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Latest news from ET Tech with daily update to provide the family news, health news, online news, world news, sports news, video news, food news, national news, politics news and many more from ET Tech.



abidali neemuchwala, wipro, technology news, ettech

we will have to continue with this at least for the next two to three quarters.it services firm wipro disappointed the street with its fourth-quarter results and its guidance for the april-to-june quarter.the company has a strong pipeline of digital deals, which will translate into better growth from the second quarter, chief executive abidali neemuchwala told et's ayan pramanik, jochelle mendonca, and raghu krishnan in an interview. edited excerpts:when do you expect an improvement on the healthplan services (hps) business?we are not expecting this to change right now because we have low visibility, but we are re-platforming the hps business to be able to cater to others. we will have to continue with this at least for the next two to three quarters.do you think it was a wrong decision t...





denying jobs to spouses of h-1b visa holders could hurt thousands of families in the us, technology news, ettech

krithika rajan, an indian mechanical engineer-turned-software tester at pwc in new jersey, is worried about losing her job when the us rescinds the law that allows her to work.more than 1.8 million people have migrated to the us on h-1b visas. since the 2015 rule to allow spouses of h-1b visa holders to work, more than 100,000 people have got jobs.she’s employed under the h-4 ead (employment authorisation document) visa issued to spouses with h-1b visas and in the queue for a green card. the trump administration wants to scrap the obama-era relaxation in the next few months.“we need two incomes to support our family. we have a house mortgage and two car loans to pay back and are expecting our second child. this new rule could throw much of our financial planning out of whack,” said r...





a wave of young startups is breaking stigma around sex, romance, and relationships, technology news, ettech

“we’re a different india,” said sakshi, who didn’t want her last name revealed.by saritha raipankaj chowdhry knows first hand how difficult it is for young, unmarried couples in india.the 25-year-old automotive engineer lives with his parents in new delhi, while his girlfriend of four years lives with hers.they long struggled to get private time together in a society where premarital sex is a no-no and their only options were seedy guest houses with exorbitant fees and invasive questions.not anymore. chowdhry can now book a few hours at a respectable hotel with a smartphone app called stayuncle, which specializes in short daytime stays. it’s part of a wave of young startups that are building businesses out of breaking centuries-old stigma surrounding sex, romance and relationship...





paytm mall receives $110m infusion from softbank & alibaba, technology news, ettech

the third of the four tranches of paytm mall’s recent $445-million funding round has come in.japan’s softbank and china’s alibaba have together infused $110 million into the online marketplace, according to the company’s latest filings with the ministry of corporate affairs (mca).this infusion fills up paytm’s coffers with a total of $220 million and increases softbank’s stake to 11.99% while bringing down alibaba’s (along with alipay’s) stake to 50.8%.this infusion comes as the e-commerce industry seems to be getting intensely competitive with no dearth of funds. while amazon india has its war chest full, flipkart currently is in talks to receive a massive investment from walmart.





why salil parekh's 'navigate your next strategy' evokes a sense of deja vu for infosys, technology news, ettech

body language matters. so it was back to the suit after three ill-fated years of vishal sikka’s signature black tee and jacket. salil parekh was at home. on april 16, the new chief executive of infosys, faced hundreds of infoscions in the auditorium of its bengaluru headquarters. it was a town hall meeting, where he would outline his ‘navigate your next’ strategy.chief operating officer pravin rao and chief financial officer ranganath mavinakere sat on sofas next to parekh’s. the focus was on the future: taking agile and digital services to market, using the in-house nia platform to automate services and improve productivity, reskilling and localising in foreign countries. parekh released lex, an app for infosys’ 160,393 software professionals to learn anytime, anywhere and on an...





insolvent clients take a toll on wipro’s q4 earnings, technology news, ettech

wipro said its it outsourcing business will grow at a slow pace in the first quarter of this fiscal year with a revenue forecast of between $2.01 billion and $2.06 billion, offering a fair warning that at best growth will remain flat, and at worst could drop by 2%.the bengaluru-based company, which met only the lower end of its guidance for the march quarter, has scant hope of keeping pace with the growth rate of 7-9% forecast for india’s it outsourcing industry in fiscal 2019.wipro’s it services unit reported dollar revenue growth of 2.9% in fiscal 2018 less than half the industry growth rate of 7%. in comparison, its larger rivals tcs grew at 6.7% and infosys, which saw a management churn during the year, grew at 5.8%.investors punished the wipro stock with its disappointing results....





