IT company Wipro Ltd said it increased its stake Drivestream, which focuses on implementing Oracle’s cloud solutions, to 43.7% from 26.1% by investing around Rs 26 cr. Wipro had first invested in the company about four months ago, and seems to have liked what it saw. It made the latest investment by converting some of […]
Cloud-based enterprise software provider Ramco Systems said it won a multi-million dollar order from a big British MNC financial group to provide managed payroll services. Ramco will help the company, part of the FTSE 100 index, to consolidate its payroll operations in 14 countries on a unified platform. It will cover 8500+ employees across Asia […]
Wipro said it has agreed to acquire US-based design consultancy Cooper, without disclosing the financial details. “Headquartered in San Francisco, Cooper has been a leading brand in interaction design, UX and professional design education for more than 25 years,” the Indian IT company said. Founded by Sue Cooper and Alan Cooper, the ‘Father of Visual […]
IT outsourcing company Infosys said it has been chosen as a partner by lift-maker KONE for developing and maintaining its enterprise resource planning or ERP system. Infosys has been able to “transition, elevate, evolve and transform” KONE’s ERP service delivery and landscape, said Nitesh Banga, Senior Vice President and Global Head of Manufacturing, for the […]
Mumbai-based IT services provider Cyient said it has signed an agreement to incorporate machine learning meter and voltage signature technology from US-based startup Elpis in its solutions for power utilities. “Through this agreement, Cyient and Elpis will jointly pursue utility business opportunities, by leveraging their complementing solutions and technology respectively. “The partnership will combine Cyient’s […]
Nucleus Software, which provides IT solutions for financial services companies, said its loan management solution has been selected by Finova Capital, a Jaipur-based Non-Banking Financial Company (NBFC) to digitise its lending business. Founded in 2015, Finova Capital offers business loans to lower income segments in rural and urban areas. “As a part of their strategic […]
IT company Cyient said it signed an agreement to divest its 49% equity ownership in IASI, its joint venture with Pratt & Whitney, as it exits its IT services business. The Indian company will get $1.8 mln for the stake from United Technologies Corporation, the buyer, after a dividend disbursement of $9.1 mln from the […]
Bangalore-based Wipro won a high-profile client by signing up McLaren Technology Group, the company behind the successfull McLaren Formula 1 racing team. As part of the multi-year partnership, Wipro will deploy its HOLMES artificial intelligence platform to boost the productivity of McLaren’s fast growing automotive and high-tech businesses. Wipro has been given the title of […]
IT services provider Wipro Limited said it has established a center for automotive technology in Timisoara, Romania to focus on embedded solutions such as in-vehicle entertainment, cluster display, telematics, connected cars and driver assistance systems. The company plans to hire experienced technology professionals and engineering graduates from top universities in Romania. The center will be […]
Infosys said it completed the acquisition of Brilliant Basics, a London-based product design and customer experience company. The acquisition was first announced a month ago. “Through this acquisition, Infosys further expands its worldwide connected network of Digital Studios that are focused on fulfilling the needs of global clients for end-to-end Digital Transformation solutions required to […]
Infosys said it has been inducted into the Dow Jones Sustainability Indices (DJSI) and is now part of two of the indices — DJSI World and DJSI Emerging Markets. The indices measure the economic, environmental and social performance of companies and are based on the companies’ corporate governance, risk management, branding, climate change mitigation strategies, […]
Former Infosys CEO Nandan Nilekani, who took over as Chairman of the company to resolve the tension between key shareholders and the management, said he did not join the IT company to run it. He said he was not in the company to step into the shoes of Vishal Sikka, the CEO who resigned last […]
Infosys founder and former chairman N R Narayana Murthy is all set to lay his cards on the table on his recent allegations about possible corruption at Infosys at a conference call with investors today at 6:30 PM. UPDATE: Murthy’s call has been reportedly postponed to next week. The call comes five days after Infosys […]
Vishal Sikka, the SAP-veteran who took over as the CEO of Infosys four years ago, has put in his papers after continuing differences of opinion with some of the key shareholders. He will, however, continue as the vice chairman of the company. He also wrote a long letter to the employees of explaining his reasons […]
IT solutions provider Wipro said it won a five-year IT infrastructure and applications managed-services contract from Grameenphone, the Bangladesh telecom operator owned by Norway’s Telenor. Under the agreement, Wipro will manage the entire IT infrastructure of the largest mobile telecommunications operator in Bangladesh. It will be in control of end-to-end application development and management, infrastructure […]
The Maharashtra unit of Forum for IT Employees said 13 disputes over forced resignations and layoffs at IT organizations have been moved to the labor courts after failed mediation attempts by state labor authorities. 11 of the 13 cases were filed by employees of Tech Mahindra, and one each by those of Wipro and Vodafone, […]
Cognizant Technologies, one of India’s largest employers, reported a 3.5% jump in its quarterly revenue in dollar terms, and raised the lower end of its full-year revenue forecast for 2017. It said it now expects revenue for the current year to be in the range of $14.70 billion to $14.84 billion. It had guided for […]
The Forum for IT Employees, arguably the IT workers rights organization with the largest number of well-wishers and supporters, accused IT companies of using illegal and unethical means to force their workers to submit their resignations. In a meeting with Maharashtra Chief Minister Devendra Fadnavis, the organization accused the companies of using harassment techniques that […]
IT and outsourcing services provider Wipro said it will use students at Israel’s largest university to jointly conduct research into artificial intelligence. The company inked an agreement with Tel Aviv University, Israel’s largest institution of higher learning which is home to over 30,000 students studying in nine faculties. The two will create a joint research […]
It’s become something of a fashion to complain about job losses in India’s big IT services firms. Companies like Infosys Ltd, Tata Consultancy Services, Wipro and Cognizant employ over a million people in the country, and have been letting go off tens of thousands this year as they grapple with slowing growth and changing business […]
