Rolta bags $13 mn deal for engineering systems

IT firm Rolta today said it has received an additional USD 13 million (about Rs 86.26 crore) contract for engineering information asset solution from one of the world's largest petrochemical complexes.
During the new phase of work, Rolta will load the system with engineering data, documents and drawings which provide the critical technical engineering information required to operate the plant, it said in a statement.
The project is being managed by a global Rolta team working out of the US, India and the Middle East, it added.
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* India Infoline Finance, Snapdeal to offer loans to sellers
Non-banking finance company, India Infoline Finance today said it has partnered with Snapdeal to offer working capital loan assistance to registered sellers with the online shopping giant.

"Infoline Finance and Snapdeal aim to reach 500 merchants and disburse Rs 200 crore of loan through this platform by the end of FY2015-16," a statement said.

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Verizon, Cognizant partner for digital transformation
* Verizon and Cognizant today announced their partnership to accelerate the delivery of solutions to help clients advance their digital business models.
Cognizant and Verizon will provide enterprise clients with a set of high performance, reliable solutions focused on digital transformation, integration and business process support, technical expertise, networking and other solutions, a statement said.
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* Mindtree & MetricStream to simplify regulatory compliance
IT firm Mindtree today said it has partnered MetricStream to help simplify regulatory compliance for financial firms.

Mindtree will leverage MetricStream's Zaplet, a cloud-based open platform to build, deploy and manage a variety of GRC applications for financial firms globally, a statement said.
Together, the companies will co-develop a comprehensive trade-reporting framework to support multiple regulations such as the Dodd Frank Act, the European Market Infrastructure Regulation Markets in Financial Instruments Directive, and the upcoming Markets in Financial Investments Regulation.
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M&M unveils SUV TUV300 in Jaipur
*Mahindra & Mahindra Ltd today unveiled its new SUV TUV300 in Jaipur.
Price of the vehicle, designed in-house and built on an all-new platform, starts at Rs 7.14 lakh (ex showroom Jaipur) for the T4 variant, Veejay Nakra, senior vice president-sales said.

He said that the new SUV gives a tough and bold impression and ensures economical fuel consumption.