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Monday, May 17, 2021

Company updates 17.7.21

HCL Technologies

(HCL), a leading global technology company, today announced the expansion of investment in the United Kingdom with the hiring of 1,000 technology professionals to support its clients in the UK and around the world. The company plans to hire these professionals in the fields of digital transformation, cloud, artificial intelligence and cybersecurity for its London, Greater London and Manchester offices. During a virtual meeting to convey this commitment, HCL also welcomed UK’s aid to India by PM Boris Johnson in light of the current COVID-19 crisis. 

HCL has been present in the UK since 1997 and today its UK operation employs 3,500+ people across various locations, supporting 50+ clients. HCL was recently recognized as a Top Employer in the UK for the fifteenth consecutive year by the prestigious Top Employers Institute. 

The virtual meeting between UK Prime Minister Boris Johnson’s with HCL’s CEO C Vijayakumar and Sr. Corp. Vice President, Ashish Kumar Gupta, was held as part of PM Johnson’s virtual tour to create stronger business ties between the UK and India. During the meeting, C Vijayakumar reaffirmed the company’s commitment to the UK, highlighting HCL’s successful partnerships with many of UK’s largest corporations to assist them on their growth and transformation journeys. 

“We welcomed the opportunity to speak to the Honorable Prime Minister of UK, Mr. Boris Johnson regarding HCL’s vision for the UK market and thanked him for his country’s continued support as India navigates the COVID-19 crisis,” said C Vijayakumar, CEO, HCL Technologies. “The UK has played a key role in HCL’s growth and success journey for more than two decades. It is home to some of our most prestigious clients and is a hotbed of IT talent. By creating new local jobs in the region, we want to reaffirm our commitment to catalyzing innovation and building competitive digital talent pools in the region.

” UK Prime Minister, Boris Johnson, said, “India and the UK are two countries on the forefront of IT innovation. Thanks to companies like HCL Technologies, we can continue to lead the way together – creating good, skilled jobs and helping both countries to build back better.

” We would like to thank our employees, clients, partners and local communities in the UK for their ongoing support to the company. HCL is grateful to the Department for International Trade and the British High Commission for their continued support in our growth journey


HERO MOTOCORP

With customer-centricity at the core of its operations, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has extended the duration of all its warranty and free services.

This is also in keeping with its commitment to the safety and welfare of its people, its customers and to break the chain of the spread of Covid-19. 

For the benefit of all its existing customers, the Company has extended the duration of the services that were getting exhausted during the ongoing period by 60 days. These durations have been extended to ensure that customers are not required to visit dealerships in a rush to avail of the services. 

The extended services include – 

 All scheduled Free Service (FSC)
 All services under Joyride (AMC)
 All vehicles for which the warranty is expiring (as per terms and conditions of warranty) 

Hero MotoCorp has also recently launched its comprehensive range of sales and aftersales services on the messaging app – WhatsApp – where customers can avail a host of services from an easy-to-interact menu-based chatbot that can be accessed 24X7 on the messaging platform. Providing real-time services and offering support on a wide range of topics, the feature provides key facilities like Service booking and post-service feedback, Real-time status check of the vehicle under repair, locating nearest workshop & showroom and more.


NATCO

Natco Pharma Limited (NSE: NATCOPHARM; BSE: 524816) is pleased to announce the signing of a royalty-free, non-exclusive, voluntary licensing agreement with Eli Lilly and Company, for the manufacture and commercia lization of the drug Baricitinib for Covid-19 indication in India. In line with the licensing agreement, Natco has withdrawn its application filed with the Indian Patent Office, seeking Compulsory License against Lilly for Baricitinib for Covid-19 in India

NATCO had earlier received an emergency use authorization for Baricitinib tablets, from Central Drugs Standard Control Organization (COSCO), for use in combination with remdesivir, for the treatment of suspected or laboratory confirmed COVID-19 in hospitalized adults requiring supplemental oxygen, invasive mechanical ventilation, or extracorporeal membrane oxygenation (ECMO).


Nucleus Software 

 Nucleus Software, the leading provider of lending and transaction banking products to the global financial services industry, today announced that Bank of Sydney has chosen Nucleus Software’s flagship lending solution, FinnOne Neo, to accelerate its digital lending transformation strategy.

Bank of Sydney wanted a sophisticated lending solution to automate and digitize the origination processes for mortgages and credit cards. This would enable greater end-to-end acquisition and management of online customers.

With FinnOne Neo, Bank of Sydney will be able to launch new products faster, accelerate growth and offer next generation digital banking experiences to its customers. The solution will digitize the bank’s complete, end-to-end loan lifecycle. FinnOne Neo will enable Bank of Sydney to connect with customers across a range of channels, while helping them make better credit decisions faster.

FinnOne Neo is the next-generation lending solution built on an advanced technology platform, designed to shape the future of lending across Retail and Corporate sectors. The solution also helps comprehensive loan servicing and sophisticated delinquency management. FinnOne Neo has been designed to meet the challenges of delivering agile and efficient solutions while reducing the cost of operations. With implementations across 50 countries, FinnOne has been recognized as the world’s best-selling lending solution for over 10 years.