income tax appellate tribunal, technology news, ettech

flipkart won respite from the income-tax appellate tribunal in bengaluru, which rejected the revenue department’s contention that discounts doled out on india’s largest online retailing platform two years ago should be reclassified as capital expenditure and are not eligible for deduction.the tax department had demanded rs 110 crore from flipkart as tax assessed for 2015-16 after reclassifying the discounts and spending on marketing as capital expenditure. the company told the tribunal that it cannot pay taxes on ‘fictional income’ and the itat accepted the argument, according to people familiar with the matter.“this development will keep tax treatment in line with business reality as the tax department was attempting to attribute artificial income to be taxed,” said tc meenaks...





amazon builds india-first experiences for its echo smart speakers, technology news, ettech

amazon is building india-first software experiences for its echo smart speakers as it looks to strengthen its foothold in the nascent smart speaker market.the us tech giant recently introduced the ability for users to hear curated news updates from various categories like entertainment, business, and sports among others on their echo smart speakers.this is different from the existing flash briefing feature that provides latest updates users from popular news sources via third-party voice apps."while we have had the news feature in the united states, news by topic and providers was a big request in india. for instance, people said they wanted to hear only tech news or business news" puneesh kumar, country manager - india, alexa experience & devices told ettech.he said the curation is done...





itat rules in favour of flipkart, technology news, ettech

the revenue authorities demanded taxes of about rs 110 crore on an estimated profit of rs 408 crore for the financial year 2015-16, when flipkart originally reported a loss of rs 796 crore.in a relief to flipkart the income tax appellate tribunal (itat) in bengaluru on tuesday rejected the revenue department’s argument that discounts dolled out by the e-commerce major should be reclassified as capital expenditure.the tax department had demanded a tax of rs 110 crore from india’s largest online retailing platform, after it was asked to reclassify discounts and marketing spend as capital expenditure.in its tax return, flipkart had claimed that it needs to incur such expenses on year on year basis to sell its products and retain its market share, thus the entire amount of such expenses is...





facebook spells out what it forbids for the very first time, technology news, ettech

facebook will now publish the internal guidelines followed by its content reviewers to flag hate speech and misinformation, but also allow users to appeal against its decision if a page or a profile is taken down.the social media giant also said that it reviews content in more than a dozen vernacular languages in india, its largest market in terms of userbase.facebook has over 241 million users in india but most of the interaction happening on its platform in india is in regional languages. the spread of misinformation is also in regional languages making it hard for the company to oversee.“we are always looking at ways to increase language support. generally speaking, right now, that does mean hiring people who are native speakers of that language. we are hopeful that artificial intelli...





h1b visa latest news: h-1b approvals for indian it cos drop by 43% between 2015-17: report, technology news, ettech

top seven indian it companies experienced a whopping 43 per cent drop in their h-1b visa approvals between 2015 and 2017, a us think-tank has said. the national foundation for american policy in a report said that the 8,468 new h-1b visas for indian-based companies in the finanacial year 2017 equaled only 0.006 per cent of the 160 million in the us labour force.the top seven indian-based companies received only 8,468 approved h-1b petitions for initial employment in fy 2017, a decline of 43 per cent for these companies since fy 2015, when it received 14,792 h-1b visas.given that 199,000 applications were filed in fy 2017 for the fy 2018 cap year - 105,000 in excess of the fy 2018 h-1b annual limit - even if none of these companies received new h-1b visas the annual limit still would have b...





global internet firms upset being kept out of 'indian' e-commerce policy body, technology news, ettech

a think tank led by indian e-commerce and internet firms has begun the groundwork to help the government bring out a draft policy on e-commerce by august. however, there is a call by some global firms and offline-retailers body to be included in the working group. the members have been given two months’ time to prepare reports on various aspects of the commerce industry, following which there will be deliberation for a month for a new policy. the 70-member think tank met the union commerce minister suresh prabhu for its first deliberations on tuesday.it includes indian internet leaders such as flipkart, ola and paytm as well as officials from ministries of finance, home affairs, corporate affairs and electronics and information technology, besides representatives from telecom, it and e-c...





google overhauls gmail to lure businesses away from microsoft, technology news, ettech

alphabet's google unveiled on wednesday its first gmail redesign since 2013, capping what the company says was an expensive overhaul two years in the making to adopt security and offline functionality and better resemble microsoft outlook. with gmail, google said it restructured email storage databases, unified three dueling systems for syncing messages across devices and upgraded computers underpinning the service.it is google's most extensive update to software in its g suite workplace bundle since accelerating efforts to steal business from microsoft's dominant office workplace software suite. previously, g suite added instant-messaging and spreadsheet features.with gmail, google said it restructured email storage databases, unified three dueling systems for syncing messages acro...





