CHANNEL NEWS

WAAREE, one of India’s largest Solar Panel manufacturers, has entered into an Agreement with SBI for availing unsecured financing for solar projects through Surya Shakti Solar Finance Scheme and providing working capital for Channel Partners under EDFS (Electronic dealer finance scheme). WAAREE seeks to leverage over 500 Cr of a credit line through the Surya Shakti Solar Finance Scheme and …

Broadcom Inc estimated fourth-quarter revenue above projections, citing solid demand from digital industries to help it weather a likely chip industry slowdown. Shares of the business surged 2.4 percent to $503 in extended trade after third-quarter results also above expectations. Hock Tan, Chief Executive Officer said in a statement that from their perspective, infrastructure demand remains strong. Companies are rapidly …

Capillary Technologies has announced its strategic partnership with KPMG in India for loyalty and customer engagement solutions. The alliance will comprise a qualified and trained team of KPMG consultants focused on offering AI-based cloud native loyalty and customer engagement solutions to enterprises. Brands are looking for innovative methods to communicate and engage with customers in an ever-changing world by knowing …

Tech Mahindra has announced a strategic partnership with Tada Cognitive Solutions (TADA), a next generation digital twin-enabled supply chain software provider headquartered in the US. With control tower implementations, the alliance will enable Tech Mahindra’s customers to develop real-time end-to-end visibility across the whole supply chain network and expedite their digital transformation journey. The collaborative offerings will enable manufacturers, consumer …

Floryo, a fresh & customizable, value-added staples brand, has raised $2Mn in Pre Series A round led by 3ONE4 Capital. The new-age D2C brand also saw participation from prominent investors like Vivek Gupta & Abhay Hanjura (Founder Licious), Kunal Shal (Founder Cred), Aman Gupta & Sameer Mehta (Founder Boat), Varun Alagh (Founder Mamaearth), Rishi Vasudev (Founder G.O.AT Brandlabs), Vijay Arisetti …

Rakuten India has announced the formal opening of their new office Rakuten – Crimson House Bengaluru in the city. The Product, Engineering, and Advanced Research facility expand the company’s global technology footprint by focusing on developing and delivering a wide range of cross-industry deep technology solutions to help customers and partners drive digital transformation and innovation. Rakuten – Crimson House …

Hewlett Packard Enterprise has announced that Steel Authority of India Limited (SAIL), one of the country’s largest steel producers, has selected the HPE GreenLake edge-to-cloud platform for its Bokaro Steel Plant (BSL) to modernize its critical SAP environment, accelerate its digital transformation agenda and reduce its environmental footprint. SAIL is an Indian government-owned steel company, and its Bokaro Steel Plant …

According to the latest data from International Data Corporation’s (IDC) Worldwide Quarterly Hardcopy Peripherals Tracker, India’s Print market shipped 0.84 million units in 2Q22 (Apr-Jun), up 20.5 percent year on year (YoY) but down 16.7 percent quarter on quarter (QoQ). The print market includes inkjet printers, laser A3/A4 printers and copiers, serial dot matrix printers, and line printers. Following improved …

Fortinet has announced the appointment of Vivek Srivastava as Country Manager for Fortinet in India and the SAARC region, while Rajesh Maurya has been promoted to Vice President for GSI Alliances, India, Southeast Asia, and ANZ. Vivek Srivastava has over two decades of experience in sales, business management, strategy and planning, growth ecosystem development, portfolio management, and team development. He …

According to new data from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker, the India traditional PC market, which includes desktops, notebooks, and workstations, delivered another strong quarter (Apr-Jun 2022), shipping over 3.7 million units with a year-over-year (YoY) growth of 17.8 percent. The government segment performed well due to spillover orders from the previous quarter, but …