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Category: Uncategorized (page 3 of 9)

Jeff Bezos will step down as Amazon CEO

Amazon’s founder Jeff Bezos will step down as a CEO of the company and will move to an executive chair in the Q3 of this year. CEO of AWS Andy Jassy will be taking over as chief executive for the firm.  Bezos, in an email to employees, said that the transition will allow him to devote more time to “Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and other passions.” Jassy had previously been speculated as a likely successor.

Rohit Ambosta joins Sharekhan as CIO

Rohit Ambosta, former CIO at Angel Broking has joined Sharekhan, a subsidiary of BNP Paribas, as CIO. Ambosta, having 20 years of experience, will be responsible for the adoption of new-age technologies and the digital transformation of the firm. He is an expert in areas of business and tech alignment, software development, UI/UX, Digital Customer Experience. He has also worked with Financial Technologies, Tech Mahindra, and HCL in the past.

Happiest Minds to acquire Pimcore Global Services for Rs 60 Cr

Happiest Minds will acquire cent per cent ownership of Pimcore Global Services, US-based digital e-commerce and data management solutions company, for $8.25 mn. The acquisition would strengthen its leadership position in digital transformation space. PGS has clientele across retail, CPG and manufacturing verticals. The acquisition will be completed by March 31, 2021. PGS and Happiest Minds has been rendering offshore services to PGS.

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Cloud4C collaborates with Google Cloud to enable digital transformation on the cloud

Cloud4C partners with Google Cloud to build a CoE for SAP and Anthos to modernise businesses’ IT infrastructure and build cloud-native apps for economic viability, respectively. The CoE would leverage advanced Google Cloud AI, ML and analytics capabilities to the customers. “The CoE will serve as a multi-disciplinary customer showcase hub, developing and delivering solutions for high efficiency and reliability” Sridhar Pinnapureddy, Founder and CEO, Cloud4C said.

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WhatsApp adds new security layer for web users

WhatsApp has announced that it has added a new security layer for its desktop and web app. Users will now need to use biometric authentication to link their WhatsApp account to a new laptop before scanning the QR code from the phone. One needs to use either their face or fingerprint unlock to authenticate WhatsApp Web or desktop. It has also updated the UI by replacing the ‘+’ icon with “link a device”. The plan is to also add multi-device support.

Vijay Sethi quits Hero MotoCorp; Pradeep Eledath appointed interim IT Head

Hero MotoCorp’s CIO Vijay Sethi has quit the firm. Jan 20 was the last day of his 13 years old tenure. Sethi was also Head CSR and Human Resources at Hero MotoCorp. Before the automaker, Sethi had worked with Ranbaxy and TCS. Pradeep Eledath has given the change of IT function during the interim period until a new CIO is appointed. Eledath has over 25 yrs of experience in IT, digital transformation and cybersecurity.

Twitter users fact check misinformation in new pilot program

Twitter launched a pilot program that flag tweets that they believe are misleading and writes notes to provide context. The project, called Birdwatch, is initially offered in the US and is on a separate section of Twitter, and only pilot participants, who apply to the program, will write posts identifying and rebutting misinformation. Their notes will initially not be visible on Twitter for users outside of the pilot group but will be visible on the Birdwatch site.

Zomato acquires Fitso Sports for ₹80-100 cr

Zomato has acquired Jogo Technologies that operated Fitso, sports facilities provider for a sum between Rs 80-100 cr. Fitso, founded by IIT Delhi graduates in 2015, manages facilities at stadiums, fields or courts, using tech. It sustains over 25,000 subscribed swimmers and more than 25 all-weather swimming academies across NCR and Hyderabad. It has raised $400,000 in two rounds and $1.5 mn in pre-Series A funding from SRI Capital, Sprout Capital, IPV Capital.

ST Telemedia to invest Rs 1100 cr for development of data centre campus in Noida

Singapore-based ST Telemedia plans to develop a greenfield data centre campus in Noida. It would develop IT capacity of 18 MW at an estimated investment of ₹600 cr in the first phase, and 36 MW IT capacity with an investment of ₹ 500 cr in the second phase. The campus is expected to create 30-40 direct and 550 indirect employment avenues. The total investment would be around ₹1,100 cr with 80 direct and 1,000 indirect and induced employment avenues.