LTI Appoints Anil Rander As Its New Chief Financial Officer At Mumbai

* Anil Rander brings multifaceted financial leadership experience to the company

Larsen & Toubro Infotech (BSE: 540005, NSE: LTI), a global technology consulting and digital solutions company has appointed Anil Rander as its Chief Financial Officer. 

Anil is a seasoned finance leader with more than 27 years of multifaceted experience in driving business performance and growth. His expertise ranges across business and financial strategy formulation, fiscal management, corporate accounting, investor relations, pricing, risk management, internal audit and financial controls.

Sanjay Jalona, CEO & Managing Director, LTI, said “The role of CFO is evolving rapidly, and I am pleased to welcome Anil to our leadership team at this critical juncture in our journey. His financial leadership and business acumen will enable us to chart the next phase of growth for LTI. We remain committed to pushing industry benchmarks on business excellence.”

Anil joins LTI from Tech Mahindra where he was the Senior Vice President for Finance and Legal functions and Global Head of Finance for BPS. Before this role, Anil was with Hutchison Max Telecom Ltd where he looked after management accounting. His other stints have been with Alpic Finance and A.F. Ferguson & Co.

Anil is a Chartered Account, Cost Accountant and a Company Secretary. He has won multiple industry accolades for outstanding contributions during his illustrious career.  He will be based out of LTI’s headquarter in Mumbai, India.

About LTI:

LTI (NSE: LTI) is a global technology consulting and digital solutions Company helping more than 400 clients succeed in a converging world. With operations in 31 countries, we go the extra mile for our clients and accelerate their digital transformation with LTI’s Mosaic platform enabling their mobile, social, analytics, IoT and cloud journeys. Founded in 1997 as a subsidiary of Larsen & Toubro Limited, our unique heritage gives us unrivalled real-world expertise to solve the most complex challenges of enterprises across all industries. Each day, our team of more than 33,000 LTItes enable our clients to improve the effectiveness of their business and technology operations and deliver value to their customers, employees and shareholders. Follow us at @LTI_Global. 

Aspire Systems Wins Global Business Excellence Awards For Outstanding Employer 2021

Aspire Systems, a global technology services firm, has won the Global Business Excellence Award 2021 in the Outstanding Employer category. The award aims to celebrate organizations that put people first and empower employees with their stellar people practices. The award is the second significant win for the organization in recent times. Aspire Systems also won the prestigious 11th CII National HR Excellence Award 2020-21 in the Strong Commitment to HR Excellence category. 

Aspire Systems, a Great Place to Work® certified organization, has always focused on crafting best-in-class HR strategies and initiatives that inspire and motivate Aspirians to grow as individuals and contribute to the success of the business in the long term.  

Mr. Dinesh Kumar TK, VP Human Resources, Aspire Systems, said, “This award is a recognition of our people-centric culture and our efforts in providing an environment that promotes work-life balance, diversity, and continuous learning, and fosters a spirit of innovation. We would like to thank each and every Aspirian for their hard work and dedication which makes such awards possible.” 

The Global Business Excellence Awards are one of the world’s highest profile awards. Due to their high profile, the Awards attract a wide range of entries from across the world, from large international PLCs and public sector organisations to dynamic and innovative SMEs. The winners are selected based on strict criteria for each category and sector; focussing on financial results, innovation, customer, employee, investor and community benefits. 

About Aspire Systems: 

Aspire Systems is a global technology services firm serving as a trusted technology partner for more than 200 customers across the globe. Aspire works with the world's most innovative enterprises and software product companies, helping them leverage technology to transform their business in the current digital landscape. Its proven approach to Software Engineering & Digital Technologies helps companies run smart business models. Aspire’s core philosophy of ‘Attention. Always.’ communicates its belief in lavishing care and attention to its customers and employees. The company currently has over 3200 employees, globally and is CMMI Level 3 certified. It operates across North America, LATAM, Europe, Middle East and Asia Pacific. Aspire Systems has been recognized for the 11th time in a row as one of the Top 100 ‘Best Companies to Work For’ by the Great Place to Work® Institute. 

Atlassian Plans To Recruit 300 R&D Engineers In India By 2022

* The company aims to hire 1000 employees globally as part of a major recruitment drive in 2021 

Atlassian Corporation Plc (NASDAQ: TEAM), a leading provider of team collaboration and productivity software and the maker of Jira, Confluence, Bitbucket and Trello, today announced it plans to hire over 1000 employees globally including 300 R&D engineers in India, over the next year as part of a major recruitment drive. 

