Thursday, August 24, 2017

Second Innings Most Likely for Infosys Co-founder Nandan Nilekani

Infosys co-founder Nandan Nilekani is likely to return to helm the IT giant, according to media reports.
However, clarity on the status of Nilekani's specific role will be clearer in another 48 hours.
Meanwhile, the buzz of Nandan Nilekani's return to Infosys led to the company's shares rise as much as 3%.
Many domestic institutional investors including ICICI Prudential Asset Management, HDFC Asset Management, Birla Sun Life AMC among others, had written to Infosys board to bring former chief executive Nandan Nilekani back to take care of the firm in turbulent times after Vishal Sikka's resignation as MD and CEO.
Nandan Nilekani was among the seven founders that set up Infosys more than three decades ago and served as its CEO between March 2002 to April 2007. Later in 2009, Nilekani had left the firm to head the Unique Identification Authority of India (UIDAI).

According to a moneycontrol.com report, the Nilekani family owes a 2.29% stake in Infosys, as per the quarter ended June this year.

Earlier in the day, Narayana Murthy postponed a scheduled conference with the company's investors. The said conference will now reportedly be held on August 29.

Wednesday, August 23, 2017

Miklens Bio Sets Up India’s First Agri Microbial Tech Plant in Bengaluru



Miklens Bio Pvt. Ltd, a Research and Development driven Agri Microbial Technology (AMT) product start-up headquartered in Mumbai has announced the inauguration of its first manufacturing facility in Bengaluru. The plant was inaugurated by Dr. Stephen Devanesan, Former Dean, Faculty of Agriculture, Professor, Principal Scientist & Associate Director of Research, Kerala Agricultural University, in the presence of Miklens Bio management team, scientists and organic farming activists.

Miklens Bio manufacturing facility & R & D laboratory is spread over 10,000 sq. ft. and has an installed capacity to manufacture 10 lakh litres annually. The in-house developed research-based agri inputs to be manufactured will include Plant Growth Enhancers, Plant Protection, Bio-Fertilizers and Bio-Pesticides. Importantly these products are pest & pathogen specific and not crop specific, thus offering farmers the choice to use only those inputs which meet their specific requirement.

With the plant starting commercial production, Miklens Bio will have the necessary edge to scale up their production to meet the demand of our farmer brethren. These products have undergone extensive trials under lab and open field conditions. Miklens Bio has been certified as “Approved Input for Organic Agriculture” by Control Union a reputed certifying agency worldwide. In addition to this, the products have been tested in Canada for their efficacy.

Inaugurating the facility, Dr. Stephen Devanesan, said, “It is heartening to note that start-ups like Miklens Bio through their research are developing and manufacturing products that have profound impact on our eco-system and paving way for sustainable growth. Miklens Bio agri inputs, I am sure would go a long way in helping our farmers increase yields, improve crop quality, ensure residue free cultivation and in the process not only improve their income but also help reduce health hazards of consumers. I am told that the products are derived from nature and thus they are not only good for the soil but also monetarily viable for the farmers in comparison with the synthetic counterparts.”

According to Santosh Nair, Founder & Managing Director, Miklens Bio Pvt. Ltd., “We believe in sustainable & responsible agricultural practices and as a natural corollary our bio products promote the idea of ‘Farming with naturally driven microbes’ with a goal to reduce the dependence on toxic chemical based inputs. Our effort is to bring to the market agricultural inputs that are globally accepted because of the positive impact they have on farming communities, and on the society.”

Further, he said, we aim to become a preferred supplier in the “Pure Bio” segment. Our research focus is to develop & manufacture various biotechnology-based agricultural inputs to cater to the need of farming community by promoting the effective advantage of bio-based agri inputs. Also, our research initiatives will focus on developing innovative products that are not only eco-friendly but safe and help in increasing the yields across crops, he added.

