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Business briefs

Course5 Intelligence to invest Rs 30 cr for expansion Mumbai, Mar 2 (PTI) IPO-bound pure-play data analytics firm Course5 Intelligence will ramp up its overseas presence in the US, Canada and Singapore, apart from growing inorganically through acquisitions with an investment of Rs 30 crore. Course5 last month filed for a Rs 600-crore initial public [...]

‘Surat diamond polishing industry so far not impacted by Russia-Ukraine war’

Ahmedabad, Mar 2 (PTI) Surat's diamond polishing industry is so far shielded from the adverse impact of the Russia-Ukraine war as there is no ban on the transaction from Russian rough diamond mining company Alrosa, and demand for the polished diamond in main global markets remains unaffected, an industry representative said Wednesday. Russia accounts for [...]

Sonata Software Named Microsoft Azure Expert Managed Service Provider

BANGALORE, India, March 2, 2022 /PRNewswire/ -- Sonata Software, a global IT Services and Technology Solutions Company, today announced that it has been named a Microsoft Azure Expert Managed Service Provider (MSP), in recognition of its demonstrated expertise in providing world-class solutions on Microsoft Azure. The Azure Expert MSP recognition is awarded after a rigorous [...]

Infosys Springboard onboards over 1.2 mn digital learners across India in 100 days

New Delhi, Mar 2 (PTI) IT major Infosys has onboarded over 1.2 million users across the country on its digital reskilling program Springboard in 100 days. Infosys Springboard has partnered with over 700 educational institutions and education departments of the state governments of Karnataka, Maharashtra, and Uttar Pradesh. "With every job profoundly transformed, thanks to [...]

STL, VMware and ASOCS unveil end-to-end 5G Enterprise solution at MWC 2022

MUMBAI, India, March 2, 2022 /PRNewswire/ -- STL [NSE: STLTECH], an industry-leading integrator of digital networks, together with ASOCS and VMWare, today announced the launch of industry's first end-to-end 5G Enterprise solution to address the growing demand for private 5G enterprise connectivity for campus, industrial and venue applications. Unveiled at MWC 2022, where STL demonstrated [...]

IT companies in Russia to be exempt from income tax for 3 years: PM Mishustin

Moscow, Mar 2 (PTI) All Information Technology companies in Russia will be exempt from paying income tax and free from inspections for three years, Prime Minister Mikhail Mishustin announced on Wednesday, as the West stepped up economic sanctions on Moscow for its invasion of Ukraine.Western countries led by the United States have imposed a series of economic sanctions on [...]

NMDC Apr-Feb output jumps 26%; sales up 25.5%

New Delhi, Mar 2 (PTI) State-owned miner NMDC has posted a 26 per cent jump in its iron ore output to 37.18 million tonnes (MT) during April-February period of 2021-22, an official statement said on Wednesday. During the year-ago period, the company had produced 29.52 MT of iron ore, the Ministry of Steel said. In [...]

ATC India appoints Sandeep Girotra as CEO

New Delhi, Mar 2 (PTI) Telecom infrastructure provider ATC India on Wednesday announced the appointment of Sandeep Girotra as its chief executive officer (CEO). He succeeds Ashwini Khillan, who is moving into a new Asia-Pacific regional leadership role, ATC India said in a statement. Girotra has over 30 years of experience across various functions within [...]

Lenders wary about new to credit customers, says Cibil report

Mumbai, Mar 2 (PTI) Lenders seem to be turning wary about serving the New To Credit (NTC) customers and showing more preference towards existing borrowers, a report said on Wednesday. Demand for credit continues to accelerate even after the end of the festive season but seems to be driven more by consumption and the riskier personal [...]
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