Engineering services provider L&T Technology Services said it won a multi-million dollar project from Covestro, a Germany-based manufacturer of advanced polymer materials, to transform the company’s operations. The contract covers two major areas. First, L&T Technology Services will help Covestro migrate data as part of its larger digitalization program for its engineering, operations and maintenance […]
Aurionpro Solutions said it has won a Rs 180 cr order from the Rajasthan government to create a 3D model of Jaipur city as part of converting the state capital into a smart city. The company said will play the role of a systems integrator and use Dassault Systèmes’ 3DEXPERIENCE software to create the model. […]
Indian outsourcing company Infosys said it will delist its American Depositary Shares from Euronext Paris and Euronext London stock exchanges due to low transaction volumes. American Depositary Shares (ADSs) are securities issued by banks in place of actual shares, which are kept by the banks on behalf of the security holder. Their value depends on […]
Reliance Jio, the 4G operator, said users of its JioTV streaming app can now choose any of the five camera angles while watching the ongoing Nidahas trophy as part of a new ‘interactive TV’ feature. Similarly, they can also choose to listen to different mics, such as the one on the stump or the stadium […]
Under an onslaught of cheap wireless internet devices from Reliance Jio, Indian brands such as iBall, Intex and Micromax have virtually exited the data dongle market, while the once dominant Huawei has been reduced to a 7% share, according to CMR. For the whole of 2017, all the top five models of datacards belonged to […]
Matrimony.com, the company behind India’s largest matchmaking service bharatmatrimony.com, said it acquired divorcee-oriented secondshaadi.com for an undisclosed amount. “Secondshaadi.com is one of the early movers in this space and has built a good brand name,” said the acquirer. “Buying secondshaadi.com will help us consolidate our offerings and help divorcees and widowers get wider choices than […]
Facebook, the largest social network on earth, has added several new features to its ‘Pages’ feature, including the ‘Poll’s option that was removed five years ago. Administrators of Facebook pages can now create a poll by clicking on the ‘+’ sign and choosing ‘polls’ as the type for the new post they are able to […]
Info Edge India, which runs websites like jeevansathi.com and naukri.com, reported a 22% year-on-year increase in revenue and but the top line remained flattish on a sequential basis. Margins suffered due to higher advertising costs. Total billing during the third quarter increased 19% on year to Rs 228.3 cr, the company said. Net sales rose […]
Enterprises using Tata Communications as their connectivity provider will now be able to send their traffic to Oracle cloud services privately without using the Internet. This is possible after the Indian network provider added support for Oracle’s FastConnect feature. FastConnect was earlier universally available only if you used connectivity from players like AT&T, British Telecom […]
HCL Technologies (HCL) said Germany-based enterprise software giant SAP has agreed to include, and resell, an ‘add on’ that it developed for aviation-related clients as part of a broader solution. The add-on will help clients streamline their ‘maintenance, repair and overhaul’ operations when using SAP’s enterprise asset management or EAM solution. EAM software is used […]
IT services company Tech Mahindra reported a 13% sequential jump in its net profit despite modest growth, after it was able to keep costs almost static. Revenue in rupee terms rose 2.2% on quarter. Translated to dollars, it was up 2.5%. Year on year, revenue was up 2.9% in rupee terms and 8.3% in dollar […]
Majesco, the India-based provider of IT solutions to the insurance industry, said its subsidiary has been sued by a customer in the US for $10 mln (Rs 64 cr). In a filing on Sunday, Jan 28, the company said that on Jan 24, its subsidiary Majesco Software and Solutions Inc received a summons with notice […]
IT services provider Wipro said it will invest $9.9 million (Rs 63 cr) in marketing consultant Harte Hanks and will jointly offer end-to-end marketing technology services to customers. Harte Hanks specializes in omni-channel marketing solutions including consulting, strategic assessment, data, analytics, digital, social, mobile, print, direct mail and contact center. “Wipro’s investment in Harte Hanks […]
Information Technology services provider Wipro Ltd reported a year-on-year decline in its quarter three revenue to Rs 13,669 cr from Rs 13,688 cr in the year-ago period. In the preceding September quarter, revenue was at Rs 13,468 cr. Total IT services revenue was at Rs 13,682 cr versus Rs 13,469 cr in the preceding quarter […]
NIT Technologies said third-quarter revenue increased 2.6% sequentially to Rs 756.5 Crores, an increase of 9% on year. Operating Margins expanded 97 bps sequentially to 17.1% as a result of growth in Digital engagements in US and EMEA. Operating profits expanded 8.7% on quarter and 11.4% on year to Rs 129.5 Crores. Net profit improved […]
Engineering services provider L&T Technology Services said it won a $50 million (Rs 320 cr) contract to provide engineering and R&D services to “leading aerospace electronic systems manufacturer” for five years. The company, a listed subsidiary of Larsen & Toubro, did not name the client. It said the project will result in transformation of the […]
Going by indications from the Unique ID Authority of India, Aadhaar numbers could soon be linked to people’s images, allowing the government and corporations to identify people from their photographs and videos. “UIDAI introduces yet another landmark technology for authentication – Face Authentication,” tweeted @ceo_uidai, the official handle of the CEO of UID Authority of […]
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 […]
“I won’t be coming here again, I think,” said Infosys co-founder and chairman Nandan Nilekani at the company’s quarterly results press conference, indicating that he may step down from his role at Infosys sooner rather than later. Nilekani faced several questions from journalists about how long he planned to stay in the role of the […]
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 […]
