Oracle launches startup incubator in Bengaluru The announcement comes close on the heels of Oracle CEO Safra Catz announcing a $400 million investment into the Bengaluru technology centre. During her testimony, Catz said she encountered Google general counsel Kent Walker at a bat mitzvah in 2012.According to Catz, Walker approached her and said: "You know Safra, Google is a really special company and the old rules don't apply to us. Oracle to acquire cloud software provider Opower As per the deal, Oracle will pay $10.30 for each outstanding Opower share. 75% of management is from India: Oracle CEO Safra Catz, global CEO of the $40-billion software major Oracle Corporation, which has nearly 30% of its employees in India, is enthused by the policies of the Modi government and sees its investments accelerating here. "It had a very negative impact," Catz said.Samsung, for instance, reduced payments from about $40 million to about $1 million, Catz said.Amazon had traditionally used Java to develop its Kindle reader, Catz said, but switched to Android for the Fire.

Source: Times of India May 17, 2016 23:54 UTC