HCL Technologies posted 25.34 Billion Rupees as Net Profit in Q2 of 2018-19. Revenues in Q2 is 148.60 billion rupees. Quarter on Quarter jump in Net Profit is 14.8 Percent and Revenues jump by 19.5 Percentage.
Government of India had proposed to merge Bank of Baroda, Vijaya Bank and Dena Bank. As part of it Dena Bank board meeting was held on Sep-24-2018. Dena Bank board has given its approval to merge with Bank of Baroda.
Infosys Acquired Fluido which is SalesForce Advisor and Consulting firm for 65 Million Euros (Approximately 75 Million USD). Fluido is the leading Salesforce consulting partner in the Nordics. In 8 years Fluido has grown to become the leading Salesforce partner in the Nordics employing over 200 experts and serving over 300 customers.
SalesForce is one of World's largest CRM available on Cloud. Fluido company has expertise in Salesforce Related Services, Solutions, Training. Acquisition Helps Infosys to gain global expansion in Nordics and also additional technical expertise in SalesForce related Services.
UBS has its own centers in Hyderabad, Mumbai and Pune. UBS presence in India has increased recently. UBS is client of many India Software and IT Companies currently.
U.S. tech giants plan to fight India's data localisation plans. In my opinion it is wrong decision from India Government. India Government should emphasize on how much data is secured and not where the data is. How it matter where the data is there as far as it is secured? Second is accessibility to data if it is not in India during Investigations will there be any issues. Yes this point should be addressed and can eaily be addressed. Technically solutions can be built and additional conditions can be imposed which makes Win-Win situation for India Government and big leaders like Amazon, Microsoft, Visa and other companies by considering actual facts.
Amazon, Microsoft and couple of other Leaders Planning to invest heavily in India in Data Centers. Amazon has Data Center in Mumbai.
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