Category — Information Technology

Global Technology Firms Increase Workforce in India

U.S.-based firms Microsoft, LinkedIn, Oracle, Facebook, and Google are increasing their engineering staff in India. These companies are seeking engineers from India to work on technologies similar to their global counterparts to build competence in niche technology areas.

A report from Washington-DC based Bain & Company published last month said global in-house centers (GICs) in India will play a bigger role for enterprises. “Indian GICs will play a more active role in driving top-of-mind investment priorities of global C-level executives at Fortune 1,000 companies in the next three to five years. In addition, more senior leaders of the enterprise, particularly those two levels below CEOs, will operate out of Indian GICs over this period,” the report added.

North Carolina-based Lowe’s, that has 1,000 employees in India, said its IT and analytics capabilities in the country will amplify its growth strategy.

“We are hiring people in e-commerce and digital technologies, retail and supply chain technologies, core engineering and infrastructure such as networking, virtual infrastructure and containerization, analytics and big data, and project management,” said James Brandt, managing director, Lowe’s India.

Target India, which has a current headcount of 2,500, will hire professionals in technology and areas such as marketing, supply chain and animation, reports SmartInvestor.

“We will hire talent with Java and Open Source capabilities and  for niche areas with expertise in machine learning and neuro-linguistic programming. In addition to technology, India has a talent pool in computer-generated imagery and animation. Our marketing team is looking to expand our CGI capabilities and tap this pool,” said Shalini Natraj, head of HR at Target India.

Human Resource elements

June 5, 2017   No Comments

Porsche Unit Partners with India’s Invilogic Software

Germany headquartered MHP, in which Porsche holds an 81.8% stake, entered into its first global partnership with Hyderabad, India-based design automation startup Invilogic Software and its German arm, ENIT Invilogic GmbH.

The partnership will help integrate design automation technology to automate product development with a seamless integration into Computer Aided Design, Product Lifecycle Management and Enterprise IT tools, reports the Times of India.

Michael Kirchgassner, head of R&D transformation at MHP said, “We believe Invilogic’s design automation capabilities, both in India and Germany, will complement our growth and customer consulting strategy across markets and industries.”

MHP
Siddharth Durairajan, CEO, Invilogic Software,  said that the company had invested $1.5 million on product development programs in India in the last 36 months, and will continue to invest in growing its software services research and development capabilities in Hyderabad, Bangalore, Pune and Germany. Currently, the company has a portfolio of 38 products and aims to add 10 more in the next 2 years.

June 5, 2017   No Comments

Panasonic Announces its First India Innovation Center

Osaka, Japan-based Panasonic will jointly work with India’s Tata Consultancy Services (TCS) at its Center of Excellence – a part of the India Innovation Center  – that it set up at TCS’s campus in Bangalore.

Both companies will drive innovation and create new business opportunities in the Internet of Things technology, Mobility, and Artificial Intelligence ), reports the Economic Times.

“The key focus of this enterprise will be to bring together Panasonic’s research and development efforts under one cohesive umbrella. This will also strengthen India’s position as a critical region for the corporation to lead innovations in the ISAMEA (India, South Asia, Middle East and Africa) market. It will work as a hub that will be central to developing new age technology driven range of products that will emerge from India for both domestic and global consumption,” said Daizo Ito, managing executive officer, and regional head for ISAMEA.

Panasonic Inaugurates India Innovation Center

The platform will bring the best minds from the two countries together to develop transformative solutions on Panasonic’s five key focus areas – Connected/ Community, Mobility, Energy, Industrial and Finance Solutions, said Manish Sharma, president and CEO, Panasonic India and South Asia.

 

May 31, 2017   No Comments

U.S.’s Ebix Acquires Majority Stake in India’s ItzCash

Atlanta, GA-based Ebix Inc., a maker of software for the insurance and financial services industry, acquired a majority stake in Indian payments services firm ItzCash for approximately $124 million. ItzCash’s earlier investors, Matrix Partners, Intel Capital and Lightspeed Venture Partners, exited the company for returns between 3X – 5X, leaving Essel Group with a 20% stake.

Founded in 2006, ItzCash, started with digital payments, and expanded into remittances, financial services, corporate solutions, point of sale (PoS) terminals and payment gateway. The company processes 600,000 transactions per day. In 2016-17, it processed payments worth $1.6 billion through its network, reports the Livemint.

ItzCash Logo

“With the youngest tech-savvy society, the largest middle class, a 1.3 billion population, a country committed to going digital and a growth rate of 7% plus, India is an emerging economic superpower today. We are big believers in the power of exchanges and thus have been keen to take an early position in India in terms of powering financial and insurance exchanges,” said Robin Raina, chairman and chief executive of Ebix.

May 25, 2017   No Comments

UberEats launches in Mumbai

San Francisco-based Uber launched its initial UberEats service in Mumbai, and by the end of this year the company plans to expand this service to six cities in India. The country’s online population is tipped to reach 450 million-465 million people by June 2017, according to a report co-authored by the Internet and Mobile Association of India, bringing with it the potential to connect people to taxis, cars, food and more.

“Mumbai is home to a booming food industry with a vibrant food culture offering both global and local cuisines. The introduction of UberEats in India, with Mumbai as the first city, is a major step in our global expansion and showcases our commitment to the region,” Bhavik Rathod, Head of UberEats India, said.

Uber Eats Food Service

TechCrunch says: Uber has thrown more focus on Eats lately, beyond its ongoing global expansion. Recent updates added tailored recommendations, customizable drop-off directions for drivers and new filtering options, while it also introduced a restaurant management service that helps restaurant partners get actionable insight through data.

 

 

May 15, 2017   No Comments