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HCL Technologies inches up on the bourses

HCL Technologies is currently trading at Rs. 1042.55, up by 4.05 points or 0.39 % from its previous closing of Rs. 1038.50 on the BSE. The scrip opened at Rs. 1036.35 and has touched a high and low of Rs. 1047.90 and Rs. 1035.00 respectively. So far 6481 shares were traded on the counter. The BSE group ‘A’ stock of ... Read More »

Cricket Australia selects HCL Technologies as digital technology partner

HCL Technologies and Cricket Australia (CA) have entered into a multi-year partnership, with HCL being chosen as the Digital Technology Partner of CA. The company will help the Australian cricket’s governing body provide an elevated and immersive digital experience to cricket fans, players, partners, employees, and volunteers across the country and around the world, through CA’s digital offerings. The company ... Read More »

Sandhar Technologies signs JV agreement with Winnercom Company

Sandhar Technologies (STL) has signed a Joint Venture (JV) Agreement with Winnercom Company, Republic of Korea. The joint venture is being established for manufacturing and selling, electronic parts and accessories for the automotive industries in India which would include Shark fin antenna and micro pole antenna etc. and catering to the four-wheeler segment. The company will hold 50% of total ... Read More »

NIIT Technologies completes acquisition of 52.11% stake in Whishworks IT Consulting

NIIT Technologies has concluded the transaction at the first closing by acquiring approximately 52.11% stake in the equity share capital of Whishworks IT Consulting, thereby acquiring control of the Whishworks IT Consulting. The balance 0.56% stake of the first closing shall be acquired upon fulfilment of certain regulatory requirements by Whishworks IT Consulting. Consequent to the above transaction, Whishworks IT ... Read More »

Hexaware Technologies acquires Mobiquity

Hexaware Technologies has acquired Mobiquity Inc. for a total consideration of around $182 million. Mobiquity creates awesome digital products for some of the most well-known brands in the world, such as Amazon Web Services, Rabobank, Philips, Wawa, Backbase and Otsuka. Mobiquity is one of the largest independent customer experience consulting firms that specializes in creating frictionless multi-channel digital experiences using ... Read More »

Trigyn Technologies’ arm secures contract to provide enterprise support services to Baltimore

Trigyn Technologies’ wholly owned subsidiary – Trigyn Technologies, Inc. has been awarded a contract to provide Enterprise Support Staff Services to Baltimore City, Maryland, Baltimore City Office of Information Technology (BCIT). The award is for a period of three years, with two one year options, bringing the potential term to five years. The award covers 87 Information Technology Positions and ... Read More »

HCL Technologies features as leader in Digital Transformation Services by ISG

HCL Technologies has been recognized by Information Services Group (ISG), a leading global technology research and advisory firm, in the ISG Provider Lens Digital Business Transformation Global Report for 2019. The company has been rated for high performance in six categories that will help enterprises succeed in their quest for digital transformation. ISG commended HCL for its strong, deep in-house ... Read More »

Zensar Technologies’ Cynosure showcases digital transformation solutions in US

Zensar Technologies’ Cynosure, a Zensar company, has showcased its digital transformation solutions designed for the insurance industry of the future. The event was held in Austin, Texas, USA from May 28 to May 31, 2019. Zensar Technologies operates as a software service company. It is engaged in software development, networking, e-commerce, and systems integration services. It also provides consulting, collaboration ... Read More »

Hulst B.V. increases stake in NIIT Technologies to 33.10%

Hulst B.V. has acquired 27,490 equity shares with face value of Rs 10 each of NIIT Technologies, on May 30, 2019. After this acquisition, the entity’s stake in the company has been increased from 33.06% to 33.10%. NIIT Technologies is a leading global IT solutions organization servicing customers across the Americas, Europe, Asia, and Australia. NIIT Technologies services clients in ... Read More »

Sterlite Technologies radically improves customer serviceability through digital transformation

Sterlite Technologies (STL) has invested in an integrated system to radically shift global customer experiences by building robust planning and delivery processes. With customers spanning across countries in Asia, Europe, the Middle East and Latin America, manufacturing facilities in three continents, and a diverse data network solutions set, STL has a fairly complex demand-supply network. The company also recognizes that ... Read More »

