IT Newsletter - April 11 to 15, 2016

The week saw Wipro announcing plans to consider buyback of equity shares. During the week, analysts and market experts have shared their views on upcoming IT sector quarterly and annual results. IIFL presents a weekly snapshot of all the major happenings in the IT sector, nationally and internationally.

April 13, 2016 5:48 IST | India Infoline News Service
Top News
Infosys Q4 FY16 earnings: Six things to watch out for
Infosys registered stellar growth and beat street estimates during the past three quarters. The last quarter of the financial year offers an opportunity to end the year on a strong note. Given below are six things to look out for when the IT bellwether announces its Q4 and annual results on April 15...Read More

Wipro’s Board to consider share buyback on April 20
Wipro Ltd, one of India’s leading IT companies, will consider share buyback at its upcoming meeting of Board of Directors, to be held on April 20. The Azim Premji-led IT major had earlier informed the Bombay Stock Exchange on March 29 this year the a proposal for buying back equity shares is on the cards...Read More

News In Focus
Information Technology: Soft quarter, Infosys, TCS could positively surprise
The fourth quarter of a fiscal year has typically been a soft period for India IT companies. Finalization of the annual budget and lesser new project initiatives at most clients limit the overall spend in the quarter. However, as it has been over the past several quarters now, the growth experience of companies could be disparate driven by client/sector specific issues, ability to capitalize on increasing digital spends, success in client mining/acquisition and execution progress on large deals in hand...Read More

The IT services industry has been posting double-digit growth: BVR Mohan Reddy
BVR Mohan Reddy, the chairman of NASSCOM, talked about the outlook for the IT services industry in India during an interview. The chairman noted that the industry has been relatively stable and strong over the past one year and the IT services industry has been registering double digit growth...Read More

Domestic News
Geometric releases version 4.1 of DFMPro for NX
Geometric Ltd announced release of version 4.1 of its automated design for manufacturability solution, DFMPro for NX software. The latest version delivers many new customer-driven enhancements for users of NX, a leading integrated 3D computer-aided design, manufacturing and engineering analysis (CAD/CAM/CAE) software, developed by Siemens’ PLM software business...Read More

L&T Infotech re-files DRHP with Sebi for Rs. 2,000 cr IPO
Engineering conglomerate Larsen & Toubro Ltd’s, information technology services arm, has today re-filed the DRHP with the market regular Sebi after the company yesterday withdrew the same due to change in the offer structure and other considerations. The IPO comprises of an offer for sale (OFS) of up to 17.5 million equity shares by L&T...Read More

Mphasis open offer price set at Rs.457.54 per share
Mphasis open offer price to the public shareholders has been set at Rs.457.54 per share. In a filing to the BSE, the company said, "JM Financial Institutional Securities Limited has submitted to BSE a copy of detailed public statement, in respect of the Open Offer to the Public Shareholders of Mphasis Ltd, in compliance with Regulations 3(1) and 4 read with Regulations 13(4) and 15(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (“SEBI (SAST) Regulations”), pursuant to the public announcement in relation to this Offer dated 4 April 2016 (“PA”)." Read More

Ramco Systems wins Logistics ERP software order from SK Logistics
Ramco Systems has won a Logistics ERP software order from SK Logistics, part of Australian logistics and transport provider, GTI Logistics Limited. Ramco Logistics Software will automate the manual processes pertaining to GMK's key supply chain operations by providing modules for better management of warehousing and transportation, freight and fleet, purchase and inventory, integrated with finance and HR all under a unified structure...Read More

India`s spend on security could reach $1 bn by 2019: ASSOCHAM-Mahindra SSG study
India’s expenditure only on security could reach $1 billion (bn) by 2019 assuming if Centre spends even 10 per cent of its budget of $1 bn allocated for AMRUT (Atal Mission for Rejuvenation and Urban Transformation) and Smart Cities Mission, according to a recent ASSOCHAM-Mahindra SSG joint study...Read More

IBM and Reliance Communications team up to drive cloud adoption in India
IBM is working with Reliance Communications to provide its customers with a complete portfolio of highly secure and scalable Infrastructure as a Service (IaaS) offerings running on the IBM Cloud...Read More

Lenovo launches pocket friendly Lenovo Ideapad 100s
Lenovo, the world’s largest PC maker and a rising player in tablets and smart phones announced the launch of its thin and light laptop, Ideapad 100s. The slim, light and portable Ideapad 100s has a long battery life and its light weight design caters to users who are on the go and need to stay connected all day long. Engineered for value, the IdeaPad 100s delivers great performance at an affordable price...Read More

Ravi Shankar Prasad meets Avaya CEO to discuss company's vision for Digital India
India’s Communications & IT Minister, Ravi Shankar Prasad, met with Avaya’s CEO, Kevin Kennedy on Friday, 8th April, during which the minister tasked Avaya to immediately take an active role in the Digital India vision...Read More