The company will recruit a range of front-end and back-end engineers, with a major focus on R&D engineers in India. With nearly 700 employees at present, Atlassian’s R&D and customer support center at Bangalore is looking to further scale its operations. Being a true world-class R&D center, operational since 2018 and employing the smartest technical minds, it’s Atlassian’s fastest growing R&D site. 

The company is known for fostering a culture of openness & transparency and is a strong advocate on how the future of work will reshape workplaces, practices, and policies. It recently unveiled a host of benefits, employee-first policies, and resources to support the personal and professional growth of its employees globally. As part of this, the company offers five days paid foundation leave every year enabling all employees to volunteer at their preferred charity, giving them the opportunity to give back to the community. To tackle new remote ways of working accentuated by the pandemic, Atlassian is also providing all employees with an allowance of $US500 to enable an effective WFH environment, in addition to its existing perks and benefits. 

Dinesh Ajmera, Site Lead and Head of Engineering, Bengaluru, Atlassian said, “We have invested significantly in talent acquisition in India but the ongoing pandemic which has fuelled a sharp rise in team collaboration and productivity software, has added the need to bring in even more talent. Globally, we’ve welcomed just short of 500 new Atlassians in the last quarter, mostly in R&D roles. As we continue to invest in and drive durable long-term growth, we also intend to maintain our ambitious hiring goals for the remainder of 2021. Atlassian offers the opportunity for engineers, whether they are just starting out their career or are seasoned pros, to work in a company with a startup culture but one that also has the safety and security of a multinational behind them. We continue to be recognised as a “Best Place to Work” by Great Place to Work Institute in nearly every market where we have an employee presence.” 

“Despite the pandemic, our journey as a cloud-first company is off to a good start in fiscal 2021. We have a strong presence of ITSM/ITOps teams in Bangalore who are having a large impact globally. We launched Jira Service Management for IT teams, made significant progress on enterprise capabilities in the cloud, and announced a three-year migration path to the cloud for on-premise customers. These are important milestones against two long-standing goals: bringing a world-class cloud experience to customers of all sizes and delivering continuous innovation that streamlines their most important workflows,” he further added. 

Atlassian’s total customers rose by a record 11,617 net-new customers of all sizes, to 194,334 in the last quarter, up by 17.9% from a year ago. By serving IT teams, the company more than doubles their addressable opportunity in the technical teams’ market from 45M to 100M users.  

With respect to hiring, the Candidate Assessment Framework of Atlassian has enabled global consistency to the assessment and selection process for their candidates, interviewers and hiring managers' experience in the crafts they apply it to. It allows the interviewers to focus on potential of the employees and objectively evaluate the whole individual, aligning on values, experience, skills, and capabilities. 

About Atlassian 

Atlassian unleashes the potential of every team. Our team collaboration and productivity software helps teams organize, discuss, and complete shared work. Teams at more than 194,000 customers, across large and small organizations - including Bank of America, Redfin, NASA, Verizon, and Dropbox - use Atlassian’s project tracking, content creation and sharing, and service management products to work better together and deliver quality results on time. Learn more about our products, including Jira Software, Confluence, Jira Service Management, Trello, Bitbucket, and Jira Align at https://atlassian.com/. 

Infosys Records Steady Performance In Q4; In-Line FY22 Guidance

 ■    Infosys delivered a broadly in-line operating performance in Q4. Revenue growth was a tad softer, while EBITM came in slightly better than expectations. Revenues grew 2.8% QoQ to USD3.6bn (2% CC). Digital revenues rose 5.6%/38.6% QoQ/YoY to USD1.86bn.

■    Infosys guided for 12-14% YoY CC revenue growth for FY22, implying a 2.6-3.3% CQGR over Q1-Q4. The company guided for 22-24% EBITM, broadly in line with our estimates, factoring in the impact of wage hike (Jan'21 and Jul'21) and large deals' transition costs.

■    Large deal intake moderated sequentially but remained healthy at USD2.1bn in Q4 (52% new). Large deal TCV signed in FY21 was at an all-time high of ~USD14.1bn (+56.6% YoY) with net new deal wins of USD9.3bn (~2.7x YoY). The deal pipeline remains healthy.

■    We lowered FY22/23E EPS by <1%, factoring in FY21 performance, buyback and higher ETR. Q4 lacked positive surprises after strong growth in the last two quarters. Strong revenue momentum with stable margins, continued market share gain, strong deal intake, robust cash conversion and comparable cash payouts will narrow down the valuation gap with TCS. We maintain Buy/OW in EAP, with a TP of Rs1,550 at 25x FY23E earnings.

