Infosys CEO Salil Parekh dismisses growth concerns

Infosys CEO Salil Parekh dismisses growth concerns

2018-06-06T15:01:09+00:00 On

Infosys CEO Salil Parekh reassured investors that the IT services behemoth was not facing a growth crisis because of the replacement of traditional sourcing models with digital services. He said new age services — such as analytics, marketing, digital product design, digital…

Reliance Jio offers ‘play along’ features for TV broadcasters in India

Reliance Jio offers ‘play along’ features for TV broadcasters in India

2018-05-17T18:33:13+00:00 On

Reliance Jio Infocomm Ltd said it has tied up with Israel-based Screenz to offer interactivity and ‘play along’ features for television programs in India. With the help of the offering, television channels can keep their viewers engaged on a realtime basis using…

HCL Infosystem’s attempt to sell Middle East unit falls through

HCL Infosystem’s attempt to sell Middle East unit falls through

2018-04-16T09:41:35+00:00 On

HCL Infosystems said its deal to sell its Middle East and Africa unit for about Rs 7.34 cr has been canceled after the buyer failed to make payment. “The closure of transaction was subject to certain conditions precedent as specified in the…

Israeli company to supply tactical drones to India under JV with Cyient

Israeli company to supply tactical drones to India under JV with Cyient

2018-04-11T13:32:45+00:00 On

Cyient, formerly known as Infotech Enterprises, said it will form a joint venture with Israel-based BlueBird Aero Systems to manufacture drones for security use in India. The joint venture will be called Cyient Solutions & Systems Private Limited and will have 51%…

WhatsApp starts rolling out ‘verified accounts’ with IndusInd Bank

WhatsApp starts rolling out ‘verified accounts’ with IndusInd Bank

2018-04-03T14:13:51+00:00 On

WhatsApp, the biggest interpersonal text-messaging platform in India, has started rolling out its ‘verified accounts’ feature with IndusInd Bank as one of its first customers. For now, verified accounts are limited to businesses, and will be used to assure customers that they…

L&T Technology Services wins ‘multi-million dollar’ order from German plastic maker

L&T Technology Services wins ‘multi-million dollar’ order from German plastic maker

2018-03-22T17:27:39+00:00 On

Engineering services provider L&T Technology Services said it won a multi-million dollar project from Covestro, a Germany-based manufacturer of advanced polymer materials, to transform the company’s operations. The contract covers two major areas. First, L&T Technology Services will help Covestro migrate data…

Infosys to delist ADS from Euronext exchanges

Infosys to delist ADS from Euronext exchanges

2018-03-12T16:33:51+00:00 On

Indian outsourcing company Infosys said it will delist its American Depositary Shares from Euronext Paris and Euronext London stock exchanges due to low transaction volumes. American Depositary Shares (ADSs) are securities issued by banks in place of actual shares, which are kept…

JioTV adds multi-camera, multi-mic feature; VR coming soon

JioTV adds multi-camera, multi-mic feature; VR coming soon

2018-03-09T17:00:09+00:00 On

Reliance Jio, the 4G operator, said users of its JioTV streaming app can now choose any of the five camera angles while watching the ongoing Nidahas trophy as part of a new ‘interactive TV’ feature. Similarly, they can also choose to listen…

Under JioFi onslaught, Indian datacard brands exit the market

Under JioFi onslaught, Indian datacard brands exit the market

2018-03-09T10:41:26+00:00 On

Under an onslaught of cheap wireless internet devices from Reliance Jio, Indian brands such as iBall, Intex and Micromax have virtually exited the data dongle market, while the once dominant Huawei has been reduced to a 7% share, according to CMR. For…

Bharat Matrimony buys SecondShaadi.com from Vivek Pahwa

Bharat Matrimony buys SecondShaadi.com from Vivek Pahwa

2018-03-01T14:08:36+00:00 On

Matrimony.com, the company behind India’s largest matchmaking service bharatmatrimony.com, said it acquired divorcee-oriented secondshaadi.com for an undisclosed amount. “Secondshaadi.com is one of the early movers in this space and has built a good brand name,” said the acquirer. “Buying secondshaadi.com will help…

Facebook Pages now support Polls, Notes and other new features

Facebook Pages now support Polls, Notes and other new features

2018-02-02T17:29:20+00:00 On

Facebook, the largest social network on earth, has added several new features to its ‘Pages’ feature, including the ‘Poll’s option that was removed five years ago. Administrators of Facebook pages can now create a poll by clicking on the ‘+’ sign and…

Higher advertising costs limit Q3 margins at Info Edge India

Higher advertising costs limit Q3 margins at Info Edge India

2018-02-02T13:16:02+00:00 On

Info Edge India, which runs websites like jeevansathi.com and naukri.com, reported a 22% year-on-year increase in revenue and but the top line remained flattish on a sequential basis. Margins suffered due to higher advertising costs. Total billing during the third quarter increased…

Tata Communications joins Oracle’s ‘FastConnect’ network

Tata Communications joins Oracle’s ‘FastConnect’ network

2018-01-30T14:57:21+00:00 On

Enterprises using Tata Communications as their connectivity provider will now be able to send their traffic to Oracle cloud services privately without using the Internet. This is possible after the Indian network provider added support for Oracle’s FastConnect feature. FastConnect was earlier…

SAP to include HCL’s aviation industry solution in asset management platform

SAP to include HCL’s aviation industry solution in asset management platform

2018-01-30T20:44:47+00:00 On

HCL Technologies (HCL) said Germany-based enterprise software giant SAP has agreed to include, and resell, an ‘add on’ that it developed for aviation-related clients as part of a broader solution. The add-on will help clients streamline their ‘maintenance, repair and overhaul’ operations…

Tech Mahindra reports 13% QoQ jump in PAT due to tight control over costs

Tech Mahindra reports 13% QoQ jump in PAT due to tight control over costs

2018-01-29T16:16:01+00:00 On

IT services company Tech Mahindra reported a 13% sequential jump in its net profit despite modest growth, after it was able to keep costs almost static. Revenue in rupee terms rose 2.2% on quarter. Translated to dollars, it was up 2.5%. Year…