TCS, Fortive expand partnership to IoT solutions

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 and specialty, and franchise distribution. “As part of this partnership, TCS will jointly […]

Union Bank starts insolvency proceedings against Rolta India

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 National Company Law and Appellate Board on 17 days ago. “The company has […]

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

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. “The multi-year deal will see HCL continue to support Anglo American through the […]

TCS to provide clearing software for Boursa Kuwait

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 for traders. It acts as the counterparty to the buyer and the seller […]

Infosys to open 1000-employee center in Arizona

Infosys said it will open a ‘Technology and Innovation Hub’ in the US state of Arizona and hire 1,000 American workers in the state by 2023. Infosys said it has hired 5,874 American workers in the last 16 months. Arizona center will focus on autonomous technologies, Internet of Things (IOT), full-stack engineering, data science and cyber security. […]

Infosys doubles investment in startup TidalScale to $3 mln

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. Traditionally, the need for more power has been met by ‘clustering’ servers together. […]

Infosys buys Nordic Salesforce.com consultant for undisclosed amount

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 of Oracle and SAP, and is preferred by smaller organizations and those that […]

HCL to recruit over 1,000 finance graduates in Vijayawada

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 Tech Park and will be dedicated to finance-related processes such as Capital Markets […]

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

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 of the fastest growing companies in the Semiconductor Services domain with a presence […]

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

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 unit of the same company. Under the 10-year deal, Wipro will help overhaul […]

Infibeam plunges to Q1 loss as payment outgoes jump

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 cr to Rs 91.34 cr, payment gateway charges jumped by a whopping Rs […]

Ramco Systems wins yet another big Philippine logistics clients

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 and human resource management modules as well, besides transport management, hub management; warehouse management, […]

India says WhatsApp giving ‘good response’ on monitoring proposal

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 that would send out alerts when messages on any one subject starts going […]

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

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 them to suggest ways in which such apps can be blocked at India’s […]

UIDAI Helpline: Google says was hardcoded into Android setup

The mysterious addition of the former hotline of UID Authority of India, which spooked out Android users by mysteriously appearing on their phones, was hardcoded into the Android set-up program, Google has said. Responding to concerns of users’ phones being hacked by some secret agency, which then ‘loaded’ UIDAI’s helpline number, a Google spokesperson apologized […]

UIDAI Helpline: No, your phone has not been hacked!

Telecom operators and the Unique Identification Authority of India have denied having anything to do with the ‘mysterious’ addition of the UIDAI’s former helpline to the contact lists of Android phone users in India. That leaves only three candidates — Google, which makes Android, handset makers and any of the popular apps that has been […]

Bank frauds up 359% in four years at nationalized banks

The amount of money swindled by fraudsters from nationalized banks has jumped 359% in four years, RBI data revealed. The trend at nationalized banks is in contrast to that at private sector banks and SBI, where frauds are being increasingly brought under control. According to the RBI, nationalized banks lost a total of Rs 26,705 […]

Indian govt demands greater access from WhatsApp, Facebook & Twitter

India’s Information Technology Department today unveiled a new plan of action to combat fake news that would require foreign social media firms like Facebook, Twitter and Google to establish offices in India and actively help in flagging and tracking down people who post troublesome messages online. Ravi Shankar Prasad also said WhatsApp, in particular, has […]