ATOS ACQUISITIONS
Big banks eye QR codes amid fintechs’ credit push; Google’s Prabhakar Raghavan on AI regulation & future of search
With fintechs such as Paytm and PhonePe entering the credit ecosystem, ICICI Bank, Axis Bank, HDFC Bank and others are trying to get merchants to opt for their QR codes. But will merchants using Paytm or PhonePe’s black-and-white squares switch to their bank’s quick response codes? Or will it be just another sticker among others crowding their shopfront? This and more in today’s ETtech Morning Dispatch.
Cognizant's $570 million trade-secret case win against Syntel thrown out on appeal
The New York-based 2nd US Circuit Court of Appeals said Cognizant was not entitled to the damages under the federal trade secret law and ordered a Manhattan federal court to reconsider based on other grounds.
French tech company Atos rejects bid interest valued at $4.1 billion for its Evidian arm
"Following the thorough examination of this preliminary and non-binding mark of interest, and upon the recommendation of its ad hoc committee, the board of directors has convened and unanimously concluded that it is not in the interest of the company and its stakeholders," said Atos.
India talent base is critical to our long term growth strategy: Atos Group CEO
“India is increasingly important as a growth engine of the company,” Belmer told ET on his maiden visit to India since taking charge of the €2.9-billion company just about 100 days ago.
Roadblocks ahead as Indian IT moves into high gear
Top Indian IT companies are expected to post double-digit growth rates amid high demand for their services globally, but several factors — including a talent crunch and margin pressure — may force them to look at the rear-view mirror more closely.
French technology firm Atos will recruit about 15,000 people in India over the next 12 months
India is an important market for the French firm, which is partnering with the government on the National Supercomputing Mission. Atos has invested in NSM by way of assembly and testing of high-performance computers. The French technology firm will recruit about 15,000 people in India over the next 12 months, adding to its existing workforce of 40,000 in the country.
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Sony gets on the gravy train; Tata's online warchest
Sony, which launched its Innovation Fund five years ago to invest in seed to early-stage startups worldwide, is now setting up a venture capital arm that will invest exclusively in Indian startups, sources told us.
Atos to hire about 15,000 people in India over the next 12 months
India is an important market for the French firm, which is partnering with the government on the National Supercomputing Mission.
Atos makes three more acquistions while reporting a drop in revenue
Atos' acquisitions of Canada's Processia, UK-based Ipsotek and German cybersecurity firm Cryptovision come months after the IT firm discontinued talks to buy US-based DXC Technology in an over $10-billion deal.
ETtech Morning Dispatch on Feb. 3, 2021: Jeff Bezos to step down as Amazon CEO, Expanded 'Google Tax' in India
Jeff Bezos will step down as Amazon CEO later this year, to be replaced by AWS' Andy Jassy. Closer home, 'Google Tax' will now cover more foreign entities, and ADB is in talks to set up GIFT City's fintech hub. Here's a look at the top tech news to start your day.
Atos ends talks with DXC for a potential acquisition
Atos and DXC have “agreed to discontinue further discussions” on the acquisition proposal. The combined entity would have created a total workforce of 75,000 people in India.
European shares rise on recovery hopes, technology shares gain
An upbeat mood from Asian markets spilt over to Europe in early trading on hopes of more stimulus for the U.S. economy.
Atos-DXC merger, if successful, won't pose a threat to Indian IT firms
If not a threat, the Atos-DXC merger will at least allow the combined entity to compete with the likes of TCS, Infosys, Accenture and IBM, especially in the cloud-services space, Greyhound Research CEO Sanchit Vir Gogia says.
French IT firm Atos makes $10 billion DXC takeover approach: Sources
Atos, which is working with advisers on a bid for the former Hewlett Packard Enterprise business, made a formal approach to New York-listed DXC this week, the sources told Reuters on condition of anonymity.
Investors raise the bar for Baring’s Hexaware delisting ahead of board meet
Analysts said going by past deals in the IT sector, the offer price can be raised.
PoS 2.0, and Android’s the name of the game
Worldline takes on competition offering enhanced features on Android terminals.
After Mindtree, it’s NIIT Tech: Why is midcap IT selling like hot cakes?
Some like Morgan Stanley says the exit of the promoters indicates that the best is behind.
Time Mindtree, L&T top brass sat and talked real business: Phaneesh Murthy
The only logical way forward for Mindtree founders is to sit together and agree on a common framework to operate .
I would love to do another Dell, says NTT data services CEO
Pryor talked to about his firm’s plans and prospects, and how India is critical to its push to platform-based services.
Cognizant top IT stock pick in 10 yrs
At the No. 2 spot is Canadian IT services player CGI, whose scrip rose 363 per cent.
Worldline SA to pay $105 million for Chennai-based MRL Posnet
The transaction will add to Worldline's margins immediately and has been financed through internal accruals.
Apax pullout from IGate could trigger bidding war: Capgemini, Atos & Genpact in race for stake
US-listed company has been put on the block by Apax Partners, which owns about 30% of the company. Apax had financed IGate’s $1.2-billion takeover of Patni.
After Capgemini, Atos Origin to bet big on India, hire 10,000 staff
Atos Origin is the new competition for Indian IT cos, as it plans to add about 10,000 staff to more than double its workforce in India by 2016.
RIL co, French IT services major Atos in race to man PSB ‘swipe’
India has more than 314 million debit cards but less than 10% of them are used for transactions at shops.
IT's European Links: Infosys, Wipro, TCS and HCL Tech plan acquisition of small French & German players
Three planned acquisitions, each valued at under Rs 270 cr in Germany and another in France valued at a little over $100 mn, are in the final stages.
PE firm Blackstone inks India’s biggest commercial real estate acquisition deal
Blackstone has inked a deal which will give it 50% stake in a Bangalore builder-owned portfolio of 3 biz parks for $200 mn.
Post-Siemens deal, Atos Orgin plans to grow to 10,000 people in India
In an interview with ET Bureau, Gilles Grapinet, member of the executive team of Atos reporting to CEO Thierry Burton speaks exclusively to N Shivpariya.
Atos acquires Siemens IT Solutions and Services
Atos said it has completed the acquisition of Siemens IT Solutions and Services GmbH, the holding company of all IT activities of engineering giant Siemens.
Europe’s card services company to buy Venture Infotek for $100 million
This will be the largest deal in the payment space, bigger than KKR’s acquisition of ICICI Bank’s merchant acquiring business.
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