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India to spend $1.4 trillion on infra in next 5 years: FM

Addressing the annual meeting of the International Monetary Fund (IMF) here, Sitharaman said a task force has been constituted in the finance ministry that will draw up a national infrastructure pipeline for the next five years....

Could the government regulate the OTT Contents?

In the recent past we have seen a rapid proliferation of video and audio content provided through Over the Top or OTT services....

Cognizant to acquire Contino

Cognizant has announced its entering into an agreement to acquire Contino, a privately-held technology consulting firm. Contino specializes in helping Global 2,000 clients accelerate their digital transformation by leveraging enterprise DevOps methodologies, a cloud-native development approach, and advanced data platforms. Headquartered in London, Contino has approximately 350 employees worldwide with operations in the United Kingdom, the United States and Australia....

DoT Is Looking At Spectrum Pricing: Anshu Prakash, Secretary Telecom

Anshu Prakash,Telecom Secretary said, all aspects of spectrum reforms are being looked at, including spectrum payment installments, rate of interest, and spectrum holding caps after the industry requested the government for a consideration. With the lukewarm response of the industry towards the upcoing spectrum auction over pricing, interest rate and payment installments issues, the Department of Telecom is looking at some reforms on this front. ...

The IMF has also cuts global forecast by 20 basis points for 2019

The world economy is slowing to its weakest pace since the global financial crisis, as the US-China trade war undercuts business confidence and investment, the IMF said Tuesday. WEO said India's growth in 2019 is sharply lower than the 6.8 per cent in 2018 "for idiosyncratic reasons, but is expected to recover in 2020". The reduction in India's growth projection for this year "reflects a weaker-than-expected outlook for domestic demand", WEO said. However, India still retains its rank as the world's fastest-growing major economy, tying with China, with a projected growth rate of 6.1 per cent for the current fiscal year....

Mindtree reports a broad-based double digit revenue growth

Mindtree, a global technology services and Digital transformation company, guiding it’s clients to achieve faster business outcomes, announced its consolidated results today for the second quarter ended September 30, 2019 as approved by its board of directors. ...

OPPO showcases 5G readiness in partnership with Qualcomm & Jio @ IMC 2019

OPPO, the leading global smartphone brand showcased its Reno 5G smartphone in partnership with Qualcomm and Jio at India Mobile Congress (IMC) 2019. The demo of its first 5G smartphone at IMC is a testament to OPPO’s commitment of offering new and innovative technology to India. ...

Hike becomes one of the top 3 patent filers in the country

Hike, India’s AI-led Unicorn was recently recognized as one of the top 3 patent filers in the field of IT. With 66 patents filed in the year 2017-2018, Hike joined the ranks of Wipro & TCS in a list unveiled by the Office of the Controller General of Patents, Design & Trademarks, Department of Promotion of Industry & Internal Trade, Ministry of Commerce & Industry....

Genpact to buy Chicago based Digital Consultancy company Rightpoint

Genpact has signed a definitive agreement to acquire Chicago-based Rightpoint, a premier digital consultancy with technology at its core. The deal is designed to bring experience and process innovation together to help clients drive end-to-end digital transformation and win in the growing experience economy. Rightpoint’s co-founder Ross Freedman will continue as CEO of this business. ...

Nokia joins hands with Wipro to develop 5G ecosystem

Nokia has announced its partnership with Wipro to jointly develop 5G use cases at its Bengaluru R&D center in order to help operators maximize their investments in 5G. The collaboration will explore technical and operational feasibility of use cases, such as AR/VR-based immersive learning experience, as well as drone-based applications for agriculture, public safety energy and utilities, using real-time network analytics, lifecycle operation management and edge computing....