Our bio start-up has an ambitious goal to promote sustainable edge to the society and environment, pointed out Dr. Nisha M M, Director - Research, Miklens Bio Pvt. Ltd. Following this mission, we are building mastery in developing bio products that help in Residue Free Cultivation. This advocate’s use of products derived from microbial sources. Besides being perfect natural replacements for chemical pesticides, these products are cost-effective as well and assimilate into the ecosystem without leaving any toxic residue. Unlike broad-spectrum synthetic chemicals, these products work specifically against certain target organisms without harming beneficial organisms, she added.

Smart Software Testing Solutions Invests in Online Crowd Testing Platform, Crowd4Test.com



Smart Software Testing solutions Inc. (SSTS), the company behind Bangalore basedpCloudy.com - one of largest mobile device cloud platform, today announced a strategic investment in Crowd4Test.com, a Bengaluru, India based startup building SaaS platform for managed Crowd Testing and User Experience testing. The company also announced its intent to integrate pCloudy and its AI powered Mobile App Testing platform with Crowd4Test.com with an aim to build world’s largest cloud platform for mobile and IoT Testing by as early as 2019. As part of the arrangement, Avinash Tiwari, Co-founder & Director of SSTS will join the board of Crowd4Test.com.  

SSTS Inc. founded in 2015 by Pankaj Goel, Lalit Jain and Avinash Tiwari is leveraging AI and robotics across its two products, OpKey and pCloudy, to solve some of the pressing testing needs of enterprises undertaking digital transformation and IoT journey. 

Avinash Tiwari, Co-Founder of SSTS Inc. said “The investment in Crowd4Test aligns with our focus of building All-In-One platform for Mobile app and IoT app Testing. By combining our mobile device cloud and AI powered App certification engine with 2000+ strong global community of testers at Crowd4Test, we are uniquely positioned to serve mobile testing needs for all segments of our customers from DIY to Real User Beta Testing and A/B Testing”

SSTS is backed by one of India’s Leading Early Stage funds – YourNest Angel Fund, along with some of the marquee angel investors from the industry.

Commenting on this development, Girish Shivani, Executive director YourNest Angel Fund added – “We are very bullish on the market for mobile application testing solutions and have seen it grow significantly over the last few years and is projected to grow to $13.3 billion market by 2026. SSTS has shown significant traction in this space by on-boarding 200+ enterprise customers and more than 10,000 mobile developers and testers over last two years. We are confident that this investment by SSTS team will help them further expand footprint into this fast-growing segment and position them as a leader in Mobile application testing space”

Ranganadh Damera, Founder CEO of Crowd4Test expressed confidence adding “Within a short span of time, we have been able to create a niche Managed crowd testing platform trusted by 100+ customers and 2000+ community of tester globally and now by combining forces with SSTS, we are confident of becoming a leader in our chosen niche”

Indus Towers Achieves 50% Portfolio of Green Sites; Envisions to go Diesel-Free

Indus Towers, India’s largest telecom infrastructure company, achieves a key milestone in its sustainable telecom journey by converting half of its portfolio to green sites. In line with its commitment towards protecting the environment, the company has made significant progress in expanding its green sites portfolio to over 62,000 mobile sites across India. Today, Indus Towers operates more than 86,200 sites as outdoor sites, totalling to 70% of portfolio, by eliminating usage of air-conditioners at such sites.

Marquee initiatives like ‘Shut AC’ program coupled with deployment of disruptive storage solutions have resulted in - significant reduction in direct carbon emissions equivalent to planting 27 million trees and diesel savings of 200 million litres in last five years. Since its inception in 2008, the company has consistently worked towards creating value for all its stakeholders in a sustainable manner with commitment towards green initiatives and ‘Putting India First’. Technology innovations continue to be the backbone of every change envisaged at Indus Towers with focus on driving down environmental impact while enabling uninterrupted telecommunication networks.

Speaking on the occasion, Bimal Dayal, Chief Executive Officer, Indus Towers said, “Our vision is to achieve diesel free operations and we are actively exploring deployment of new-age solutions to reach this goal. Technology and innovation remain to be at the core of all our business operations as we focus on sustainable telecom journey for a better India.”

