Tech Mahindra acquires third-party IT consulting ops of chemical giant BASF

Tech Mahindra said it has signed an agreement with BASF Business Services Holding, a unit of German chemical giant BASF, to acquire its business with third party customers. “This includes the 100%-owned subsidiary BASF Business Services Consult GmbH, based in Hamburg. BASF Business Services Holding GmbH will in future focus on providing information services, supply chain […]

No inherent issues with Finacle – United Bank

Infosys Ltd released a statement quoting the executive director of United Bank of India as saying that there ere no inherent deficiencies in Infosys’ banking software Finacle. United Bank had blamed the software for miscategorizing healthy accounts as non-performing assets earlier this week. Finacle has “inherent deficiencies to correctly identify NPA in certain categories of […]

India needs to move from services to software products now: KPMG

The share of Indian companies in the global software product market can rise from about 0.5% at present to 18% by 2020, a new report by KPMG and Nasscom said. Indian IT companies need to adapt their business models to incorporate more and more revenue from products, platforms and other intellectual property, KPMG said, adding […]

Mouthshut complains of wrongful blocking by ISP, an online consumer-review service, has decided to approach the Telecom Regulatory Authority of India (TRAI) and Department of Telecommunications (DoT) as Hyderabad-based ISP Beam Fibre blocked the consumer-review website, According to Mr Faisal Farooqui, Founder & CEO,, the company got in touch with the nodal officer of Beam Internet, who confirmed the […]

TCS will focus on own brand and identity for Cloud services: Chandrasekaran

Tata Consultancy Services (TCS) has based its Cloud strategy on an ‘own brand’ model, CEO N Chandrasekaran told reporters in Delhi today. He said TCS’s strategy for the Cloud market — in which software is not purchased or ‘deployed’ by customers, but used through the Internet — will not be dependent on other big cloud-brands. […]

Adobe buys online authentication firm to ‘revolutionize’ digital authentication

Web graphics and multimedia company, Adobe Systems, has acquired EchoSign, provider of a web-based electronic signature service — a move that may have far reaching consequences for how electronic documents are authenticated and certified. Digital signatures, though invented several years ago, have not quite taken off due to the cumbersome nature of creating and checking […]

Cloud spending to grow 20% this year, corner 10% of enterprise app market: Gartner

Gartner Inc, the World’s leading IT research firm, has revealed that cloud computing or Internet based software already accounts for 10% of the global enterprise market. The service, known also known as Software as a Service or SaaS, requires the user to log into his or her application through the Internet and is located at […]

IEEE attempts to “build bridges” between different cloud computing providers

The IEEE, World’s largest professional association that has invented standards like WiFi may be the one to solve one of the biggest challenges in the emerging Cloud computing economy. Unlike the current business software vendors such as SAP, Oracle, IBM etc., providers of equivalent cloud versions do not provide an easy way for their individual […]

Biggest Indian cloud brand Ramco expands product portfolio

Ramco Systems, the Chennai-based cloud-provider and arguably the largest Indian stand-alone cloud brand, has expanded its portfolio to analytics. The player, one of the pioneers of the Cloud model in India and among the most affordable among such services, said it has around 3,000 users for its current offering — enterprise resource planning or ERP. […]

Wipro beats Infosys, Cognizant and HCL in practice: Forrester

Wipro has beaten others like Cognizant, Infosys and HCL to emerge as the World’s second best deployment partner, according to a study conducted by Forrester Research. In a study of the World’s top 11 partners, Wipro was beaten to the first place only by its much bigger global competitor Accenture. Along with the […]