ACT Fibernet Launches In Its Home Camera – ACT Homecam Range

* Security camera that comes with easy installation, advanced smart features and works over Wi-Fi

ACT Fibernet, one of India’s largest fiber broadband ISP (Internet Service Provider) today announced the launch of a Home Camera, an important surveillance tool.  ACT home camera simplifies installation, works on Wi-Fi and is cost-effective thus making it ideal for home, home offices and retail establishments.

The ACT Homecam is quick and easy to set up, unlike other CCTV cameras. The ACT Homecam can be installed using the TP Link Tapo app available on google play. The camera is directly connected to the internet and the feed can be viewed from anywhere in the world on the app. Act Homecam works on ACT network only. A customer can have multiple cameras connected to a single app providing him with a simple one place access. 

The camera comes with a Crystal-clear picture with 2MP, 1080p for superior clarity, Fisheye -110 degrees camera for wide-angle coverage, Visible in the night up to 30ft with night vision feature. The ACT Homecam also allows two way talking with a mic and clear audio. Home Camera can store recording up to 24 days which helps the customer to go back and view the previous recordings with help of an external micro SD card expandable up to 128 GB.

Salient features of the camera include, 2MP HD, 1080p clarity, 110 degrees wide-angle and Night Vision Infrared Lens with view unto 30ft clarity.

Motion detection gives intelligent security and responds during an event with alert functions.

Micro SD card of 128 GB and storage up to 24 days.

Set a schedule for recording and playback when required. Also comes with a privacy mode to disable recording as and when required

Toggle between one/multiple camera views of live video

Voice call – Two way talking through camera

Enabled with Pan Tilt Zoom (PTZ) feature, where the user can pan the camera 360 degrees, tilt the camera lens 110 degrees through the app.

“We are beyond thrilled to bring the enhanced Home camera to our customers. Home cameras have now become a necessity in today’s environment especially for those living with old parents, monitoring small children, pets and even offices.” said Prasanna Gokhale, CTO, ACT Fibernet

ACT Fibernet always focuses on empowering customer with reliable service with speed, efficiency, and innovation. ACT Home cam will provide reliable and cost-effective security solutions to the consumers. The Home Camera is available for a monthly subscription of Rs 200 per month with Rs. 500 deposit or 2249+GST as the outright sale. It can be purchased both on the ACT Fibernet website and app.  

About ACT Fibernet

ACT Fibernet is one of largest wired ISPs (Internet Service Provider) in India. Headquartered in Bangalore it has operations in 19 cities with 1.8 million customers. ACT Fibernet is known for its cutting-edge technology and high-speed broadband connectivity that the company provides to its customers. In 2019, ACT Fibernet forayed in the consumer category with the launch of its product ACT stream TV 4K. ACT Fibernet was the first broadband service provider to bring 1 Giga speed connectivity in India to the city of Hyderabad in 2017, followed by Bengaluru and Chennai in 2018. ACT Fibernet has been recognized as India’s most Consistent Broadband Network in 2020 by Ookla, Best Brands 2020 in the broadband category by The Economic Times, Best Broadband for Streaming in Hyderabad and Chennai as per research conducted by InMobi in Sept 2020, and No.1 Broadband for Gaming according to The Times of India Report, 2020.

AdmitNXT To Revolutionise The Admission Process In Indian Market

* Caters to the entire admissions cycle of educational institutions from outreach to onboarding

* An incubate of the programme, AdmitNXT has received 1 crore along with expert mentorship from the Turbostart panel.

AdmitNXT, an AI First Admissions Solution is launched to cater to educational institutions around the world. This solution is a strategic response to the market's demand to enhance, organize and centralize the entire admission process. Within a single system, this platform manages all student data efficiently, provides actionable insights, and allows for better, data driven decision making.

The rising concerns amongst educational institutions regarding admission and enrollment numbers have only been amplified in these unprecedented times. They have struggled for two main reasons - either an aversion to technology enabled change or use of sub-par solutions that do not meet their real needs. What is needed is something that makes the entire process easier to use and efficient.

One of the greatest advantages of digitizing the application process is that applicants can submit applications at their convenience and stay up to date with its status. India has seen a growth of 50% internet penetration in 2020, encouraging more widespread digital adoption. Educational institutions will also be at a major advantage due to having quick access to student records and well-organized systems for navigating through candidates. It is more reliable, efficient and lowers chances of errors.

AdmitNXT’s AI First solution has been specifically designed in a way that provides institutions with a seamless way to manage the admissions process, from recruitment to enrollment, while ensuring that the solution can be completely configured to be similar to what the users are familiar with, so that adoption becomes easier.

AdmitNXT is aimed at enabling institutions to be more proactive in engaging with potential students, productive when it comes to communication and collaborative during decision making. This one-stop platform doesn’t just digitize, instead it goes miles ahead to refresh recruitment and acquisition methods and bring about a change in how engagement during admissions is run.

