Free Trading + Demat + Mutual Fund + 0 AMC

Free Trading + Demat + Mutual Fund + 0 AMC
Click the image to open account

Sunday 15 August 2021

Company Updates 12.8.21 to 15.8.21

Zensar expands its City of San Diego relationship by winning a Multi-Year Contract

Zensar Technologies, a leading experience engineering and technology solutions company, announced it has signed a four year, multi-million-dollar contract with the City of San Diego for Workplace and Enterprise Compute Manage IT Services. The contract has the option of extension of two additional two-year terms with the total not to exceed the value of $122 million.

“We are delighted the City of San Diego has selected Zensar as its provider for Enterprise Compute Services and Workplace Services,” said Ajay S. Bhutoria, CEO and Managing Director of Zensar. “Zensar firmly believes that technology should primarily serve human needs, and has invested in bringing together the human experience, engineering, data and cloud to deliver solutions which power smart cities and high-velocity enterprises. We are proud of our continuing partnership with one of the most forward-looking cities in America.”

“This new agreement expands our successful partnership with City which started in 2018, bringing in exceptional value and cost benefits to the City’s constituents,” said Harjott Atrii, Executive Vice President and Head, Digital Foundation Services and Hi-Tech and Manufacturing. “We believe the City will be able to modernize its core systems, accelerating with higher velocity to becoming the leading Smart City of the future. Zensar’s best in class “Smart City” framework will drive a Cloud-First strategy and the adoption of AI enabled autonomics tools, while delivering a unique and secure user experience to the City’s constituents.” 

“The partnership with Zensar will ensure the City of San Diego is transparent and accountable in its IT platform while enhancing security – all at a lower cost for taxpayers,” said Mayor Todd Gloria. “This agreement is a key step toward supporting, modernizing, and enhancing our ever-growing portfolio of digitized services. We look forward to working with Zensar on several new projects to help enhance and improve the City’s Data Center as well as ensure that all of the 11,000-plus city employees have the right tools to do their jobs more efficiently and effectively.”

“Zensar’s proposed Next-Gen integrated Enterprise Compute solution and human centric integrated workplace solution will enable the City of San Diego to achieve its Smart City goals. We have also partnered with Small Local Business Enterprises/Emerging Local Business Enterprises in the region to help develop small businesses in the local community,” said Nishit Verma, Vice-President, Digital Foundation Services, North America.

Zensar has been recognized by industry analysts for its capabilities and successful implementations in the areas of Workplace, Data Center and Cloud services. Zensar delivers end-to-end, integrated solutions for IT Infrastructure services for clients whose requirements and objectives are very similar to that of the City of San Diego

As part of its Corporate Social Responsibility initiative, Zensar will be supporting science, technology, engineering and mathematics (STEM) education for youth by investing in programs in the San Diego region. Zensar will also be expanding our support of STEM in San Diego by offering mentorships, paid internships for students from communities of concern, participating in career fairs, conducting public speaking engagements, and investing further in educational opportunities. 

The new scope of agreement for Enterprise Compute (EC) Services will provide:

• Support for over 1,000 city servers and associated storage and software that host over 300 city application systems

• New public cloud support that will provide many new services such as improved technology that supports departmental customer call centers, disaster recovery capabilities, and data storage, with improved capability to host new applications quickly and securely

• The new agreement for workplace services (WP) will provide: 

o Service Desk Services to provide a central contact point for all IT services for nearly 5,000 service desk calls each month

o End user device support for over 18,000 desktops, laptops, and printers

o Enhanced Mobile device support for about 6,000 city-owned devices and employee-owned devices that have been critical during the pandemic

RDIF and Wockhardt partner to produce Sputnik V and Sputnik Light vaccines against COVID-19

The Russian Direct Investment Fund (RDIF, Russia’s sovereign wealth fund), and Wockhardt Limited, a global pharmaceutical company headquartered in India, have partnered to produce and supply Sputnik V and Sputnik Light vaccines against COVID-19. The agreement was reached under the aegis of Enso Healthcare (part of Enso Group), RDIF's coordination partner for sourcing Sputnik V vaccines in India.

To date, the Sputnik V vaccine has been registered in 69 countries globally with a total population of over 3.7 billion people. The data obtained by regulators of a number of countries during the vaccination of the population, including Argentina, Serbia, Bahrain, Hungary, Mexico, San Marino, UAE and others, demonstrates that Sputnik V is one of the safest and most effective vaccines against coronavirus.

In particular, Sputnik V demonstrates 83.1% efficacy against the Delta variant of coronavirus - higher than many other vaccines. The vaccine shows 6 times reduction of infection risk. Sputnik V is also 94.4% effective against hospitalisations with 18 times reduction in hospitalisation risk.

Sputnik V is based on a proven and well-studied platform of human adenoviral vectors and uses two different vectors for the two shots in a course of vaccination, providing immunity with a longer duration than vaccines using the same delivery mechanism for both shots

Sputnik Light is the first component of Sputnik V and is based on human adenovirus serotype 26. 