Hulst B.V. buys 1.85 lakh shares in NIIT Technologies

Hulst B.V. has acquired 1,85,000 equity shares with face value of Rs 10 each of NIIT Technologies on May 29, 2019. After this acquisition, the entity’s stake in the company has been increased from 32.76% to 33.06%. NIIT Technologies is a leading global IT solutions organization servicing customers across the Americas, Europe, Asia, and Australia. NIIT Technologies services clients in ... Read More »

Zensar Technologies partners Sanlam to deliver company-wide digital transformation

  Zensar Technologies has partnered Sanlam, a leading insurer from South Africa in its digital transformation aimed at providing cutting-edge market solutions for its millennial generation consumers. The company’s Robotic Process Automation solutions, with the team’s digital capabilities has driven this enterprise wise mandate for Sanlam. The underlying objectives of the digital transformation mandate at Sanlam was to leverage Robotic ... Read More »

Trigyn Technologies joins as 6th Platinum member of FIWARE Foundation

Trigyn Technologies has joined as the 6th Platinum Member the highest FIWARE membership level of FIWARE Foundation e.V. Trigyn makes now part of the Board of Directors and the Technical Steering Committee to take an active role in the definition and implementation of relevant standards at general and domain-specific levels. This includes a strategic role in the Foundation’s decision-making authorities, ... Read More »

Palred Technologies’ arm inks pact with Amazon to sell Xmate brand of products

Palred Technologies’ subsidiary– Palred Technology Services has signed an agreement to sell the Xmate brand of products on Amazon India. Amazon has approved 45 different products / stock keeping units (SKUs) under this agreement. Palred Technology Services would be selling Xmate brand of products only on Amazon India. Palred Technology Services operates as a subsidiary of Palred Technologies. Palred Technologies ... Read More »

Hulst B.V. hikes stake in NIIT Technologies

Hulst B.V. has acquired 23,879 equity shares with face value of Rs 10 each of NIIT Technologies, on May 20, 2019. After this acquisition, the entity’s stake in the company has increased from 31.65% to 31.68%. NIIT Technologies is a leading global IT solutions organization servicing customers across the Americas, Europe, Asia, and Australia. NIIT Technologies services clients in travel ... Read More »

Hulst B.V. acquires stake in NIIT Technologies

Hulst B.V. has acquired 18,848,118 equity shares (with face value of Rs 10 each) of NIIT Technologies, on May 17, 2019. After this acquisition, the entity’s stake in the company has increased from 1.14% to 31.65%. NIIT Technologies is a leading global IT solutions organization servicing customers across the Americas, Europe, Asia, and Australia. NIIT Technologies services clients in travel ... Read More »

Zen Technologies zooms on the BSE

Zen Technologies is currently trading at Rs. 74.00, up by 4.40 points or 6.32% from its previous closing of Rs. 69.60 on the BSE. The scrip opened at Rs. 72.00 and has touched a high and low of Rs. 76.00 and Rs. 72.00 respectively. So far 3025 shares were traded on the counter. The BSE group ‘B’ stock of face ... Read More »

Sterlite Technologies launches Digital Software Portfolio for CSPs

Sterlite Technologies has launched ‘Digital Software Portfolio’ a portfolio of digital products that enables Communication Service Providers (CSPs) to go to market faster and offer enhanced and personalised experience to their users. The ‘Digital Software Portfolio’ is now available for the company’s CSP customers globally. This software solutions portfolio includes Digital Revenue Management System, Digital Engagement Platform, Digital Policy Control ... Read More »

Zim Laboratories to invest in ZIM Health Technologies

Zim Laboratories has received approval to invest in Zim Health Technologies by acquiring shares from existing shareholder and issue of equity shares by Zim Health Technologies. Post-acquisition of shares from existing shareholders, Zim Health Technologies would become wholly-owned subsidiary of Zim Laboratories. The Board of Directors of the Company at its meeting held on May 16, 2019 has approved the ... Read More »

NIIT Technologies trades in green on the bourses

NIIT Technologies is currently trading at Rs. 1247.25, up by 1.60 points or 0.13%, from its previous closing of Rs. 1245.65 on the BSE. The scrip opened at Rs. 1246.00 and has touched a high and low of Rs. 1252.00 and Rs. 1241.80 respectively. So far 32281 shares were traded on the counter. The BSE group ‘A’ stock of face ... Read More »

Dynamatic Technologies’ Aerospace Division converted from DTA to EOU

Dynamatic Technologies’ Aerospace Division located at Bangalore, India has been converted from Domestic Tariff Area (DTA) to an Export Oriented Undertaking (EOU) under the existing Foreign Trade Policy 2015-2020. In this context, the requisite Letter of Permission (LoP) and Green Card has been issued and all registration formalities have been completed with Customs authorities and the first import shipment has ... Read More »

