CHANNEL NEWS

Mphasis, a mid-tier IT services firm, has reported a modest 2.1% rise in net profit for the first quarter, reaching Rs 404 crore. According to CEO Nitin Rakesh, a significant portion of the company’s current deal pipeline—about one-third—is driven by artificial intelligence. In the quarter ending June 30, Mphasis saw its revenue from operations climb by 0.2% sequentially and 4.6% …

Infosys McCamish Systems LLC (IMS) is now facing its fourth class action lawsuit related to a 2023 data breach, according to a filing with the U.S. Securities and Exchange Commission. This latest complaint, filed on July 8, 2024, in the U.S. District Court for the Northern District of Georgia, follows three previous suits since the breach exposed personal data of …

Bangalore, India, July 25, 2024 – Lenovo (HKSC: 992) has launched the second edition of its ‘Smarter Data Management Playbook,’ based on insights from over 550 CIOs and IT decision-makers across Asia Pacific, including more than 100 in India. Commissioned by Lenovo and conducted by IDC, the report focuses on crucial aspects of AI data management for 2024, covering data …

The Association of System Integrators and Retailers in Technology (ASIRT) is set to host the much awaited Synergy Biz Conclave 2024. Scheduled on August 2-3, 2024 at the Treat Resort in Gholvad, Maharashtra, this event is designed for the CEOs of IT Channel organizations, offering an unparalleled opportunity for insight and networking. As the third edition of the conclave, Synergy …

Milestone Systems has funded an acclaimed research initiative at The University of Aalborg, Denmark, recognized for its contributions to Harbor Safety Technology. This collaboration has recently received the prestigious Danish Spar Nord Foundation Research Award for its innovative use of Artificial Intelligence (AI) in thermal cameras to detect fatal accidents in harbors. The project, conducted in Aalborg Harbor, leverages Milestone …

Amit Singh   Finance Minister Nirmala Sitharaman has introduced several initiatives to support the Micro, Small, and Medium Enterprises (MSME) sector. One of the key measures is the enhancement of the loan limit under the government’s Mudra scheme, which has been increased from Rs 10 lakh to Rs 20 lakh, thereby improving credit access for micro enterprises. According to the …

SonicWall has announced the launch of its Cloud Secure Edge (CSE), a new Zero Trust Network Access (ZTNA) solution tailored for Managed Service Providers (MSPs). This development integrates SonicWall’s expertise in small and medium enterprise (SME) network security with industry-leading Security Service Edge (SSE) solutions to offer a comprehensive, cloud-delivered ZTNA platform. The CSE platform, designed to support the growing …

Sify has released its Consolidated Financial Results for Q1 FY 2024-25, indicating revenues of INR 9,421 million and an EBITDA of INR 1,784 million. The period saw a loss of INR 105 million. Key Highlights: – Revenue increased by 10% year-over-year to INR 9,421 million. – EBITDA grew by 3% year-over-year to INR 1,784 million. – Loss before tax stood …

Cummins Group in India (“Cummins India”), a prominent provider of power solutions technology, has inaugurated its inaugural IT Global Competency Center (GCC) at its India Office Campus in Balewadi, Pune, Maharashtra. The center, unveiled by Earl Newsome, Vice President and Chief Information Officer of Cummins Inc., along with Annapurna Vishwanathan, Chief Information Officer of Cummins India, and senior officials, marks …

Bangalore, India – July 19, 2024 – Netskope, a leader in secure access service edge (SASE), has announced an integration with OpenAI’s ChatGPT Enterprise Compliance API aimed at enhancing security and compliance for enterprise customers utilizing generative AI (genAI) applications. This collaboration extends advanced API controls through the Netskope One platform, offering robust security features such as application visibility, policy …