IT Newsletter - December 07 to December 11, 2015

India Infoline News Service | Mumbai | December 11, 2015 17:26 IST

IT sector saw large number of tie ups by top IT firms like TCS, Infosys with companies from other, mostly banking sector to provide the technological expertise to the companies. The legislation introduced by US senators for the reformation of the H1B Visa was one of the top news of the week, among others. IIFL presents a weekly snapshot of all the major happenings in the IT sector, nationally and internationally.

Top News

US senators introduce bill to cut H1B visas by 15,000; IT firms may suffer

IT companies in India are likely to be in a fix as US is considering a reduction in the number of H-1B visas by 15,000. The legislation introduced by two of the American senators, if passed would also consider providing H-1B visas preferably to highest wage earners, as recommended by the senators...Read More

Infosys to create 250 new jobs over next three years in Ireland
Infosys intends to create 250 new jobs over the next three years in Ireland to develop new technologies and support innovation in global financial institutions, announced Taoiseach (Prime Minister) Enda Kenny and Richard Bruton, the Minister for Jobs, Enterprise and Innovation, Government of Ireland. This project has been supported by the Department of Jobs through IDA Ireland...Read More

In Focus

Indian software market to reach $5.3 bn in 2016: Gartner

Indian software market is on track to reach $5.3 billion in 2016, a 12.8 percent increase from 2015, according to Gartner, Inc. “The enterprise software marketplace is dynamic and ever-changing. Its growth and structure are being shaped by factors and forces of decentralized purchasing, consumerization, mobility, influence of other emerging markets, cloud-based implementations, and new consumption models,” said Bhavish Sood, research director at Gartner...Read More

10-12% revenue growth expected in FY16, Anand Deshpande, Persistent Systems
Persistent Systems is experiencing a fair traction in areas like enterprise digital transmission, various works and products that are coming in and pipeline. These areas are expected to provide good revenues for second half of FY15. Anand Deshpande, Founder, MD & CEO, Persistent Systems said that the company has done 3 acquisitions in the last few months which will definitely generate revenues and the company will come with more acquisitions to expand its customer base...Read More

Domestic News

TCS expands capacity in Bhubaneswar

Tata Consultancy Services inaugurated the Phase II of its campus at Kalinga Park in Bhubaneswar by Shri Naveen Patnaik, Hon’ble Chief Minister, Odisha in the presence of Shri Debi Prasad Mishra, Hon. Minister Industries & SME, Shri Pranab Prakash Das, Hon. Minister Energy & IT,  Shri Ashok Chandra Panda, Hon. Minister Tourism & Culture and Aditya Prasad Padhi, Chief Secretary, Government Of Odisha. Also present on the occasion were MP Prasanna Kumar Patasani as well as local MLAs Priyadarshi Mishra and Bijaya Kumar Mohanty...Read More

TCS partners with Vanderbilt Uni for healthcare and life sciences research
Tata Consultancy Services (TCS) announced a new partnership with Vanderbilt University Medical Center (VUMC) to drive innovation in the healthcare and life sciences fields. TCS and VUMC will drive specific research in areas including; genomics, metagenomics, systems biology, bio-informatics, improved care management, and advanced healthcare analytics...Read More

Oman Housing Bank selects TCS BaNCS to enhance customer experience
Tata Consultancy Services (TCS) announced that Oman Housing Bank (OHB) has selected TCS BaNCS Universal Banking to help deliver an enhanced end-customer experience in its endeavor to become a leading housing finance bank in the region. OHB will replace home-grown legacy systems with a comprehensive solution from TCS BaNCS covering loans, deposits, origination, payments, funds transfer and compliance...Read More

TCS demonstrates its leadership in Quality Assurance at TEST Magazine awards
Country’s largest IT firm Tata Consultancy Services (TCS) demonstrated its leadership in Quality Assurance (QA) and Testing services at The European Software Testing Awards, 2015. The awards, organised by TEST Magazine, the UK’s leading software testing magazine, are now in their third year and celebrate excellence, best practice and innovation in the UK & European software testing and QA community...Read More

Wipro steps up investment in UK to offer enhanced digital transformation services
Wipro Digital, the digital business unit of Wipro, a leading global information technology, consulting and business process services company announced the opening of its new London pod, furthering its commitment to offer enhanced digital transformation services at close proximity to its UK and European customers...Read More