HCL Technologies participates in SAPPHIRE NOW to showcase Smart Logistics

HCL Technologies has participated at SAPPHIRE NOW and ASUG Annual Conference being held May 7- 9, 2019 in Orlando, Florida. The company will showcase a joint demo with Sierra Wireless, a leading provider of fully integrated device-to-cloud solutions for the Internet of Things (IoT), on the Smart Logistics for Inventory Tracking 1.0 Accelerator powered by SAP Leonardo. This SAP-certified solution ... Read More »

UNAIDS signs agreement with Trigyn Technologies’ arm

UNAIDS has signed a non-exclusive Long-Term Agreement (LTA) with Trigyn Technologies’ wholly owned subsidiary — Trigyn Technologies Inc., for providing Open source IT services such as Drupal/PHP and Django/Python. This LTA will be for two years (May 2021). Under this LTA, Trigyn Technologies Inc. will provide onsite as well as offsite technical and function resources under fixed Price contracts as ... Read More »

HCL Technologies trades in green on the bourses

HCL Technologies is currently trading at Rs. 1133.15, up by 6.40 points or 0.57% from its previous closing of Rs. 1126.75 on the BSE. The scrip opened at Rs. 1126.75 and has touched a high and low of Rs. 1139.85 and Rs. 1126.75 respectively. So far 754 shares were traded on the counter. The BSE group ‘A’ stock of face ... Read More »

Trigyn Technologies trades higher on the BSE

Trigyn Technologies is currently trading at Rs. 65.95, up by 0.40 points or 0.61% from its previous closing of Rs. 65.55 on the BSE. The scrip opened at Rs. 65.40 and has touched a high and low of Rs. 65.95 and Rs. 65.40 respectively. So far 200 shares were traded on the counter. The BSE group ‘B’ stock of face ... Read More »

NIIT Technologies reports 13% rise in Q4 consolidated net profit

NIIT Technologies has reported results for fourth quarter and year ended March 31, 2019. The company has reported a rise of 75.62% in its net profit at Rs 63.40 crore for the quarter under review as compared to Rs 36.10 crore for the same quarter in the previous year. Total income of the company increased by 31.52% at Rs 558.30 ... Read More »

Zensar Technologies reports 12% rise in Q4 consolidated net profit

Zensar Technologies has reported results for fourth quarter and year ended March 31, 2019. The company has reported a rise of 43.69% in its net profit at Rs 82.91 crore for the quarter under review as compared to Rs 57.70 crore for the same quarter in the previous year. Total income of the company increased by 7.43% at Rs 390.05 ... Read More »

NIIT Technologies’ AdvantageGo launches Underwriting workbench solution

NIIT Technologies’ commercial insurance and reinsurance product — AdvantageGo has launched its ‘Underwriting’ workbench solution. Specifically designed for and in partnership with underwriters, ‘Underwriting’ streamlines and automates low-value tasks, systemises processes and improves operational excellence. Powered by an ecosystem of data providers that supports data led decisions, ‘Underwriting’ proactively delivers new business insights and risk specific knowledge. When combined with ... Read More »

CCI gives approval to Baring PE-NIIT Technologies’ Rs 2,627 crore deal

The Competition Commission of India (CCI) has cleared Baring Private Equity Asia’s 30 percent stake purchase in NIIT Technologies in a Rs 2,627-crore deal. The acquisition will trigger an open offer under which Baring Private Equity Asia (BPEA) will make an offer to public shareholders of NIIT Technologies for purchasing up to 26 per cent additional shareholding, taking the total ... Read More »

HCL Technologies launches CyberSecurity Fusion Center

HCL Technologies (HCL) has launched its CyberSecurity Fusion Center (CSFC) in Frisco, Texas. The opening of the CSFC represents the next phase in the company’s mission to support secure business growth by providing customers with a single point of contact for the enterprise security lifecycle, from detection to remediation. In addition, the CSFC reflects HCL’s commitment to the state of ... Read More »

Sterlite Technologies gets nod to raise funds up to Rs 1000 crore via NCDs

Mumbai : Sterlite Technologies has received an approval for issue of Non-Convertible Debentures (NCDs) of up to Rs 1000 crore. The Board of Directors of the Company at their meeting held on April 23, 2019, approved the same. The Board has also given approval for raising of funds, inter alia, by issue of equity shares, any financial instruments and/or security ... Read More »

