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Tesla, Samsung oppose new US tariffs on Vietnam as probe deadline nears
Businesses are divided over whether Washington should propose new tariffs on Vietnamese goods this month, with Tesla and Samsung not in favour, while others have called for penalties, submissions to the US government show.
Tesla, Samsung oppose new US tariffs on Vietnam as probe deadline nears
A trade investigation into Vietnam's intellectual property practices is nearing a conclusion with a November 29 deadline. Various industries have conflicting views on whether new tariffs should be imposed on Vietnamese goods. Tesla and Samsung are against additional tariffs, while steel and wood sectors advocate for penalties. Vietnam has faced escalating exports to the US, surpassing its previous trade standings.
Bridging the AI production gap: Over 100,000 Indian engineers trained to Build with Gemini
India is seeing a significant shift in its technology workforce towards enterprise AI integration and solutions. The Build with Gemini initiative has trained over 100,000 developers and architects across several major organizations. This transition emphasizes the need for professionals skilled in engineering AI for production. Global System Integrators are crucial in facilitating this workforce transformation. The evolution aims to position India as a key player in AI architecture and engineering.
Warren Buffett and his arithmetic: Why one might be better without dividend
He could have called it a record and nobody would have argued. Instead he opened with the bad news, explained why the number was not good enough, and promised not to move the measuring stick to make himself look better. Then he spent several pages proving, with arithmetic, why he will not pay his shareholders the dividend many of them keep asking for. All that in one letter to shareholders from Warren Buffett.
Another Indian to head Adobe: Are they better at running Big Tech?
The question is no longer why a few Indians have made it to the top. It is why so many of them appear particularly well suited to running some of America's largest and most complex technology companies.
Cybersecurity to present new opportunities for IT services providers
At present, almost half of enterprise outsourced cybersecurity spending, on average, goes to security operations centres (SOC) and security information and event management (SIEM) services.
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Persistent aims to cross $1 billion in revenue, may raise dividends
The company expects to sustain margin amid early signs of steady attrition. In addition, investors may expect a higher dividend payout for FY23 as the company has no immediate capital expenditure (capex) plan after adding fresh capacity in FY22.
Persistent Systems, IBM expand their 20-year collaboration again
Persistent Systems is expanding further its collaboration with IBM, less than a month after the Pune-based IT firm joined the partner ecosystem of the American company.
Persistent Systems deepens ties with IBM by joining its partner ecosystem
Persistent Systems has nearly a decade of experience as a key development, support and deployment partner across the IBM Automation portfolio.
Persistent Systems targets $1 billion in revenues
Sandeep Kalra, who has just taken over as the CEO, has since May 2019 been running the company's key technology business unit that accounts for almost 80% of its revenue.
IBM, Persistent Systems collaborate on IBM Cloud Pak deployment and core IT modernization for enterprises
Pune-based Persistent also announced a new IBM Cloud Pak deployment practice to help organisations migrate and modernise IBM workloads across all cloud environments, including IBM public cloud and IBM Cloud services.
Persistent Systems sinks as Q2 results disappoint
The stock posted its biggest daily percentage loss since February 2.
Persistent Systems to host 12-hour hackathon under IBM's Call for Code initiative
Persistent, which is one of the partners for the programme, will conduct the hackathon at its offices in Pune, Nagpur and Goa.
Persistent begins search for new MD to meet Sebi norms
Sebi had in May this year asked listed companies to split the posts and set a deadline of April 1, 2020 to comply.
Persistent Systems to invest in improving sales channels
The company announced its first quarter results on Saturday, reporting a 16.3% increase in profit at Rs87.34cr and revenues of Rs 834.28 crore, up by 14.6%.
Growth is happening in newer businesses we are focussing on: Anand Deshpande, Persistent Systems
"The services and the IBM business unit did better and they had growth as compared to Accelerite and digital. But these are just short-term pluses and minuses," said Deshpande.
Digital business has grown by 11% this quarter: Anand Deshpande, Founder & CMD, Persistent Systems
For this quarter the growth on the digital side of the business is almost 11 per cent and for the year. We have grown more than 50 per cent during the whole year on digital business, he said.
Digital business generates better rates for us: Anand Deshpande, Persistent Systems
Anand Deshpande, Persistent Systems we find that the digital business generates much better rates for us and better margins.
How to keep up with latest tech and expressions: Anand Deshpande, Persistent Systems
We are trying to get more and more in the outcome business and I think if that happens at the pace that we want it to be, then you will see improvements in margins.
Alliance with IBM to give 15% boost to revenue on Y-o-Y basis this year: Anand Deshpande, Persistent Systems
"I think there are definitely large opportunities for growth for the company, if you look at it in the long term."
IBM alliance has contributed to both top line and bottom line: Anand Deshpande, Persistent Systems
"On annual terms the total growth was 351.65 million US dollars, which was a 14% growth. In rupee terms that was Rs 2,312 crore."
Persistent Systems may get 100 million users for Hoopz through partnerships with mobile companies
Hoopz is a platform that can bring in artificial intelligence software on a device and can be used for web, content, commerce and application discovery solutions.
Persistent Systems to set up new subsidiaries; expects 15% growth from IBM Watson alliance
Persistent Systems today said that the alliance with IBM Watson announced last week could add up to 15-20% to the company’s revenue in FY17 over the FY16 base.
Persistent Systems announces leadership and organisational restructuring
Sudhir Kulkari will be President, digital business, which will focus on the ‘how’ of digital, bringing together data, APIs and experiences.
Persistent Systems soars as company ties up with IBM to enhance client service
The company said it is working in partnership with global technology giant IBM to improve and transform engineering processes and integrated consulting services.
Persistent Systems launches specialised engineering services for IBM Watson IoT platform
Persistent has launched a specialised engineering service for the IBM Watson IoT platform towards improving and transforming engineering processes
Stock buzz: Persistent Systems seen rallying upto 15% by month-end
Institutional buying is making a comeback, a positive surprise has come from IBM, attractive valuations, they are two-three factors which make the stock attractive.
Persistent shares touch new 12-month high on robust demand outlook
Shares of Pune-based software firm Persistent Systems touched a new 12-month high on Friday, going up 4.6% to Rs 523, in mid-morning trade.
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