Tata Consultancy Services said it has entered into a five-year deal with long-time customer and retail chain Marks and Spencer to transform its customer experience and make it a ‘digital first’ business. “TCS will be Marks & Spencer’s principal technology partner and drive agility, intelligence, innovation and efficiency to transform the retailer’s customer experience and […]
Hundreds of protestors turned out to seek justice for a 27-year-old boy allegedly killed by a team of Kerala policemen for getting romantically involved with a girl who was related to one of them. In a rare occurrence in Kerala — where protests not organized by political parties fail miserably — hundreds of people turned […]
Every few months, there is a new rumor surrounding Reliance Jio, the 4G operator that has taken the country by storm. A year ago, it was Jio DTH, which was supposed to put other DTH operators out of business, and now, it’s Jiocoin, which is supposed to put virtual currencies like Bitcoin on notice. According […]
IT services provider Infosys Ltd said it has largely exhausted the possibility of improving its profit margins by increasing employee utilization levels and will focus on bringing down on-site employee numbers to boost margins. The company reported an employee utilization level of 84.9% for the three months ended December — an all-time record — compared […]
Infosys reported a quarter that was largely in line with expectations and said it retains its full-year revenue growth guidance at 5.5-6.5%, excluding the impact of currency movements. With nine months gone, the company has grown at 5.6% in constant currency terms so far. For the third quarter, revenue in constant currency was up 0.8% […]
The proposed merger between Idea Cellular and Vodafone got the approval of India’s National Company Law Tribunal, with the rider that the merged entity will be liable to pay income tax on behalf of Vodafone India in case of a ruling that Vodafone India has to pay the arrears. “Considering the entire facts and circumstances […]
Four of the most Supreme Court judges today held a press conference for what they said was to “discharge their debt towards the nation” and to put it on the record that they had not “sold their souls”. They alleged that there are certain things that are not proper that are going on in the […]
Tata Consultancy Services said it will take over the policy administration and customer service functions of US insurer Transamerica along with 2,200 of its employees in a $2 bln-plus, multi-year deal. The Indian company will migrate the administration of over 10 mln insurance policies on to its BaNCS platform and provide ‘third party administration’ or […]
Tata Consultancy Services reported a 1.3% improvement in revenue in constant currency terms, which is less than the 1.7% improvement reported in the previous quarter, but largely in line with expectations for a tame quarter. Revenue grew 6.2% on year in constant currency terms. In rupee terms, the company’s revenue was at 30,904 crore; up […]
Hindustan Media Ventures, the publisher of Hindustan daily, reported a 12% jump in net profit for the third quarter due to ongoing cost cutting measures. On a positive note, advertising revenue increased by Rs 8 cr, or 5%, on year during the third quarter to Rs 177 cr. However, the comparison was with a weak […]
The Telecom Regulator’s subscriber addition numbers for November showed that new operator Reliance Jio continued to lead the charts in terms of net subscriber addition, but rivals like Idea Cellular and Vodafone too have come back on the growth path. Part of the reason for the reversal in the fortunes of Idea and Vodafone could […]
The BJP-led government at the center has said that it has no further plans to amend the powers or constitution of the National Green Tribunal, the quasi-judicial body set up by the previous UPA government for protecting the environment. “There is no amendment proposed in the Constitution and functions of the National Green Tribunal,” Mahesh […]
After disrupting the market with its 1GB per day plans, Reliance Jio has unveiled new packs targeted at heavy users. Two new plans have been unveiled today that were not present on the company’s website earlier — a 3GB per day plan priced at Rs 509 and a 5GB daily plan that costs Rs 799. […]
Tata DoCoMo, which recently announced that it was moving its customers to Bharti Airtel’s network before a merger of the two companies, has started offering unlimited calls and daily data. Even though users won’t be able to latch on to Bharti Airtel’s 4G network, they can use its 3G network under an intra-circle roaming agreement. […]
The Securities & Exchange Board of India has tapped Indian Institute of Technology, Bombay to submit a report on the various options to regulate algorithm trading in India. The appointment of IIT Bombay to help with the matter comes in the context of the SEBI’s ongoing consultation with industry and other stakeholders for framing rules […]
Orient Green Power Co, the renewable arm of the Shriram Group, said it has sold much of it biomass power generation business to a unit of its promoter and that its wind power business is benefiting from higher offtake by the Tamil Nadu power distribution company. The company had around 96 megawatts (MW) of biomass […]
Satin Creditcare Network Ltd, one of India’s largest microfinance companies, said it has received an investment of Rs 80 cr from US-based hedgefund Kora Management. Kora’s investment is part of the latest funding of Rs 205 that the company raised from institutional investors that also included the promoters of IndusInd Bank and NMI, an existing […]
Reliance Jio has unveiled eight new plans that have brought down the price of 4G data by 32% to Rs 3.56 per GB from Rs 5.19 per GB earlier. The new plans are available from Tuesday and will make most of the the company’s existing plans irrelevant (see table below). The new plans start from […]
Social and mainstream media is abuzz with headlines that scream that the Aadhaar database has been ‘leaked’ or ‘breached’ by miscreants and that the UID Authority of India has been caught napping. “Personal data of a billion Indians sold online for £6”, screams the Guardian. “Local Indian newspaper was able to access the private data […]
Reliance Jio, the telecom arm of Reliance Industries, has achieved what was considered impossible barely 18 months ago: India now has more 4G base stations than 2G base stations. In other words, 4G service providers in India have put up more towers in the last three years than 2G installations in the last 32 years. […]
