News of Information Technology in Gujarat

RIL subsidiary acquires 37% stake in US based analytics biz tech start-up Netradyne

MUMBAI | RAJKOT – In an update submitted to the Indian Bourses today, Reliance Industries Ltd said of its subsidiary company having acquired 37% stake in a US (Delaware) based analytics business tech start-up Netradyne paying US$ 8 million (~581 million rupees) subscribing 4 million shares. Reliance Industrial Investments and Holdings Limited (“RIIHL”), the wholly

Anil Ambani led RCom announces strategic transformation for India & Emerging Markets

MUMBAI | RAJKOT – In a press-release submitted to the Indian Bourses, Reliance Communications Limited (RCOM) and its subsidiary, Global Cloud Xchange (GCX), today shared updates on the company’s strategic transformation plan and its commitment to the growth and enhancement of its fixed-line communications, data center, subsea cables and enterprise services globally. “As the company moves

Reliance JIO inks USD$ 1 billion term loan facility with Korean Financial major to pay Korean Vendors

MUMBAI | RAJKOT – Reliance Industries Ltd informed the Stock Exchanges in India regarding USD $ 1 billion (~68.13 billion INR ~ 6,813 crore 61 lakh 38 thousand 9 hundred 79 rupees and 40 paise priced at 1USD$ ~ 68.1361 INR) term loan facility inked by its subsidiary company Reliance Jio Infocomm Ltd which has

Sasken Tech appoints Mihir Kumar to head Industrial Segments Biz

BANGULURU | MUMBAI | RAJKOT – Rajeev Modi owned Sasken Technologies Ltd has appointed Mihir Kumar as Senior Vice President and Head for Industrial Business Unit of the company, to head its Industries Segments business and lead the company’s  efforts in the industrial segment, the filing submitted to the exchanges in India said. Mihir joins

NSE seeks clarification from Gujarat Narmada over 20-millin-rupee UIDAI fine

AHMEDABAD | BHARUCH | MUMBAI | RAJKOT – National Stock Exchange has sought sought clarification from Gujarat Narmada Valley Fertilizers and Chemicals Limited with respect to announcement made by the company dated 09-Jun-2018, informing about the legal litigation with Unique Identification Authority of India (UIDAI) and a 20-million-rupee fine slammed on the company by UIDAI

L&T Info announces Digital Engineering & Constructions Solutions for EPC companies

MUMBAI | RAJKOT – Larsen & Toubro Infotech Ltd, today announced availability of its Digital Engineering & Construction Solution for Engineering, Construction and Operations (EC&O) companies, the company press release said. Company statement described the preconfigured solution for SAP S/4HANA® opens up an array of digital transformation opportunities for asset-intensive industries like Engineering & Construction,

Infibeam subsidiary acquires E-Comm, ERP firm for 60 mn INR

AHMEDABAD | MUMBAI | RAJKOT – NSI Infinium Global Pvt Ltd, subsidiary of Infibeam Incorporation Ltd has signed a binding memorandum of understanding (MoU) with E-Commerce, ERP (Enterprise Resource Planning) and related enterprise software solutions providing firm DRC Systems India Pvt Ltd for acquisition of DRC with full management control in an all cash deal

InfoTech arm of GNFC – (n)Code Solutions, now becomes Gujarat NCode Solutions Ltd

GANDHINAGAR | BHARUCH | MUMBAI | AHMEDABAD | RAJKOT – (n)Code Solutions, information technology arm of Gujarat Narmada Valley Fertilizers & Chemicals Ltd is now incorporated as a wholly owned subsidiary company in name of Gujarat NCode Solutions Ltd, GNFC statement said. The new company has been incorporated on February 28, 2017 having Corporate Identity

Rajkot (Gujarat) native Rajiv C Mody owned Sasken Telecom Tech renamed to Sasken Tech

BANGALORE | MUMBAI | AHMEDABAD | RAJKOT – Sasken Telecommunications Technology Ltd has been renamed to Sasken Technologies Ltd with effect from February 14, 2017, to reflect its broad range of services and just not limiting to telecom tech space, the company statement said. Today, the nexus of forces such as computing, communications, mobility, cloud,

Tata Elxsi helps Welspun subsidiary TILT Textiles to designs smart interactive bed-linen for kids

MUMBAI | AHMEDABAD | RAJKOT – Tata Elxsi, a global design company that blends technology, creativity and engineering, today announced of partnering with Welspun, one of the world’s largest textile makers, for the design, development and implementation of SpinTales – a new line of products that launched in 2016 with a patented Augmented Reality storytelling

STOCK RADAR : Kolte Patil, Century Textiles, D-Link looks bullish technically

MUMBAI | AHMEDABAD | RAJKOT – Indian indices and equity markets are trading in bull-mode and sound bullish, fundamentally and technically. However technicals are sounding good for Kolte Patil Developers, Adani Ports, Century Textiles. A note of cuation and warning comes for Karnataka Bank shares ‘EXIT‘ if the stock cracks below 110 rupee levels, Ahmedabad

Sasken Comm Tech posts Q3 (Oct-Dec) PAT up 15% YoY at 129 mn INR

BANGALURU | MUMBAI | AHMEDABAD | RAJKOT – Rajiv Modi owned Sasken Communication Technologies Ltd reported a healthy third quarter (October-December) of financial year 2016-17 (April-March) posting net profit (profit after taxes – PAT) up 15% year-on-year (YoY) at 129.28 million rupees from 112.54 million rupees, despite dent in topline down 12% YoY at 1.11

Mastek Q3 (Oct-Dec) PAT jumps 13 folds at 112 mn INR

AHMEDABAD | MUMBAI | RAJKOT – Tax rebates and curtailing expenditure helps Information Technology company Mastek Ltd to report a healthy quarter with the company’s net profit up 13-folds at 112.30 million rupees for October-December from 7.90 million rupees during the same quarter previous year. Net sales of the company dipped 10% year-on-year at 1.18

Eight Edition of Vibrant Gujarat, Global Investors Summit – 2017 hits 25,578 MoUs, for undisclosed amount

Camp : MAHATMA MANDIR (GANDHINAGAR) – In Eight Edition of Vibrant Gujarat, Global Investors Summit 2017 over three days sessions, 25,578 Memorandums (Memorandum of Understanding – popularly termed as MoU) were inked, Deputy Chief Minister Nitin Patel announced the figure without disclosing the final amount attracted for investment in state of Gujarat vide 25,578 inked

CEOs of US companies will participate in Global CEO Conclave at Vibrant Gujarat 2017

GANDHINAGAR | AHMEDABAD | RAJKOT – One of the most promising event at Vibrant Gujarat Global Summit 2017, the Global CEO (Chief Executive Officer) Conclave will host 10 CEOs from American companies. The CEOs of US based companies that will be attending the Global CEO Conclave includes, Bertrand-Marc Allen, President, Boeing International; John Chambers, Executive