A40 BUSINESS India Abroad May 2, 2014
Biju Nair appointed CTO of eRecyclingCorps
Entrepreneur and business leader Biju Nair has been
appointed as the Chief Technology Officer of
eRecyclingCorps (eRC). The Irving, Texas-based company
specializes in the safe disposal and re-use of mobile technology devices.
Nair, who has more than 20 years of experience in the
information technology industry, will leave his position as
senior vice president and chief strategy officer for
Synchronoss Technologies, Inc.
Biocon chief kicks up controversy with Rohan
Rohan Murty, who works with his father N R Narayana
Murthy, chairman, Infosys, has impressed the company’s
newly-appointed independent director and Biocon chairperson, Kiran Mazumdar-Shaw.
Mazumdar-Shaw, also a member of Infosys’ nomina-
tions committee, tweeted, ‘At a recent Infy board meeting,
I was most impressed by Rohan Murty’s brilliant tech-
loaded presentation, which will enormously benefit Infy.’
The tweet raked up a controversy with people in directo-
rial level positions saying board proceedings should not be
taken to the social media.
Mazumdar-Shaw later apologized for the remarks, saying, ‘I apologize for this inadvertent and improper tweet
on Rohan Murty — I agree it was incorrect to do so.’
Abbott wins patent battle against Glenmark
Illinois-based Abbott Labs has won a patent battle
against Mumbai-based Glenmark Pharmaceuticals related
to the generic launch of Abbott’s version of anti-hyperten-sion drug, Tarka.
The US Court of Appeals for the Federal Circuit upheld
a lower court’s order, saying Glenmark infringed Abbott’s
patent on the drug by launching a copycat in June 2010.
According to analysts, Glenmark will have to pay a penalty of $16 million, following the latest verdict.
Infosys to boost US, Europe sales teams with
Infosys’s focus will be local hires, to ensure better min-
ing of existing clients and new business acquisition, the
company’s president, U B Pravin Rao, told Business
As of end-March 2013, Infosys had 1,152 sales and marketing professionals, most of whom were based in
America and Europe. The decision to strengthen the sales
teams in these regions comes at a time when Infosys has
been seeing slower growth in these key markets, which
account for nearly 75 percent of overall revenue. In the
January-March quarter, there was a 0.8 percent quarter-on-quarter decline in revenue from North America.
Revenue from Europe grew a tepid 1 percent.
Wipro selects Europe as focus market
Wipro disagrees with one aspect of the growth strategy of its peers. At a time when most Indian Information
Technology service companies plan more attention on
emerging markets, since growth in developed regions
appears to have plateaued, Wipro says it has chosen
continental Europe as a focus market, along with
America, Britain and India.
India should embrace modern economy path:
US think tank
With a new government due to be formed in India in
less than a month, an American think tank has urged
the country to embrace a path towards the modern
economy to reverse its slow growth.
The Information Technology and Innovation
Foundation said in its report, The Indian Economyata
Crossroads, that India’s economic success is threatened
by innovation mercantilist policies like Preferential
Market Access rules for government procurement of
ICT products and compulsory licensing of bio pharmaceutical intellectual property.
Infosys chief compliance officer quits
In another senior-level exit, Infosys said Chief
Compliance Officer Nithyanandan Radhakrishnan had
resigned to become an independent consultant on global legal matters. He was among those inducted into the
executive council (disbanded) last year after co-founder
N R Narayana Murthy returned as the executive chairman.
The company has appointed Company Secretary and
Chief Risk Officer Parvatheesam Kanchinadham as
chief compliance officer.
Cognizant buys itaas
Cognizant has entered into a definitive agreement to
acquire itaas, an Atlanta-based digital video solutions
company, for an undisclosed amount. It is expected to
enable Cognizant to capitalize on the growing demand
for greater interactivity, higher personalization and
innovative content delivery in the multi-screen and
itass was founded in 1999 by Vibha Rustagi, Jatin
Desai and Jaspal Bhasin.
India prepares to battle US
pressure on trade laws
The Indian government held a high-level meeting April 21 to discuss apprehensions that the
United States government might impose sanctions
against Indian companies on the ground of a lax
intellectual property rights regime.
‘It has been decided that India will not cooperate
with the US on any sort of investigation on Indian
IPR or trade laws,’ Business Standard quoted an
official as saying after Cabinet Secretary Ajit Seth
took a meeting of top bureaucrats over the issue.
India, it was decided, might take the US to the
World Trade Organization if such action was taken,
while keeping open the door for discussion to allay
perceptions on Delhi’s trade laws.
The office of the US Trade Representative was
expected to issue the ‘Special 301’ report by the end
of April or early next month. This is an annual sur-
vey in which the USTR is supposed to identify
countries that do not provide ‘adequate and effec-
tive’ IPR protection or ‘fair and equitable market
access to United States persons that rely upon IPR.’
Trade between the United States and India is
soon expected to cross $100 billion. The total
goods trade between the countries in 2013 stood at
$63.7 billion. US officials said India was the eighth
fastest growing source of foreign direct investment
into the US at $8.9 billion in 2012.
Mehrotra likely to
Shishir Mehrotra, You Tube’s head
of product and a longtime Google
executive, is likely to depart the
company, and move to an advisory
role at the premium online video
powerhouse. A spokesperson for the
search giant confirmed the latter to
Re/code, but would not confirm a
‘Several sources had said that
Mehrotra had recently been talking
to high-profile venture firms, as well
as several significant startups, about
new jobs,’ Re/codesaid. ‘The change
is significant. At You Tube, he is a
very big deal, responsible for product, engineering and user experience as well as monetization func-tions… The move is not a huge surprise, given Mehrotra was also a
candidate to take over You Tube, a
job that went to high-profile
Google advertising product exec
Vivek Gundotra, chief of Google’s
social networking venture Google+,
is leaving the Internet company after
nearly eight years.
The senior vice president (social) at
Google announced his departure in a
post on Google Plus, but did not
offer any reasons for his departure
nor did he reveal what he plans to do
‘I am excited about what’s next,’ he
the week that was
said. ‘But this isn’t the day to talk
about that. This is a day to celebrate
the past eight years. To cry. And
smile. And to look forward to the
journey yet to come.’
Google Chief Executive Officer
Larry Page praised Gundotra in his
own Plus post: ‘Vic — thank you for
a tremendous almost eight years at
Google... You built Google+ from
Chief of Google+ quits after 8 years
Vivek Gundotra Shishir Mehrotra
BECK DIEFENBACH/REU TERS DIMI TRIOS KAMBOURIS/GE TT Y IMAGES