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Infosys faces another lawsuit in US
"The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Infosys Ltd for violations of sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the US Securities and Exchange Commission," a statement said.

Tech Mahindra wins Rs 500 crore Smart City Project from Pimpri Chinchwad Municipal Corporation
As part of the project, Tech Mahindra will provide ICT (Information and Communication Tehcnology) infrastructure, comprising of technological solutions including city network, smart water, smart sewerage, smart traffic, smart parking, smart environment, CCTV surveillance, data center and disaster recovery center etc.

GoFrugal eyes Rs 500 crore revenue mark in five year
The products included RetailEasy for retail businesses, ServeEasy for restaurant businesses and ManageEasy for distribution businesses. Kumar Rajagopalan, CEO of Retailers Association of India launched the company’s experiential digital store using AI and ML for the traditional retail industry.

Artificial intelligence expert Vishal Sikka joins Oracle's Board of Directors
Sikka, 52, is among the world's leading experts in Artificial Intelligence (AI), Machine Learning and would be helping Oracle in the business value and adapt to change, the company based in Redwood Shores, California, said in a statement.

C-Suite discussion can help limit data hoarding: Diana Kelley, cybersecurity field CTO, Microsoft
"Very often by talking through what the impact (of data hoarding) can be, (and) by having very open conversations with business executives. The technical team for the most part understands this. It is now about having a conversation with the C-Suite and the boards, as they look at the overall business risk, because that is the job of the board."

BNY Mellon to expand work done out of India
A few of its technology initiatives are already led out of India, especially around digital transformation; bank planning local CoE too. Accounting is one such area where Panicker expects its Indian operations to start doing more end-to-end work. The company relies on a mix of campus and lateral hires, focusing on training existing employees on new skills.

Facebook to allow transfer of photos, videos to Google Photos
The world will see in the first half of year 2020, an option to transfer photos and videos from the social media network directly to other services, starting with Google Photos, said Facebook. The option will be available to users in Ireland. Data transfers will be encrypted with a password prompt before any transaction.

WWT to ramp up India presence
The $11 billion company has increased its headcount to 60 from 20 people a year ago and would continue to invest in its local operations, Matt Horner, SVP, Global Enterprise Sales, WWT said. The new centre will provide application development and testing services to other companies.

Tech Mahindra and Mahindra TEQO partner to create digital solutions for renewable energy industry
These solutions—created by leveraging next generation technologies like artificial intelligence, machine learning, augmented reality, virtual reality and industrial internet of things—will have the potential to decrease operating and maintenance costs by a fifth, Tech Mahindra told reporters on Thursday.

IT spend to touch $94 billion in 2020 on wings of software
According to Gartner, roughly $17.8 billion of the estimated $94 billion is considered spending in IT services and devices would be $35.4 billion. These two areas are expected to see a delay in discretionary spending or investment in digital transformation.

Manthan Software to acquire US-based RichRelevance
The Bengaluru-headquartered company which specialises in software applications for the retail industry and counts United Supermarkets, Pizza Hut, Helzberg Diamonds, Love’s, Alshaya, and Future Group as its clients.

Microsoft is teaching drones, robots and drills how to think like humans via software
Microsoft last year acquired a company called Bonsai that makes this kind of software, merged it with some work from its research arm — a group of Microsoft researchers wrote a paper on this idea back in 2017 — and is now expanding a software preview so more potential customers can test it.

You can build solutions on development platforms at TechGig competition
Fifth edition of coding competition, Geek Goddess, will be held on November 8 in Bengaluru. Geek Goddess 2019 will host six themes, based on technologies such as artificial intelligence (AI), machine learning (ML), robotic process automation (RPA) and cloud. This hackathon theme has got more than 4,403 registrations.

Stream engine: What goes on behind delivering content on OTT platforms
Behind the smooth content delivery on OTT platforms lies a superfast and smart technological production, starring encryption, cloud, compression, CDN & decoding. As Ali Hussein, CEO of Eros Now, puts it: “Amid content and marketing, tech is the underdog that ensures a sublime consumer experience.”

Manthan Software appoints Manoj Agarwal as COO
Agarwal, the former chief transformation officer of Future Group, has been tasked to develop and direct the company’s strategies and teams towards revenue and growth objectives, the Bengaluru-headquartered company said in a press release.

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