Fairfax India Holdings Corporation (Fairfax India), a longstanding investor in IIFL Finance Limited (the company), has announced its commitment to provide liquidity support amidst the recent Reserve Bank of India (RBI) embargo effective March 5, 2024, on the company’s gold loan disbursements. The RBI’s embargo has raised liquidity concerns amongst the company’s investors and lenders.…
Accenture has completed the acquisition of the business of media and marketing technology company Jixie. Jixie’s intelligent digital marketing platform and team will be integrated into Accenture to strengthen its marketing transformation capabilities and resources through Accenture Song – the firm’s tech-powered creative group—helping Indonesian clients deliver more personalized experiences to enhance customer engagement for sustainable business growth.…
International Centre for Industrial Transformation (INCIT), a non-profit Environment, Social and Governance (ESG) organisation, and TÜV SÜD South Asia, a leading certification, testing, auditing, inspection and training company, have signed a partnership agreement to establish the first-ever Smart Industry Readiness Index (SIRI) training and examination centre in India. The document was signed by Mr Raimund Klein, Founder,…
Tata Elxsi, through its NEURON product suite, announced a strategic partnership with Accuknox, the developer of NIMBUS, a state-of-the-art cloud-native security solution. This collaboration marks a significant advancement in network transformation and security, offering operators a comprehensive solution for building and securing autonomous networks, a statement said. NEURON, an award-winning telco automation platform, comprises of…
Wipro Limited, a global technology services and consulting company, announced an expanded collaboration with Intel Foundry to accelerate chip design innovation. As the key Design Services and Alliance Partner, Wipro will work with Intel Foundry to accelerate the development of Intel’s most advanced process nodes, including the Intel18A process node, as per the statement. The…
Crayon, a global leader in IT services and innovation, announced its strategic partnership with Kahoot!, becoming the newest reseller of the global learning and engagement platform’s tools. This comes at a time when 3 in 4 teachers believe technology has played a key role in making learning more student-centered following lower levels of engagement and motivation post-pandemic,…
STL Digital Limited, an IT Services and Consulting Company [a wholly-owned subsidiary of STL, announced that it received the SAP APJ Award for Partner Excellence 2024 for Top New Cloud Partnership. Awards were presented to the top-performing partners in the Asian Pacific Japan region who made outstanding contributions to driving digital transformation for businesses using…
Khyaal, India’s number one app for senior citizens, has raised USD 4.2 million in a seed funding round. The round was co-led by 62Ventures, SVQuad, and Inventus Capital. Glen Tullman, Kanwal Rekhi, Raju Reddy, and Raj-Ann Gill, were among the distinguished entrepreneurs and investors who participated in this round. Notable existing investors, including Everywhere Ventures, Supermorpheus, and Unpopular Ventures also invested in this round, bolstering their support to…
Tata Communications , a global commtech (communications technology) player, has partnered with Microsoft to provide flexibility in collaboration and connectivity on Microsoft Teams for businesses in India. Tata Communications’ GlobalRapide platform will enable Indian businesses and multinationals operating in the country to make and receive carrier-grade PSTN voice calls on any Teams device, anywhere in the…
Mahindra Group announced key leadership appointments across businesses. Manoj Bhat, Group Chief Financial Officer has been appointed as the MD & CEO of Mahindra Holidays Resorts India Ltd (MHRIL) effective 17th May 2024, consequent to Kavinder Singh’s decision to take on the next challenge in his professional journey effective 16th May 2024. Amarjyoti Barua, Executive…
Infosys, a global leader in next-generation digital services and consulting, announced that it has signed a seven-year strategic collaboration with Musgrave, Ireland’s leading food retail, wholesale and foodservice company. As part of this collaboration, Infosys will help automate Musgrave’s IT operations by leveraging its industry leading AI and Cloud offerings, Infosys Topaz, an AI-first set of services, solutions and…
Accenture and Mujin, a leader in intelligent robotics for manufacturing, logistics and supply chain operations, have established Accenture Alpha Automation, a joint venture for the manufacturing and logistics industries. Accenture Alpha Automation will help companies automate their management infrastructure with data-driven solutions that seamlessly combine data from manufacturing and logistics operations with management data. The…
Crompton Greaves Consumer Electricals Ltd. has been honored as one of India’s Best Managed Companies 2023 by Deloitte India recognizing its consistent efforts to drive business excellence for the second consecutive year. India’s “Best Managed Companies” winners are amongst the best-in-class Indian companies demonstrating leadership in the areas of strategy, capabilities, innovation, culture, commitment, and…
Envision Energy International, and AM Green, a hydrogen and green ammonia venture wholly owned and controlled by the founders of Greenko Group, signed a Memorandum of Understanding (MOU) to partner in the manufacture of wind turbines for AM Green’s clean energy projects in India and to collaborate on green hydrogen projects. The MOU was signed during the…
Global payroll solution provider, Ramco Systems, announced that it has entered into a partnership with BDO India LLP, one of India’s leading professional services organisations, part of BDO International, globally the 5th largest Network with presence in more than 162 countries. The partnership leverages the distinctive strengths of each entity, positioning Ramco as the Technology Platform Provider and BDO India…