News

In an alarm to Android users almost 85 million devices running on Google’s mobile operating system have got infected by a malware called HummingBad. According to CheckPoint, majority of the HummingBad victims are in India and China. The malware affects most almost all Android OS versions, however, the most affected are devices running on Android KitKat and Android Jelly Bean. According to the Times of India report, the HummingBad malware is a “drive-by download attack” that users face when they visit certain websites. It includes two components: First component tries to gain root...

Intex Technologies business head Sanjay Kalirona has served a resignation. According to the report, Kalirona resigned late last week and will leave the company by mid of this month. Kalirona joins the list of a slew of senior executives stepping down from the number 3 smartphone player in the country. According to sources, Kalirona would be joining another local yet lesser known rival, Zen Mobiles, as chief operating officer. Both Intex Technologies and Zen Mobiles didn’t respond to emailed queries, while Kalirona declined to comment on his move. Kalirona is an...

The initial public offering (IPO) of India’s sixth largest IT firm Larsen & Toubro (L&T) Infotech Limited will open from July 11 as its parent company L&T is putting 1.75 crore shares on the block at a price band of INR 705-INR 710 for each equity share of face value of INR 1. The total offer size is INR 1,233-INR 1,242 crore at the respective ends of the price band. The company with a topline of $887 million in FY16 plans to to double its revenues in the next three to four...

Former Microsoft veteran Karan Bajwa is set to join enterprise IT major IBM. Karan Bajwa, the former managing director of Microsoft, stepped down from the company in June this year. The appointment of Bajwa is expected to boost sale of IBM products and solutions in India. Bajwa tweeted that he is a reborn IBMer. “Starting my second innings at IBM, a company that earlier taught me the first principles of business”, he tweeted on 4th June. According to the report published in BusinessLine, Karan Bajwa would be the second in command reporting to...

US-based Modulus Financial Engineering Inc has accused 63 Moons TechnologiesLtd of copyright violations. The company has filed a suit against 63 Moons Technologies at the Bombay High Court alleging infringement of copyright of its software, a charge denied by the latter. According to the PTI report published in Economic Times, 63 Moons Technologies said it has received a copy of notice of motion and suit filed by Modulus alleging infringement of copyright of its software with reference to the license agreement entered into with them since 2008, a BSE communique said here....

Apple is already a king in the consumer electronics spaces and has now emerged as the most preferred gadget in the enterprise space. A new survey has revealed Apple’s growing role in the enterprise segment. According to the survey, Apple devices are still top choices for enterprise as the device offers better security than the competition. The survey however pointed that Samsung, Blackberry and Microsoft are also witnessed a rapid adoption among enterprises. According to Tech Pro Research survey, 51 percent respondents rated Apple as the excellent or very good device...

NetApp has ranked at the second position in worldwide all flash array market. According to the IDC Q1 2016 Worldwide Quarterly Enterprise Storage Systems Tracker, NetApp moved to number 2 from number 4 in the tracker quarter over quarter, with 22.8 percent revenue market share, ahead of Pure, HPE, and IBM. As Per IDC, NetApp all flash array revenue grew 238.2 percent year over year, 2.7 times faster than the market growth of 87.4 percent year over year. Its all flash array business has grown to an annual net revenue run rate...

Panasonic just created a new $10 million budget for its new corporate shopping list in the areas of Artificial Intelligence (AI) and Machine Learning Technologies (MLT). The Japanese technology giant is looking at these two streams as the future beacon of change and development, for its handset business unit which currently faces an immensely competitive market in the country. The $10 million budget has been set aside for either creating joint-ventures with other enterprises, or perhaps even acquiring a few smaller ones. Pankaj Rana, Panasonic’s head of mobility division in...

Moglix, a e-commerce company specializing in B2B procurement of industrial products, has announced its entry into “SAP Startup Studio”, the 12-month accelerator program launched by SAP Labs India. SAP Labs is establishing a dedicated program to drive entrepreneurship in India and Moglix will receive mentorship, access to technology, infrastructure, and business consulting from SAP Startup Studio. With SAP’s strong market share in the manufacturing sector in the country and Moglix’s focus on bringing technology and commerce together, the accelerator program will enable Moglix boost its B2B e-commerce disruption in India...

NEC Corporation and NEC Technologies India Private Limited (NTI) announced the establishment of the “OSS Technology Centre,” an organization specializing in technical support related to the use of open source software (OSS). The new organization began operations on July 1 with approximately 50 staff members based out of NTI, consisting of experienced OSS engineers who are well-versed in OSS solution architecture, as well as essential software development and support capabilities. The OSS Technology Centre aims to strengthen the organizational structure for supporting global enterprises in building systems based on OSS,...