Dr. Habil Khorakiwala, Founder Chairman of Wockhardt Group, said: “We are delighted to partner with RDIF to make a substantial contribution towards providing global supply of the Sputnik V and Sputnik Light vaccines which is one of the most efficacious approved vaccines commercially available. The arrangement upholds our ongoing commitment to fight against such a pandemic of global human importance.”  

Vinay Maloo, Chairman of Enso Healthcare, said: “It is our privilege to partner with RDIF and Wockhardt to facilitate large scale manufacturing of Sputnik V and Sputnik Light vaccines. Vaccinations are the most visible solution to this pandemic. We are proud to be a part of this noble cause. Sputnik V is known to have high efficacy and has emerged as a trusted vaccine.”

TCS Wins Microsoft Business Applications Inner Circle Award for Delivering Customer Successes Using Dynamics 365

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting, and business solutions organization, has been named to the Microsoft Business Applications 2021/2022 Inner Circle, for the second consecutive year. This is based on TCS’ sales achievements that place it in the top echelons of Microsoft Business Applications’ global network of partners, resulting from the high standard of excellence in building innovative solutions that help customers achieve their growth and transformation objectives.

As the preferred growth and transformation partner to leading global enterprises, TCS helpsthem offer more personalized customer interactions, enhance employee experience, improve regulatory compliance, and accelerate innovation. Many of these solutions use Power Apps and Microsoft Dynamics, a cloud-based platform that brings together CRM and ERP capabilities into intelligent business applications for sales, marketing, service, finance, operations, commerce, HR, and more.

TCS has been consistently investing in research and innovation, and in building intellectual property to address industry-specific business problems and deliver speed-to-market. TCS’ Dynamics 365 offerings include Connected Consumer and Operations, NextGen Connected Field Services, and Resilient Supply Chain. Additionally, TCS’ Microsoft Business unit helps customers plan and execute legacy modernization, cloud migrations, and back to business programs. 

“In every industry around the world, companies have been faced with the challenge of accelerating their digital capabilities. Digital transformation of core business processes and the implementation of data-first product innovations are imperative to their success. Together Microsoft and TCS are strongly positioned to deliver transformative solutions on Dynamics 365 and the Power Platform that will empower our customers to achieve operational excellence,” said, Vahé Torossian, Corporate Vice President – Business Applications, Microsoft. “We are proud of the great work TCS has accomplished around the Microsoft Cloud and their recognition as an Inner Circle member is a true testament of their success.” 

“We are helping our clients achieve a sustainable competitive advantage and improve customer experience with bespoke solutions tailored to their unique business and technology context, leveraging our domain knowledge and deep expertise on Microsoft technologies. We are delighted to be recognized as an Inner Circle partner for Microsoft Business Applications once again,” said Siva Ganesan, Global Head, Microsoft Business Unit, TCS. 

TCS’ Microsoft Business Unit works with customers worldwide to accelerate their multi-horizon cloud transformation journeys. TCS uses its deep industry knowledge and large and growing global talent pool of Microsoft-certified consultants to help customers leverage the power of AI, automation and cloud to enhance customer experience, reimagine employee empowerment, optimize operations and spur innovation. 

TCS is a Microsoft Gold Partner and has successfully delivered over 350 Dynamics 365 engagements for more than 300 global customers. Recently it also won two 2021 Microsoft Partner of the Year Awards – Azure Intelligent Cloud in France and Dynamics 365 Field Service in the US.

TCS Named 2021 MongoDB Global System Integrator Partner of the Year 

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been named the MongoDB Global System Integrator Partner of the Year for its bold, innovative solutions that accelerate the growth and transformation journeys for businesses across industries.

TCS has been partnering with leading enterprises across the world in their application and data modernization initiatives as part of their multi-horizon cloud transformation journeys. It has been building innovative new applications that leverage the power of MongoDB’s flexible document model to easily manage large datasets of structured as well as unstructured data and derive insightsto enhance customer experience.

Enterprises embarking on digital transformation often find that their legacy systems of record, particularly monolithic mainframe systems, are inadequate to meet the increasing demands of volume, speed, and data diversity of their modern digital systems of engagement. Re-architecting and rewriting these applications can be time consuming, expensive, and risky. Consequently, they often prefer a tools-driven refactoring approach to intelligently automate code conversion. 

TCS MasterCraft™ TransformPlus automates the migration of legacy applications and databases to modern, cloud or on-premises architectures, and to SQL or non-relational databases such as MongoDB. TransformPlus extracts business logic from legacy mainframe systems as a convertible, document data model for deployment. This makes extraction faster, easier, and more economical, and reduces the risk that comes with rewriting legacy applications. This, along with MongoDB’s document data model platform, can help make development cycles up to 5 times faster. Businesses can drive innovation faster, cut costs by 70% or more, and reduce their risk at the same time. 

