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IT, ITeS & Communications

34 major technology companies — including Facebook, Microsoft, HP, ARM, Cisco, and Oracle — have signed a new Cybersecurity Tech Accord. The pledge spans helping to protect against cyberattacks as well as to not helping governments — including the United States — “launch cyberattacks against innocent citizens and enterprises,” as first reported by The New […]

Tata Consultancy Services opened a North America insurance hub in Iowa after it took over 800 employees as part of its $2.5 billion deal with insurer Transamerica. Insurance hub is based in Cedar Rapids and TCShas automatically become one of the largest employers in the city. “As a top employer, we have been attracting the […]

ACT Fibernet has increased data (FUP) limits and speeds across its plans in Bengaluru. In a statement, ACT Fibernet said it had combined the upload and download FUP limits to one data limit. ACT Fibernet has upgraded the ACT Swift plan to 100 GB limit with 15 Mbps speed and ACT Rapid Plus to 200 […]

Technology giant Cognizant has partnered with a consortium of leading Indian life insurers to develop a blockchain solution to facilitate cross-company data-sharing. Solution will help insurers reduce the risk of data breaches, fraud and money-laundering, while delivering a superior experience to customers through improved process efficiency, better record-keeping, and accelerated turnaround time. Solution, developed late […]

Launches blueprint to tap opportunity. Cisco is eyeing an unfolding opportunity in the country’s digital learning market. $2-billion market is expected to grow at 11-12 per cent in the next three years as the education market touches the $140-billion mark by 2020 from the present level of $97 billion. Firm, which is working with over […]

In one of the biggest acquisitions, the country’s fourth-largest software exporter HCL Technologies and Sumeru Equity Partners (SEP), a private equity firm, have signed a definitive agreement to acquire US company Actian Corporation in an all-cash deal, valued at $330 million. This the sixth company HCL has acquired in the USA. HCL will own 80 […]

Genpact has forecast high-single to low double-digit growth in the medium term, an acceleration from its 2018 forecast, as moves to diversify its business have paid off and headwinds around protectionism abate. In 2014, GE accounted for 20% of Genpact’s revenue, that fell to 10% in 2017, the company told investors last month. The company, […]

Chennai-based financial technology start-up Kaleidofin, which provides tailored financial solutions to those in the informal sector, has raised about $2.8 million in a seed round led by Omidyar Network. Early-stage venture capital firm Blume Venture and individual investors, including Shlomo Ben-Haim, an Israeli serial entrepreneur and investor, also participated in this round. This is Ben-Haim’s […]

Ixigo, an online travel marketplace, has opened a product development centre in Bengaluru. The centre will focus on research and development of technology solutions to enhance the direct-selling capability of travel suppliers. Company is planning to hire designers, UI/UX engineers, back-end and research engineers.Ixigo did not specify the number of hires it has planned for […]

Software services firm HCL Technologies has acquired C3i Solutions for USD 60 million, a move aimed at accelerating the Indian IT firm’s growth in life sciences and consumer services. C3i Solutions is a wholly owned, independently operated subsidiary of Merck & Co, (known as MSD outside the US and Canada). It provides multi-channel customer engagement […]