Sunday, Apr 30 2017 | Time 22:12 Hrs(IST)
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  • Prez poll: JD(U) trying to form anti-BJP front
  • Joshna is Asian champion, Max Lee takes men's title
  • Civilian injured in firing by gunmen in south Kashmir
  • Odisha Governor Jamir says if he asked to serve, he would
  • Union MoS Piyush Goyal to visit Nagaland tomorrow
  • Divyanga pension hiked to Rs 500 per month in UP
  • Cyclone and heavy rains predicted, alert issued for 13 districts in Bihar
  • 2 held, 40 semi-automatic pistols recovered
  • Nadal eases to 10th Barcelona Open title
  • Turkish President arrives, talks likely on trade, NSG membership
  • Assam Rifles nabs 2 NSCN-K cadres in Nagaland
  • Four injured in bomb explosion at the residence of JD(U) MP Kahkasha Praveen
  • Rains lash HP, Keylong receive fresh snowfall
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  • CPI plans a series of agitation in Bihar on land reforms and unemployment
Electronics & Gizmos Share

Idea-Vodafone announce merger; to be largest telecom player

Idea-Vodafone announce merger; to be largest telecom player

New Delhi, Mar 20 (UNI) Aditya Birla Group's company Idea Cellular today said its board has given approval for amalgamation with UK’s Vodafone India and its wholly-owned subsidiary Vodafone India Mobile Services. The merger will create country’s largest mobile phone company with about 400 million customers, 35 per cent customer market share and 41 per cent revenue market share. Once the amalgamation becomes effective, the entire business entities of Vodafone India Limited (VIL) and Vodafone India Mobile Services will vest in the company, except VIL’s investment in Indus Towers Limited, its international network and information technology platform, Idea said in a filing to Bombay Stock Exchange (BSE). Under the merger, Vodafone will own 45.1 per cent of the merged entity, after it transfers about 4.9 per cent to promoters of Idea and/or their affiliates for Rs 38.74 billion rupees, it added. Idea will have the sole right to appoint the chairman while Vodafone has right to appoint CFO of company. Shares in Idea rose as much as 14.25 per cent immediately after the merger news was reported but gave up gains to be trading up by 3.8 per cent. Vodafone and Idea began talks for a possible merger in late January this year. On amalgamation of VMSL becoming effective, the company shall issue shares of co to VIL equal to 47 per cent of post issue paid-up capital of co. Board of combined entity will be comprised of 12 directors including 3 directors appointed by each of Vodafone and Aditya Birla Group Promoters of both the companies will have right to nominate 3 directors each. Agreement contemplates completion of proposed amalgamation with a period of 24 months. UNI ASH SV ADG 1216

Infosys

Infosys launches integrated AI platform Nia

Bengaluru, Apr 27 (UNI) IT major Infosys today announced the launch of Infosys Nia, the next-generation Artificial Intelligence Platform building on the success of the Company’s first-generation AI platform, Infosys Mana, and its Robotic Process Automation (RPA) solution, AssistEdge, together, both these products have amassed 50+ clients and 150+ engagements across all industry sectors, within a year of operations.

Infosys

Infosys launches integrated AI platform Nia

Bengaluru, Apr 27 (UNI) IT major Infosys today announced the launch of Infosys Nia, the next-generation Artificial Intelligence Platform building on the success of the Company’s first-generation AI platform, Infosys Mana, and its Robotic Process Automation (RPA) solution, AssistEdge, together, both these products have amassed 50+ clients and 150+ engagements across all industry sectors, within a year of operations.

Express

Express Avenue launches mall greeter Robot 'EA BOT'

Chennai, Apr 22 (UNI) Leading shopping mall Express Avenue today launched “EA BOT”, a mall greeter Robot, which would engage and guide the customers in various ways.

Express

Express Avenue launches mall greeter Robot 'EA BOT'

Chennai, Apr 22 (UNI) Leading shopping mall Express Avenue today launched “EA BOT”, a mall greeter Robot, which would engage and guide the customers in various ways.

HTC

HTC announces VIVE product launch in India at Rs 92,990

New Delhi, Apr 21 (UNI) HTC Corporation (HTC) today announced the launch of its virtual reality system, HTC VIVE making it the first complete VR system available to customers in the Indian market, pricing at Rs 92,990.

HTC

HTC announces VIVE product launch in India at Rs 92,990

New Delhi, Apr 21 (UNI) HTC Corporation (HTC) today announced the launch of its virtual reality system, HTC VIVE making it the first complete VR system available to customers in the Indian market, pricing at Rs 92,990.

Workshop

Workshop on use of digital technology for women empowerment in Pune on Apr 23

Pune, Apr 19 (UNI) A daylong workshop on women empowerment through digital technology, organised by Sharda Shakti, a city-based organization working for the women, will be held here on April 23.

Workshop

Workshop on use of digital technology for women empowerment in Pune on Apr 23

Pune, Apr 19 (UNI) A daylong workshop on women empowerment through digital technology, organised by Sharda Shakti, a city-based organization working for the women, will be held here on April 23.

Workshop

Workshop on use of digital technology for women empowerment in Pune on Apr 23

Pune, Apr 19 (UNI) A daylong workshop on women empowerment through digital technology, organised by Sharda Shakti, a city-based organization working for the women, will be held here on April 23.

IndusInd

IndusInd Bank launches one stop portal for all foreign exchange needs

New Delhi, Apr 18 (UNI) IndusInd Bank has launched a one-stop portal for all foreign exchange needs of Indian consumers.

eShopbox launches new e-commerce software for manufacturers

eShopbox launches new e-commerce software for manufacturers

New Delhi, Oct 29 (UNI) E-retail Solution Provider startup eShopbox has come up with a new e-commerce software which helps the manufacturers to easily check the number of orders, which online shopping sites is selling their maximum products, number of orders served by a particular portal, turnovers per month, returns, average discounts, etc.

Infosys launches integrated AI platform Nia

Infosys launches integrated AI platform Nia

Bengaluru, Apr 27 (UNI) IT major Infosys today announced the launch of Infosys Nia, the next-generation Artificial Intelligence Platform building on the success of the Company’s first-generation AI platform, Infosys Mana, and its Robotic Process Automation (RPA) solution, AssistEdge, together, both these products have amassed 50+ clients and 150+ engagements across all industry sectors, within a year of operations.

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