i-flex Solutions has signed an agreement with Wipro under which Wipro will market, implement and support i-flex’s products in the Middle East and Egypt. The products include flexcube, i-flex solutions flag ship core banking product suite, and i-flex’s analytics offering, an integrated suite of award-winning solutions – Reveleus and Mantas – that help financial institutions maximize profitability, minimize risks and deliver enterprise-wide compliance. Wipro is a global leader in providing technology, software and consulting services.
Year: 2008
CII + NIIT to Educate Africans
CII and NIIT have entered into an agreement to help create ICT infrastructure and foster International Software Talent in the African continent. As part of this capacity building and skill development endeavour, NIIT and CII will share high quality education resources from India and involve other appropriate players from the Indian industry to help Africa develop human capital for the global IT industry.
In line with its commitment of providing skilled ICT manpower in the region- NIIT recently launched the State of Art Training campus in Botswana which will accommodate 7000 students in various IT streams by 2010. NIIT now plans to scale up operations and forge partnerships with more Universities and Colleges to extend its IT training offerings for the youth in Africa.
Satyam Computer MOU with CIPET, Hyderabad
Satyam Computer Services has signed a MoU with Central Institute of Plastics Engineering & Technology (CIPET), Hyderabad, an autonomous Plastics Training & Application Research Institute, under the Ministry of Chemicals and Fertilizers, Government of India, for developing new engineering plastic materials through an Industry-Institute collaborative approach. The collaboration is part of Satyam’s strategic initiative of developing a global innovative ecosystem of alliances to provide total engineering solutions to its global customers.
The proposed alliance is aimed at synergizing the product design and development expertise of Satyam Engineering Solutions and application research of CIPET, Hyderabad to develop innovative materials for new products being developed for customers worldwide. This relationship will establish CIPET & Satyam together as a provider of applied research services to meet the needs of the global customers thereby successfully establishing an Industry-Institute partnership.
Buy Viceroy Hotels – ICICI
Viceroy Hotels, which currently owns a single property in Hyderabad, Hyderabad Marriott, plans to quadruple its room count from the current 355 to 1,405, by FY10. Apart from increasing its room base in Hyderabad, it also plans to expand its reach to Chennai and Bangalore under the Marriott brand.
Having established four strong brands under two of its wholly-owned subsidiaries, Viceroy Hotels plans to expand its F&B (Food & Beverage) business to more cities. (more…)
Sharekhan on Genus Power Infrastructures
Genus Power Infrastructure Ltd (GPIL) has bought a 6 mega watt (MW) power generation plant from Genus Power Products Ltd (GPPL). Subsequently, the shareholders of GPPL would receive one fully paid-up share of GPIL for every 60 fully paid-up shares of GPPL currently held by them.
The 6MW plant of GPPL is based on biomass technology and the power generated can be sold as well as used for captive purposes. (more…)
Infosys-Boeing Award + Royal Orchid Acquisition
Infosys Technologies has informed us that The Boeing Company has awarded it a 2007 boeing performance excellence award (BPEA) for achieving a gold level of performance over the 12-month period. Infosys Technologies was one of fewer than 50 companies out of approximately 10,000 Boeing worldwide suppliers to receive a gold level performance award.
Royal Orchid Hotels has acquired 50% stake in Cosmos Premises. Cosmos Premises is owner of the property i.e. the Galaxy Resorts having 65 rooms-beach resorts, situated in village Utorda in the State of Goa.