TCS BaNCS drives core banking services at IDFC Bank
Tata Consultancy Services (TCS), announced that IDFC Bank has gone operational with TCS BaNCS for core banking services. IDFC Bank started operations on October 1, 2015, with 23 branches, powered by TCS BaNCS. The Core Banking solution equips IDFC Bank with a flexible, easy-to-scale system that will help it deliver a differentiated customer experience...Read More

Persistent Systems eyeing deals with large companies
Persistent Systems is, reportedly, looking forward to signing deals with few large companies in near future. As per reports, presently, the company is planning several deals for acquisitions. The company informed that it has recently made 3 important acquisitions, further mentioning that these recent acquisitions will aid its growth guidance...Read More

DNB Bank selects Infosys for Application Transformation Programme
Infosys, won a contract to transform the application landscape of DNB Bank of Norway. Applying its AiKiDo framework, Infosys will leverage knowledge-based non-disruptive renewal strategies to evolve DNB Bank’s entire data cluster, including business intelligence (BI), analytics, data warehousing services, regulatory reporting, and Enterprise Resource Planning (ERP) functions...Read More

Cognizant to provide Rs. 260 crore for Chennai citizens and employees
Cognizant announced a commitment of $40 million (Rs 260 crore) to help residents, its employees and business partners in Chennai, India, with relief and rehabilitation in the aftermath of recent flooding. Cognizant, one of Chennai’s largest employers with more than 60,000 employees and 11 facilities, will take a multi-pronged approach to support relief and longer-term rehabilitation measures in the city...Read More

Accenture partners Code.com for 'Hour of Code'
Accenture has partnered with Code.org to support global participation in Hour of Code, one of the world’s largest educational events. Thousands of Accenture employees around the world have pledged to complete nearly 8,000 Hours of Code during Computer Science Education Week (December 7-13). This number is expected to grow as Accenture employees commit to an Hour of Code and volunteer to work with teachers and Code.org to help students learn the basics of computer science at local schools and events through fun, game-like online lessons...Read More

IBM partners Federal Bank for secure mobile banking
IBM has signed a deal with Federal Bank for an undisclosed amount to provide secure banking through their mobile banking application, FedMobile. IBM’s Security Trusteer Mobile SDK will ensure safe bank transaction through FedMobile and also warn the users if the network is insecure for money transactions or if the device used is infected....Read More

Software sector dominates Deloitte Technology Fast50 India 2015 rankings
Deloitte announced the 50 fastest growing technology companies in the country as part of its Technology Fast50 India 2015 program. Overall average three-year growth rate of this year’s Tech Fast50 India winners aggregated to 356 percent (compared to383 percent in 2014). The Software sector (including Business Applications and IT) dominated the list with 34of the 50 companies coming from this sector...Read More

Genpact to hire over 10,000 people in 2016
Genpact is planning to hire about 10,000 professionals in 2016, out of which 3,000 will be based at its Hyderabad campus, reports a financial newspaper. "It (the hiring) will be in excess of 10,000 in India next year, of which 3,000 will be in Hyderabad alone. In the past few years, the hiring has been more or less in the same range," Genpact Vice-President & Head (Financial Services Analytics) Amit Bhaskar was quoted as saying on the sidelines of an event in Hyderabad...Read More

Digital India with Google: Translating the vision of connected India
With over 300 million Internet users in the country and another 200 million Indians set to join by 2017, the Internet is opening up huge opportunities for Indian businesses and entrepreneurs. India’s Small and Medium businesses (SMBs), especially technology startups are starting to bloom and investments have led to an explosion in India’s tech sector in recent years...Read More

Ramco systems selects Qlik Sense to fit into Company Strategy for ‘Uber Cool’
Qlik , a leader in visual analytics, and Ramco Systems, a global enterprise software company focusing on enterprise cloud platform, products and services, today announced their global OEM partnership. Through this partnership, Qlik Sense and its rich visual analytics capabilities will be embedded into the Ramco DecisionWorks Analytics platform across all three of its product suites – Enterprise Resource Planning, Human Capital Management, and Aviation Maintenance and Engineering...Read More

Digitally native startups well-positioned to address needs of Information Generation
The ‘Information Generation’, a new breed of connected consumers shaped by the availability of information and technology at their fingertips is placing new demands on how businesses operate, and digitally native startups are well-positioned to address their needs. This was revealed in an independent survey commissioned by EMC India and conducted by Greyhound Research, which found that business agility is the key business attribute that is allowing startups to disrupt traditional industries...Read More

