Finance

New e-retail rules in India could affect Amazon’s growth

February 3, 2019
New e-retail rules in India could affect Amazon’s growth

Amazon.com has forecast first-quarter sales below Wall Street estimates, warning that new regulations in India had created uncertainty around one of its key growth markets and saying it would step up investments in 2019. Though its international operating loss shrunk to $642 million in the quarter from $919 million a year earlier, new regulations in […]

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Microsoft Continues to Win in the Cloud

February 3, 2019
Microsoft Continues to Win in the Cloud

Microsoft reported its second-quarter results on Jan. 30. The tech giant enjoyed solid gains in revenue and earnings, fueled by strong growth in its cloud-based services. Microsoft’s intelligent cloud division — which includes its server and cloud computing businesses — remains the company’s strongest growth driver. Revenue in this segment rose 20% to $9.4 billion, […]

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Global IT services spend to grow 4.7% in 2019

October 26, 2018
Global IT services spend to grow 4.7% in 2019

According to Gartner report, the IT services spending worldwide for the first time is projected to cross $1 trillion (Rs 73.5 trillion) in 2019, registering the slowest growth of 4.7% in 2019 compared with 5.9% in the previous year. The report also states that overall IT spends, including spending on IT services software, computer hardware, […]

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VMware to invest $2 billion in India over next 5 years

October 26, 2018
VMware to invest $2 billion in India over next 5 years

VMware announced it will invest $2 billion in India over the next five years towards expanding its facilities, increase headcount and ramp up research and development activities. The investment, part of the company’s overall global investment strategy will enable the company to support its growing sales operations in India, CEO Pat Gelsinger announced. “India is […]

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India’s public cloud revenue to touch $2.5 billion this year: Gartner

May 18, 2018
India’s public cloud revenue to touch $2.5 billion this year: Gartner

The India public cloud services revenue is projected to grow 37.5 percent in 2018 to total US$2.5 billion, up from US$1.8 billion in 2017, according to Gartner, Inc. While the public cloud revenue market in India exhibits solid growth in 2018, the growth rate is expected to flatten, which is indicative of a maturing market,” […]

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Cloud computing driving productivity, profitability of SMBs

May 18, 2018
Cloud computing driving productivity, profitability of SMBs

In a study to measure the social and economic impact of cloud usage among 275 SMBs across 11 Indian cities, Microsoft and the Thought Arbitrage Research Institute (TARI) found that small and medium sized companies (SMBs) improved their chances of better market access and profitability by three times with high use of cloud technologies. The […]

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Ondot Systems: Fortifying a House of Cards

October 3, 2017
Ondot Systems: Fortifying a House of Cards

Banks and credit unions in the USA are finding new ways to empower their cardholders with proactive control and instant visibility over their transactions. Greater customer engagement and confidence in card security is driving card usage while lowering fraud costs. It also has positive implications for legislative compliance, according to Ondot Systems Inc. Two cars […]

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Microsoft eyes late-stage startups in India

August 29, 2017
Microsoft eyes late-stage startups in India

Microsoft, the world’s biggest software maker, is changing its strategy to engage with startups. The company which launched its accelerator in Bengaluru five years ago to support early stage firms is now betting big on late-stage startups. The Seattle-based company which generated a revenue of $85.3 billion in 2016 is helping these companies scale up, […]

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Microsoft acquires Cloud firm Cycle Computing

August 29, 2017
Microsoft acquires Cloud firm Cycle Computing

From finding a cure for cancer to making vehicles safer to fulfilling the promises of artificial intelligence, today’s complex problems require the ability to harness massive amounts of computing power. For too long, Big Computing has been accessible only to the most well-funded organizations. At Microsoft, we believe that access to Big Computing capabilities in […]

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India proposes subsidy for MSMEs deploying cloud computing

April 8, 2017
India proposes subsidy for MSMEs deploying cloud computing

The Indian government has proposed subsidy up to Rs 1 lakh for micro and small enterprises to encourage them to use cloud computing for information and communications technology applications. In cloud computing, MSMEs use Internet to access common as well as tailor-made IT infrastructure, including software, for managing business. The subsidy will be provided on […]

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