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Tech Mahindra sets up centre to showcase smart manufacturing

Tech Mahindra sets up centre to showcase smart manufacturing
outlookindia.com
1970-01-01T05:30:00+0530

New Delhi, Mar 7 (PTI) IT firm Tech Mahindra has set up a lab to showcase assets and solutions in areas of digital manufacturing, connected machines, robotics and automation as well as artificial intelligence and analytics.

No financial details were disclosed.

Tech Mahindra has taken the lead position by setting up a state-of-the-art lab which works on technologies that are expected to power the future factory floors, it said in a statement.

The lab will demonstrate solutions and products built in association with many software and hardware vendors, it added.

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Cyient completes acquisition of CERTON Software Inc *IT firm Cyient today said it has completed the acquisition of CERTON Software that will strengthen its business by adding model-based systems engineering tools and test automation capabilities.

Based in US, CERTON has a core team of around 45 people and its solutions cater primarily to aerospace and defence industries as well as medical and transportation sectors.

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Housing Bank Algeria selects Infosys Finacle to power ops *The Housing Bank has selected Infosys' Finacle suite of solutions to power its operations in Algeria.

The bank has chosen to deploy the Finacle Core Banking, Trade Finance and Internet Banking solutions and will also deploy the Finacle Islamic Banking solution for its Shariah banking product, Infosys said in a statement.

No financial details were disclosed.

With Finacle, Housing Bank will will be able to accelerate growth, manage scale, drive innovation and achieve significant jump in operational efficiencies, it said.

The solution will enable the bank to offer targeted and customised offerings to its customers, it added. (MORE)

*Easter Egg, a blockchain-enabled, global gifting platform has raised its initial round of funding from Singapore's Wealthy Ideas.

"It's overwhelming the way people have taken to Easter Egg App in Bengaluru, Pune and Singapore. This funding will help us take the products to other geographies as well," Easter Egg Co-Founder and CEO Sandeep Sangli said.

The funds will also be used for hiring new talent, he added.

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PeeBuddy raises Rs 2.96 cr from Indian Angel Network *Delhi-based start-up First Step Digital has secured Rs 2.96 crore pre-series A funding from the Indian Angel Network (IAN).

Sanjay Mehta, Ishan Singh and Vikas Kuthiala have led this round of investment on behalf of IAN, it said in a statement.

The company offers a range of women's hygiene and wellness products, including PeeBuddy and Sirona range.

"Our intent is to assist women to travel, live and operate better. We started with PeeBuddy and have received a great response from women across all walks of life," First Step Digital Founder Deep Bajaj said.

The funding and support by IAN will help expand footprint across the country and create a stronger team across verticals, he added.

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Silicon Power appoints Ajay Kogta to lead India operations *Silicon Power, a memory storage solutions provider, has appointed Ajay Kogta to lead its India operations.

With the latest hire, the Taiwan-based company aims to build a sustainable sales and service operations in India, it said in a statement.

Kogta, who has over 11 years of experience, has worked for Kingston and Strontium.

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Samsung to distribute solar lanterns to 10,000 girl students *Samsung India will distribute 10,000 solar lanterns to girl students of government schools to support gender diversity and education.

The initiative is being taken up in partnership with CAF India, a not-for-profit organisation.

Samsung will reach out to girl students in government schools of Noida and Gurugram in Delhi-NCR and Sriperumbudur near Chennai, Samsung India said in a statement. (MORE)


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI

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