Cognizant acquires KBACE Technologies

United States (US) based software services exporter Cognizant Technology Solutions (CTS) has acquired cloud-based computing firm KBACE Technologies. This acquisition will help Cognizant to strength and expands its digital capabilities from its critical business applications to cloud-based IT infrastructures. The ..

Month: Current Affairs - January, 2016

Wipro awarded 2015 Aegis Graham Bell Award

Global software major Wipro has been awarded 2015 Aegis Graham Bell Award for developing a solution for the Internet of Things (IoT). The award has been bestowed upon Wipro’s IoT solution ‘Universal Data Parser’ (UDP). The UDP enables flexible adaptation ..

Union Government inks MoU for establishing IIITs at Ranchi, Nagpur & Pune

The Union Government has inked a Memorandum of Understanding (MoU) for establishing three Indian Institute of Information Technology (IIITs) in the country. The agreement to this effect was signed between Department of Higher Education (DoHE) and private agencies including Tata ..

Month: Current Affairs - December, 2015

Infosys to acquire US based firm Noah Consulting

India’s second largest software services major Infosys has announced acquisition of US-based oil and gas consulting firm Noah Consulting for 70 million US Dollars in an all-cash deal. This acquisition is part of Infosys strategy to bring next generation data ..

Month: Current Affairs - October, 2015

Infosys appoints Ranganath D Mavinakere as new CFO

India’s second largest software services firm, Infosys has appointed Ranganath D Mavinakere as new Chief Financial Officer (CFO). He will succeed Rajiv Bansal who was Executive Vice President (EVP) and the CFO of Infosys and had resigned from the company. ..

Month: Current Affairs - October, 2015

WTO members reach landmark $1.3 trillion IT trade deal to cut tariffs

World Trade Organisation (WTO) members reached a landmark Information Technology (IT) trade deal in order to add more than 200 products to the list dealing with zero-tariff and duty-free trade. In this agreement, products covered will include new-generation semi-conductors, medical ..

Month: Current Affairs - July, 2015

Maharashtra Government gives nod to IT & ITES policy 2015

Maharashtra Government has given nod to new Information Technology (IT) and Information Technology Enabled Services (ITES) policy. Decision in this regard was taken by State Cabinet meeting chaired by Chief Minister Devendra Fadnavis in Mumbai. Key highlights of Maharashtra IT ..

Month: Current Affairs - June, 2015

US opens probe against Indian IT giants TCS, Infosys for H1B visa violations

United States (US) government has opened an investigation against two of the biggest Indian Information Technology (IT) outsourcing companies for possible violations of H1-B visa rules.  The two IT giants are Tata Consultancy Services (TCS) and Infosys. The investigation is ..

Month: Current Affairs - June, 2015