Lava ramps up efforts to take on rivals in India, enters Egypt

New Delhi, Sep 1 : In an emerging smartphone market like India, you can’t control the competition be it from China or elsewhere, but you can build devices that are affordable and par excellence which will speak for themselves, a top executive from domestic smartphone maker Lava has said. Announcing its entry into Egypt where […]

Infosys Finacle, Huawei create new financial cloud solution

Bengaluru, Sep 1 : With an aim to enable banks globally to accelerate digital transformation while keeping technology costs under control, Infosys Finacle and Huawei on Thursday announced they are making Finacle Universal Banking Solution Suite available on Huawei’s FusionCloud-based platform. With this, financial services clients can get substantial reductions in infrastructure and application management […]

16 states ratify GST, Bill ready for presidential nod

New Delhi: With Odisha on Thursday becoming the 16th state to ratify the Goods and Services Tax (GST) Bill, the constitution amendment is now ready to be sent for the President’s assent before being notified as law. Thus, the pan-India overhaul of India’s indirect tax regime has got the mandatory support of more than half […]

India’s August manufacturing index hits 13-month high: PMI

Mumbai, Sep 1 : Manufacturing saw an uptrend in August, registering a 13-month high on the back of better demand in domestic and external markets, key macro-economic data showed on Thursday. The Nikkei Markit India Manufacturing Purchasing Managers’ Index (PMI) — a composite indicator of manufacturing performance — rose to 52.6 in August from 51.8 […]

HCL partners with Mesosphere for Cloud data management

Noida, Sep 1 : Global IT service major HCL Technologies on Thursday announced a partnership with data centre infrastructure company Mesosphere to deliver a unified operational experience and achieve efficient resource utilisation for its customers. “Through this, HCL and Mesosphere are uniquely positioned to play a leadership role in the global Cloud infrastructure management market,” […]

Efficiency, tariff key to UDAY plan success for discoms: Fitch

New Delhi, Sep 1 : American agency Fitch Ratings said on Thursday that the success of India’s UDAY debt restructuring scheme for power distribution companies will depend on efficiency gains registered by the discoms and frequent tariff revisions. In a report published from Singapore, the agency said the Indian central government’s Ujjwal Discom Assurance Yojana […]