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Tata Consultancy Services (TCS), a leading global lT services, consulting and business solutions organization, and the Singapore Management University (SMU), has announced that the SMU-TCS iCity Lab’s SHlNESeniors project has won Constellation Research’s 2019 SuperNova Award in the category Al & Augmented Humanity. The Constellation SuperNova Awards celebrate the leaders and teams who successfully apply…
Tejas Networks has announced that it has signed a Memorandum of Understanding (MoU) with Bharat Electronics Limited (BEL), India’s premier defence solution provider. The MoU envisages strategic cooperation, covering the use of Tejas’ optical transmission, access and data-switching products for domestic and export markets by jointly capitalising on the emerging opportunities in defence communication, strategic…
Leading Indian media firm, Amar Ujala, has acquired a majority stake for around 130 crore as part of its expansion plans in the healthcare sector. Cygnus Medicare is a chain of super speciality hospitals that has spread its wings in the NCR region. Amar Ujala has said, in a media statement to PTI, “ The…
Mumbai-based White Organics launches its e-commerce portal for online shopping of its 130+ products containing pure organic fruits and veggies. The new e-commerce portal will provide customers an easier way to learn about different range of White Organics products, benefits and offers. The company has commenced operations in its company owned Logistic Hub at Tilak…
Zee Entertainment Enterprises Ltd has reconstituted its board with appointment of three new independent directors in lieu of two independent and one nominee Director of Essel Group – namely Niharika Vora, Sunil Sharma and Mr. Subodh Kumar. The reconstituted board consists of six independent directors and two members from the Essel Group. The company has…
Salcomp, a Finland headquartered company and one of Apple’s major component suppliers, has bought Nokia’s defunct handset facility for around Rs 215 crore. The manufacturing facility is expected to create over 10000 jobs. The shut down of this factory in 2014, had resulted in a job loss for around 8000 workers. This factory was Nokia’s…
Bharti Airtel (“Airtel”), India’s largest integrated telecommunications company, has announced the acquihire of Gurgaon-based startup Quikmile, which focuses on building tech-enabled logistics platforms for India. As per a statement issued by Airtel- “Quikmile’s team will now be a part of Airtel X Labs – Airtel’s digital innovation factory, which focuses on IoT, Digital Engineering, Artificial…
Adani Green Energy Chief Financial officer (CFO) Ashish Garg has resigned with immediate effect. The announcement was made in the company’s exchange filing. Adani Green Energy, an Adani Group firm, is one of the largest renewable energy company, with a current project portfolio of 5,290 MW. Ashish, is a senior finance professional having over 17…
Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, has announced that it has won the “Best Lending Implementation” award for the project at Roha Housing Finance in the IBS Intelligence FinTech Innovation Awards 2019. The award recognizes the rapid four month implementation of Nucleus FinnOne Neo…
Punjab Govt’s ‘Startup Punjab Cell’ has collaborated with the Atal Incubation Centre(AIC) at ISB-Mohali, to setup ESTAC program (Enable Start-up Track Acceleration Program). The program focuses on areas of scalability for the government enabled and the private sector driven businesses. Initially, the program will take off as a pilot project with an objective to foster…
Paytm, One97 Communications Limited (OCL), parent company of Indian digital payments, has raised an equity fundraise from a group of investors, including existing shareholders such as Ant Financial and Softbank Vision Fund.
Indoco Remedies Limited has announced the receipt of Establishment Inspection Report (EIR), from the US Food and Drug Administration (USFDA) for its sterile facility (Plant II) and solid dosages facility (Plant III) at Verna, Goa for the inspection carried out between 7th October to 15th October, 2019. This was a Pre-Approval Inspection for a sterile…
The Committee of Creditors of Reliance Communications Limited (“RCOM”) at its meeting held on November 20, 2019 refused to accept the resignation of Anil Ambani and four others from their position as Director of the company. Last week, Anil Dhirubhai Ambani had resigned from his position as Director of Reliance Communications, along with four others…
Razorpay has acquired payroll management company Opfin. The announcement was made at the second edition of FTX, Razorpay’s flagship fintech conference on 22nd November 2019. Opfin was founded in 2017 by Anuj Jain. It provides payroll automation and related services like leaves and offer letter generation to its clients. The platform also provides for storage…
Samarth (Scheme For Capacity Building In Textile Sector) is a flagship skill development scheme approved in continuation to the Integrated Skill Development Scheme for 12th Five Year Plan (FYP), Cabinet Committee of Economic Affairs. The objectives of the scheme are to provide demand-driven, placement oriented skilling programme to incentivize the efforts of the industry in…