Xiaomi launches Mi Pay wallet in India with ICICI Bank

India’s largest smartphone maker Xiaomi has launched Mi Pay, its payment service, in India, marking the first time the service has been expanded beyond its home market of China. The company will use the National Payment Corporation of India’s UPI and Bharat Bill payment network for its core functionality. The company has tied up with […]

Wipro opens IoT research centre in Kochi campus

IT major Wipro Limited has launched a Industrial Internet of Things (IIoT) centre in Kochi, its third, after Mountain View and Bangalore. Industrial Internet of Things refers to the concept of extending internet connectivity beyond conventional computing platforms such as personal computers and mobile phones into various non-internet enabled physical devices. Embedded with electronics, internet […]

Wipro Gallagher offers new version of loan origination platform

Financial software provider Wipro Gallagher, a unit of Wipro Ltd, launched the latest version of its loan origination software, NetOxygen. The new version offers more control to lenders and better streamlining, the Indian company said. Version 6.0 also offers a web-based dashboard, designed to provide updates on the loan status. The new version also aims […]

Ramco Systems’s payroll solution wins new client in Australia

Cloud-based software firm Ramco Systems said it received an order from Australia-based property management company Opteon Solutions for its payroll management software. Ramco will implement its Single Touch Payroll software which will streamline functions such as calculation of salary, increments and incentives, retroactive pay, country-specific statutory compliance, as well as tax reporting. The software features […]

PWD starts installing CCTV surveillance cameras in Delhi

The Public Works Department will set up a network of closed circuit cameras in Delhi by September. The contract for the project has been awarded to Bharat Electronics Ltd or BEL, which has in turn contracted Mumbai-based Aurionpro Solutions Ltd for the installation and maintenance of the surveillance system. “Aurionpro shall supply and install cameras […]

With Hitachi, SBI hopes to beat back competition from PayTM, PhonePe

State Bank of India and Hitachi Payment Services announced the start of operations of their payment processing venture in India as India’s largest bank tries to stay on top of the merchant-payment business. Hitachi took a 26% stake in SBI Payments in January for an undisclosed amount. SBI Payments was already India’s biggest merchant-enabler payment […]

Infosys pays Rs 34.35 lakh to SEBI over severance to Rajiv Bansal

Infosys said it has paid Rs 34.35 lakh to settle the investigation into the incident of the company paying over Rs 17 cr as severance pay to Rajiv Bansal, who resigned as its finance head in October 2015. There have been allegations, including from the side of founder Narayana Murthy, that everything was not well […]

Aurionpro reports strong jump in profit as revenues rise

Mumbai-based software developer Aurionpro Solutions reported a sharp increase in profits for the Oct-Dec quarter, aided by a 22% jump in its revenue. The compay, which makes software for the financial sector, infrastructure projects and cyber security, reported a 44% increase in net profit for Oct-Dec to Rs 15.5 crores. Revenue jumped to Rs 115 […]

Tejas Networks agrees to mentor Kerala students, start-ups

India-based telecom equipment maker Tejas Networks said it has signed an agreement to set up a ‘center of excellence’ in Kerala to mentor students and start-ups in the state. The center will focus on training, skills development and mentoring of college students, young entrepreneurs and high-potential electronics startups in the state. “Senior technologists from Tejas […]

HCL Tech gets strategic partnership deal from Broadcom after CA acquisition

HCL Technologies has been picked as the services partner for Broadcom’s enterprise software products, one of the two primary business units of CA Technologies, a software and solutions company that the chipmaker acquired earlier this year for $19 billion. HCL Tech will also take over some of the former employees of CA Technologies. “Effective immediately, HCL […]

TCS expands platform deal with UK insurer Phoenix Group

Tata Consultancy Services (TCS) said it will deploy an enhanced policy management solution for Phoenix Group, Europe’s largest life and pensions consolidator and a TCS client of 12 years. The move will not only give more advanced features for Phoenix Group, but also increase the number of Phoenix policies managed using TCS’s BaNCS platform to 5.5 […]

TCS acquires US-based management consultant Bridgepoint Group

Tata Consultancy Services said it has acquired the business of BridgePoint Group, LLC, a U.S. management consulting firm that caters to the financial services industry and specializes in retirement services, “through the purchase of select company assets”. The company did not disclose the value of the transaction. “TCS currently partners with eight of the top […]

Infosys to create 1,200 digital tech jobs in Australia

Infosys, the Bangalore-based technology company, announced it would create 1,200 jobs in Australia and open three new ‘innovation hubs’ by 2020. The company said 40% of the jobs will be filled with Australian university graduates from areas like computer science and design. This is part of the company’s efforts to broad-base its workforce by opening […]

Mindtree ties up with IISc for artificial intelligence research

Bangalore-based IT services company Mindtree has decided to collaborate with Indian Institute of Science Bangalore (IISc), one of India’s top higher education institutes, to design solutions using Artificial Intelligence or AI. It will do so by creating an endowment, Mindtree Associate Professor Chair on Artificial Intelligence, at the institute to encourage research into the application of […]

Sterlite Tech gets Rs 3,500 cr order for Indian Navy’s digital network

Sterlite Tech said it has got the confirmed order to build and manage a pan-India digital network to enable communication for the Indian Navy. Typically, such projects are won by multinational companies. However, given that the network will be used for defence purposes, the Navy seems to have preferred an Indian vendor. Nevertheless, it will […]