Companies based in Bangalore

Mitsubishi Electric Receives Propulsion Equipment Order for Delhi Metro

Thursday, September 17, 2020 - 3:10am

Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has been awarded a contract from Indian train builder BEML Limited to supply propulsion equipment for 80 new cars of Delhi Metro.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has been awarded a contract from Indian train builder BEML Limited to supply propulsion equipment for 80 new cars of Delhi Metro.
  • With the order, Mitsubishi Electric has now sold propulsion equipment for more than 3,000 railcars in Indias metro markets.
  • Mitsubishi Electric began its history of supplying Indias metro markets when it delivered propulsion equipment for the Delhi Metro Phase I Project in 2001.
  • The energy-saving performance and high quality and reliability of Mitsubishi Electric equipment has led to continuous orders from major metro systems in India for the past 19 years.

STAR Announces New Member Wipro

Wednesday, September 16, 2020 - 1:31pm

BOULDER, Colo., Sept. 16, 2020 /PRNewswire/ --Today the STAR organization (Standards for Technology in Automotive Retail) announced that Wipro, a technology company, has joined STAR.

Key Points: 
  • BOULDER, Colo., Sept. 16, 2020 /PRNewswire/ --Today the STAR organization (Standards for Technology in Automotive Retail) announced that Wipro, a technology company, has joined STAR.
  • Wipro Limited, is a leading global information technology, consulting and business process services company.
  • Wipro delivers services across the value chain and recently launched their innovative Automotive Connected Services Studio in collaboration with AWS Launchpad.
  • Wipro is glad to partner with STAR to create and implement the retail standards which will enable the automotive ecosystem partners to sell and service innovative products."

Wipro Recognized as a Leader by Everest Group in Healthcare Payer Operations Services PEAK Matrix® Assessment 2020

Tuesday, September 15, 2020 - 3:22pm

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has been positioned as a Leader in Everest Groups PEAK Matrix for Healthcare Payer Operations Service Providers 2020.

Key Points: 
  • Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has been positioned as a Leader in Everest Groups PEAK Matrix for Healthcare Payer Operations Service Providers 2020.
  • The report evaluated the digital services capabilities of 29 global healthcare BPS providers and mapped them on the Everest Group PEAK Matrix based on several parameters including vision, capability, and market impact.
  • Wipro was positioned as a Leader owing to its portfolio mix and investment in digital platforms such as Member 360 and Wipro HOLMESTM Artificial Intelligence and Hyper Automation Platform.
  • Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company.

Asset Management Firm True Beacon's Flagship Fund Records 26.6% Outperformance of Indian NIFTY50, Despite Covid-induced Turbulence

Thursday, September 10, 2020 - 1:16pm

True Beacon One, which invests in Indian capital markets, recorded an outperformance of the NIFTY50 benchmark by 26.6%.

Key Points: 
  • True Beacon One, which invests in Indian capital markets, recorded an outperformance of the NIFTY50 benchmark by 26.6%.
  • True Beacon services ultra-high net worth and high net worth individuals and employs a revenue model with zero management and standing fees.
  • To attract foreign investment into the Indian capital markets, a Category-I Foreign Portfolio Investment company, True Beacon International, has been established.
  • Further strengthening the leadership of True Beacon as it expands across India and overseas, the company announced Richard Pattle, who is currently Senior Advisor to True Beacon and Zerodha, will assume the role of CEO True Beacon.

Asset Management Firm True Beacon's Flagship Fund Records 26.6% Outperformance of Indian NIFTY50, Despite Covid-induced Turbulence

Thursday, September 10, 2020 - 1:09pm

BENGALURU, India, Sept. 10, 2020 /PRNewswire/ -- Nikhil Kamath, Co-Founder and CIO of True Beacon and Zerodha, today announced full-year results for True Beacon's flagship fund.

Key Points: 
  • BENGALURU, India, Sept. 10, 2020 /PRNewswire/ -- Nikhil Kamath, Co-Founder and CIO of True Beacon and Zerodha, today announced full-year results for True Beacon's flagship fund.
  • True Beacon One, which invests in Indian capital markets, recorded an outperformance of the NIFTY50 benchmark by 26.6%.
  • True Beacon services ultra-high net worth and high net worth individuals and employs a revenue model with zero management and standing fees.
  • To attract foreign investment into the Indian capital markets, a Category-I Foreign Portfolio Investment company, True Beacon International, has been established.

