NIFTY 50

LTI to Acquire Digital Engineering Firm Cuelogic

Retrieved on: 
Wednesday, June 16, 2021

MUMBAI, India, June 16, 2021 /PRNewswire/ --Larsen & Toubro Infotech Ltd. (BSE: 540005) (NSE: LTI), a global technology consulting and digital solutions company has signed a definitive agreement to acquire Cuelogic Technologies , a Digital Engineering and Outsourced Product Development company, headquartered in Pune, India.

Key Points: 
  • MUMBAI, India, June 16, 2021 /PRNewswire/ --Larsen & Toubro Infotech Ltd. (BSE: 540005) (NSE: LTI), a global technology consulting and digital solutions company has signed a definitive agreement to acquire Cuelogic Technologies , a Digital Engineering and Outsourced Product Development company, headquartered in Pune, India.
  • With over 100 products successfully developed, Cuelogic helps global enterprises build and grow modern digital businesses.
  • Digital engineering capabilities of Cuelogic Technologies combined with their tools and methodologies will help our clients innovate, launch products, accelerate time-to-market, and maintain products optimally.
  • Cuelogic will be integrated with the Digital practice of LTI.

Wipro joins World Economic Forum’s Partnership for New Work Standards initiative

Retrieved on: 
Wednesday, June 16, 2021

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has joined the World Economic Forums Partnership for New Work Standards initiative to establish a healthy, resilient and equitable future of work.

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 joined the World Economic Forums Partnership for New Work Standards initiative to establish a healthy, resilient and equitable future of work.
  • Wipro is committed to advancing work standards for improved job quality, employee safety, and overall employee well-being.
  • As we join the World Economic Forums Partnership for New Work Standards initiative, we hope to contribute to global discussions and behavioral change around work.
  • This step demonstrates our willingness to contribute to collective action that helps build a sustainable and resilient future of work.

LTI Expands Strategic Relationship with Amazon Web Services

Retrieved on: 
Tuesday, June 15, 2021

MUMBAI, India, June 15, 2021 /PRNewswire/ -- Larsen & Toubro Infotech (BSE: 540005) (NSE: LTI), a global technology consulting and digital solutions company has entered into a strategic collaboration agreement with Amazon Web Services (AWS).

Key Points: 
  • MUMBAI, India, June 15, 2021 /PRNewswire/ -- Larsen & Toubro Infotech (BSE: 540005) (NSE: LTI), a global technology consulting and digital solutions company has entered into a strategic collaboration agreement with Amazon Web Services (AWS).
  • In addition, LTI will build state-of-the-art accelerators and create industry-focused cloud offerings for the Banking and Financial Services, Manufacturing, Retail & CPG, Media & Entertainment, Hi-Tech, and Insurance sectors.
  • I congratulate LTI and AWS on their strategic collaboration and look forward to accelerating transformation at Carrier.
  • LTI (NSE: LTI) is a global technology consulting and digital solutions Company helping more than 400 clients succeed in a converging world.

Wipro Expands Partnership with Levi Strauss & Co. to Support Digital Commerce

Retrieved on: 
Tuesday, June 15, 2021

Kartik Kumar, Vice President, Global Brand and Commercial Technology, Levi Strauss & Co., said, Weve consistently found value working with Wipro and look forward to our expanded partnership.

Key Points: 
  • Kartik Kumar, Vice President, Global Brand and Commercial Technology, Levi Strauss & Co., said, Weve consistently found value working with Wipro and look forward to our expanded partnership.
  • Srini Pallia, CEO - Americas, Wipro Limited, said, Levi Strauss & Co. has a strong vision for the innovative ways technology can deliver business growth and strengthen a brand.
  • A new AI-driven retail tool from Wipro will help Levi Strauss & Co. identify, reconcile, and prevent inconsistencies across its B2B, B2C and retail-store landscape.
  • Wipro will support this UX innovation and other elements of the expanded partnership from its industry-leading centers in Europe, North America and India.

Wipro Named a Worldwide SAP Supply Chain Ecosystem Leader by IDC MarketScape

Retrieved on: 
Tuesday, June 15, 2021

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 named as a Leader in the IDC MarketScape: Worldwide Supply Chain SAP Ecosystems Services 2021 Vendor Assessment report.

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 named as a Leader in the IDC MarketScape: Worldwide Supply Chain SAP Ecosystems Services 2021 Vendor Assessment report.
  • The IDC MarketScape research evaluated 11 firms that support the assessment, selection, and implementation of SAPs supply chain management suite of products.
  • The report named Wipro as a Leader in both quantitative and qualitative characteristics and capabilities that affect a vendor's success in delivering supply chain management transformation for manufacturers and retailers.
  • A respected innovator in SAP supply chain management solutions, Wipro leverages SAPs supply chain suite of products and has further developed a range of preconfigured solutions for supply chain processes to improve efficiency and resiliency.

STAR Announces New Member Tech Mahindra

Retrieved on: 
Tuesday, June 15, 2021

MCLEAN, Va., June 15, 2021 /PRNewswire/ -- Today the STAR organization (Standards for Technology in Automotive Retail) announced that Tech Mahindra, a leading provider of consulting and business re-engineering services and solutions, has joined STAR.

