WIPRO
Wipro and Finastra Partner to Accelerate Digital Transformation in Transaction Banking
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, and Finastra, the largest pure-play software vendor that serves the entire financial services industry, today announced a partnership to help corporate banks across AsiaPacific accelerate their digital transformation. The companies will create a unique offering that combines Wipro’s comprehensive services catalogue with Finastra’s front-to-back trade finance and cash-management solutions.
A recent Finastra study showed that corporate banking clients have shifted their focus towards real-time execution capabilities, access to online platforms, and value-add services. In response, banks are moving away from the traditional relationship management model to become digital platform players that can meet client needs in a faster, flexible and more agile way. The partnership will help banks make this transition quickly through access to Wipro’s service portfolio, from consulting and digital to infrastructure and operations, and Finastra’s leading solutions - Fusion Trade Innovation and Fusion Cash Management
TATA POWER
Tata Power Solar receives EPC orders for INR 686 crore from NTPC to set up Solar PV projects
Tata Power Solar, India’s largest integrated solar company and a wholly-owned subsidiary of Tata Power, has received “Letter of Award” (LoA) to build 210 MWp of Solar PV projects for NTPC. The total order value of the projects is approximately ÌNR 686 crore. The commissioning date for NTPC is set for November, 2022
With this addition, the order pipeline of Tata Power Solar stands at approximately 2.8 GW with an approximate value of INR 13,000 crore, thereby cementing its position as India’s leading Solar EPC player
The scope of work includes land, transmission, engineering, procurement, installation and commissioning of the solar projects. The NTPC project site is located in Gujarat
Speaking on the achievement, Dr. Praveer Sinha, CEO & MD, Tata Power said, “We are pleased to announce the new win of this large solar EPC contract from NTPC. Tata Power Solar is the leader in producing solar energy across the country and this further validates Tata Power Solar’s excellent execution skills in solar projects.”
Over the years, Tata Power Solar has been India’s leading solar rooftop EPC player with compelling economics, especially for the commercial and industrial segment. Favourable government policies, and increased environmental awareness have been the key growth drivers.Tata Power Solar comes with a successful background of executing large projects such as the 250 MW Ayana at Ananthapur, 50 MW Kasargod at Kerala, 56 MW Greenko, 30 MWp Solar Power Plant in Lapanga, Odisha and 105 MWp of Floating solar at Kayamkulam
SUN PHARMA
Sun Pharma and Ferring Pharmaceuticals enter into licensing agreement for introducing CARITEC® in India
Sun Pharmaceutical Industries Limited (Reuters: SUN.BO, Bloomberg: SUNP IN, NSE: SUNPHARMA, BSE: 524715, “Sun Pharma” and includes its subsidiaries and/or associate companies) today announced that one of its wholly owned subsidiaries has entered into a license agreement with Ferring Pharmaceuticals Pvt. Ltd. (Ferring), a subsidiary of Switzerland-based biopharmaceuticals MNC Ferring Pharmaceuticals, to commercialize a Room Temperature Stable (RTS) formulation of obstetric drug, CARITEC® (Carbetocin RTS) in India. CARITEC® is indicated for the prevention of excessive bleeding in women after vaginal or caesarean child birth. The condition is commonly known as post-partum hemorrhage (PPH)
As per agreement terms, Sun Pharma is granted rights for co-marketing of the drug in India in the private market under the brand name CARITEC®. Ferring has developed the drug and received approval from the Drugs Controller General of India (DCGI) for introducing the drug in India.
Kirti Ganorkar, CEO-India business, Sun Pharma, said, “PPH is one of the leading causes of maternal mortality worldwide. As per WHO, 25% of maternal deaths occur due to this condition.i Through our collaboration with Ferring, we are introducing an innovative medicine that will help in reducing thousands of deaths from PPH every year. We believe this unique RTS formulation of Carbetocin will play an important role in PPH prevention in India.”
PPH is leading cause of maternal mortality worldwide and especially in countries like India. India’s current Maternal Mortality Ratio (MMR) stands at 113 deaths per 100,000 live births.ii PPH is a frequent complication of child birth and its reported incidence in India is 2% - 4% after vaginal delivery and 6% after caesarean section. As per a survey conducted in India, PPH contributes to 38% of maternal deaths
STERLITE TECHNOLOGIES
STL Access Solutions appoints global industry pioneers to its Technology Advisory Council
STL [NSE: STLTECH], an industry leading integrator of digital networks, today announced a Technology Advisory Council for its Access Solutions business, which focuses on wireless and open networking technologies. The council will constitute Hank Kafka, Guy Lupo, and John Medamana, senior professionals who are pioneers in the areas of wireless systems, software orchestration systems, software-defined networking, and passive optical networks.
