Announcements

Nokia, Infosys To Jointly Develop Digital Transformation Solutions

Nokia, Infosys To Jointly Develop Digital Transformation Solutions

November 9, 2018 at 10:01 am 0 comments

Nokia and Infosys have announced a joint effort to help industries and enterprises in their digital transformation journey. Both the firms will develop products and solutions using their own expertise to address the digital needs of the enterprises, Nokia said in a joint statement. The industries that the two technologyRead More

Airtel Africa Inches Closer To IPO, Appoints Board Of Directors

Airtel Africa Inches Closer To IPO, Appoints Board Of Directors

November 3, 2018 at 7:56 am 0 comments

Bharti Airtel’s subsidiary Airtel Africa that operates in 14 countries in the African continent on Friday announced a set of new Board of Directors as a prerequisite for its intended IPO. The Board of Directors includes representatives from Airtel and the investors. The Board of Directors includes – Sunil BhartiRead More

IPO In Mind, Airtel Africa Raises $1.25 Bn From 6 Global Investors

IPO In Mind, Airtel Africa Raises $1.25 Bn From 6 Global Investors

October 24, 2018 at 8:42 am 0 comments

Bharti Airtel’s Africa business or Airtel Africa is planning to raise $1.25 billion from six global investors including SoftBank, Singtel, Temasek and Warburg Pincus to reduce debt and prepare the company for its planned IPO. “The proceeds will be used to reduce Airtel Africa’s existing debt of approx. USD 5Read More

Qualcomm Launches Snapdragon 675 Mobile Platform

Qualcomm Launches Snapdragon 675 Mobile Platform

October 23, 2018 at 8:47 am 0 comments

Qualcomm has launched a new mobile platform – Snapdragon 675. The Snapdragon 675 mobile platform offers outstanding gaming, a leap in artificial intelligence (AI) capability and a newer camera functionalities, claims the San Diego headquartered technology firm. “The Snapdragon 675 plays a primary role in allowing OEMs to design nextRead More

RCom Sells Media Nodes Worth Rs 2000 Cr To Jio

RCom Sells Media Nodes Worth Rs 2000 Cr To Jio

August 25, 2018 at 11:15 am 0 comments

Reliance Communications or RCom on Friday said it has completed sale of media convergence nodes or MCNs worth Rs 2000 crore to Reliance Jio as part its asset sale plan to the big brother’s telecom firm. “With the successful completion of the MCN monetization transaction, 248 MCNs covering ~5 MillionRead More

Syska Enters Wires And Cables Business, Eyes Rs 500 Cr Revenue

Syska Enters Wires And Cables Business, Eyes Rs 500 Cr Revenue

July 11, 2018 at 1:35 pm 0 comments

Syska Group, known mostly for its LED lighting, hass entered into wires and cables business unit. It already has other business interests including mobile accessories and personal care products. The company has invested Rs 75 crore to start a new manufacturing plant in Rewari (Haryana). The area of plant is approximatelyRead More

RIL AGM : What Mukesh Ambani Said About Reliance Jio

RIL AGM : What Mukesh Ambani Said About Reliance Jio

July 5, 2018 at 1:39 pm 0 comments

Reliance Industries conducted its 41st AGM (annual general meeting) today at the Birla Matushri Hall in Mumbai. The company’s Chairman Mukesh D Ambani presented the RIL AGM and shared with the stakeholders about all aspects of the company including the company’s performance in its various business interests. Here, we broughtRead More

HCL Bags 5 Year IT Solutions Deal From Nokia

HCL Bags 5 Year IT Solutions Deal From Nokia

June 21, 2018 at 6:11 pm 0 comments

Indian IT major HCL Technologies today announced that it has been selected by Nokia, a Finnish networking and telecommunications equipment company as part of an important effort of streamlining Nokia’s outsourced IT management services. Nokia will partner with HCL for transforming and modernizing its IT infrastructure & applications landscape. TheRead More

L&T Technology Services Bags Digitalization Contract From ExxonMobil

L&T Technology Services Bags Digitalization Contract From ExxonMobil

April 9, 2018 at 11:53 am 0 comments

L&T Technology Services, the IT and technology arm of L&T or Larsen and Toubro, Monday said it has bagged a multi-million dollar contract from ExxonMobil. The pure-play engineering R&D services company has signed an agreement with ExxonMobil Exploration Company, valued at more than $20 million in the first year. “CombiningRead More

Idea Raises Rs 3250 Crore Through Preferential Shares

Idea Raises Rs 3250 Crore Through Preferential Shares

February 12, 2018 at 5:31 pm 0 comments

Idea Cellular on Monday said it has raised Rs 3250 crore by allotting preferential shares to its promoters the Aditya Birla Group. The raised capital will be used to repay debt. In early January this year Idea had announced that the company is planning to raise a total of RsRead More