Bharti Airtel said it will acquire 25% in a Bengaluru based networking software company for an undisclosed amount. Lavelle Networks helps large corporations and organizations create their own virtual networks spread over several physical networks. “Software-defined Wide Area Network is the necessary arsenal for enterprises to transform and future-proof their network infrastructure in this digital […]
Tata Consultancy Services and Bharti Airtel said they tested a 5G-enabled and automated manufacturing set-up using the trial 5G spectrum allocated by Department of Telecom. Called ‘Neural Manufacturing Suite’, the technology aims to implement a ‘lights out’ factory set-up, in which the factory produces everything by itself without human or worker supervision or intervention. This […]
Industrial automation player Marshall Machines said its promoters will sell around 3.4% of the company to raise capital to meet the company’s working capital needs. The promoters currently hold around 73.4% of the total outstanding shares, which will come down to 70% by the end of the exercise. A 3.4% stake in the company is […]
Pune-based Persistent Systems, one of India’s niche software and services companies, said it has decided to overhaul its employee stock options plan to make it “one of the most inclusive” in the global IT services industry. The new plan, it said, will cover around 80% of its global employee base. The company, which focuses on […]
KPIT Technologies, an outsourced solutions provider primarily targeting automobile producers, said it has decided to boost investments in computer-controlled vehicle technology, given an increased demand from clients for such solutions. Most of the core aspects of vehicles on the road currently are controlled by mechanical methods, such as steering, suspension, braking and so on. However, […]
Chennai-based Cloud Computing solutions provider Ramco Systems said it has implemented its HR and payroll solution at Kuwait Food Company (Americana) K.S.C.C., one of the largest food companies in the Middle East. It said the first phase of the project has gone live, involving 9,000 in the UAE. Americana Group was founded in 1964 in […]
Syncordis SA, a wholly owned subsidiary of technology consulting and digital solutions firm L&T Infotech, said that it has agreed to supply solutions from banking software provider Temenos to its customers. “Through the partnership with Temenos, the company will attain enhanced capabilities to offer a wide range of services across Temenos product portfolio and manage […]
Financial software provider Wipro Gallagher, a unit of Wipro Ltd, launched the latest version of its loan origination software, NetOxygen. The new version offers more control to lenders and better streamlining, the Indian company said. Version 6.0 also offers a web-based dashboard, designed to provide updates on the loan status. The new version also aims […]
Mumbai-based software developer Aurionpro Solutions reported a sharp increase in profits for the Oct-Dec quarter, aided by a 22% jump in its revenue. The compay, which makes software for the financial sector, infrastructure projects and cyber security, reported a 44% increase in net profit for Oct-Dec to Rs 15.5 crores. Revenue jumped to Rs 115 […]
Tata Consultancy Services (TCS) said it will deploy an enhanced policy management solution for Phoenix Group, Europe’s largest life and pensions consolidator and a TCS client of 12 years. The move will not only give more advanced features for Phoenix Group, but also increase the number of Phoenix policies managed using TCS’s BaNCS platform to 5.5 […]
Outsourced services provider Infosys said it has made yet another investment of $1.5 mln in start-up software company TidalScale, taking the total to $3 mln. TidalScale creates software that helps ‘merge’ multiple servers (or powerful computers) into a giant and super-powerful unit. Traditionally, the need for more power has been met by ‘clustering’ servers together. […]
WhatsApp, India’s largest communication platform used by an estimated 65% of the country’s online population, has come under scrutiny for providing a conduit to distribute ‘fake news’ after multiple cases of lynchings came to light. While the company has urged ‘society and companies’ to help tackle the menace, the messaging application has some more to […]
Reliance Jio Infocomm Ltd said it has tied up with Israel-based Screenz to offer interactivity and ‘play along’ features for television programs in India. With the help of the offering, television channels can keep their viewers engaged on a realtime basis using smartphone apps. Jio has already deployed the concept for the quiz show Kaun […]
Ramco Systems said it won a deal to provide HR software to manage over 3,000 employees of Malaysia-based Ranhill Holdings Berhad in five entities. Financial details were not revealed. The Indian company said it “beat local and international vendors to secure the deal.” Ranhill Holdings is a Malaysian conglomerate with interest in the environment and […]
Infosys said it launched Finacle Trade Connect, a network-based system of distributed record keeping for banks based on the block chain technology. A blockchain-based record is open to all participants and all participants have a copy of all the data. Moreover, all transactions are recorded on a real-time basis on every copy of data. In […]
Cloud-based software vendor Ramco Systems’ said it won a multi-million dollar order from Philippines-based logistics and money transfer company LBC Express, a year after getting its first order from the company. The first order was to deploy a cloud-based HR management system, while the latest order is in the nature of ERP deployment to manage […]
Google has activated support for third-party apps in its Google Assistant product in India. Before this, it was not possible for third-party apps to be launched or accessed via Google Assistant in India. Google Assistant is the company’s artificial intelligence-based mobile phone search and assistance app similar to Siri from Apple. To enable the new […]
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 […]
Online payment company PayPal has selected five startups – Finbox, Neoeyed, Paymatrix, Scalend and Tybo – for inclusion into its incubator program in Chennai. The program offers startups technology counsel and mentorship, infrastructure support and networking opportunities with both investors and customers. In addition to these, PayPal will also be picking up a stake in […]
