Tag Archive for services

L&T Technology Services (LTTS) wins USD 40 million Engineering Content Management (ECM) Deal in Europe

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By Vivek K. Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

L&T Technology Services Limited (NSE: LTTS), a leading global pure-play engineering services company, today announced that it has won a multi-year deal to provide digital content management services to a leading technology company’s industrial products segment.

The deal is expected to run for a period of 5 years with an aggregate revenue potential of USD 40 million, covering Engineering Content Management (ECM) programs in the US and European regions.

LTTS will leverage centers in Europe, US & India while assuming complete ownership and talent to manage content for all current and future product suites for the customer. This would include technical design specifications, diagnostic solutions for service engineers and product training for customers & engineers, thereby supporting the entire ECM cycle from product conceptualization to developing digital content platforms. Read more

Focusing on semi-urban and rural areas, fintech start-up True balance launches Gift Cards for unbanked users True balance targets Next Billion Users to provide financial services

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

True Balance, Financial Services Platform has unveiled a new feature gift card in the mobile app. The gift card is a fast and secure recharge option for the users.

Continuing the promise to bring “Finance for billions “, the inception of Gift cards opens a new option for the unbanked users and is an impactful step wherein the bank related frauds are on a high. This unique feature would help the unbanked users/ users who don’t want to use bank details every time to recharge and pay bills on the True balance app; thus, introducing them to digital financial transactions.

This also is a positive step where; in case the user is a non-KYC user he would not have to worry about the monthly wallet limit and can use the Gift card to transact within the app ecosystem. App users can directly add the gift card of any amount from the true balance app. Being transferable; users may gift the gift card to their loved ones on any special occasion. Read more

L&T Technology Services enters into agreement to acquire Graphene Semiconductor Services

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

L&T Technology Services Limited (NSE: LTTS), a leading global pure-play engineering services company, has executed a definitive agreement to acquire 100% stake in Bangalore-based Graphene Semiconductor Services Private Limited (“Graphene”) by way of an all cash deal. The transaction is expected to be consummated by October 2018.

Graphene is one of the fastest growing companies in the Semiconductor Services domain with a presence in India, Singapore, Taiwan, and Malaysia. Counting 10 of the world’s top semiconductor fabrication and fabless companies as its customers, Graphene provides end-to-end solutions— right from chip design, embedded software, all the way through providing support to mass manufacturing, thereby being a one-stop service and solution provider. Graphene was awarded the title of “Best Startup 2016″ by Mentor Graphics and Silicon India. Graphene had revenues of INR 663 million for the year ended March 31, 2018. Read more

Volkswagen Financial Services record successful first half-year

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Volkswagen Financial Services have achieved their best-ever half-year operating result of EUR 1.231 billion as at 30 June 2018 (previous year: EUR 1.165 billion). The basis for this result lies in a 7.4 percent increase in the number of current contracts to 20.2 million units (previous year: 18.8 million units) and a growth of 8.7 percent in new contract acquisitions to just under 4.2 million units (previous year: 3.8 million). “Following our record performance in the financial year 2017, the earnings improvement during the first half of this year is especially satisfying. We are therefore confirming our earnings forecast for 2018 and expect our operating profit to be at the level of the previous year,” says Frank Fiedler, CFO of Volkswagen Financial Services AG. He adds: “This is, however, not something that can be taken for granted, because in order to achieve this level again, we must continue to focus on our targets during the second half of the year.” The increase in the half-year operating result is mainly attributable to the growth in business volume and improved margins.

 

 

For the first time, Volkswagen Financial Services have also reached a figure of more than 20 million units for their portfolio of current contracts. Growth can be observed throughout the world, whereby in Europe the fleet business is progressing particularly successfully. “We are growing internationally on a broad basis with all our products. The good collaboration with the brands of the Volkswagen Group and the strong markets in Europe and North America are a significant support,” says Dr. Christian Dahlheim, Chief Sales Officer of Volkswagen Financial Services AG. Read more

Tata Capital Financial Services Limited NCD Issue to open on September 10, 2018

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr. Rajiv Sabharwal , Director, Tata Capital Financial Services Ltd. at the announcement of the Tata Capital Financial Services Ltd. Public Issue of NCDs.

Tata Capital Financial Services Limited (the “Company” or the “Issuer”), a Systemically Important Non – Deposit taking Non – Banking Financial Company focused on providing a broad suite of financing products customized to cater to the needs of various segments, proposes to open on September 10, 2018, a public issue of Secured, Redeemable, Non-Convertible Debentures of face value of Rs. 1,000 each (“Secured NCDs”) up to Rs. 6,00,000 lakh and Unsecured, Subordinated, Redeemable, Non-Convertible Debentures of face value of Rs. 1,000 each (“Unsecured NCDs”) up to Rs. 1,50,000 Lakh aggregating up to Rs. 7,50,000 Lakh (“Tranche I Issue”). The base issue size of Tranche I issue is Rs. 200,000 lakh with an option to retain oversubscription up to Rs. 750,000 lakh (“Shelf Limit”). Read more

ARI Registry Services provider carrying a colossal colonial hang-up against India

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

ARI Registry Services is a domain name registry provider based out of Australia. It claims to be at the forefront of the Internet revolution, at least in the way we navigate on the web.

