Page 6 - Software Services

Telecom links failure led to outage; measures being taken to correct: NSE

The National Stock Exchange (NSE) on Monday said failure of telecom links as well as that of software area network system led to the outage at the bourse last month.

Icertis valuation trebles to $2.8 billion after a fundraise of $80-million

Icertis has now raised over $280 million, and the current financing nearly triples the valuation of its Series E round in July 2019

Software royalty likely to cost Centre Rs 5,000 crore every year

According to sources, the department is examining the court's ruling and seeking legal opinion on it.

Quess Corp announces separation of Chairman, MD roles; appoints new CFO

Business services and global staffing provider Quess Corp on Monday announced the separation of roles of its Chairman and Managing Director.

Online assessment firm Mercer Mettl sees 2021 as year of strong growth

Online assessment firm Mercer Mettl on Tuesday said it expects 2021 to be a year of strong growth for the company with most of the economic activities coming out of pandemic. The company's support to corporate for online assessments for hiring and other activities was impacted during the pandemic but growth in the education vertical covered up the adverse impact on overall business, Mercer Mettle CEO Siddhartha Gupta said. "All companies were not hiring. They were also not keen on spending their dollar on L&D (learning and development). It slowed for three months. "The education business grew, which made up for whatever business came down for us. COVID-19 has not impacted us negatively in 2020," Gupta said while announcing a web-based examination platform of the company. He said the education was a smaller business for the company before 2020. "We have actually grown that business 484 per cent year-on-year," Gupta said. The company provides online assessment solutions to ...

India's tech industry hails Joe Biden's stand on immigration, H-1B rules

Trump admin had placed several curbs and made unfavourable changes to the H-1B visa rules. Biden has either withdrawn or frozen some of these provisions

Apax Partners buys 3i Infotech's software product business for Rs 1,000 cr

The deal values the software business higher than the market capitalisation of the entire company (3i Infotech) which stands at around Rs 908 crore

Cisco to acquire UK-based software firm IMImobile for $730 million

IMImobile provides software and services which allow enterprises and organizations to stay constantly connected to their customers through enhanced interactive channels.

Faqir Chand Kohli: All you should know about the 'Father of Indian IT '

Kohli was the founding chief executive of sector leader TCS and pioneered the country's 'Technology Revolution' which helped India build its USD 100 billion IT industry

F C Kohli, the man who made Indian IT go places, passes away at 96

Kohli believed that though the software industry will continue to do well, it is the local language computing that needs attention

L&T Technology may trail peers in near term despite improved FY21 guidance

While deal pipeline remains strong, Q3 growth, valuations could impact stock

One-third of IBM staff in India may be moved to new infra services biz: CEO

On Thursday, the 109-year-old IBM announced spinning off its managed infrastructure services unit into a new public company that has been temporarily named NewCo

NEC agrees to $2.2 billion takeover of bank software firm Avaloq

NEC was the winner of a competitive auction and completion of the deal is expected in early 2021, subject to regulatory approval.

Two techies who use queue management systems to prevent crowding at stores

Dingg, which is awarded a grant under the government's CAWACH initiative, is growing massively as store-owners take measures to prevent over-crowding

UP govt targets 10-fold jump in electronics, software exports to Rs 1 trn

State now logs sectoral exports worth Rs 10,000 crore

Salesforce to set up 'local instance' in India for hosting data by year-end

Cloud-based software provider Salesforce on Thursday said it will set up a "local instance" in India this year as part of its efforts to provide solutions for hosting data in the country

China will encourage IC, software firms to list at home and abroad

It also said the country will offer tax exemptions and reductions for some integrated circuits and software companies

Despite poor show in Q4, India Inc's combined dividend payout rises 6.5%

Experts attribute the higher payout to the change in dividend law and cut in corporate income tax.

Yatra terminates Rs 2,300-cr merger pact with US software firm Ebix

Demands substantial damages due to alleged breach of agreement

Oracle India's FY19 revenue exceeds Rs 10,000 cr, net up 8% at Rs 540 cr

Oracle, which provides a range of technology-led services to various enterprises and government bodies, competes with the likes of IBM, Microsoft and Google in India.