Infosys has announced that its Audit Committee of the Board of Directors has concluded the independent investigation into allegations contained in the whistleblower’s complaints the company disclosed on October 21, 2019 and determined that the allegations are substantially without merit. The Audit Committee conducted a thorough investigation with the assistance of independent legal counsel Shardul…
Cholamandalam Investment and Finance Company Limited, one of India’s financial services companies, has raised ₹4 billion from CDC Group Plc, the United Kingdom’s Development Finance Institution and impact investor through the issuance of unsecured, subordinated, Rupee Denominated Masala Bonds. CIFCL caters to small and medium road transport operators for new and used commercial vehicles with…
Bulbul, a live video shopping app, has signed up with Unicommerce, an e-commerce enablement technology platform for managing the growth of its operations. Bulbul partnered with Unicommerce to manage its growing orders. With Unicommerce’s warehouse management and vendor panel, Bulbul gets access to fulfilment technology to scale up the operations. It will also enable seamless…
Thomas Cook (India) Ltd., India’s integrated travel and travel related financial services company, was honoured with the Best Outbound Tour Operator 2019 award by SATTE, South Asia’s leading B2B travel and tourism trade exhibition. The SATTE Awards serve to recognise outstanding achievements and celebrate delivery of innovation and excellence by the Indian travel and tourism…
HashedIn Technologies Pvt. Ltd, intelligent SaaS, announced that it has achieved Amazon Web Services (AWS) DevOps Competency status. This designation recognizes that HashedIn provides proven technology and deep expertise to help customers implement continuous integration and continuous delivery practices or helping them automate infrastructure provisioning and management with configuration management tools on AWS. Achieving the…
In a bid to encourage Start-Ups operating in the area of renewable and alternate energy sources like Compressed Bio Gas production, GAIL (India) Limited has opened its 4″ round of applications for Solicitation of Investment Proposals from Start-Ups operating in the sphere. Ashutosh Karnatak, C&MD, GAIL said “we are enthused to support the Start-Up India…
ZingHR recently became one of the top Pure Cloud HR Tech ventures which have crossed a million+ employee records along with million+ transactions. ZingHR is an HR tech venture accelerated at Microsoft, with more than 300+ employees, 550+ customers and now reached the mark of million+ active users. ZingHR offers a complete solution of the…
Tata Consultancy Services, a global IT services, consulting and business solutions organization, has expanded its partnership with Vipps AS, Norway’s leading player in the payments and identification segment, to leverage TCS’ Machine First Delivery Model (MFDM) and cloud services to accelerate the latter’s growth and digital journey. TCS has played a vital role in Vipps’…
STL, a data networks innovator, has announced an investment in ASOCS, a developer of open, disruptive and virtualized Radio Access Network (vRAN) solutions, delivering 4G and 5G for cellular networks. As a part of the overall transaction, STL has acquired a 12.8% stake in the company (on an issued and outstanding basis) and Board representation.…
Rockwell Automation, Inc. has announced the signing of an agreement to acquire privately held Avnet Data Security, LTD, an Israeli-based cybersecurity provider with over 20 years of experience providing cybersecurity services. Avnet offers a full set of IT cyber services and solutions ranging from assessments, penetration testing, network & security solutions, and training to converged…
Ashok Leyland and ABB Power Products and Systems India Limited have signed a Memorandum of Understanding (MoU) in the public e-mobility space, to expand the ecosystem for efficient and greener electric bus transportation systems in India. The MoU outlines a partnership to develop a pilot electric bus based on ABB’s innovative flash-charge technology, TOSA, which…
Tata Consultancy Services (TCS), a global IT services, consulting and business solutions organization, has been recognized as a Leader in the NelsonHall NEAT for Agile DevOps and Automated Development services. TCS’ organization-wide focus on instilling agile principles, end-to-end DevOps platforms, and large, distributed scaled agile delivery experience, were cited as strengths. According to the report,…
KKR, a global investment firm has announced that it has acquired Riata Corporate Park in Austin, Texas, in a deal valued at approximately $258 million. Riata Corporate Park is an eight-building, 688,100 square foot, Class A office campus located in Northwest Austin, Austin’s largest office submarket. The acquisition includes an adjacent land site that is…
Mahindra Logistics Ltd. (MLL), one of India’s largest 3PL solution providers, has recently launched a state-of-the-art distribution center for the Pharma industry in North India. With this launch, MLL forays into a first-of-its-kind temperature-controlled warehouse in the Pharma sector. Through this facility, MLL will manage the warehousing and distribution for its client, in addition to…
Vaibhav Global Limited has announced the appointment of Jay Chandran as Chief Technology Officer (CTO). Chandran previously served as CTO at Advantage Rent A Car and prior to that at US-based electronic retailer HSN, where he served for eleven years with his last assignment as the Operating Vice President of Information Technology for six years.…