Since 2015 it is part of Neustar, Inc. which is a venture capital owned US provider of domain name registry services, that was recently thrown out by the Australian country code .AU regulator for poor services and technology.

Therefore, it is shocking to see this Australian registry provider carrying a colossal colonial hang-up against India.

The company’s website carries a news item (http://ariservices.com/news-ARI%20opens%20new%20office%20in%20India%20to%20cut%20costs.php) announcing the opening of its office in New Delhi, dated April 1, 2014. The report states that the office has been opened “in response to market demands for cheaper back-end Registry service providers.” It further adds: “Quality staff and technology was available in India, but we strategically chose against this to pass on savings to our clients.” It states that Adrian Kinderis, CEO of ARI/Neustar made a commitment that ARI/Neustar will cut as many corners as possible to reduce costs. His quote: “If there is going to be a race to the bottom, then we want to win it. You’d literally have to set up operations in a Cambodian sweatshop to beat us.”  Read more

Made in India Enterprise Email Services XGENPLUS is now available on Government e-Marketplace (GeM)

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Data Xgen Technologies, as a part of its vision has announced that their Made in India Enterprise Email server and world’s first Email server Supporting EAI & IDN is now available on Government e-Marketplace. With this initiative Xgenplus ensures that on-premises email services becomes an essential and integral part of every unit handled by the Government of India.

Launched in August 2016, Government e-Marketplace (GeM) is an online market platform to facilitate procurement of goods and services by various Ministries and agencies of the Government. It aims to enhance transparency, efficiency, and speed in public procurement of goods and services.

Announcing the initiative, Founder and CEO, Data Xgen Technologies Dr. Ajay Data said, “The IT landscapes are highly competitive as well as innovative, due to its inherent quality of frequently changing technology. This change also brings new business opportunities in terms of upgradation of technology and reaching out to the audience in innovative ways. We are honored and delighted to take up this new challenge and responsibility to provide Xgenplus world first EAI & IDN complied made in India Enterprise Email Server and solutions via GeM marketplace to all PSUs and Government.”

“Xgenplus has been constantly innovating ways to reach out to the audience and to be at the forefront of Secured Enterprise Email solution and stay ahead of its peers. I am confident that with our innovative Email solutions, rapid deployment, expertise and 24×7 customer support, Xgenplus Enterprise Email solutions will soon be an integral part of IT security for Government and PSUs across India,” he added.

Xgenplus range of products and solutions can be found on https://www.gem.gov.in/ under the ELECTRONIC MAIL AND MESSAGING SOFTWARE products category. Xgenplus is uniquely designed to create a fast, reliable form of communication to foster long-lasting, long-distance communication. Xgenplus provides email solutions for the global market, supporting users including governments, PSU, Banks, telecoms, enterprises and individuals. Xgenplus uniquely offers email address in language of user’s choice by supporting Email Address Internalization (EAI) or email for Internationalized Domain Names (IDN).   Read more

NelsonHall places Intelenet as a leader in Customer Engagement Services for Travel & Hospitality

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

International Business Process Management services provider, Intelenet® Global Services, announced that leading independent research firm, NelsonHall has recognised the company as a leader in Customer Engagement Services within Travel & Hospitality. Key drivers for travel & hospitality companies to turn to technology companies is to enhance the customer experience, streamline operational management and boost revenue generation.

Intelenet Global Services received the accolade for consistently demonstrating cost optimisation, revenue generation and customer experience improvement through its patented technology travel suite.

Ivan Kotzev, Principal Research Analyst for Customer Experience Services at NelsonHall said: ‘For the travel and hospitality sectors, Intelenet boasts a highly-specialized skillset, a multishore delivery network including work-at-home resources, and a stack of proprietary domain tools and technologies. All these strengths make it well equipped to address the future needs of a highly dynamic industry focused on digitalization and personalization of the customer experience.’ Read more

JET AIRWAYS CONNECTS ALLAHABAD TO LUCKNOW & PATNA WITH THE LAUNCH OF ITS REGIONAL CONNECTIVITY SERVICES

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Jet Airways, India’s full-service premier international airline, today commenced its services under the Government’s Regional Connectivity Scheme (RCS) – UDAN by linking the holy city of Allahabad with the state capitals of Lucknow and Patna. Read more

BBC’s Global Services launch major season exploring Money & Power and the impact they have on how we live together

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

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This June will see the launch of Money & Power – a major new season of programmes and features across the BBC’s global TV, radio and online networks exploring how the basic building blocks of our lives are being shaped and reshaped by money.

 

Reporting from countries across the world – China, Korea, Pakistan, Israel, Kenya, Uganda, Ghana, Sweden, Spain and the US – the month-long exploration will look at how money, and the power it brings, can define our relationships and our lives.  The season will look at how, and why, money causes some relationships to prosper and others to fail.

 

Stephen Titherington, Commissioning Editor, BBC World Service English, said: “The world is getting richer, but the age old questions remain about what good these riches do, and how they are shared across society and across our own families. This is an intimate look at money, and relationships – from owning empty mansions in the Punjab to getting back on your feet after bankruptcy in Miami.  This is as much about families as it is about global finance, as we test the reality of living together whether it’s for richer or for poorer.” Read more