TVS Motor 

TVS Motor Company, a reputed two-wheeler and three-wheeler manufacturer globally, today announced that the TVS NTORQ 125, its sporty, Bluetooth connected scooter, has crossed the sales milestone of 1 lakh units in international markets

In 2018, TVS NTORQ 125 was launched as the first Bluetooth connected scooter in India and has since secured its place like no other. Over the years, the brand has become synonymous with industry-first technology, unrivalled style and superior performance in select international markets. Today, TVS NTORQ 125 is present in 19 countries across South Asia, Latin America, Middle East, and ASEAN.


TCS

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been positioned as a Leader in the IDC MarketScape for Supply Chain All Other Ecosystems Services, Worldwide

According to the report, “TCS works with an extensive network of partners to help transform clients' supply chains to become resilient, adaptive, and flexible.” It goes on to say that “Based on TCS' thought leadership, experience with innovation ecosystems, consulting-led supply chain strategy and transformation capabilities, extended partnerships with ERP and supply chain specialist vendors, deep industry expertise, leadership in advanced analytics, IoT, and machine learning, TCS is well positioned in this space.”

TCS is helping clients respond to the global demand volatility, distribution and logistics disruptions, manufacturing interruptions, and supply variability. The company combines its consulting-led approach with emerging technology expertise to help customers operate in today’s environment while thinking and building for the future. TCS’ partner ecosystem, with deep go-to-market relationships and significant investments in innovation and accelerators is well placed for transforming supply chains.

TCS partners with best of breed niche players such as Blue Yonder, INFOR, QAD, Kinaxis, o9 and Ivalua, to help customers transform their supply chains and capture the value of emerging innovative solutions. TCS uses new technologies such as blockchain, IoT, autonomous enterprise solutions and intelligent bots to accelerate these transformations. Additionally, it offers multiple solutions and platforms that target requirements across industry and horizontals such as:

• TCS Dynachain™, a multi-enterprise ecosystem commerce platform for digital cognitive autonomous supply network management. 

• TCS DigiFleet™, an IoT enabled SaaS that assimilates telematics and environmental data to provide real-time impactful business insights about fleet and freights. It enhances visibility and operational efficiency of the logistics on the move. 

• TCS Connected Logistics, an AI and ML based IoT solution that brings real time visibility to operations and adds predictability to logistics planning and execution. It helps enterprises respond to dynamic business needs and improves customer experience by ensuring adherence to key metrics like ontime-delivery and resource utilization levels. This solution is powered by TCS Logistics optimizer and TCS DigiFleet™. 

TCS provides solutions that are prescriptive, cognitive, augmented, scalable and orchestrated. TCS’ solutions elevate supply chain agility and resiliency with the maturity journey – moving from connected to self-aware supply networks.


Reliance

Reliance Jio Infocomm Ltd. (Jio), India’s leading 4G and mobile broadband digital service provider, is constructing the largest international submarine cable system centered on India. Jio, in conjunction with several key global partners and world-class submarine cable supplier SubCom, is currently deploying two next generation cables to support the extraordinary growth in data demand across the region.

The India-Asia-Xpress (IAX) system connects India eastbound to Singapore and beyond, while the India-Europe-Xpress (IEX) system connects India westbound to the Middle East and Europe. The systems will seamlessly interconnect as well as connect to the world’s top interexchange points and content hubs for extension of service globally. IAX and IEX will enhance the ability for consumer and enterprise users to access content and cloud services in and out of India

For the first time in the history of fiber optic submarine telecommunications, these systems place India at the center of the international network map, recognizing India’s increased importance, staggering growth, and the quantum shift in data use since the launch of Jio services in 2016.

These high capacity and high-speed systems will provide more than 200Tbps of capacity spanning over 16,000 kilometers. Employing open system technology and the latest wavelength switched RoADM/branching units ensures rapid upgrade deployment and the ultimate flexibility to add/drop waves across multiple locations.

“Jio is at the forefront of India’s explosive growth in digital services and data consumption. To meet the demands of Streaming Video, Remote Workforce, 5G, IoT, and beyond, Jio is taking a leadership role in the construction of the first of its kind, India-centric IAX and IEX subsea systems,” said Mr. Mathew Oommen, President, Reliance Jio. “Implementing these critical initiatives in the shadow of a global pandemic is a challenge, but the ongoing pandemic has only accelerated the digital transformation and the necessity of high-performance global connectivity for the delivery of a richer experience to enterprises and consumers.”

The IAX system connects India, the world's fastest growing economy, to Asia Pacific markets with express connectivity from Mumbai and Chennai to Thailand, Malaysia, and Singapore. The IEX system extends India's connectivity to Italy, landing in Savona, and additional landings in the Middle East and North Africa. Apart from the seamless connection of the IAX and IEX sub-sea systems, the two systems are also connected to the Reliance Jio Global Fiber Network beyond Asia Pacific and Europe, connecting to both the east and west coast of the USA. IAX is expected to be ready for service mid2023, while IEX will be ready for service in early 2024