63 moons technologies ltd, formerly known as Financial Technologies, said the Directorate of Enforcement, Mumbai has requested the National Securities Depository Ltd. and Central Depository Services (India) Ltd to freeze the Demat Account of the company maintained with them. In India, shares and securities are held electronically in a dematerialized (or “Demat”) account, instead of […]
The upcoming festive season, beginning October 1 is likely to register record-breaking sales, revenues, and highest ever purchase rate per minute for e-commerce giants as most people have deferred their holiday purchasing plans in anticipation of blockbuster offers, an ASSOCHAM survey-cum-analysis found. The Associated Chambers of Commerce and Industry of India (ASSOCHAM) interacted with about […]
Flipkart, one of India’s top online shopping sites, has warned users not to click on suspicious links or otherwise give credence to purported offers from the website seen on social media platforms. “With the Flipkart Big Billion Days just round the corner, a host of fake offers and discounts are being offered on various fraudulent […]
Financial service provider Intellect iGTB, formerly part of Polaris, said its banking solution has been launched on the cloud using the software-as-a-service model. Software as a Service is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. It is sometimes referred to as “on-demand software” […]
Tata group’s ecommerce venture CLiQ has announced its first festive season offers by providing exciting deals, new launches, flash sales, best price offers and bumper prizes for its customers. “Tata CLiQ has earmarked 50% of its marketing budget for the one month long festive offer named ´Festober´ celebrations,” said the e-commerce website. Tata CLiQ will […]
Jet Airways has launched a new online shopping platform which will reward its users with its air miles that can be redeemed for booking flights later. The first partner in the venture is Flipkart, which will provide the back-end support. Points are earned every time a customer shop on the platform. The JPMiles accumulated by […]
NIIT, an Indian multinational company in skills and talent development, said it has acquired the business of Bangalore-based start-up Perceptron Learning Solutions Pvt Ltd. Established in 2014, Perceptron focuses on developing learning platforms that combine deep analytics and semantic computing to ensure better learning outcomes. “Taking forward NIIT’s thrust on digital transformation in the EdTech […]
Cyber Media, a technology industry portal, said it sold its wholly owned subsidiary TDA Group to The Marketing Group. The deal is valued at $4.58 mln, subject to due diligence and regulatory approvals. TDA Group is engaged in marketing content and communications based in Silicon Valley, and was acquired by Cyber Media in 2008. The […]
Tired of getting stuck with fresh recruits who do not have required skills, outsourcing companies in India, along with industry body Nasscom, have launched a new finance and accounting course. The course, created with the support of Business Process Management companies across the country, will help students in pursuing the finance & accounting occupation in […]
China-based Huawei said it will start to manufacture smartphones in India in collaboration with leading Sketch-to-Scale solutions provider, Flex, in October. Starting from first week of October 2016, the Flex manufacturing plant in Chennai will manufacture one of the Honor smartphones models, the company said. The plant will have the capacity to make three million […]
63 moons technologies ltd, formerly known as Financial Technologies said it received a provisional attachment order from the Directorate of Enforcement, Mumbai, attaching mutual funds amounting to Rs 306.70 crores. The company is taking appropriate steps in consultation with the legal counsel of the company in this matter, it said. The move comes a day […]
NIIT, an Indian multinational company in skills and talent development, launched its flagship training centre at Tongren Polytechnic College in China to develop next generation IT professionals in the field of big-data and analytics. Earlier in April 2016, NIIT entered into a strategic agreement with Guizhou province to help the provincial government build global quality […]
Wipro Limited, an India-based information technology, consulting and business process services company, said it had joined Oracle’s Cloud Managed Service Provider (MSP) Program. Wipro’s Boundary Less Data Center offering has been integrated with Oracle’s twin cloud offerings — Infrastructure as a Service and Platform as a Service. ‘Cloud’ refers to the practice of leveraging the […]
L&T Infotech said it will develop and market solutions based on the Oracle’s Internet of Things (IoT) cloud service. The companies will work together on cloud solutions to help manufacturing, utilities and construction companies digitize business processes and improve operational efficiencies. L&T provides comprehensive Oracle solutions and applications encompassing smart sensors, connected assets, real-time visualization and […]
IIT Guwahati unveiled one of India´s fastest and most powerful computer, PARAM-ISHAN. PARAM-ISHAN has power of 250 Teraflops and three hundred tera bites capacity. ¨This will not only augment the research initiatives in the Institute, but also help in creating an ecosystem for attracting right talents to the field of research,¨ said Gautam Biswas, Director, […]
Zensar Technologies, an RPG Group company, said it has bagged a digital transformation project from Avis Fleet, a South African taxi fleet management company. Though the company did not mention the value of the contract, it said that the project would be spread over a period of two years. Sandeep Kishore, CEO and Managing Director […]
Darktrace, a British cyber security company, said it partnered with AGC Networks, an India-based technology solutions provider to expand the market for the company´s self-learning technology. “This partnership allows more and more organizations to benefit from Enterprise Immune System technology across Asia, helping defend against today’s advanced cyber-threats,” said Sanjay Aurora, Darktrace Managing Director, Asia-Pacific. […]
IT provider Wipro Ltd said Indian government’s Employees’ State Insurance Corporation has withheld payments due to it after the completion of a project, and it will take legal action to recover the amount. The seven-year contract, named Project Panchdeep, was completed on June 08, 2016, and Wipro provided an additional three months of support. “Wipro […]
India’s leading e-commerce marketplace, Flipkart has emerged as India’s most preferred e-commerce platform, the company said quoting “E-tailing Leadership Index” of research firm RedSeer Consulting. “With an overall score of 95, Flipkart has been ranked ahead of players like Amazon (87), Snapdeal (66), Paytm (65) and Shopclues (59), in the second edition of the survey […]
Quikr, a online classifieds business, said it has acquired Stepni, a Bangalore-based platform that connects vehicle owners with service providers like mechanics, garages and car accessory outlets near them. The move strengthens the company’s service offerings under QuikrCars, its vertical that focuses on all types of automobiles including cars, bikes and commercial vehicles, said the company. […]