“We are pleased to recognize TCS as our Global System Integrator Partner of the Year,” said Alan Chhabra, Senior Vice President, Worldwide Partners, MongoDB. “We're working closely with TCS to radically simplify and accelerate our customers' journey to the cloud. TCS MasterCraft's intelligent automation is helping migrate enterprise-level mainframe applications to MongoDB's leading application data platform. Streamlining and protecting data, while also laying the foundation for future success." 

“TCS provides full scale modernization services to global enterprises, ranging from consulting and strategizing to execution. With the help of TCS MasterCraft products, TCS has industrialized multi-platform application development, as well as the end-to-end migration of application code and databases,” said Vijayalakshmi Gopal, Business Head, TCS MasterCraft. “Our partnership with MongoDB helps enterprises accelerate the modernization and migration of their mainframe workloads, resulting in innovative new systems, greater agility, enhanced customer experience and competitive differentiation.”

RELIANCE JIO CONCLUDES SPECTRUM TRADING AGREEMENT WITH BHARTI AIRTEL 

Reliance Jio Infocomm Ltd (“RJIL”) announced today that it has concluded the definitive Agreement entered with Bharti Airtel Limited for acquisition of right to use spectrum in the 800MHz band in Andhra Pradesh (2 x 3.75 MHz), Delhi (2 x 1.25 MHz) and Mumbai (2 x 2.5 MHz) circles through spectrum trading, which has been taken on record by DOT. 

RJIL has paid total consideration of Rs 1,183.3 crores (inclusive of taxes) to Bharti Airtel and has assumed deferred payment liability with net present value of Rs 469.3 crores. 

With this trading of right to use spectrum, RJIL will have 800 MHz band spectrum footprint of 2 x 15MHz in Mumbai circle and 2 x 10 MHz each in Andhra Pradesh and Delhi circles, thereby further enhancing network experience of its customers. 

Mahindra Launches It’s All New Global SUV The XUV700 starting from ₹ 11.99 Lakh

• Packing an unmissable presence, tough yet sophisticated experience, spirited performance, world class safety and sci-fi technology, the disruptive XUV700 is set to redefine the benchmarks.

• With several first and best in class features, its owners are set to experience a rush like never before!

• Announced prices for four variants in the 5 -seater manual transmission category: (prices are ex-showroom) o MX Gasol 

       o MX Gasoline - ₹ 11.99 Lakh o MX Diesel - ₹ 12.49 Lakh
       o AdrenoX AX3 Gasoline - ₹ 13.99 Lakh
       o AdrenoX AX5 Gasoline - ₹ 14.99 Lakh

• Pricing for the rest of the variants will be announced soon. 

Mahindra & Mahindra Ltd., today took the wraps off the all-new XUV700 (pronounced as XUV, 7 double ‘Oh’), marking a brand-new era for the company. Fittingly launched just hours ahead of the country’s 75th Independence Day, the XUV700 represents India’s rise as a confident, bold, global powerhouse that is set to take a leadership role on the world stage. The XUV700 comes with unmissable crafted looks, pleasing interiors and exceptional ride comfort. Bookings will begin before the festive season. The XUV700 will come in variants that include diesel and gasoline, manual and automatic options and with 5 and 7-Seater capacity. It will also be available in an optional All-Wheel-Drive (AWD) spec.

Speaking about Mahindra SUV focus and the unveil of XUV700, Dr. Anish Shah, MD & CEO, M&M Ltd. said, “It is sheer passion that drives our people to create advanced, adventure-ready vehicles, with an unmissable presence. We are ready to lead the core SUV segment with nine new exciting SUVs planned for launch by 2026. And our most ambitious addition, the XUV700, is throbbing and pulsating with technology, power and intelligence to let people explore the impossible.”

Indian Railway Finance Corporation Ltd. Net Profit for Q1 FY2022 grows by 68.42% on QoQ basis

Zydus Cadila receives final approval from USFDA for Mesalamine Extended-Release Capsules

Zydus Cadila has received final approval from the USFDA to market Mesalamine Extended-Release Capsules in the strength of 0.375 g, (US RLD: Apriso). Mesalamine Extended-Release capsules are indicated for the maintenance of remission of ulcerative colitis in adults. The drug will be manufactured at the group’s formulation manufacturing facility at the SEZ, Ahmedabad.

The group now has 320 approvals and has so far filed over 400 ANDAs since the commencement of the filing process in FY 2003-04 

Airtel and Jio conclude spectrum trading agreement

Bharti Airtel (“Airtel”) today announced the closure of its agreement with Reliance Jio Infocomm (“Jio”) to transfer the ‘Right to Use’ of Airtel’s 800 MHz spectrum in three circles to Jio.

Airtel has received Rs. 1004.8 crores (net of tax) from Jio for the proposed transfer. In addition, Jio will assume future liabilities of Rs. 469.3 crores relating to the spectrum. 

Amara Raja Batteries reports 99.61% jump in profit before tax in Q1 of FY22; Founder-Chairman Dr. Ramachandra N Galla retires today after 36 years of service;