Samsung unit launched at Sriperumbudur
Digital technology leader, Samsung India Electronics Pvt Ltd, dedicated its state-of-the-art manufacturing facility at Sriperumbudur, near Chennai, on November 13, 2007. The unit, Samsung’s second manufacturing facility in India, was inaugurated on site by Tamil Nadu Chief Minister M Karunanidhi in the presence of Union Minister for Communications & IT, A Raja, vice-chairman and CEO, [...]
Cognizant completes acquisition of MarketRx
Cognizant Technology Solutions has completed the acquisition of New Jersey based MarketRx, provider of analytics and related software services to global life sciences companies.
The company had said last month that it had signed a definitive agreement with MarketRx to acquire it for $ 135 million in cash, to be funded through its cash reserves.
The acquisition [...]
India achieves self-reliance in GSLV technology
India’s efforts to acquire self-sufficiency in Geosynchronous Satellite Launch Vehicle technology has received a major boost with the “successful” testing of an indigenously developed cryogenic engine.
The test of the indigenously developed cryogenic engine carried out at the Liquid Propulsion Systems Centre (LPSC) at Mahendragiri in Tamil Nadu yesterday was successful, Indian Space Research Organisation Chairman [...]
Calsoft to acquire US consulting firm
To strengthen its enterprise offerings in the analytics and business rules management space, Chennai-based California Software (Calsoft) will acquire a 100% equity stake in technology consulting firm International Innovations Inc. The target company’s valuation will be capped at a maximum of $1.32 million (approximately Rs 5.3 crore).
The letter of intent (LoI) to purchase the Mountain [...]
HCL Tech to partner CA on threat management security
HCL Technologies Ltd plan a strategic partnership in which HCL will assume all research and product development connected with CA threat management security business. CA will retain all sales and marketing functions.
The partnership is expected to become operational by year-end, following the signing of a definitive agreement.
HCL and CA will achieve goal alignment and financial [...]
Aurionpro Solutions acquires Integro Technologies of Singapore
Aurionpro Solutions Ltd has informed the BSE that it has entered into an all-cash deal to acquire 100 per cent control in Integro Technologies Pte Ltd, a leading banking products company headquartered in Singapore.
Integro’s product portfolio include products in the areas of loan origination, collateral management for Basel II compliance and Internet banking.
Headquartered in Singapore, [...]
Satyam to invest Rs 800cr in Tamil Nadu
Satyam Computer Services is extending its presence in Tamil Nadu by committing an investment of Rs 800 crore to expand operations in Chennai and open a software development centre in Madurai.
The Madurai centre, located on 50 acre of land on Theni Road, will start operations with about 3,500 people on its rolls. The land has [...]
TCS and Infosys the world biggest technology providers
Four Indian companies, including two of the country’s biggest IT firms, TCS and Infosys, have been named among the world’s 100 biggest technology providers to the global financial services industry. Tata Consultancy Services has also emerged as the first Indian firm to be named among the top 10 in the annual FinTech 100 list of [...]
TCS solution for British Airways
Launches Travel and Hospitality Innovation Lab 2.0
Tata Consultancy Services (TCS) is building a new software management solution for British Airways to monitor cabin crew. This solution can be made commercially available for other airlines, according to Paul Coby, Chief Information Officer, British Airways.
Addressing a press conference here on Monday at the launch of the TCS [...]
eBay, PayPal open development facility in Chennai
eBay Inc. and PayPal, an online payment company, have jointly launched a new global development centre in Chennai. The facility currently houses a development staff of approximately 1,000 people and the companies plan to hire hundreds of additional technical positions over the next two years.
“We’re thrilled that one of the world’s most innovative and successful [...]