Leveraging innovation and technology to reduce environmental impact
Indus Towers uses high-energy efficiency solutions to achieve maximum power output and has been deploying Valve-Regulated Lead-Acid (VRLA) batteries at its sites. Implementing environment-friendly initiatives such as Solar Cooling Units (SCUs) and Simple Power Solutions (SPSs) at sites, the company has saved nearly 40 per cent energy savings since inception. An SCU is a smart and innovative solution that runs independent of power from a grid, battery or diesel and is charged with solar energy. It also uses natural air as its coolant, with zero cost of cooling. The company is also testing Hybrid solar, fuel cells, bio-mass and CNG/PNG energy solutions to power mobile towers.

Energy Use and conservation
One of the accomplishments towards reducing significant power consumption has been replacing air-conditioning with Free Cooling Units (FCUs) and Natural Cooling Units (NCUs) to maximise the conversion of Indoor (ID) to Outdoor (OD) as a part of SHUT AC initiative. The company has reduced energy consumption in mobile towers in addition to lowering carbon emissions.

DHL eCommerce Gets Logistics Tech Platform - FarEye On Board

FarEye, a Logistics Management Solution became a partner of choice for DHL eCommerce to enhance its customer experience, optimize its resources and deliver its brand promise ‘real-time’. DHL eCommerce is a division of the world’s leading logistics company Deutsche Post DHL Group. The Group generated revenue of more than 57 billion euros in 2016. DHL eCommerce provides international, standard parcel delivery for business customers. It supports business processes with mature e-commerce shipping solutions and technology platforms that help enable various online businesses.

DHL eCommerce continuously invests in technology to improve processes and have better communication across all parties. FarEye’s platform became an apt fit as it seamlessly integrated with the organization’s existing systems and made the IT infrastructure flexible and agile. Being a SaaS platform, FarEye gave DHL eCommerce the flexibility to the scale-up and down depending on the demand levels, which gave them an edge to adapt quickly to any work environment.

DHL eCommerce measured vendors not only basis the features they offered but evaluated them holistically from a ‘process proposed’ perspective.

Charles Brewer, CEO DHL eCommerce expressed, “With eCommerce growing at such a rapid pace we see a fantastic opportunity for high-quality solutions that will offer a great customer experience and more choice, convenience and control for online shoppers. FarEye’s platform is scalable, future-oriented and flexible. With FarEye we can deliver ‘delight’ by having complete visibility of the logistics movement and keeping customer informed at every step, ‘real-time’.”

Kushal Nahata, Co-founder & CEO FarEye said, “FarEye is an indispensable support system for brands whose focus is enhanced customer experience and complete visibility of their logistics. Our association with DHL e-commerce has been extremely gratifying as we were competing against giants. FarEye is an enterprise grade technology platform and this win is a testimony to our platform’s capability and defined processes. We shall continue to strive towards excellence and keep our customers at the center of all our activities.”

FarEye has proved to be a partner of choice for DHL eCommerce by optimizing their resources, enhancing their customers’ experience with real-time alerts & smart analytics and making parcel shops more efficient with complete visibility.

Freshteam’s CRM Enables Recruiters Deliver Superior Candidate Experience

Freshworks, the leading provider of cloud-based business software, announced the launch of Freshteam, a recruitment management software that empowers businesses to efficiently organize their talent acquisition function, engage with candidates, and better align the human resources organization to business goals. Freshteam’s flexible hiring workflows and intuitive design make it a great fit for businesses of all sizes.

According to HBR, 80% of employee turnover occurs due to faulty hiring decisions. Recruiters spend most of their time in executing operational responsibilities than concentrating on building quality pipeline and recruiting, which in turn affects the end-to-end-hiring process.

Freshteam, built on the experiences faced by the talent acquisition team at Freshworks as it scaled from six employees to a 1000+ strong global workforce, aims to improve the hiring experience for not just recruiters but also every stakeholder involved the hiring process, thereby helping businesses deliver an exceptional end-to-end hiring and candidate experience.