Key Points: 
  • MCLEAN, Va., June 15, 2021 /PRNewswire/ -- Today the STAR organization (Standards for Technology in Automotive Retail) announced that Tech Mahindra, a leading provider of consulting and business re-engineering services and solutions, has joined STAR.
  • STAR Chairman Rafael Maldonado (Vice President and CIO of the National Automobile Dealers Association) commented, "We are extremely excited to have Tech Mahindra as a member of STAR and we look forward to Tech Mahindra's collaboration with STAR's members as we move forward with our objective of providing a broad framework and related standards for the secure interchange, integration, sharing, and retrieval of auto retail information.
  • Tech Mahindra offers innovative and customer-centric digital experiences, enabling enterprises, associates and the society to Rise.
  • Tech Mahindra is one of the fastest growing brands and amongst the top 15 IT service providers globally.

LTI Expands Strategic Relationship with Amazon Web Services

Retrieved on: 
Tuesday, June 15, 2021

MUMBAI, India, June 15, 2021 /PRNewswire/ -- Larsen & Toubro Infotech (BSE: 540005) (NSE: LTI), a global technology consulting and digital solutions company has entered into a strategic collaboration agreement with Amazon Web Services (AWS).

Key Points: 
  • MUMBAI, India, June 15, 2021 /PRNewswire/ -- Larsen & Toubro Infotech (BSE: 540005) (NSE: LTI), a global technology consulting and digital solutions company has entered into a strategic collaboration agreement with Amazon Web Services (AWS).
  • In addition, LTI will build state-of-the-art accelerators and create industry-focused cloud offerings for the Banking and Financial Services, Manufacturing, Retail & CPG, Media & Entertainment, Hi-Tech, and Insurance sectors.
  • I congratulate LTI and AWS on their strategic collaboration and look forward to accelerating transformation at Carrier.
  • LTI (NSE: LTI) is a global technology consulting and digital solutions Company helping more than 400 clients succeed in a converging world.

Wipro Enables Zero Cost Transformation with Oracle Cloud Infrastructure

Retrieved on: 
Monday, June 14, 2021

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced it is collaborating with Oracle to launch Wipro Zero Cost Transformation , a new offering that helps organizations migrate to the cloud.

Key Points: 
  • Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced it is collaborating with Oracle to launch Wipro Zero Cost Transformation , a new offering that helps organizations migrate to the cloud.
  • With Wipros Zero Cost Transformation, companies can migrate their workloads to Oracle Cloud Infrastructure (OCI) with lower cost, shift from a Capital expenditures (CapEx) to Operating expenses (OpEx) model, and benefit from application and infrastructure support provided under a managed-services framework.
  • Zero Cost Transformation eliminates the challenge of dealing with multiple service providers for cloud migration and support.
  • Doug Smith, Senior Vice President, Strategic Partnerships, Oracle said, Zero Cost Transformation, a unique offering from Wipro, enables organizations to leverage the power of the cloud to meet rapidly changing market and business needs.

Ascendis Pharma A/S Announces Extension of U.S. Food and Drug Administration Review Period for TransCon™ hGH (Lonapegsomatropin) for Pediatric Growth Hormone Deficiency

Retrieved on: 
Friday, June 11, 2021

Accordingly, the FDA has extended the Prescription Drug User Fee Act goal date by three months, to September 25, 2021.

Key Points: 
  • Accordingly, the FDA has extended the Prescription Drug User Fee Act goal date by three months, to September 25, 2021.
  • Ascendis Pharmais applying its innovative platform technology to build a leading, fully integrated biopharma company focused on making a meaningful difference in patients lives.
  • Ascendis Pharma currently has a pipeline of three independent endocrinology rare disease product candidates and one oncology product candidate in clinical development.
  • Ascendis,Ascendis Pharma, theAscendis Pharmalogo, the company logo and TransCon are trademarks owned by theAscendis Pharma Group.

Mahindra Appoints Pratap Bose to lead its new Global Design Organization

Retrieved on: 
Friday, June 11, 2021

MUMBAI, India and LONDON, June 11, 2021 /PRNewswire/ --The Mahindra Group (BSE: 500520), (NSE: M&M), today announced the appointment of Pratap Bose as the Executive Vice President and Chief Design Officer to lead its newly formed Global Design organization.

Key Points: 
  • MUMBAI, India and LONDON, June 11, 2021 /PRNewswire/ --The Mahindra Group (BSE: 500520), (NSE: M&M), today announced the appointment of Pratap Bose as the Executive Vice President and Chief Design Officer to lead its newly formed Global Design organization.
  • The new Global Design organization renews Mahindra' commitment to re-shaping the future of mobility by designing and developing dynamically engineered next-generation authentic products with global appeal.
  • The Global Design organization will comprise of the recently announced Mahindra Advanced Design Europe (M.A.D.E), which is being set up in Coventry in the West Midlands, U.K and the existing Mahindra India Design Studio (M.I.D.S).
  • The Global Design Organization will harness the world-class talent pool and expand its global technology footprint.