Monday, 5 December 2016

News Digest: Google's India revenues jump 44% to touch Rs 5,904 in FY2016

THE TIMES OF INDIA
Tuesday, December 06, 2016
Today's Headlines

Google's India revenues jump 44% to touch Rs 5,904 in FY2016
Google India's annual revenues jumped 44% with business doubling in the past two years. Google India Pvt Ltd posted a turnover of Rs 5,904 crore during the year to March 2016, outstripping its last year's growth of 35% to Rs 4,108 crore.

Infosys assigns 'profit & loss' responsibilities to horizontal delivery heads
In addition to asking industry unit heads to run their business with separate profit and loss statements, Infosys is working on making its horizontal delivery heads operate under a P&L structure as well, as it looks to boost growth.

India's internet population expected to double to 600 million by 2020: Study
With increased 4G and 3G penetration, the internet user base in India is rapidly expanding and has reached a penetration of over 27% versus 50.3% penetration in China and expected to double to 600 million users by 2020 from 343 million users currently, according to an Assocham-Deloitte joint study.

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