsoft workers in India is still not clear. “Microsoft is implementing changes to better serve our customers and partners. Today, we are taking steps to notify some employees that their jobs are under consideration or that their positions will be eliminated,” a Microsoft spokesperson said.

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  • This girl flies on her own wings
    Published Date : 15-Jun-2017 2:10:27IST

    Esha Gupta, known for her hot bikini photo shoots, is picture perfect of vivacity and knows how to flaunt those beautifully toned curves. Her stint in beauty pageants and modeling has come handy for her. Seen here is Esha showing the tattoo, strategically placed on the most curvaceous part of her body. It says Alis volat Propriis, which means she flies with her own wings.

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  • Telugu alerts at AP airports
    Published Date : 26-May-2017 7:18:10IST

    This will be music to the ears of Telugu passengers flying out of airports in AP. Soon, all airports in the state will have announcements about flight arrivals and departures in Telugu. This would be in addition to English and Hindi, which is the norm in airports across the country. Minister for civil aviation P Ashok Gajapati Raju gave the nod after Assembly deputy speaker Mandali Buddha Prasad wrote a letter urging him to do so at AP airports.

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  • World’s 500 richest people lose $35 billion in one day
    Published Date : 18-May-2017 1:25:28IST

    The world’s 500 richest people lost $35 billion after global equity markets took a hit on Wednesday. This happened after reports claimed that US President Donald Trump asked FBI to end investigation into former National Security Adviser Michael Flynn. World’s richest person Bill Gates lost $1 billion, while second-richest Jeff Bezos lost $1.7 billion and became the world’s third-richest.

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  • India’s biggest IT firms to fire 58,000 employees
    Published Date : 11-May-2017 8:35:08IST

    Seven of the biggest IT companies in India are planning to ask at least 58,000 engineers to leave this year. This is at least twice the number of employees laid off last year, reflecting the companies’ under-preparedness in adapting to newer technologies and US President Donald Trump’s protectionist policies. These firms include Wipro, Infosys, HCL, and Tech Mahindra, among others.

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  • Rolls-Royce, backstage jacuzzi for India tour
    Published Date : 03-May-2017 4:56:36IST

    For Justin Bieber’s upcoming concert in Mumbai, the singer has demanded a Rolls-Royce, a backstage jacuzzi, and a convoy of ten luxury sedans and two Volvo buses, according to a press release. Further, two five-star hotels have been reserved for the artist, with one being converted into Bieber’s private villa with an elevator and three floors booked for him.

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  • HDFC Bank cuts 6,100 jobs in March quarter
    Published Date : 22-Apr-2017 12:18:09IST

    India’s second-largest private sector lender HDFC Bank cut as many as 6,096 jobs in the January-March quarter owing to increased digitisation. This is the second straight quarter of job cuts by HDFC, which had cut over 4,500 jobs in the last quarter. There is room for more job cuts in the future, HDFC’s Deputy Managing Director Paresh Sukthankar said.

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  • Infosys to Ramp Up US Hiring Amid Visa Concerns
    Published Date : 17-Apr-2017 8:37:47IST

    Infosys plans to focus more on local hiring in the US and is also looking at setting up development and training centres in the country as part of its efforts to tide over visa-related issues. Infosys has been in favour of a healthy mix of local and global personnel even though hiring locals in overseas markets often pushes up operational costs for IT outsourcing companies. With the US mulling over various measures to make visa norms stricter under the Trump administration, Indian IT firms have been contemplating tweaking their business models and accommodating more locals.

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  • Many Indians uninstall Snapchat on CEO’s ‘poor India’ remark
    Published Date : 16-Apr-2017 10:05:47IST

    Many Indian Snapchat users are giving 1-star ratings and even uninstalling Snapchat app, on Snapchat’s CEO Evan Spiegel’s alleged remark of “I don’t want to expand into poor countries like India”. Spiegel had made the remark in 2015, according to a former Snapchat employee. Spiegel had also allegedly said, “This app is only for rich people”.

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  • Rs 1.5 crore dowry: Chaiwalla under I-T lens
    Published Date : 13-Apr-2017 9:36:06IST

    The Income Tax Department has sent notice to a Rajasthan tea stall owner, Leela Ram Gujjar, after a video surfaced on the internet showing him giving a dowry of ₹1.5 crore. He recently married off his six daughters and four of them were allegedly underage. Gujjar has been asked to produce documents to show the source of the money.

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