CHANNEL NEWS

Hewlett Packard Enterprise (HPE) showcased edge-to-cloud innovation at HPE Discover More Mumbai, a local edition of its annual flagship event. With the theme “Modernize Your Business, Edge to Cloud,” the event highlighted trends from previous announcements in HPE Discover Las Vegas 2023 and HPE Discover Barcelona 2023. Focused on sustainability, artificial intelligence (AI), and hybrid cloud solutions, the event gathered …

In the latest financial report for Q3 FY 2023-24, Sify Technologies showcased both triumphs and challenges. Despite a 3% decrease in revenue compared to the same quarter last year, the company experienced a commendable 4% increase in EBITDA. However, losses before and after tax were incurred, primarily due to higher depreciation and interest costs, contrasting with a net profit in …

World Wide Technology, a formidable $20 billion IT giant, is at the forefront of assisting global clients in developing and implementing artificial intelligence solutions. Jim Kavanaugh, the CEO who has led the company for over 30 years, emphasizes the revolutionary impact he believes AI will have on mankind. The rapidly evolving AI landscape presents both customer opportunities and challenges, as …

This collaboration is a key component of Cognizant’s internal innovation initiative, Bluebolt, aiming to boost creativity and problem-solving capabilities among its diverse teams. The Innovation Assistant, positioned at the core of Bluebolt, enables Cognizant employees worldwide to actively participate in the innovation process, utilizing generative AI for idea generation and implementation. Ravi Kumar S, Cognizant’s CEO, sees the Innovation Assistant …

Kyndryl, the largest global IT infrastructure services provider, has entered into a partnership with Canara Bank, a prominent public sector bank in India. The collaboration aims to optimize Canara Bank’s business services, streamline operations, and modernize its IT infrastructure. As the trusted IT partner for Canara Bank, Kyndryl will enhance the bank’s end-to-end IT operations, covering core banking, IT infrastructure, …

Seagate has reached a significant milestone with its 30TB+ hard drives, marking a pivotal moment in the storage industry. The Mozaic 3+ platform, powered by Heat-Assisted Magnetic Recording (HAMR) technology, achieves unprecedented areal densities of 3TB+ per platter, with plans for 4TB+ and 5TB+ in the future. Seagate’s Exos® product family, utilizing the Mozaic 3+ platform, now offers industry-leading capacities …

Vedanta Aluminium has renewed its commitment to empowering the youth of India through various avenues for progress. On National Youth Day, the company reiterated its dedication to supporting the advancement of young individuals in diverse fields. Vedanta Aluminium, as India’s largest aluminium producer, is implementing a two-pronged approach to create extensive employment opportunities and empower youth from local communities through …

TCS, the country’s largest IT services exporter, plans to provide training on Generative Artificial Intelligence (Gen AI) to its entire workforce of over 500,000 software engineers, according to a senior official. Gen AI is currently in its early stages as a business opportunity, with smaller use cases, as indicated by Siva Ganesan, the head of TCS’s ‘AI.Cloud’ unit. The company …

Pan-India financial services platform DMI Group has acquired the troubled ‘buy now pay later’ (BNPL) startup ZestMoney in a distressed sale deal. The acquisition follows the shutdown of Bengaluru-based ZestMoney over a month ago, marked by unsuccessful attempts to revive its business under new management amidst regulatory uncertainty. DMI Group, backed by over $1.5 billion in equity investment from global …

Veeam Software has introduced updates to its ProPartner Network program, aiming to support global partners in leveraging the growing adoption of Veeam technology. The goal is to help companies enhance their resilience against increasing cyber threats and disruptions. The program enhancements prioritize partner profitability, ensuring secure business engagement with Veeam. The expanded network, consisting of 35,000 technology partners across 150 …