Punjab National Bank, in the eye of a storm after a couple of employees issued unauthorized credit guarantees worth $2 bln to clients, said it has put in place procedural and technological changes required to prevent a repeat of the incident. Two key technical changes being implemented are a revamp of the way the bank […]
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 […]
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 […]
Mukesh Ambani, India’s richest man, said telecom was the first of his big bet, and he will now use his resources to solve problems in three other difficult areas — agriculture, education and healthcare. Speaking at the HT Leadership Summit, Ambani said his primary motivation was not to make money. “Money has never meant much […]
Google has opened its first data center for third-party cloud services in India at Mumbai. This will enable developers to host their applications, websites and other IT projects within India, enabling faster response times for their customers in the country. Before this, the closest location was Singapore. Google offers various services, such as virtual servers, […]
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 […]
State Bank of India, the country’s largest bank, said Moody’s Analytics will train its employees to source, appraise and monitor loans. SBI employees will be granted the Moody’s Analytics Certificate in Commercial Credit (CICC) as part of the program. The program has been adapted to the India’s banking sector with the help of former SBI […]
Tata Elxsi, the hardware design company from the Tata stable, has tied up with Unity Technologies to set up a center that will develop solutions based on the Unity visualization engine. The Unity platform is arguably the most widely used engine for developing mobile phone games and can also be used to develop 2D and […]
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 […]
Google was forced to enter the smartphone hardware business as makers of Android smartphones have largely failed to develop a product that can compete against the iPhone, an industry expert said, adding that the result of union could rival what Apple has to offer. “With tighter control on Pixel, Google will now focus on making […]
IT services provider Wipro said it has been awarded a seven-year contract by European energy company Innogy SE to manage their data center and cloud services. Wipro will help the company, which focuses on renewables, grid & infrastructure and retail, to rationalize, virtualize and consolidate their IT infrastructure, the Indian company said. The Bangalore-based firm […]
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 […]
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 […]
With IT sector witnessing subdued sentiment amidst pressure on hiring and annual pay rise for employees, the country’s software and services hubs such as Bengaluru, Hyderabad, Chennai, Pune and Noida-Gurgaon in NCR are expected to see 10-20 per cent reduction in the housing rents over the next three quarters, according to an ASSOCHAM paper. “IT […]
Tata Consultancy Services said it will create applications on MindSphere, the cloud-based, open IoT operating system from Siemens. IoT stands for ‘Internet of Things’ and refers to connectivity between two machines over the Internet, with zero human interface. Examples include a connection between a smart electricity meter at the customer’s home and a billing computer […]
Tech Mahindra said its revenue fell 0.8% quarter on quarter in the three months ended March to Rs 7,495 crore, while net profit fell 31% to Rs 588 cr. In dollar terms, revenue rose 1.3% quarter on quarter and in constant currency terms, it was up 0.9% QoQ. In dollar terms, operating profit fell 22% […]
SpiceJet has introduced self check-in for baggage at Mumbai’s Chhatrapati Shivaji domestic airport. Customers flying with SpiceJet can now simply check-in their baggage at the self-service kiosks themselves up to 45 minutes prior to the departure time. “Independent of counter opening hours passengers can simply drop-off their luggage easily by themselves, without having to wait […]
Outsourced services provider Wipro Ltd said it was undergoing a rebranding to reflect its evolving business. “The new brand identity signifies a higher level of engagement and brand permission that helps clients leverage Wipro’s expertise to address their business requirements and drive future opportunities in this digital era,” the company said. As part of the […]
Tata Consultancy Services has reported Q4 revenue of Rs 29,642 cr, a decline of 0.3%, and said his company will wait and see about new US visa regulations that are scheduled to come out today. NEW VISA RULES On new visa regulations expected today, Gopinathan said TCS will ‘wait and see’ what kind of rules are […]
