India IT behemoths revamp culture to attract young talent, battle start-ups

By Nivedita Bhattacharjee MUMBAI (Reuters) – India’s oldest and most distinguished IT firms are doing what would have been almost sacrilegious a few years ago – holding coding marathons to develop innovative fixes and deploying “commando” units to resolve clients’ IT woes within hours. Infosys , Wipro and other Indian IT giants, which rose to prominence during the outsourcing boom in the 1990s and 2000s, have struggled to keep pace with mushrooming start-ups. Client demands are similarly changing in India’s $147 billion IT outsourcing industry.

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A third of world’s aquifers are being sucked dry: NASA data

By Chris Arsenault ROME (Thomson Reuters Foundation) – Human water use is sucking dry around a third of the world’s largest underground water basins at an alarming rate, with potentially risky consequences for farmers and other consumers, researchers said. Eight of the planet’s 37 biggest aquifers are classified as “overstressed” because they have almost no new water flowing in to offset usage, according to two studies from the University of California based on NASA satellite data

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Alwaleed backs Twitter interim CEO Dorsey, says brings continuity

Saudi Arabia's Prince Alwaleed bin Talal, one of Twitter's earlier investors, told Reuters he believed Jack Dorsey would bring continuity to the social messaging firm and he would back him if he wished to become chief executive permanently. Dorsey, a co-founder of Twitter, was named interim head last Thursday after Chief Executive Dick Costolo abruptly announced he was stepping down effective July 1. In a written statement to Reuters, Alwaleed said he “knew Dorsey well and that as one of the founders who knows the company very well he would bring the needed continuity” while the company searched for a new chief executive

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With CEO shakeup, Twitter under pressure to please advertisers

By Yasmeen Abutaleb SAN FRANCISCO (Reuters) – Twitter Inc's next chief executive officer faces a crucial challenge as the company seeks to appease Wall Street after last week's management shakeup – helping disaffected advertisers connect with users. Twitter's outgoing chief executive, Dick Costolo, resigned abruptly Thursday amid pressure from investors to increase the user base and improve what's known as direct response advertising, the most lucrative type on the microblogging site. Before joining Twitter in 2010, Bain served as president of the Fox Audience Network where he was responsible for monetizing advertising platforms across News Corp's web properties.

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Disney’s powerful marketing force: social media moms

Wendy Wright is a home-schooling mother of two, a prolific blogger and a self-described “Disney Nut.” Her cats are named Mickey and Minnie, and her blog is filled with advice for visiting Disneyland, tips for holding Disney-themed parties and reviews of Disney movies. Wright's enthusiasm for all things Disney eventually drew the attention of the Walt Disney Co , which invited her to join a carefully vetted group of roughly 1,300 Disney Social Media Moms.

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EU privacy reform: who pays when the rules are broken?

By Julia Fioretti BRUSSELS (Reuters) – New European Union data protection rules expected to be agreed on Monday will allow citizens to sue companies that own data as well as those that process it on their behalf, for example cloud computing providers. The new system is opposed by companies such as Germany’s SAP SE, International Business Machines Corp, Cisco Systems Inc and Amazon.com Inc who say it will kill off Europe’s cloud computing industry, as well as introduce uncertainty in business to business relations.

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Obama tweets, and a million follow: ‘It’s Barack. Really!’

By Roberta Rampton WASHINGTON (Reuters) – President Barack Obama sent his first tweet from his very own account on Twitter on Monday, quickly amassing a million followers in five hours, the latest of many White House efforts to amplify his message with social media. Really! Six years in, they're finally giving me my own account,” Obama tweeted from his verified @POTUS account.

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