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Weekly Recap: Top 10 Stories On Channel Times

Here is a running recap of latest happenings in the IT Channel Industry.

Cisco’s Layoff Move Likely To Impact Its India Operations

Networking major Cisco Systems has reportedly announced the plans to layoff over 5000 employees. According to the media reports, Cisco is planning to lay off 5,500 employees, which account for nearly 7 percent of its workforce. The decision is likely to impact Cisco’s India operation, especially employees in its R&D center in the country. Read More

AskMe Suspends Business; Lays off Employees Without Pay

The consumer internet search platform AskMe has reportedly suspended its operations, laying off nearly 4000 employees. The company said t have taken the decision because of severe cash crunch. According to some media reports, its primary investor, Astro Holdings defaulted on payments to sellers, own employees and other dues. Read More

Alibaba Aims To Firm Up Its India Entry With Shopclues Deal

Chinese E Commerce giant Alibaba is reportedly planning to acquire online marketplace ShopClues.com. The move is considered to be an attempt to overtake the established OLS players in the country such as Amazon and Flipkart. According to the TOI report, Alibaba wants to merge the marketplace of Paytm, in which it has a stake, with the much bigger rival ShopClues. Read More

Karnataka Attracts Over 50,000 Cr IT Investment During FY 2015-16: Assocham

Karnataka has emerged as the most preferred investment destination in the country. The state attracted Rs 53,396 crore investments in the IT sector last financial year, a nearly 25 per cent of total Rs 2.2 lakh crore from both public and private sources across the country, says Assocham report. Read More

Twitter Suspends Over 3 Lakh Accounts Linked To Extremism

In an attempt to combat digital terrorism, Twitter has suspended 360,000 accounts linked to terror activities since middle of 2015. The company is its official blog post said that it has suspended an additional 235,000 accounts for violating company’s policies related to promotion of terrorism in the six months since February 2016. Read More

Assam Becomes The First State To Ratify GST Bill

The BJP led state of Assam made headlines by being the first state ever to pass the Goods and Service (GST) tax Bill.The GST is the biggest reform in the country’s indirect tax structure, the 122nd Constitutional Amendment was recently passed by the Rajya Sabha. Read More

Maharashtra CM Inaugurates 34 Cyber Labs on I-Day

Maharashtra Chief Minister Devendra Fadnavis on Monday announced the commencement of 34 cyber laboratories in various parts of the state as part of the government’s efforts to crack down on cyber crime. The cyber labs will be equipped to analyze mobile forensic and call detail records, is part of the state government’s proposed cyber crime project which is expected to be completed by December this year. Read More

Infosys’ RBS Contract Loss May Hit 3,000 Employees

In a big hit to Infosys, the Royal Bank of Scotland (RBS) has cancelled a major contract that will impact as many as 3,000 of Infosys’ employees and impact revenues for the year by about $40 million. The cancellation came following RBS’ decision to abandon its plan to float a separate standalone UK bank -Williams & Glyn (W&G). Read More

India’s Internet User Base To Touch 730 Mn By 2020: Report

India’s internet user base is expected to touch 730 million by 2020, the latest report by Nasscom and Akamai Technologies has revealed. According to ‘The Future of Internet in India’ report, India, whose Internet user base is second largest after China, will remain the fastest growing market. Read More

D-Link Announces Enhancement In VIP+ Incentive Program

D-Link today announced additions to its Value in Partnership+ (VIP+) incentive program, designed to reward and empower D-Link channel partners. The program offers solutions, training, tools, and support to help value-added resellers (VARs) accelerate growth. Read More

E-Tailers Give Digital Touch To Raksha Bandhan

E Commerce has deeply penetrated our day to day lives and given a digital touch to our traditional festivals. So now no more hassle and no more confusion… this Raksha Bandhan just got digital! Read More

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