Consumers in mature markets will use and own three to four devices by 2018: Gartner
During the next five years, consumers will add more devices to their personal portfolio rather than consolidating it, according to Gartner, Inc. By 2018, a consumer in a mature market will use and own more than three personal devices...Read More

MetaScale and NIIT come together to support India’s analytics needs
MetaScale, the Big Data solutions provider subsidiary of a U.S. Fortune 500 company, announced the immediate availability of Hadoop Training course in India through partnership with NIIT, a global leader in skills and talent development...Read More

GPX India makes Amazon Web Service Direct Connect available in India
GPX India Pvt Ltd, one of India’s industry-leading providers of premium carrier-neutral data centres, today announced that Amazon Web Services (AWS) Direct Connect is now available at GPX’s Tier IV Data Centre located in Andheri, Mumbai. Customers located in GPX’s Mumbai Data Centre can now establish dedicated connections to AWS for reduced costs, increased throughput, and consistent application performance...Read More

Satish Jamdar to step down from Blue Star board
Blue Star Ltd has anounced that Satish Jamdar, Managing Director has expressed his desire to step down from the Board of Directors of the Company. The Board members have accepted his resignation effective March 31, 2016. Jamdar was appointed Managing Director in 2009, at a time when the business slowdown had adversely affected the Company's performance...Read More

Online learning startup Vlurn raises seed funding from Accord Group
Vlurn.com, a platform for online courses has raised an undisclosed amount of seed funding from Vidyadhar Sarfare, MD & CEO of Accord Group. In a statement issued by Vlurn, which currently provides around 50 different online courses in six verticals, the funds raised will be used to hire talent to boost technical team and for development of its mobile app , creating studio infrastructure and marketing and promotion of the courses...Read More

India is approaching personal assistant app ‘Helpchat’ to plan their wedding this season!
As India gets hang of personal concierge services apps, they are rightly utilising them this wedding season. Helpchat, the chat-based personal assistant app that helps you get more things done is receiving an overwhelming response this ‘Wedding Season’. Over 10,000 queries daily are being received regarding wedding planning and related areas...Read More

Tech Start-up launches an app that helps users report dropped calls in 5 seconds
RedMango Analytics, a local tech startup that measures customer experience on mobile devices has launched an innovative application that will make reporting dropped calls to your operator a breeze. As it is done currently, reporting a problem like a dropped call or a data connectivity issue involves the time consuming method of calling the customer care centre of the operator and describing the problem...Read More

NIIT partners with HP for PG program in Software Testing
NIIT has entered into a strategic partnership with HP to offer Post Graduate Certificate Program in Software Testing. The program will enable learners to apply key testing skills and practices using HP Tools. According to NASSCOM, the software testing outsourcing market is expected to grow from $30 Billion in 2010 to $50 Billion in 2020 worldwide and India is expected to be the biggest beneficiary...Read More

Babajob joins Facebook’s SME India Council to develop impactful business solutions
In a significant development today, babajob.com, India’s largest online job marketplace for the informal sector was identified as a member of the SME India Council set up by Facebook in Asia-Pacific. Facebook, which has over two million Indian small and medium businesses (SMBs) on its platform, has set up a SME Council to help small ventures from various industries share feedback and discuss ideas around leveraging technology to grow their enterprise...Read More

International News

Smart cities to use 1.6 million connected things in 2016: Gartner
Smart cities will use 1.6 billion connected things in 2016, an 39 % increase from 2015, estimated market research and advisory firm, Gartner Inc. "Smart commercial buildings will be the highest user of Internet of Things (IoT) until 2017, after which smart homes will take the lead with just over 1 billion connected things in 2018," said Bettina Tratz-Ryan, research vice president at Gartner...Read More

Red Hat launches Virtual Training Program for Asia Pacific
Red Hat, the world’s leading provider of open source solutions, announced the launch of its Virtual Training Program for Asia Pacific to help bring online training and real-time courses on Red Hat technologies to customers, partners, and IT professionals...Read More

Global adoption levels for the Internet of Things amongst manufacturers: Infor Survey
The transition to IoT is well underway for global manufacturers according to the findings of a new survey, launched today by Infor, a leading provider of beautiful business applications specialized by industry and built for the cloud. In fact, 10 percent of manufacturers claim they already have an established IoT project underway, with 22 percent either running a pilot or planning a project within the next 12 months...Read More
 

Advertisements

  • Get your free IIFL Demat & Trading A/c now...Click here
  • Get IIFL express personal loan disbursal in just 8* hours...Know More
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.