SBI Card has partnered with credit card payment platform CRED to enable cardholders to tokenize and pay with their cards on devices. In an exchange filing, the credit card service provider stated that the service is only available on Android NFC devices. The service is currently only available in India. “Only Cards issued in Indian
Sterlite Technologies (“STL”) has signed a business transfer agreement to transfer its digital business undertaking as a going concern to wholly owned subsidiary STL Digital on a slump sale basis. STL Digital is in the business of IT/ITES, professional and consultancy services, including cloud services, and other IT/ITES-related services. The digital business venture is currently
SBI General Insurance has awarded 3i Infotech the Oracle Data Warehouse and Business Intelligence (DWBI) Managed Services contract. The contract is worth approximately Rs 16.5 crore and is for three years. 3i Infotech will provide 24/7 application and production support, data migration and integration, ETL operations (currently more than 25+ peripheral systems), DWBI Service Management
Bhilai Steel Plant (BSP), a subsidiary of Steel Authority of India (SAIL) based in Chhattisgarh, has received new orders from the UAE to supply large volumes of special quality plates. According to a BSP spokesperson, the plant has received an export order for 10,000 tonnes of plates that meet European and American specifications. He added
Infosys has announced a strategic partnership with ng-voice GmbH, the market leader in cloud-native Infrastructure Management Services (IMS) solutions. Infosys will provide ng-voice systems integration services via a global delivery model, enabling telecom operators to deploy fully containerized and cloud-native network solutions across Europe. Infosys was chosen for its deep domain expertise, breadth of service
Dr Reddy’s Laboratories (DRL) has signed a definitive agreement to acquire the US generic prescription product portfolio of Australia-based Mayne Pharma Group for $90 million (Rs 738 crore) in cash up front and up to $15 million in contingent payments (Rs 123 crore). The acquisition will provide limited competition products to DRL’s US retail prescription
Inox Green Energy Services has acquired a majority stake (51% equity shares) in I-Fox Windtechnik India’s share capital. As a result, I-Fox Windtechnik India became a subsidiary of the Company on February 24, 2023. As part of the company’s strategic decision to grow its fleet, the goal of such acquisition is to promote the company’s
The new software development centre (SDC) in Visakhapatnam will provide “Software as a Service” (SaaS) for a variety of applications in both the defence and non-defense domains. The SDC will be an extension of Bharat Electronics Ltd.’s (BEL) Bengaluru Complex Software Strategic Business Unit (SBU). Over many decades, BEL’s software division has successfully implemented many
Kfin Technologies Ltd. announced on Friday that it intends to invest up to Rs 22.6 crore to acquire a majority stake in Fintech Products and Solutions India Pvt., which operates India’s first account aggregator Onemoney. According to a regulatory filing, Kfin has already purchased a 25% stake in Fintech Products for Rs 6.5 crore and
Larsen & Toubro erected their first 9.5m wide pier cap on Wednesday morning for Package C5-ECV-02 of Chennai Metro Phase 2’s 47 km Line-5, which will connect Madhavaram to Sholinganallur via 48 stations. Package C5-ECV-02, measuring 12.431 kilometres in length, will connect CMBT and Puzhuthivakkam via 12 elevated stations. This feat was accomplished at pier