Hasura Brings Instant GraphQL to MySQL and SQL Server for Rapid API Development to Unlock Siloed Data, Raises $25 Million in Series B

Tuesday, September 8, 2020 - 4:35pm

A great deal of valuable data lives inside existing MySQL and SQL Server databases, and developers want to access that data to build new applications.

Key Points: 
  • A great deal of valuable data lives inside existing MySQL and SQL Server databases, and developers want to access that data to build new applications.
  • With support forMySQL, SQL Server and PostgreSQL, using Hasura means developers arent forced to migrate data to make it accessible from their applications.
  • Hasura has made instant data access possible by auto-generating modern GraphQL APIs with in-built security, governance, and scalability.
  • Today Hasura also announced $25 million in series B funding, bringing the total raised to $36.5 million.

India Online Retail Market Assessment 2015-2025 with Analysis of Flipkart Internet, Myntra Designs, Amazon Retail, One97 Communication, Snapdeal and Others

Tuesday, September 8, 2020 - 2:45pm

The Indian Online Retail Market is projected to grow at a double-digit CAGR during the forecast period, due to increasing penetration of internet and smartphones in the country.

Key Points: 
  • The Indian Online Retail Market is projected to grow at a double-digit CAGR during the forecast period, due to increasing penetration of internet and smartphones in the country.
  • Majority of online shoppers are millennials and favorable policy reforms are attracting foreign companies to invest in the online retail market of India.
  • The Indian Online Retail Market can be segmented based on segment and region.
  • Major players operating in the Indian Online Retail Market include Flipkart Internet Private Limited, Myntra Designs Private Ltd., Amazon Retail India Private Limited, One97 Communication Limited, Snapdeal Private Limited, Jade eServices Private Limited (Jabong.com), Nykaa E-Retail Pvt Ltd, Brainbees Solutions Pvt Ltd (Firstcry.com), eBay India, Infibeam Avenues Ltd., etc.

Wipro Plans to Set up Digital Innovation Hub in Düsseldorf, Germany

Tuesday, September 8, 2020 - 1:27pm

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced plans to set up a Digital Innovation Hub in Dsseldorf, Germany.

Key Points: 
  • Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced plans to set up a Digital Innovation Hub in Dsseldorf, Germany.
  • The proposed Digital Innovation Hub will serve as Wipros flagship centre in Europe and will offer digital transformation expertise to companies in Germany, enable organisations to cross skill and upskill besides supporting talent development in local communities.
  • With the establishment of the Digital Innovation Hub in Dsseldorf, Wipro is now expanding its successful business here.
  • With the establishment of Wipro's Innovation Hub, Dsseldorf has finally become the leading location for Indian IT companies in Germany.

Marelli Awards Multi-Year Global Automotive Software Engineering Contract to Wipro

Tuesday, September 8, 2020 - 7:03am

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting, and business process services company and Marelli, today announced that they have entered into a multi-year global agreement for automotive engineering services.

Key Points: 
  • Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting, and business process services company and Marelli, today announced that they have entered into a multi-year global agreement for automotive engineering services.
  • As part of this agreement, Wipro will leverage its EngineeringNXT framework and strong automotive engineering expertise to establish a software engineering factory for Marelli.
  • Dr. Detlef Juerss, Executive Vice President - Chief Commercial, Engineering & Technology Officer, Marelli said, Given the rapid evolution of connectivity and mobility, Marelli is scaling its software engineering capabilities globally.
  • Vinay Firake, Senior Vice President, Manufacturing Business Unit, Wipro Limited said, Wipro is already an IT partner to Marelli, helping the company standardize, simplify and enhance their IT services at a global level.

Infosys to Acquire Product Design and Development firm, Kaleidoscope Innovation

Thursday, September 3, 2020 - 3:20pm

Kaleidoscope Innovation brings to Infosys a diverse talent pool with extensive knowledge of design and engineering.

Key Points: 
  • Kaleidoscope Innovation brings to Infosys a diverse talent pool with extensive knowledge of design and engineering.
  • The company leverages a deep understanding of clinical environments, strong product development capabilities across domains, and a consultancy-style approach addressing human factors, product design, UI/UX design, research & insight, development and visualization.
  • Our clients will benefit from the combination of Kaleidoscope's strong upstream offerings of product innovation and design, and Infosys' stack of product engineering, validation and commercialisation services at a global scale.
  • We are excited to welcome Kaleidoscope Innovation and its leadership team into the Infosys family, as part of Infosys Engineering Services portfolio."