BANGALORE: Infosys will pay its new chief executive officer Vishal Sikka up to $ 5.08 million in annual salary besides a stock option of $ 2 million, a package considered lower than global peers. Sikka, 47, will replace SD Shibulal and take charge on August 1. India’s second-largest software services exporter sent out a circular calling for an extraordinary general meeting (EGM) of company shareholders on July 30 at Bangalore to approve appointment of Sikka as the new Chief Executive Officer (CEO). According to the circular, Sikka will be paid an annual base salary of $ 9,00,000 and annual variable pay of $ 4.18 million.
TAIPEI, Taiwan — Market capitalization of Taiwan Semiconductor Manufacturing Co. (TSMC,台積電), the most heavily weighted stock in the local market, hit a record high Wednesday after the stock steamed ahead amid optimism over its earnings outlook. TSMC rose 3.52 percent to close at the day’s high of NT$132.50 with 51.46 million shares changing hands on the Taiwan Stock Exchange. The buying spree took place on optimism over the chip-maker’s earnings prospects.
Hon Hai Group has purchased 2.45 million shares of SK C&C, a subsidiary of South Korea’s SK Group, representing a shareholding of 4.9%. Hon Hai published a report, stating that as a long-term investment, its subsidiary Best Leap Enterprises Limited acquired 2.45 million shares of SK C&C, with the price of KRW155,500 per share. The total trading value was KRW380.975 billion, which was about CNY2.34 billion.
TAIPEI, Taiwan — MediaTek Inc. (聯發科), one of Taiwan’s leading integrated circuit designers, said Wednesday that it is planning to expand its research and development in Singapore and set up an innovation center in the city state. MediaTek said it is committed to spending S$250 million (US$200 million) over the next six years to expand its R&D operations there. The IC designer added that the center will focus on development of applications to explore business opportunities in the consumer, medical and Internet of Things areas.
The budget smartphone market in India keeps getting more crowded by the day. Just a week ago, Google announced plans to build and sell affordable Android One smartphones in India in partnership with local phone makers. But before Google’s phone could arrive, Indian ecommerce leader Flipkart has pressed ahead by launching a range of budget smartphones, starting at INR 2,699 (about US$45), in partnership with smartphone maker Karbonn.
SINGAPORE: 1-Net Singapore is launching a new centre to meet growing demand for data hosting and other data-management services, to be ready by the last quarter of 2015. The new data centre, 1-Net North, will be Singapore’s first Tier III data centre certified by the Uptime Institute, a research organisation and consultancy focused on improving data-centre performance and efficiency. A Tier III data centre allows for any planned maintenance activity to take place without disrupting operations of hardware located in the centre.
BBS Group and EnVerv, Inc. announced today their collaboration on a range of Advanced Metering Infrastructure (AMI) products. The Metator Smart Meter family covers applications for residential, commercial and industrial AMI metering in which EnVerv’s EV8010 Power-Line Communications (PLC) modem will be employed as the communication platform. “We selected EnVerv as our AMI technology solution due to the superior performance of EnVerv’s modems under challenging network conditions and the fact that EnVerv offered the highest density and the lowest bill of material for its external circuitry”, said Behrouz Gholamrezaey, Chairman and CEO at the BBS Group.
SAN FRANCISCO: Facebook Inc wants its users in India to hang up on advertisers. The Internet social networking company is testing a new type of ad in the country that allows mobile phone users to click a button that calls a brand advertiser, immediately hangs up and then receives a return call. The return call delivers pre-recorded audio messages about everything from sponsored cricket scores to information about shopping discounts, minimising data charges for the user. The so-called “missed call” ad was specially created by Facebook to appeal to users in the world’s second-most populous country, and potentially in other emerging markets.
Nokia Networks strengthens its position as the top non-Chinese vendor in the second phase of a significant TD-LTE tender with the world’s largest wireless operator, China Mobile. Announcing this recently, the networking infrastructure provider said that it is is the only non-Chinese vendor to win a double-digit unit share in China. With this contract, Nokia Networks further expands its 4G footprint in China to cover 18 out of 31 provinces, including mega cities and provinces such as Beijing, Shanghai and Guangdong, and builds on over 20 years of successful cooperation between the two companies, the company said in its statement.
Expect more wearables, robots and even electric cars to come from manufacturing giant Foxconn Technology Group, as the Taiwanese company tries to reinvent itself as a broader technology service provider. While Foxconn now mainly manufactures products for vendors like Apple and Sony, the company is hoping to seize on new opportunities emerging in the market. “When a typhoon comes, even a pig can fly,” joked Foxconn’s CEO Terry Gou at its annual shareholders’ meeting on Wednesday.
Equinix has started off the second phase of its third International Business Exchange (IBX) data centre, HK3-II, in Hong Kong, the data centre company announced today. The additional investment of US$23 million provides space for an additional 650 cabinets, which brings the total capacity to 2,700 cabinets. According to Equinix’s media statement, HK3-II has direct fiber connectivity to its other IBX data centres in the city via the Equinix Metro Connect, a service that provides reliable network connectivity, allowing customers in HK3 to easily expand their businesses within the Equinix platform.
Hospital LAN Network implemented by Huawei team reduced downtime by 70 percent and increased productivity by 25 percent. Dubai – Huawei, a leading global ICT solutions provider — announced today the successful completion of a Local Area Network (LAN) deployment for UAE based Thumbay Group , allowing for it to provide a network across its range of hospitals across the Emirates. Thumbay Group , an international business conglomerate of companies, focusing mainly in the healthcare sector, commissioned Huawei to develop a LAN network that would link its four UAE GMC Hospitals.
Data center service provider Internap has expanded its bare-metal public cloud service to data centers in London and Hong Kong. The service was previously available at the company’s Amsterdam, Singapore, Dallas, New York and Santa Clara, California, locations. Bare-metal cloud servers are essentially dedicated managed servers customers can provision like they provision cloud virtual machines. The offering, also available from Internap rivals like Rackspace and IBM SoftLayer, provides performance of dedicated servers along with elasticity of a public cloud service.