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Infosys's new CEO Vishal Sikka may set up corporate venture arm

BANGALORE: Infosys' newly appointed chief executive Vishal Sikka could look at setting up a corporate venture arm, which will tap into new ideas that can be fed back into the parent company as the Bangalore-based software exporter tries to fill the missing innovation strand.

The corporate venture arm, the first by any Indian IT services company, could be modelled on the lines of SAP Ventures , which invests $5-20 million (Rs 30 crore to Rs 120 crore) in startups, experts and company executives believe.

"Such a thing is not on the table for now but without a doubt the new CEO would closely consider it once he comes on board," said the head of one of the practice heads at Infosys.

In the last fortnight, Sikka has met with clients and venture capitalists in California though ET could not independent verify if the talks centered on this subject. To start with, Sikka could look at Infosys' corpus of $100 million (Rs 600 crore) which it planned to plough back into startups to find the next big product.

Microsoft increases free OneDrive, Office 365 storage

NEW DELHI: Microsoft has increased the free online storage it provides with OneDrive and Office 365 by more than double and + reduced the prices of its cloud offerings with the two products.

OneDrive users will now get 15GB of free storage, up from 7GB that Microsoft earlier offered. This is the same amount of storage that Google users get when they sign up for an account.

The company has also brought down the prices of cloud storage by 70%. The 100GB and 200GB OneDrive storage plans can now be purchased for a monthly price of $1.99 (earlier $7.49) and $3.99 (earlier $11.49), respectively.

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