Delhi High Court has set apart a lower court decision that imposed a stay on the publication of a video by website Cobrapost that allegedly showed political bias among employees of Dainik Bhaskar group. DB Corp, the publisher of Dainik Bhaskar daily, won the injunction after arguing that the video was malafide and based 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 and specialty, and franchise distribution. “As part of this partnership, TCS will jointly […]
The sexual choices that a person makes is part of that person’s expression, and the constitution does not allow anyone to “shackle the sexual freedom” of another just because he or she entered into a marriage, Justice Dhananjay Chandrachud said today in his 77-judgment in the ‘Section 497’ case. The order also linked a person’s […]
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 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 […]
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 […]
Bharti Airtel said it will add 13,000 new mobile sites and introduce a key element of 5G technology in Karnataka in the next six months as part of its network upgrade. It also plans to add 4,500 km of optic fiber within the state in the same time period. As part of the upgrade, it […]
The Reserve Bank of India and the Securities and Exchange Board of India are “closely monitoring recent developments in financial markets” and are ready “to take appropriate actions, if necessary,” India’s central bank said in a one-line statement on Sunday. The move comes in the wake of what looks to be the beginning of prolonged […]
Star India has agreed to share the feed of cricket matches involving India with Reliance Jio’s live TV app JioTV. Till now, JioTV users had to install Star’s Hotstar app to watch any of the network’s sports channels. The sharing agreement is valid for five years, said Reliance Jio, without divulging the financial details behind […]
Reliance Industries, one of India’s largest petroleum producers, said its D26 oil field in the KG-D6 offshore block has ceased production, a decade after oil started flowing from the field. The D26 was one of the three prolific fields of the D6 block. A field, in oil and gas terminology, is a smaller area within […]
Oursourcing major Infosys has been directed to pay around Rs 12.17 cr to former CFO Rajiv Bansal by an arbitration panel. The panel was set up after Infosys landed in a controversy over the ‘huge payout’ extended to the former CFO when he left the company three years ago. The arbitration panel comprised retired Supreme […]
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. […]
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 […]
Bharti Airtel, India’s second largest telecom company by revenue, said it sees a “massive opportunity” for growth in India, its key market, due to the exit of all but four players. “A 3+1 player industry is a great outcome,” it said at the CLSA Investors Forum at Hong Kong. WIRELESS STRATEGY On 4G, the company said […]
The upcoming new system of selling television channels in India will de-risk the business model of distribution companies such as cable and DTH providers, the country’s largest cable feed provider said. Starting in 2019, television channel operators will no longer be allowed to enter into ‘fixed payment’ deals with distribution providers like cable and DTH […]
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 […]
Vodafone India and Idea Cellular have completed the merger of their operations in India, creating India’s largest telecom network with over 3.4 lakh 3G and 4G cell sites. In comparison, Bharti Airtel has around 3.2 lakh wireless broadband cell sites and Reliance Jio has an estimated 2.5 lakh 4G base station. In terms of subscribers […]
ITI Ltd, the government of India concern formerly known as Indian Telephone Industries Ltd, said it has been handed over 6,945 cells sites by state-owned Bharat Sanchar Nigam Ltd or BSNL for management and marketing. “ITI has received an Advance Work Order from BSNL for the Operation and Maintenance and Sales & Marketing of the […]
The Supreme Court has directed that the five tribal- and worker-rights activists who were arrested by the Pune Police will be moved to their own houses, and not in police custody. The activists will remain in house arrest till the next hearing of the Supreme Court. “Dissent is the safety valve in a democracy. If […]
Vedanta Limited, which operates the country’s largest on-shore petroleum mining facility, said it has emerged as the favored bidder to explore 41 oil and gas blocks in India at a cost of US$551 million (Rs 3,900 cr) over the next six years, including 8 offshore blocks. It is eligible to mine and sell the petroleum […]
