In Brief: Infosys wins ISO 27701 accredited certification; Oyo trims workforce

In Brief: Infosys wins ISO 27701 accredited certification; Oyo trims workforce
Photo Credit: Reuters
3 Feb, 2020

Bengaluru-based information technology (IT) services major Infosys has been awarded the accredited certification on ISO 27701, the international standard on data privacy, by Bureau Veritas Certification (BVC). The certification provides a framework on Privacy Information Management Systems (PIMS) to help companies fine-tune their data privacy practices and keep pace with the changing privacy threat and regulatory landscape through a rigorous risk and compliance-driven approach, according to a statement. 

Also Read: Infosys exits three-year investment in Danish AI startup Unsilo at a loss

OYO lays off another 360 from the US

Hospitality major OYO Homes & Hotels has laid off around 360 employees in the US, more than one-third of its workforce in the country, The Skift reported. Business development managers, talent acquisition leads, and area general managers have been affected, the report said. California has lost over 50 business development managers and Florida saw more than 20 firings in the same category. Last month, the company had fired 200 employees from its Delhi office. 

Ola to launch services in London on February 10

Bengaluru headquartered ANI Technologies, which owns and operates cab-hailing company Ola, is launching operations in London on February 10, 2020. Some 20,000 drivers have already registered on its platform, it said in a statement. Ola serves in over 250 cities around the world in India, Australia, New Zealand and, United Kingdom.  

Flipkart, Amazon to approach the government for clarification on budget proposal

E-commerce giants Amazon India and Walmart-owned Flipkart are expected to approach the government regarding the budget proposal on levy of 1% TDS (tax deducted at source), which will increase the burden on sellers, The Economic Times reported. An Amazon India spokesperson has reportedly said the company is studying the details and will reach out to the government for clarifications. 

Altair partners with Startup India to launch Altair Start-up Challenge 2020

Global technology company Altair has launched Altair Start-up Challenge 2020 in partnership with Startup India, an initiative by the government of India, a press statement said. Through its challenge, Atair aims to identify, support, mentor and reward budding startups with its simulation, optimisation, and machine learning (ML) technologies.  The 2019 inaugural challenge chose 10 finalists amongst 206 participating companies.