NASSCOM-DSCI to embark on Indian Cyber Security Delegation to Netherlands and UK
The first ever NASSCOM-DSCI Cyber Security delegation is set to visit the Hague Security Delta and Malvern Cyber Security Cluster, in Netherlands and UK respectively between 11- 15 April 2016. The delegation will be led by Dr. Gulshan Rai, National Cyber Security Coordinator, Government of India, will comprise of 39 representatives from the Central and State Government, Industry (Security Startups, SMBs & Large IT Services and Consulting), User organizations and Academia...Read More

Infogain is Premier Partner & Silver Sponsor for Oracle Industry Connect 2016
Infogain, a leading business and IT consulting leader is a Silver Sponsor for the Annual Oracle Industry Connect, to be held at the Walt Disney World Swan and Dolphin Resort, Orlando Florida from April 11-13, 2016. The conference provides an opportunity to connect with your industry peers and share deep-domain expertise, insights, and best practices...Read More

HPE helps new and growing businesses overcome storage challenges
Hewlett Packard Enterprise (HPE) announced enhancements to its entry storage portfolio to help customers with limited budgets harness content and accelerate applications. New HPE MSA Storage options enable the most affordable dual-controller hybrid flash array from a major vendor while the new HPE StoreEasy 1650 Expanded transforms the economics of storing large volumes of digital information...Read More

UPI will emerge as an important initiative to transform India: Raj Jain, RS Software
RS Software (India) Limited is selected as the technology provider to The National Payments Corporation of India (NPCI) for the United Payment Interface (UPI). Commenting on the occasion, Raj Jain, Chairman & Managing Director, RS Software (India) Ltd said, “The launch of the Unified payment interface (UPI) will go down in history as amongst the most important initiatives to transform India.” Read More

Quick Heal Forgery case: Manohar Malani, CEO and MD of NCS Computech Limited arrested
Quick Heal Technologies Ltd has announced about the Updates on Clarification letter from the Company dated February 18, 2016 in relation to certain articles in the press pertaining to a complaint made by Mr. Manohar Malani, Managing Director of NCS Computech Limited (the "Clarification Letter”) and Intimation letter dated February 24, 2016 pertaining to the FIR registered with the Shivaji Nagar Police Station, Pune against Mr. Manohar Malani and Others...Read More

Intex Technologies launches LED Monitor 1601
Intex Technologies, one of the leading consumer technology company, in its bid to expand its LED Monitor segment, launched the elegant LED Monitor 1601 model today. The sleek designed monitor with a glossy finish frame gives it a premium and elegant look. Packed with rich features, the LED Monitor 1601 model comes at a very appealing price of INR 4800...Read More

Wildcraft enters wearable space with a GPS Tracking device
Wildcraft, India’s leading outdoor gear, apparel & footwear company, has launched an intelligent GPS tracking device called “SPOT”. SPOT allows you to check the location of your loved ones via an app on your smartphone. A highly portable device, SPOT can be worn on the wrist as a band or hooked onto your backpack via a clip...Read More

AMD backs chip making unit in Gujarat
US-based semiconductor manufacturer AMD is considering partnering India's first upcoming chip manufacturing plant in Gujarat, says a business daily. AMD has partnered with Hindustan Semiconductor Manufacturing Corporation (HSMC) to help kick-start fabrication in India, reports the financial newspaper...Read More

Apollo LogiSolutions acquires mobile application platform Wifin Technologies
Apollo LogiSolutions (ALS), a subsidiary of Apollo International Limited, announced the acquisition of controlling stake in Wifin Technologies (India) Pvt. Ltd (Wifin) a Chennai-based boutique Mobile Products and Solutions company. The acquisition is a part of ALS’s articulated growth strategy to enhance IT capabilities and be able to provide next generation technology based logistics solutions to the clients...Read More

Huawei Cloud Congress India 2016: Transforming with Cloud, setting new benchmarks “Make IT Simple, Make Business agile”
The recently concluded “Huawei Cloud Congress 2016” orchestrated by one of the world’s leading ICT companies, Huawei was succesfully held in Mumbai this year. The Cloud Congress focused on “Transforming with Cloud” while being aptly themed “Make IT Simple, Make Business Agile”. The event saw a gathering of over 200+ attendees, including industry experts and opinion leaders from key Organizations like Reliance, TATA, Vodafone, Idea who gathered to discuss the latest trends in the Cloud technology...Read More

International News
Worldwide semiconductor foundry market grew 4.4 % in 2015: Gartner
Breaking a three-year double-digit-growth streak, the worldwide semiconductor foundry market grew 4.4 percent in 2015 to achieve $48.8 billion in revenue, according to final results by Gartner, Inc. "In 2015, semiconductor device market revenue declined due to excess IC inventory, poor demand for mobile products and PCs, and slowing tablet sales," said Samuel Wang, research vice president at Gartner...Read More

Worldwide PC shipments decline 9.6 % in first quarter of 2016: Gartner
Worldwide PC shipments totaled 64.8 million units in the first quarter of 2016, a 9.6 percent decline from the first quarter of 2015, according to preliminary results by Gartner, Inc. This was the sixth consecutive quarter of PC shipment declines, and the first time since 2007 that shipment volume fell below 65 million units...Read More

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