Company News

Polaris Software to pump Rs 100 crore for the setup of ‘Centre of Excellence’

Polaris Software to pump Rs 100 crore for the setup of ‘Centre of Excellence’Chennai-based Polaris Software Lab, a financial technology company, has plans to expand its operation to 40 countries over the next five years.

In addition, the company, in order to strengthen its insurance portfolio business has decided to set up a centre of excellence for insurance near Chennai, with an investment of around Rs 100 crore to develop new solutions and to service company’s insurance clients.

BT Group opens its first ever ‘BT Asia Pacific Security Operation Centre’ in India

BT Group opens its first ever ‘BT Asia Pacific Security Operation Centre’ in IndiaBT India, the Indian subsidiary of BT group, which is one of the world’s leading providers of communications solutions and services, has announced the opening of its first ever BT Asia Pacific Security Operations centre (SOC) in India.  

The centre which is located in a BT dedicated building at Noida, will provide security device management services involving critical customer components including firewalls, intrusion detection devices and Bluecoat Proxy devices used for securing networked-IT environments.

Panasonic brings about a change in its creative and media agencies

Panasonic VieraAfter a recent change in the creative and media agencies of the consumer, business and industrial electronic goods bigwig Panasonic, Percept's IBD has been handed over the Viera - LCD and plasma TV range - and Lumix businesses including Limux camera range; while Percept's media agency, Allied Media, has bagged the company's media buying mandate.

Tata-owned Jaguar may receive a 800-million pound refinancing loan

Jaguar Land RoverAccording to the Sunday Times, an 800-million pound refinancing loan for the Tata-owned Jaguar Land Rover (JLR) appears to be on the cards, given the "advanced talks" of the company with British ministers and a banking syndicate led by the Royal Bank of Scotland and Lloyds TSB.

The talks have been somewhat slow since November 2008, with officials being overwhelmed by "the size and power of the vast Tata business empire."

CVC instructs DoT to investigate “under-reporting” by Bharti Airtel

Central Vigilance CommissionWith Member of Parliament Ajay Chakraborty allegedly complaining against Bharti Airtel with regard to its revenue reporting on its national long distance license (NLD), the company has come under the scrutiny of the Central Vigilance Commission (CVC).

Chakraborty has alleged that the under-reporting, "anti competitive practice of Bharti Airtel in long distance carriage" may well have resulted in Rs 100 crore yearly losses to the government.

Microsoft fixes “temporary outage” of its MSN, Windows Live and Hotmail services

MicrosoftMicrosoft on Friday morning fixed its previous day glitch affecting its MSN, Windows Live and Hotmail services. The “temporary outage” caused widespread panic among users when their sign up was invalidated with their inboxes disappearing, and instructions for signing up a new e-mail account!  

Late Thursday night, Microsoft assured the users that their inboxes as well as e-mails were “safe,” and that the quandary resulted from an “incorrect message,” which apparently had been sent out during the company’s “routine maintenance” procedure.

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