Led by a team of women who are helping those stuck in the old ways catch up with a more digital generation, AdmitNXT drives purposeful engagement and provides institutes with the right information to enable accurate data-driven decision making. It has been recognized by Turbostart for its innovative solution and potential to fill a crucial gap in the education sector.  As an incubate of the programme, AdmitNXT has received 1 crore along with expert mentorship from the Turbostart panel.

Commenting on the launch of the new solution, Nikita Sivakumar, Co-Founder & CEO said, “As audiences go digital, institutions must be ready to transform themselves. The idea behind introducing AdmitNXT is to offer a holistic solution that enhances the experience for all users, bridges the data gap and simplifies the entire process so as to ease the application complexities for educational institutions. We saw there are so many colleges and schools out there who could benefit from a solution that is easy to use, meets their needs, and then goes steps ahead to suggest ideas on how to improve.”

Natasha Rao, Co-Founder & COO said, “With the aim to revolutionize the admission process, we’re bringing paperless applications and seamless stakeholder engagement together into the educational landscape. With better insights, institutions can also make their recruitment process more efficient on this one-stop AI platform.

Simron Mohapatra, CPO said, “We have created AdmitNXT to be the first AI-powered admissions management tool that is poised to disrupt the edtech industry, with its advanced features and unique offerings. It's more than just a digitized and automation process for admissions. Instead, it would transform the entire old method of admission process for institutions as well as for students.”

From outreach to onboarding, AdmitNXT helps in application management and employs the use of intelligent recommendations to nurture the best fit candidates for your institute. Alongside these offerings, this hi-tech platform caters to institutions at a group level, giving you access to what is happening across your entities.

About AdmitNXT:

AdmitNXT is an AI First Admissions Solution for educational institutions around the world. This AI enabled platform provides a seamless solution for the admission process that benefits both students and administrators.  Conceptualized by a team that has driven digital transformation in education, this global product, has been perfected through experience & research and has been validated by sector experts.

Our team has taken time to understand what works, what doesn’t and how data can be utilized. The outcome is a platform built with rich features and functionalities, keeping user experience in mind. More importantly, it has been designed to fit into environments where other (legacy) systems are in place with well-defined integration capabilities, reducing transition and training time for teams as a result.

Madame’s Eco-Aware Collection Helps Women Choose Sustainable Fashion In Indian Market

Madame’s new collection “Eco-Aware” resonates with sustainability and environment awareness. This specially curated collection allows customers to choose clothing responsibly through sustainable and ethical products. The special Eco-Aware collection represents reproducibility through recycled fabrics, organic cotton and reducing waste to a minimum.  Apart from this, the collection is also designed prioritizing comfort and style along with beauty in simplicity, this collection illustrates smart casuals that are perfect for those mid-summer days.

Akhil Jain, Executive Director, Madame says, “Ethical and sustainable fashion is an approach towards sourcing, manufacturing and designing clothes which maximizes the benefits to the industry and society at large, at the same time minimizes the impacts on the environment. Madame supports clothing range designed with innovations that can go a long way in creating a framework that protects the system responsibly, without compromising on the design and fashion element.” With Linens making a statement, Eco-Aware collection meets the day head-on in sun-drenched hues with designs that depict the relaxed city elegance in the sweltering heat. This collection allows customers to customise their looks and make an exclusive statement for any occasion. The Eco-Aware collection offers wide range of floral dresses, tops, jackets, jumpsuit and pants which is suitable for any woman's wardrobe. 

Akhil also added, “For us ‘Sustainable fashion’ is a living philosophy and we are moving towards fully environmentally-friendly fashion. We are committed to providing environmentally responsible fashion and spreading awareness by constantly looking for ways to redefine fashion by creating sustainable and ethical products. Our long-term sustainability goal is to move towards becoming a 100% eco-friendly organization. We also plan to reduce the carbon footprint by at least 80% and become a carbon-negative company by 2030.” 

Price range: ÿ1699- ÿ2999

About Madame

Madame, a women’s fashion brand of western wear was launched in 1993. It caters to a wide range of apparel, handbags, footwear, and accessories for women. The brand provides fast fashion in-trend merchandise, casual wear, and party wear. In-Line with its global image, currently, Madame has 150+ exclusive stores in metros, Tier I & Tier-II cities. Ever since the start of its first store in 2002, the brand has briskly grown across India the brand is available in over 500+ retail outlets across the country. The brand is vended through online markets including Myntra, Ajio, Flipkart and Amazon, and its own online store, Glamly.com.