fresher-heavy talent pyramid of infosys heads to us, technology news, ettech

india’s second-largest software services exporter infosys is taking its time-tested talent pyramid model — withthe bengaluru-headquartered company said it would focus on hiring more fresh graduates in the us and train them to create a diverse set of talent pool with specialisations in liberal arts and economics. a large base of freshers at the bottom — to the us where it plans to hire more than 10,000 people in two years.the bengaluru-headquartered company said it would focus on hiring more fresh graduates in the us and train them to create a diverse set of talent pool with specialisations in liberal arts and economics.as per its renewed strategy under chief executive salil parekh, infosys would also replicate the an onsite talent pyramid, which will be in line with the talent model ...





how nazara changed its gameplan, technology news, ettech

nitish mittersain, the founder of nazara games, got into the game early by launching the company fresh out of college in 1999. the going was really tough, with both monetisation and capital next to impossible. “those years defined the dna and thought process of the company. the period 2002 to 2004 was challenging. our business idea was too premature and we desperately needed more customers and contracts with telecom companies. at the same time, we were focused on maintaining our assetlight model,” said mittersain.in 2005, the gaming firm turned to cricket and reached out to cricket legend sachin tendulkar for a three-year exclusive contract. that masterstroke put nazara on a firmer wicket. after mittersain managed to convince tendulkar to come on board, contracts with telecom companies...





amazon brings alarm-like smart speaker echo spot to india, technology news, ettech

amazon is expanding its range of echo smart speakers in india with the launch of echo spot.echo spot comes with a small 2.5-inch screen, a front-facing camera and an alarm clock-like round form factor. the product is priced at rs 12,999, although it is currently available on an introductory price of rs 10,499. it will be available in two colors - black and white.this device joins amazon's family of echo smart speakers that includes echo dot, echo and echo plus that made its india debut in november last year.puneesh kumar, country manager - india, alexa experience & devices told ettech that video capabilities brings in a lot more use cases for consumers through built-in providers for video, images, pictures, and games.that said, he added that the device will continue to remain a voice-firs...





indian govt eyes 30 billion digital transactions in fy 2018-19, technology news, ettech

the union government has asked the country’s banks and payment companies to boost the volume of digital transactions to 30 billion in the current fiscal year, and has laid out specific targets for individual institutions as iindividual targets have been set based on the reach, size and customer base of the institution.t seeks a near-50% increase from what was achieved in the previous year.in a letter addressed to banks and payment companies — reviewed by et — the ministry of electronics and information technology (meity) has set a target of 23.7 billion transactions to be recorded by the banking sector alone. mobile wallet companies are expected to chip in with the rest of the 6.3 billion transactions.individual targets have been set based on the reach, size and customer base of the ...





it staffers vent ire, technology news, ettech

employees at indian it services companies have seen singledigit salary hikes even when companies are paying out a greater portion of their variable pay component in response to faster growth and higher people attrition.many employees are unhappy over marginal hikes on fixed pay and that they have to fall back on their quarterly bonuses for a pay boost.many employees are unhappy over marginal hikes on fixed pay and that they have to fall back on their quarterly bonuses for a pay boost. the displeasure has spilled out on to social media, with many contrasting their hikes against large payouts made to investors on one hand and the rise in it company valuations.“congrats fellow tcsers!! $100 billion!! but don’t forget hike percentage,” a post by an admin on a tcs confessions group on fac...





india to come out with a e-commerce policy framework in 6 months, technology news, ettech

india will come out with a framework for a national policy on e-commerce in the next six months to deal with issues including competition, regulation, data privacy, taxation and technical aspects such as localisation of servers and technology transfer.the government decided on tuesday to set up a task force to finalise the contours of a policy for the e-commerce sector, commerce secretary rita teaotia said.“issues related to e-commerce including taxation, infrastructure, investments, technology transfer, data protection, regulations and competition were discussed... the objective is to come out with a framework for an e-commerce policy,” teaotia said. the decision to set up a task force was taken during the first meeting of the think-tank on the framework for a national policy on e-com...





infosys ceo salil parekh seeks 3 years to transform the it firm, technology news, ettech

infosys said it is building an off-shore talent pyramid primarily in the us and then in other geographies such as europe, australia. infosys chief executive salil parekh said the company has set a three-year transformation strategy that would start showing faster growth by the financial year 2020-21.part of the strategy will require the it company to invest in sales to win the kind of large deals being announced by rival tata consultancy services.infosys’ three-year plan has analysts worried that the company will lag its peers in growth. infosys’ fy19 revenue forecast of 6-8% is already below the 7-9% target issued by industry lobby nasscom.“this is a three-year transformation plan. in year one, we will stabilise the company and invest. in year two, we will begin to show momentum and...