Yahoo downsizes operations in Bangalore

October 8, 2014

Yahoo Bangalore

San Francisco, Oct 8: Yahoo Inc is reducing the size of its operations in Bangalore, the Internet company’s largest engineering facility outside its California headquarters.

The company said in a statement on Tuesday it was consolidating “certain teams into fewer offices” in Bangalore, but that it would continue to have a presence there.

The move comes more than a week after activist investor Starboard Value LP publicly pressured Yahoo to cut what it referred to as a “bloated” cost structure. Yahoo, a one-time Internet pioneer, is trying to revive stagnant revenue growth under the leadership of Marissa Mayer, who took the helm as Chief Executive two years ago.

Mayer has weighed layoffs in Bangalore since early in her tenure, people familiar with the matter previously told Reuters.

Yahoo had roughly 2,000 employees in Bangalore in March 2013, according to the sources. At the time, Mayer was weighing bringing certain jobs in India back to Sunnyvale, California, to unite more of Yahoo’s product development at the home base, one of the sources said at the time.

“As we ensure that Yahoo is on a path of sustainable growth, we’re looking at ways to achieve greater efficiency, collaboration and innovation across our business,” Yahoo’s statement on Tuesday said.

Shares of Yahoo were down 1.1 per cent at $41.04 in midday trading on Tuesday.

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Agencies
June 18,2024

New Delhi: Congress leader Rahul Gandhi on Tuesday hit out at Prime Minister Narendra Modi for maintaining "silence" on the NEET exam issue and asserted that his party is committed to strongly raising the voice of the youth from the streets to the Parliament for ensuring strong policies against paper leaks.

The former Congress president said the arrests made in Bihar, Gujarat and Haryana clearly show that there has been organised corruption in the examination in a planned manner and added these BJP-ruled states have become the "epicentre" of paper leaks.

"Narendra Modi, as usual, is maintaining silence on the tampering with the future of more than 24 lakh students in the NEET examination," Gandhi said in a post on X in Hindi.

"The arrests made in Bihar, Gujarat and Haryana clearly show that there has been organised corruption in the examination in a planned manner and these BJP ruled states have become the epicentre of paper leak," he claimed.

In the manifesto, the Congress had guaranteed to secure the future of the youth by making strict laws against paper leaks.

"While fulfilling the responsibility of the opposition, we are committed to formulate such tough policies by strongly raising the voice of the youth from the streets to the Parliament and putting pressure on the government," he said.

Gandhi's remarks came after the Supreme Court on Tuesday said even if there was "0.001 per cent negligence" on the part of anyone in the conduct of the NEET-UG 2024 examination, it should be thoroughly dealt with.

Observing that students have to labour hard while preparing for these examinations, the apex court said the litigation pertaining to the National Eligibility-cum-Entrance Test (Undergraduate)-2024 examination ought not be treated as adversarial.

"Even if there is 0.001 per cent negligence on the part of anyone, it should be thoroughly dealt with," a vacation bench of Justices Vikram Nath and SVN Bhatti told the advocates appearing for the Centre and the National Testing Agency (NTA).

The NTA conducts the all India pre-medical entrance test.

The bench was hearing two separate petitions raising grievances, including on grace marks given to the students in the examination held on May 5.

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News Network
June 20,2024

NET.jpg

Amid the massive row surrounding the cancellation of the UGC-NET exam, the Education Ministry has said that the test was scrapped because its integrity may have been compromised and has emphasised that it won't hesitate to take action against anyone.

Govind Jaiswal, joint secretary in the Education Ministry, told the media that the exam, for which over 11 lakh students had registered, was cancelled on the basis of inputs received from the Indian Cyber Crime Coordination Centre. The exam, which was held on Tuesday, was cancelled yesterday.

"The matter has been handed over to the CBI for a thorough investigation. A fresh examination shall be conducted, for which information will be shared soon," he said.

The ministry, he said, will not hesitate in taking action against those involved in wrongdoing. "At this level, when the investigation is underway, we can't disclose more details. NTA has its own mechanism and a lot of other stakeholders are involved. This all is under investigation," he said.

The exam was conducted by the National Testing Agency, which is under fire for alleged irregularities in the National Eligibility cum Entrance Test for admission to medical colleges. A total of 24 lakh aspirants took the exam. Reports of irregularities have now prompted nationwide protests and triggered demands for a re-test.

The government, he said, has taken proactive steps.

The ministry official also responded to questions on why the exam was conducted in OMR (pen and paper) mode this time -- a shift from the earlier practice. "Based on NTA's experience of four years, inputs were received from different stakeholders and this decision was taken."

UGC-NET is a test to determine a candidate's eligibility for the post of assistant professor in universities and colleges, and also for the award of research fellowships. The Education Ministry yesterday ordered that the exam -- held Tuesday -- be scrapped after inputs that its integrity may have been compromised.

The cancellation of the UGC-NET examination amid the ongoing protests against the National Eligibility cum Entrance Test (NEET) has provided fresh ammunition to the Opposition parties to target the Narendra Modi government ahead of the Parliament session.

The Congress described the Narendra Modi-led NDA government as "paper leak government". Other members of the INDIA bloc, including Samajwadi Party, Trinamool Congress and Shiv Sena (Uddhav Balasaheb Thackeray) have also slammed the government over the two exams.

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News Network
June 22,2024

Over a week after a devastating fire in Kuwait killed 50 people, the Ministry of External Affairs said 17 injured Indians are still admitted in hospitals there and all are stable.

The Indian embassy is in touch with the local authorities, the patients and their kin to ensure their well-being, it said.

The massive fire had occurred at a seven-storey building in Kuwait’s Mangaf city in the southern Ahmadi Governorate on June 12 and at least 45 Indians died in the tragedy. The building was home to 196 migrant workers, mostly Indians.

The NBTC Group, where the victims of the fire tragedy were employed, recently issued a statement, extending its deepest condolences and sympathy to the families of the victims and injured.

In response to a query at a weekly media briefing here, MEA spokesperson Randhir Jaiswal said that on the part of the Kuwaiti government, the Emir has announced USD 15,000 as compensation for the families of the people who have died in the fire incident.

The company has announced payment of Rs 8 lakh to the next of kin of people who have died, he said.

“This fire tragedy happened on June 12 and 45 Indians died, their mortal remains were brought to India on June 14. There are still 17 Indians who are injured, they are in hospitals. But, they are all stable. The (Indian) Embassy is making daily rounds, the embassy is in touch with the local authorities, the hospital authorities and even the patients and their family members to ensure their well-being,” Jaiswal said.

He said as far as compensation is concerned, the prime minister had announced on June 13 an ex gratia of Rs 2 lakh to the families of people who had died and Rs 50,000 for the injured people.

In addition, different state governments have also announced their compensation for those who have died in this tragedy, the MEA spokesperson said.

In addition, the insurance money will also come from the insurance company, he said.

The company is also providing a compensation of Rs 2 lakh to all the injured and their medical expenses are being covered by the company. It will also undertake rehabilitation of those who are injured, Jaiswal said.

A C-130J IAF aircraft carrying 45 bodies landed at the Kochi international airport on June 14 morning. Thirty-one bodies were received at the airport by Central and state ministers, including Kerala Chief Minister Pinarayi Vijayan.

The remaining 14 bodies were sent to Delhi in the same aircraft as a domestic flight from Kochi, and after being brought to Delhi were sent on to their forward journey. 

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