Tata Communications buys Dutch IoT specialist Teleena

Tata Communications buys Dutch IoT specialist Teleena

2018-10-03T12:53:12+00:00 On

Tata Communications, the wholesale communication arm of the Tata Group, said it has agreed to buy Teleena, a Netherlands-based Internet of Things (IoT) connectivity specialist and mobile virtual network enabler (MVNE). The company was already the single largest shareholder in Teleena with a…

MCA orders inspection into Vakrangee’s accounts

MCA orders inspection into Vakrangee’s accounts

2018-09-29T14:22:59+00:00 On

Vakrangee Ltd, the Mumbai-based technology and distribution company, said the ministry of corporate affairs of India has ordered an inspection of its accounts for three years, and that PricewaterHouse will step down as the company auditor as part of the exercise. The…

TCS, Fortive expand partnership to IoT solutions

TCS, Fortive expand partnership to IoT solutions

2018-09-28T16:59:16+00:00 On

Outsourcing services provider Tata Consultancy Services and instrumentation and industrial automation company Fortive Corp said they would work together to develop Internet-of-Things-based solutions. TCS is already Fortive’s outsourcing partner. Fortive provides solutions in the fields of instrumentation, transportation, sensing, product realization, automation…

Union Bank starts insolvency proceedings against Rolta India

Union Bank starts insolvency proceedings against Rolta India

2018-09-28T13:36:54+00:00 On

Rolta India, a provider of geospatial and IT solutions to government and non-government organizations in India, said it received a notice informing it that Union Bank of India has started insolvency proceedings against the company. The proceedings have been started in the…

HCL manages to hold on to Anglo American as co shifts to the Cloud

HCL manages to hold on to Anglo American as co shifts to the Cloud

2018-09-28T13:20:02+00:00 On

HCL Technologies, one of India’s top five IT services companies, said Anglo American, owner of De Beers diamond brand, has retained its services for another five years even as the mining company seeks to cut costs by leveraging cloud and digital technologies….

TCS to provide clearing software for Boursa Kuwait

TCS to provide clearing software for Boursa Kuwait

2018-09-28T13:17:30+00:00 On

India’s biggest private sector employer, Tata Consultancy Services, said Kuwait Clearing Company, the clearing entity of Boursa Kuwait, has chosen its software to provide CCP services. A central counterparty clearing house (CCP) is a corporate entity that reduces counterparty and default risk…

Infosys doubles investment in startup TidalScale to $3 mln

Infosys doubles investment in startup TidalScale to $3 mln

2018-09-17T16:19:36+00:00 On

Outsourced services provider Infosys said it has made yet another investment of $1.5 mln in start-up software company TidalScale, taking the total to $3 mln. TidalScale creates software that helps ‘merge’ multiple servers (or powerful computers) into a giant and super-powerful unit….

Infosys buys Nordic Salesforce.com consultant for undisclosed amount

Infosys buys Nordic Salesforce.com consultant for undisclosed amount

2018-09-14T18:22:18+00:00 On

Infiosys announced it was buying Europe-based Salesforce consultant Fluido for an undisclosed sum. The acquired company has over 240 specialists and offices in Finland, Denmark, Sweden, Norway and Slovakia. Salesforce is a low-cost alternative to customer relationship management software from the likes…

HCL to recruit over 1,000 finance graduates in Vijayawada

HCL to recruit over 1,000 finance graduates in Vijayawada

2018-09-13T10:40:09+00:00 On

HCL SSHS, a joint venture between HCL Technologies and US-based State Street Corporation, said it plans to recruit over 1,000 graduates and post-graduates in commerce, accountancy and finance for its new office in Ganavaram, Vijayawada. The new office has been set up at Medha…

Infosys to make Australian Open more exciting for fans

Infosys to make Australian Open more exciting for fans

2018-09-10T11:41:59+00:00 On

Infosys, the Indian IT services company, has been roped in to make the Australian Open tennis tournament more engaging for the fans. Infosys CEO Salil Parekh said the idea is to “change the way the Australian Open is watched, analysed and played”…

L&T Tech Svcs buys Bangalore-based Graphene Semiconductor Services

L&T Tech Svcs buys Bangalore-based Graphene Semiconductor Services

2018-09-06T17:13:34+00:00 On

Engineering outsourcing company L&T Technology Services said it has agreed to acquire 100% of Bangalore-based semiconductor services firm Graphene for an undisclosed amount. The all-cash transaction is expected to be complete by October, it said. Graphene Semiconductor Services Private Limited is one…

Wipro announces ‘its largest win’ in a Rs 11,000 cr deal

Wipro announces ‘its largest win’ in a Rs 11,000 cr deal

2018-09-02T09:57:21+00:00 On

IT outsourcing firm Wipro said it has won a $1.5-1.6 bln deal from US-based Alight Solutions LLC in what it called “Wipro’s largest win to date”. The Bangalore-based company also announced that it has acquired Alight HR Services India Private Ltd, presumably the India…

Infibeam plunges to Q1 loss as payment outgoes jump

Infibeam plunges to Q1 loss as payment outgoes jump

2018-08-16T08:37:29+00:00 On

Infibeam Avenues, one of India’s largest home-grown e-commerce companies, reported a standalone loss of Rs 14 cr for the first quarter due to a sharp increase in payment gateway charges. While operating revenue for the Apr-Jun quarter increased sequentially by Rs 5.3…

Ramco Systems wins yet another big Philippine logistics clients

Ramco Systems wins yet another big Philippine logistics clients

2018-08-09T10:57:37+00:00 On

Ramco Systems, one of India’s top cloud software vendors, said it won yet another client from Philippines for its logistics management offering. It said AP Cargo Logistic Network Corp will implement Ramco Svstems’ Logistics Software to manage its freight operations nationwide. The deal includes Finance…

India says WhatsApp giving ‘good response’ on monitoring proposal

India says WhatsApp giving ‘good response’ on monitoring proposal

2018-08-07T12:50:38+00:00 On

Ravi Shankar Prasad, India’s minister for law and information technology, said the government has got ‘good response’ from WhatsApp for its proposal to install a monitoring mechanism on the platform. The government has been pushing WhatsApp to put up a monitoring mechanism…

FULL TEXT: Assocham calls move to block FB, WhatsApp “excessive, unnecessary”

FULL TEXT: Assocham calls move to block FB, WhatsApp “excessive, unnecessary”

2018-08-06T18:14:18+00:00 On

Assocham, one of India’s prominent associations of industries, has expressed concern at the government’s proposal to put in place a mechanism to block apps like Facebook, WhatsApp and Telegram. The government has, in a confidential letter sent to internet service providers, asked…