User: ind32 Topic: Indian startups
Category: Indian startups
Last updated: Dec 10 2018 15:20 IST RSS 2.0
 
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Nifty closes above 5000 on better-than-expected Q2 ... 30.8.2033 CNN-IBN Top Stories
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Government holds All Party Leaders Meet ahead of Winter Session of Parliament, beginning tomorrow 10.12.2018 Govt of india: PIB
Addressing floor leaders of parties in the Rajya Sabha and Lok Sabha here today, ahead of the Winter Session 2018 of Parliament beginning tomorrow, Prime Minister of India, Shri Narendra Modi said that Government is always receptive to the issues raised by all Political Parties and is ready to discuss all issues of national importance on the floor of both Houses of Parliament.
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HCL opens up future course with IBM deal 10.12.2018 Financial Chronicle
Bangalore HCL believes that the product acquisition is the “next logical” step and will help enhance its customer base across the globe HCL’s $1.8 billion asset buy has the deal street excited. The IT industry is analysing the sector’s biggest transaction. The moot question is: how will HCL chart its future journey. Foreign analysts that Financial Chronicle spoke to see the deal to buy IBM assets as positive but throw in caution as well. HCL believes that the product acquisition is the “next logical” step and will help enhance its customer base across the globe. Intellectual property partnership has helped the company build good revenue streams through royalties from partners. Phil Fersht, CEO HfS Research, a Seattle-based analyst firm that tracks change agent technologies, said HCL has been the canniest of the Indian majors over the last couple of years with its products strategy. It has scaled up its products business impressively, with revenues topping $1b, of which 80 per cent is tied to IBM. “This ...
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HCL is taking a path that is distinct from its peers 10.12.2018 Financial Chronicle
Bangalore Interview: Hansa Iyengar, senior analyst-Advanced Digital Services, Ovum For Shiv Nadar-Promoted HCL Technologies it is a ready way to bulk up its software product portfolio since it has already been developing these products for IBM and can provide a fresh lease of life to these products and its customers. As far as Big Blue is concerned, it needs to shed some ‘weight’. IBM is bleeding more cash than it is making and unless it stems the outflow, it will be in trouble, says Hansa Iyengar (in pic), senior analyst-Advanced Digital Services at Ovum, a London-based IT analyst firm. What does this product deal mean for HCL? HCL’s plan is to revive these products which already have an established client base, offer upgrades, cloud enable the products where possible, build a large software business of its own and leverage these tools in their services business as well. This move will allow HCL to transition customers and partners onto its letterhead. The company is expecting incremental annual revenue ...
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Deal forces change in biz model 10.12.2018 Financial Chronicle
Guest Column: Peter Bendor-Samuel, CEO and Founder Everest Group This is the largest acquisition that HCL has made which would make it one of if not the largest acquisition any of the Indian IT firms has made. Buying a significant part of IBM’s software business positions HCL as a significant software house with a wide portfolio of offerings and a big customer base of over 10,000 firms. Though it is a business related to HCL’s product engineering portfolio, it is still a significantly different business model with different sales motions, investment cycles and customer relationship management. As such this is a huge bet by HCL on a new business line. It should not be seen as an extension of their product engineering business, which although related has a different business model and should be run independently from their new software business. The company’s product engineering business may well be a client of their software business and utilise the same capability but it is fundamentally a different kind ...
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Rs 6K cr infusion in 3 insurers sought 10.12.2018 Financial Chronicle
New Delhi The department of financial services has sought capital infusion of Rs 6,000 crore in the three to-be-listed non-life insurance firms to shore up their weak solvency ratio. The department has sought this in a letter to the budget division of the finance ministry, highly placed sources said. After banks, insurance companies too are seeking capital from the government to meet regulatory requirements. “We have written to the budget division recently for capital infusion of Rs 2,000 crore each in the three insurance entities that are to be merged. It will de-leverage their not-so-strong balance sheets and raise risk capacities. They need strong balance sheets prior or post merger, but before listing their books should be strong on the regulatory capital side,” said a source. Of the three, two are on the threshold of falling below the solvency ratio limit of 1.5. The insurance PSUs — New India, Oriental Insurance and United India — will be merged and listed as a mega entity. The listing process has ...
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Yogendra Yadav Interview: ‘A mahagathbandhan is not an answer to the BJP’ 9.12.2018 Scroll.in - News that matters
On the farm crisis, demonetisation and his party’s plans for its first general elections next year.
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What led to the Bajaj Discover's undoing 9.12.2018 Rediff: Top Stories (India)
Fuel efficiency was the platform that had been built by the market leader in the segment, fun was the Discover domain. By diluting the message, the brand lost its old customers and pushed potential buyers into the leader's fold.
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Technology and Financial Innovation to drive the Ganga Cleaning Mission 8.12.2018 Govt of india: PIB
A range of innovative technology and financial innovations will drive the Ganga cleaning program as was deliberated during the three-day India Water Impact Summit, that concluded on Friday in New Delhi.
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Uber India to double down on hiring engineers in 2019 8.12.2018 The Assam Tribune
Uber India to double down on hiring engineers in 2019
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Uber India to double techies in workforce in 2019 8.12.2018 Zee News : Business
Uber will double its workforce in the product and engineering departments at its Bengaluru and Hyderabad facilities next year.
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Ethanol blending to reach 8% this year: Petroleum Minister 8.12.2018 Sify Finance
Ethanol blending with petrol has reached 4 per cent and it will rise to 8 per cent in sugar year 2018-19 (starting October) that will help the country enhance its energy security, Petroleum Minister Dharmendra Pradhan said on Friday.
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Uber India to double down on hiring engineers in 2019 8.12.2018 Sify Finance
Online ride-hailing platform Uber on Saturday announced to double its workforce in the product and engineering departments -- from over 500 to more than 1,000 'technologists' -- at its Bengaluru and Hyderabad facilities next year.
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CBI all set to examine Michel 8.12.2018 The Assam Tribune
CBI all set to examine Michel
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Volkswagen India to hike vehicle prices by up to 3% from January 7.12.2018 Zee News : Business
Volkswagen said that the price hike is due to the rising input costs followed by a depreciating rupee.
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HCL Technologies buying IBM Software Products for $1.8 bn 7.12.2018 Sify Finance
Indian software major HCL Technologies on Friday said it was buying IBM Software Products for $1.8 billion (Rs 12,700 crore) in an all-cash deal.
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Regulation for facial recognition technology must start in 2019: Microsoft 7.12.2018 Sify Finance
Given the potential for abuse of the fast advancing facial recognition technology, governments across the world need to start adopting laws to regulate this technology in 2019, Microsoft President Brad Smith has said.
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HCL Tech to acquire select IBM software products for $1.8 billion 7.12.2018 Zee News : Business
The transaction, subject to "completion of applicable regulatory reviews", is slated to close by mid-2019, HCL Technologies said in a statement.
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LIVE! Polling began in Telangana, Rajasthan 7.12.2018 Rediff: Top Stories (India)
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ISI’s zeal of Jamaat-e-Islami controlled government in Bangladesh Election 6.12.2018 Times of Assam
Bangladesh is scheduled to hold the next general election on December 30. This election particularly is seen as a battle between the Awami League and Bangladesh Nationalist Party (BNP) and its political and ideological darling, Jamaat e Islami Bangladesh (JIB). Despite this fact, India, unfortunately, has been maintaining total silence while Pakistani spy agency Inter-Service ...
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