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Archives (page 2 of 261)

Sharechat’s parent Mohalla tech is new $1 bn-plus startup

India’s Mohalla Tech, known for its social media platform ShareChat and the short-video app Moj, has raised $502 mn from investors led by Lightspeed Ventures and Tiger Global at a valuation of over $2.1 bn. Combined users of the 2015 founded start-up are 280 mn. Snap and Twitter also participated in the latest round. Sharechat, Moj, and other similar platforms have benefitted from the Indian government’s decision to ban several Chinese apps.

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Infosys wins long term IT-BPM contract for ArcelorMittal’s Europe ops

ArcelorMittal has awarded a long term contract to Infosys for the digital transformation of its  European operations. The value of the contract was not disclosed. Infosys will offer app and business process management services to the world’s largest steelmaker. The Bengaluru based firm will also establish a BPM service in steel maker’s Business BCoE shared services centre. The contract will further strengthen Infosys’ presence in Europe.

Vodafone Idea’s enterprise arm unveils Integrated IoT solutions

Enterprise arm of Vodafone Idea, Vi Business, has launched ‘Integrated IoT Solutions’ for large businesses to become the only telecom firm in India to offer a secure end-to-end IoT solution having connectivity, hardware, network, application, analytics, security and support. Ravinder Takkar, MD & CEO, Vodafone Idea Limited, said: ” Vi is helping enterprises succeed in IoT, thereby paving the way for a digitally enhanced market in India.”

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Ambarish Singh joins Godrej & Boyce as CISO

Godrej & Boyce has appointed Ambarish Singh as a CISO. Singh, in his new role, Singh will head the cybersecurity and risk management of the manufacturing firm. He had served Flipkart for over five years as a Senior Manager-Information Security. In the past, he served the Indian Navy for over two decades and retired as an Associate Director. Singh holds a Master’s degree in Cyber Security & Cyber Law and an MBA in IT.

Microsoft puts servers in fluorocarbon-liquid bath to enhance performance

Microsoft has started to submerge servers in liquid to improve performance and save energy. The fluorocarbon-based liquid works by removing heat, and the fluid reaches a lower boiling point to condense and fall back into the bath as a raining liquid. The method is used for cryptocurrency mining. “It potentially will eliminate the need for water consumption in data centres,” said Christian Belady, VP of Microsoft’s data centre advanced development group.

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Tech M launches ServiceNow biz unit to accelerate digital transformation

Tech Mahindra has launched ServiceNow Business Unit for the digital transformation of clients. Together they will build joint customers through rapid prototyping and development of the next-gen low code, no code apps across 5G, IoT, AI/ML, customer experience across telecom, media, entertainment, energy and utility sectors.“This BU will unlock the promise of digital productivity and deliver customer success,” said Charu Kapur, Global Head – Enterprise of Future, Tech M.

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IT spending in India to reach $93 bn in 2021, says Gartner

India’s IT spending in 2021 will hit $93 bn, a 7.3 % rise from 2020, said Gartner. However, India’s growth will be lower than the global average as worldwide IT spending touch $4.1 tril, an 8.4% increase from 2020. “IT no longer just supports corporate operations as it traditionally has, but is fully participating in business value delivery,” said John-David Lovelock, Research VP at Gartner. The highest growth will come from devices (14%) and enterprise software (10.8%).

Jio, CDAC, CtrlS among firms to adopt 3rd Gen Intel Xeon Scalable processors

Reliance Jio, CDAC and data centre CtrlS have opted for deploying 3rd Gen Intel Xeon Scalable processors. Intel’s new processors leverage its 10 nm process tech with up to 40 cr per processor and can deliver up to 2.65 times higher avg performance gain compared with a 5-year-old system. Reliance Jio SVP Aayush Bhatnagar had said the company will like to leverage the new processors for 5G services and for driving blockchain-enabled use cases.

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Accenture acquires cloud analytics firm Core Compete

Accenture has acquired Core Compete, a North Carolina- based cloud analytics services firm, for an undisclosed amount. This is Accenture’s eighth applied intelligence-focused acquisition in the past two years. Core Compete’s 260 professionals, post-acquisition, will join Accenture’s Applied Intelligence practice. It has offices in the UK and India and helps enterprises in digital transformations, cloud-native solutions that deliver AI and ML-infused business outcomes.