Recruiters can manage the entire recruitment process all under one platform. In addition to the standard market features like job posting management and interview scheduling, recruiters can attract top talent through multiple sourcing channels including social media channels, contextually collaborate with hiring teams, engage with candidates directly from the application tracking system (ATS), get organized by building candidate databases that help archive candidate profiles, and leverage a mobile-friendly version to be connected on the go.

"At Freshworks, our mission is to build software that helps our customers manage every critical business function," said Girish Mathrubootham, CEO & Founder of Freshworks. "During the early days of Freshworks, it was a big challenge to get candidate experience right. Recruiters have a tough job of simultaneously managing candidates, interviewers and external staffing vendors for every opening to deliver the best hiring experience.

Our talent acquisition team needed a unified way to manage all the touchpoints of the candidate life cycle, much like how customer interactions and sales leads are managed through a CRM. As we tried to solve for it, we wanted to build a solution that puts Candidate Relationship Management right at the center of an organization's talent acquisition process. So, we built Freshteam, a recruitment management solution that transforms hiring experience for recruiters as well as candidates, while helping organizations grow even faster.”

To encourage SMBs to focus on their hiring experience, Freshteam will be available for free for companies with less than 50 employees. In future product releases, Freshteam will integrate with other Freshworks software.

Virtual Campus League to Connect Top Campus Tech Talent and IT Employers



TechGig unveils the first-of-its-kind code contest in India for engineering students and graduates across India to show off their coding skills to 25+ top IT/Tech companies. The ‘Virtual Campus League’ creates a level playing where participating colleges and their talent gets a fair chance to showcase their talent within the industry.

The ‘talent v/s pedigree’ debate is more relevant in today’s time when an engineering student’s pedigree determines his chance for internship or interview with top IT employers. On the other hand, tech firms also want to reach out to the right talent straight from engineering colleges quickly. However, the right talent may be beyond their campus hiring strategy and gets limited to IITs only.

Sensing this gap, TechGig.com has launched ‘Virtual Campus League’ to create a level playing field where participating colleges and students get a fair chance to showcase their talent to top IT/Tech firms. This first-of-its-kind contest is open for 2nd, 3rd and 4th year engineering students who have a knack for coding and recent engineering graduates (2017 pass outs) with less than one year work experience.

This contest’s format allows students to appear for coding and aptitude tests, and their scores would be used to generate their All India Ranks. Participating IT companies will shortlist candidates for interviews and internships basis their scores.

In its maiden edition, TechGig Virtual Campus League has forged a strategic partnership with 30 National Institutes of Technology (NITs). The contest - which started on August 21, 2017 - welcomes students from all engineering colleges to register for free.

“Our vision with Virtual Campus League is to create a platform for all engineering students and graduates to have a fair chance to showcase their skills to the industry. This will help in two ways – students will be able to showcase their knowledge to top companies; and secondly it will give participating companies access to desired talent pool which is beyond their reach. College TPOs will also be able to monitor the performance of their students,” said Dipti Tandon, VP-Corporate Strategy, Times Internet Limited & Head Product and Technology, TechGig.

Highlights of this contest are –
·  25+ top IT/Tech companies will be offering 500+ interviews/internship opportunities
·  Free participation for Corporates/Colleges/ Students
·  Practice tests are also available based on the format of questions asked by top IT/Tech firms during campus placements

Ramathreya Krishnamurthi, Business Head, TimesJobs & TechGig is confident that this contest will open scores of new internships/job interview opportunities for thousands of engineering graduates. “This is a completely new concept in India, designed only for engineering students and freshers with less than 1 year work experience. More than 25 companies have already affirmed their participation in the Virtual Campus League, with names like Amadeus, Coho, Delhivery in the line-up. We are sure that engineering students will participate in huge numbers and make the most of this opportunity with the tech giants,” said Krishnamurthi.

Top rankers here can win prizes worth Rs 1 Lakh, Certificates with All India Ranks and TechGig T-shirts to top two rankers of every college. All contest participants will get online certificates with All India Ranks.

With so much happening at the ‘Virtual Campus League’, participants can only wait for this momentum to reach its peak and get their dream interview call or internship with top IT companies. 

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