Majesco USA, the Insurance arm and a subsidiary of Majesco, has launched two new solutions, Majesco Enterprise Data Model and Majesco Enterprise Data Warehouse. These solutions along with Majesco Data Services and Majesco Business Analytics, provide a framework and assets to create a path for insurers to accelerate their data mastery maturity to achieve business differentiation and optimization through data.
Persistent Systems has entered into an agreement with USAA, a Fortune 500 financial service provider, for development rights to a number of patented innovations currently in use by USAA related to security in financial services. Through this agreement, the company will extend these technologies and address a growing market opportunity for digital security products and solutions in the financial service industry. Persistent Systems is a global company specializing in software product and technology services.
Prism Cement has successfully bid for 18,300 tonnes per annum (TPA) of coal from South Eastern Coalfields, a subsidiary of Coal India (CIL), in a recently held auction of coal linkages for the cement industry. The company has secured part fuel requirement for the next 5 years. This allocation by CIL has been made at a nominal premium over the floor price. This, along with the earlier coal linkage of 120,000 tonnes per annum, constitutes about 25 percent of the company’s annual fuel requirement.
MIC Electronics has been granted a patent by the Controller General of Patents, Designs & Trademarks, Intellectual Property of India, for an invention entitled ‘A LED TV display system’ for a period of 20 years commencing from September 04, 2009. Last year in December, the company had been granted a patent by the Controller General of Patents, Designs & Trademarks, Intellectual Property of India, for an invention entitled Solar Rechargeable Led Lantern for a period of 20 years commencing from 25th day of August, 2008.
Thomas Cook (India) in a strategic initiative to expand India’s travel market, has conceptualized a unique annual property, ‘The Grand Indian Holiday Sale’, carefully timed to coincide with the peak booking window for summer vacations- India’s largest holiday season. This intense 10 day sale offers India’s travellers a range of attractive deals and discounts on both domestic and international bookings, covering flights, hotels and holiday packages.
D-Link Corp, a global leader in connectivity for home, enterprise, and service providers, and TeamF1 Networks (TeamF1), a subsidiary of D-Link India and a leader in embedded networking and security software solutions for wired and wireless applications, have announced their partnership in delivering mydlink Business, a cloud-based device management platform featuring ease, value, and scalability for small and medium-sized businesses (SMB). The business cloud platform is specifically designed to suit the operation and workflow models of system integrators (SI), value-added resellers (VAR), and telcos/ISPs.
Bharat Financial Inclusion has issued Commercial Papers of an aggregate amount of Rs 250 crore on February 28, 2017, which have been rated 'A1+' by a leading rating agency. The aggregate amount of Commercial Papers outstanding as on date is Rs 745 crore. Instruments with the aforesaid rating are considered to have a very strong degree of safety regarding timely payment of financial obligations. Such instruments carry the lowest credit risk.