With strong capabilities experience in optical and system integration, STL is expanding its focus and expertise on the network edge. STL’s Access Solutions business unit is dedicated to open access networking solutions in the software-defined, FTTx broadband and Open RAN 5G wireless. This highly specialised advisory council will guide the technology strategy and solution roadmap for the company
Hank Kafka, instrumental in launching the ORAN / Open RAN ecosystem, is a wireless networking leader and innovator. He has been a key figure in the maturation of the mobility industry. Hank has been Vice President of Wireless Technologies and Architecture - AT&T and currently serves as an O-RAN ALLIANCE Executive Committee member and an alternate board member. He holds an MSEE degree from the University of Illinois
PERSISTENT SYSTEMS
Persistent Systems and IBM Deepen Collaboration to Accelerate Hybrid Cloud Adoption in the Enterprise
Persistent Systems (BSE: PERSISTENT) (NSE: PERSISTENT) today announced plans to expand its relationship with IBM (NYSE: IBM) to help fuel open hybrid cloud adoption, core IT modernization and digital transformation for customers across the enterprise. Persistent will continue to invest in IBM technology that helps its customers adopt hybrid cloud architectures with Red Hat OpenShift, industry-specific clouds and advanced security practices.
Spanning more than 20 years, Persistent’s collaboration with IBM grew from a project in security to collaborating on more than 400 shared customers and experience across 50 IBM brands and 125 IBM products including IBM Cloud Paks. Persistent will continue to work with IBM to accelerate
Hybrid Cloud Adoption: Persistent will evolve its Red Hat Center of Excellence by adding co-engineering PODs and specialized teams focused on product engineering and advanced technology skills to help meet the needs of today’s customers. This initiative will build on the current Persistent practice, which includes more than 2,000 containerized software and Kubernetes professionals, over 300 Red Hat accredited sales and delivery staff and an IBM Cloud Pak deployment practice to help customers migrate workloads to the IBM Cloud.
Security Modernization: Persistent will continue to use IBM Security solutions like IBM Security QRadar SIEM in conjunction with its proprietary security operations centers (SOCs) to help customers modernize. The company’s 600+ person security services practice will work closely with IBM Global Business Services to accelerate innovation and help customers expand their security footprint.
Industry-Specific Transformation: Persistent recently collaborated with IBM to increase adoption of industry-specific clouds across the enterprise. The company intends to onboard its Digital Banking Solution to the IBM Cloud for Financial Services to help ensure that transactions are compliant and conducted in a secured environment. In addition, Persistent will build and deploy its Telco Network Cloud Manager solution on the IBM Cloud for Telecommunications to help enable network equipment partners to accelerate business transformations by unlocking the power of 5G and edge.
MINDTREE
Mindtree has Earned the Analytics on Microsoft Azure Advanced Specialization
- Mindtree, a global technology services and digital transformation company, today announced it has earned the Analytics on Microsoft Azure advanced specialization, a validation of a partner’s capability in planning and delivering tailored analytics solutions, following Microsoft and industry best practices.
Only partners that meet stringent criteria around customer success and staff skilling, as well as pass a third-party audit of their analytics planning and deployment practices, are able to earn the Analytics on Microsoft Azure advanced specialization
As more businesses recognize the value of effective data and analytics strategies but struggle to implement them, partners with proven experience delivering customized Microsoft analytics solutions using Azure Synapse Analytics, Azure Data Lake, Azure Data Factory, and Azure Databricks are well-positioned to capture this market opportunity.
These partners can help customers better integrate endlessly scalable analytics platforms into their businesses to quickly capture insights from all their data across data warehouses and big data analytics systems.
“Our clients have a business imperative to derive meaningful insights from data and convert those insights into business value,” said Radhakrishnan Rajagopalan, Global Head, Customer Success, Data and Intelligence, Mindtree. “The Analytics on Microsoft Azure advanced specialization will bring our experience in accelerating data discovery and making data-driven business decisions more accessible to those organizations that are dedicated to their business transformation journeys.”
Rodney Clark, Corporate Vice President, Global Partner Solutions, Channel Sales and Channel Chief at Microsoft added, “The Analytics on Microsoft Azure advanced specialization highlights the partners who can be viewed as most capable when it comes to building transformative and secure analytics solutions on Azure. Mindtree clearly demonstrated that they have both the skills and the experience to help our customers harness the power of insight and transform their businesses in a scalable, secure, and cost-effective way.”
LUPIN
Global pharma major, Lupin Limited (Lupin) today announced that the U.S. FDA has accepted the Biologics License Application (BLA) for its proposed biosimilar to Neulasta® (pegfilgrastim) through a filing using the 351(k) pathway
Pegfilgrastim has estimated annual sales of USD 3.66 billion in the U.S. (IQVIA MAT December 2020).
Commenting on the development, Vinita Gupta, CEO, Lupin said, “FDA’s acceptance of our BLA is a significant achievement and demonstrates our commitment to delivering products which increase access in areas of substantial medical need. This BLA expands our oncology portfolio, an area of increasing focus for Lupin. We look forward to the opportunity to bring affordable biologic options to patients and increasing access to this important treatment.”