Hexaware Technologies reports 3% rise in Q1 consolidated net profit

Mumbai : Hexaware Technologies has reported results for the first quarter ended March 31, 2019. The company has reported a rise of 25.98% in its net profit at Rs 118.61 crore for the quarter ended March 31, 2019 as compared to Rs 94.15 crore for the same quarter in the previous year. Total income of the company increased by 22.08% ... Read More »

NIIT Technologies features as leader in NelsonHall NEAT report 2019

Mumbai : NIIT Technologies has been positioned as a ‘Leader’ in the Overall market segment for RPA and AI in Banking in NelsonHall NEAT report 2019. This NelsonHall Vendor Evaluation & Assessment Tool (NEAT) analyzes the performance of 14 leading vendors offering RPA & AI services in the banking sector. The NEAT tool allows strategic sourcing managers to assess the ... Read More »

Zensar Technologies sponsors ‘the International Women’s Hackathon 2019’

Zensar Technologies is an associate sponsor of the prestigious 2019 edition of the International Women’s Hackathon organized by HackerEarth (the world’s largest developer communities). The edition was launched on March 08, 2019 globally as part of International Women’s Day celebration. Zensar Technologies operates as a software service company. It is engaged in software development, networking, e-commerce, and systems integration services. ... Read More »

Adani Enterprises’ arm acquires Alpha Design Technologies

Mumbai : Adani Enterprises’ wholly owned subsidiary — Adani Defence Systems and Technologies has acquired the control of Alpha Design Technologies. The acquired company provides Adani Defence and Aerospace a strong Tier – I capability for building a base for graduating to platform capabilities. The key Business Areas of Alpha Design Technologies is in Defence Electronics, Avionics, Aero-structure Assemblies, Space ... Read More »

Sterlite Technologies gains on planning to raise funds

Sterlite Technologies is currently trading at Rs. 203.70, up by 1.90 points or 0.94% from its previous closing of Rs. 201.80 on the BSE. The scrip opened at Rs. 204.40 and has touched a high and low of Rs. 206.00 and Rs. 202.90 respectively. So far 85168 shares were traded on the counter. The BSE group ‘A’ stock of face ... Read More »

NIIT Technologies to acquire 53% stake in WHISHWORKS

Mumbai : NIIT Technologies has signed a definitive agreement with WHISHWORKS IT Consulting, an IT services and consulting company specializing in MuleSoft and Big Data technologies, to acquire a 53% stake initially, with the remaining equity to be acquired over the next two years through pay-outs linked to financial performance. This transaction is expected to be margin and earnings accretive ... Read More »

Baring Private Equity Asia to acquire 30% stake in NIIT Technologies

Mumbai : Baring Private Equity Asia (BPEA) has signed definitive agreements with NIIT Technologies to purchase approximately 18.85 million NIIT Technologies shares (approximately 30% shareholding on a fully diluted basis in NIIT Technologies) from NIIT and other promoter entities at a price of Rs 1,394 per share. The aggregate consideration for purchase of shares from promoter entities is estimated to ... Read More »

Lumax Auto Technologies to sell PCB unit

Lumax Auto Technologies has received approval for discontinuation of the PCB manufacturing with effect from April 01, 2019. The Board of Directors of the Company at its meeting held on March 16, 2019 has approved the same. In addition, the board has also approved the disposal of Plant & Machinery to Lumax Industries relating to PCB Business on arm’s length ... Read More »

HCL Technologies wins NASSCOM BPM Customer Excellence Awards 2018

HCL Technologies has won the NASSCOM BPM Customer Excellence Awards 2018 in Co-creation category. The company has received this recognition for helping its customer, a leading multinational bank and Financial Services company bring in customer-centricity with an innovative digital transformation of its Asset Management business. With the support of HCL Technologies, it set up an exclusive team to create a ... Read More »

ICRA reaffirms ratings assigned to Sasken Technologies

Credit rating agency, ICRA has reaffirmed rating assigned to Sasken Technologies’ Fund Based instrument worth Rs 50 crore at ‘A1+’. The rating agency has also reaffirmed rating of the Non Based Fund instrument worth Rs 40 crore at ‘A1+’. Sasken Technologies offers a range of services in areas of research & development consultancy, wireless software products and software services, and ... Read More »