CHANNEL NEWS

TCS is planning to increase its workforce in France by twofold in the next three years, anticipating significant business expansion in the European nation, as stated by a senior official on Thursday. Currently, TCS, the largest Indian IT services company, has 1,600 employees in France across four major centers. France is identified as one of the fastest-growing markets in Europe …

NETGEAR is addressing the growing demand for high-speed and reliable internet in smart homes by expanding its Wi-Fi device lineup. The company’s latest offerings, the Orbi RBK752 and RBK753 Wi-Fi 6 mesh systems, leverage the most advanced Wi-Fi technology to ensure robust connections throughout every room of a home. Designed for consumers seeking a balance between performance and affordability, these …

Newgen Software, a global provider of low-code platforms, has announced a strategic partnership with Finastra, a global financial software applications provider. The collaboration aims to enhance Newgen’s loan origination solutions and integrate them with Finastra’s LaserPro. Through API-driven integration, the partnership simplifies the creation of loan documents, covering various consumer collaterals, while minimizing manual effort by eliminating the need for …

Amazon India’s Local Shops program has spearheaded the digital transformation of over 10,000 local stores in Maharashtra, Gujarat, and Delhi, just ahead of the 75th Republic Day. This initiative promises a seamless shopping experience that combines the reliability of in-person shopping with the convenience of online platforms. Traditional markets, including Mumbai’s Zaveri Bazaar, Delhi’s Chandni Chowk, Sadar Bazaar, Lajpat Nagar, …

eBay is set to cut approximately 1,000 full-time employees, constituting a 9% reduction in its workforce, in line with a broader tech industry trend of downsizing in 2024. Despite the layoffs, eBay’s stock saw a 3% increase in extended trading. CEO Jamie Iannone communicated the decision in a letter, attributing it to the company’s expenses outpacing business growth. He also …

Eruditus, the Singapore-based edtech unicorn backed by SoftBank, is contemplating a reverse flip to relocate its domicile to India. The move is part of a trend where several foreign-domiciled Indian startups are returning to India, often in preparation for potential IPOs. Eruditus, valued at $3.2 billion and the second-largest edtech in India, has engaged with two Big Four firms and …

The University of Oxford has terminated its agreement with Tata Consultancy Services iON, citing “technical problems,” less than a year after appointing the company to oversee a portion of the university’s admission tests. According to university spokespersons, the decision to discontinue TCS iON’s involvement in delivering Oxford admissions tests was prompted by technical issues experienced by some candidates during this …

Seagate Technology Holdings plc, a global leader in mass-data storage solutions, has released its fifth annual Diversity, Equity, and Inclusion (DEI) Report, titled “Crafting an Inclusive Datasphere,” covering fiscal year 2023. The report highlights Seagate’s ongoing progress in Representation, Inclusion, Social impact, and Equity (RISE), showcasing increased global representation of women in leadership and the establishment of new employee-led resource …

Oracle has unveiled its Oracle Cloud Infrastructure (OCI) Generative AI service, marking a significant step towards facilitating widespread enterprise adoption of AI at scale. The fully managed service seamlessly incorporates large language models (LLMs) from Cohere and Meta Llama 2, catering to diverse business use cases. The OCI Generative AI service now boasts multilingual capabilities supporting over 100 languages, an …

Vertiv has unveiled the Vertiv NetSure IPE outdoor rectifier, designed to support the rapid deployment of 5G in challenging telecom locations. This compact and easy-to-deploy rectifier, featuring lithium-ion battery backup, addresses power loss concerns while powering radios on towers and rooftops. The NetSure™ IPE R48-2000C2 is globally available, catering to telecommunications infrastructure in mobile networks and proving ideal for 5G …