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 […]
Infosys reported a quarter that was largely in line with expectations and said it retains its full-year revenue growth guidance at 5.5-6.5%, excluding the impact of currency movements. With nine months gone, the company has grown at 5.6% in constant currency terms so far. For the third quarter, revenue in constant currency was up 0.8% […]
Tata Consultancy Services said it will take over the policy administration and customer service functions of US insurer Transamerica along with 2,200 of its employees in a $2 bln-plus, multi-year deal. The Indian company will migrate the administration of over 10 mln insurance policies on to its BaNCS platform and provide ‘third party administration’ or […]
Tata Consultancy Services reported a 1.3% improvement in revenue in constant currency terms, which is less than the 1.7% improvement reported in the previous quarter, but largely in line with expectations for a tame quarter. Revenue grew 6.2% on year in constant currency terms. In rupee terms, the company’s revenue was at 30,904 crore; up […]
Social and mainstream media is abuzz with headlines that scream that the Aadhaar database has been ‘leaked’ or ‘breached’ by miscreants and that the UID Authority of India has been caught napping. “Personal data of a billion Indians sold online for £6”, screams the Guardian. “Local Indian newspaper was able to access the private data […]
NIIT Limited, which made a name for itself training millions of Indians with IT skills, said it acquired a US-based corporate training company. NIIT will incur a cost of $8.1 mln (Rs 51.50 cr) over the next five years for the acquisition, including assumed debt and goodwill costs. Eagle International Institute provides training programs for […]
IT services provider Hexaware Technologies said it has become a Registered Business Partner of Pegasystems Inc. Pegasystems develops software for customer relationship management (CRM) and business process management (BPM) for a variety of industries such as financial services, utilities etc.. The tie-up will help Hexaware clients who want to implement Pega’s consulting and implementation, the […]
Cyient, a Mumbai-based provider of engineering, geospatial and operations management services, said it has tied up with UK-based EA Technology to jointly market each others’ services to power utilities. EA Technologies provides solutions to electric utilities to monitor and manage their assets such as cables and other electric instruments. As part of the alliance, Cyient […]
German equipment maker Siemens has signed up IT services provider HCL Technologies to develop and expand its Internet-of-Things platform MindSphere. Mindsphere is Siemens’ cloud–based open Internet of Things (IoT) operating system, and includes technology, applications, connectivity, system integration and go-to-market strategies. Siemens is keen on developing the package as a standard for industrial equipment to […]
Google India today launched a lighter version of Android operating system that it said will work on devices with as little as 512 MB of RAM, and also unveiled a Google Assistant version that runs on Reliance Jio semi-smartphones. LOW END PHONES Google announced a new version of its Android operating system called AndroidGo, tailored […]
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 […]
Zensar Technologies, the IT services company from the RPG Group, said its chief financial officer Manoj Jaiswal resigned with immediate effect. “He will be relieved from his duties with effect from the closing of business hours on Dec 4,” the company said. It was not clear why the CFO resigned abruptly. Zensar Technologies also said […]
Two crucial factors that swung the decision in favor of hiring Capgemini veteran Salil Parekh as the new CEO of Infosys were his familiarity with working in the IT sector in Bangalore and his overall ‘cultural fit’ with the Indian IT industry, said Kiran Mazumdar-Shaw, who heads the committee that spearheaded the search for a […]
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 […]
Wipro Lighting said it has signed up with CISCO to incorporate the latter’s Internet technology-based control systems. With this, said the Bangalore-based company, some of its products can be controlled by and linked to a single, converged IP network based on Cisco’s Digital Building Solutions technology. The technology enables large buildings to save on power […]
E-commerce solutions provider Infibeam said its unit Avenues India, which operates the payment service CCAvenue, has entered the bill payment service with the launch of a new service BillAvenue. The service has been built atop the Bharat Bill Payment System created by the National Payments Corporation of India, which also created the UPI money transfer […]
Tata Consultancy Services, India’s biggest foreign exchange generator, said it has set up a Global Development Center in Hyderabad to cater to Zebra Technologies, a billion-dollar US corporation that specializes in tracking technologies such as bar codes and RFID. The new center will provide “operational efficiencies and an enhanced customer experience” for the client, TCS […]
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 […]
Just Dial, the local classifieds company, said it “does meet relevant corporates for exploring any business or strategic opportunities and tie-ups”, but there is no proposal to be acquired by Google “as of now”. The statement came in response to a report in the Business Standard daily that said Google has started talks with Just […]
