Here’s a look at this week’s top 10 tech news.
Myntra.com acquires SherSingh.com in cash cum equity deal
Myntra.com acquired SherSingh.com in a cash cum equity deal which will see all the products under the Sher Singh brand being sold exclusively on Myntra.com and SherSingh.com. Myntra will absorb Sher Singh’s employees and will continue to maintain the brand’s design studio in New York.
"Sher Singh’s team has built one of the most innovative and trendy fashion brands which speaks to the global marketplace. We are very confident that this acquisition will significantly enhance Myntra’s fashion and design expertise" said Mukesh Bansal, Founder & CEO, Myntra.com.
Shell to open new global technology centre in Bangalore
Shell laid the foundation stone for a new global technology centre in Bangalore. The company announced that the new centre will be spread over 40 acres and will house 1,500 specialists to work on some of Shell’s key global projects.
"We see a clear need to align our technology capabilities with our future growth markets. Both India and China, where we recently strengthened our technology footprint, are exciting prospects for us, as well as Asia more broadly." said Dr Matthias Bichsel, Director Projects and Technology, Royal Dutch Shell.
Facebook testing free Wi-Fi for users
Users are set to reportedly be allowed access to free Wi-Fi at local businesses which will use Facebook routers to give access to those who check in.
"We are currently running a small test with a few local businesses of a Wi-Fi router that is designed to offer a quick and easy way to access free Wi-Fi after checking in on Facebook" said the social network. Users will be directed to the local business’ Facebook page when they access the free Wi-Fi.
Google revamps its search results page
Google revamped its search results page to give more room for answers to queries from users. "You’ll notice a new simpler, cleaner design on the search results page — we’ve been working on ways to create a consistent search experience across the wide variety of devices and screen sizes" said John Wiley, Lead Designer, Google in a blog post.
Nokia to invest additional Rs. 250 crore in Chennai plant
Finnish mobile handset manufacturer Nokia has reportedly decided to invest an additional Rs. 250 crore in its Chennai plant. "The company will invest Rs 250 crore in the immediate term to expand capacities at the Chennai plant as per the business requirements" said a spokesperson. The company will have invested a total of Rs. 1,800 crore in the facility after the latest funds infusion.
Genpact to manage Finance & Accounting for British energy company Centrica
NYSE listed business process and management technology services provider Genpact announced that it entered into a 5 year contract with Centrica, one of the largest gas and electricity energy supplier in UK.
"Our framework and approach using the ‘science of process’ called SEP is what we will deploy to drive leading end-to-end processes that will deliver improvements in outcomes,” said Tiger Tyagarajan, President and CEO, Genpact. The company will deliver end-to-end processes in Centrica’s F&A and management reporting domains.
Instagram rolls out user profiles
Instagram announced the launch of profiles for its users, giving the website a Facebook-like feel.
"Your web profile features a selection of your recently shared photographs just above your profile photo and bio, giving others a snapshot of the photos you share on Instagram. In addition, you can follow users, comment & like photos and edit your profile easily and directly from the web" said an official blog. Instagram was acquired by Facebook earlier this year for $1 billion.
Infosys inks $50 deal with Ministry of Corporate Affairs
Infosys announced that it had signed a multi-year agreement with the Ministry of Corporate Affairs to implement its e-governance solution MCA21 v2. The agreement involves Infosys providing product services and application support for at least 5 years.
"Our deep understanding of the Ministry’s needs coupled with our compelling technology solutions helped us to win this transformational project. Infosys looks forward to working with the Ministry in executing this key transformational project which eases the process of filing statutory documents, provides convenient access to records and a framework for effective compliance" said C.N. Raghupathi, VP and Head of India Business, Infosys.
Pinterest gives users Secret Boards
Pinterest, one of the world’s fastest growing social network announced Secret Boards. Users will be allowed to create 3 Secret Boards on which they can pin the things that they want to keep private or share only with a particular friend or family member.
Secret Boards can be created like normal boards except turning the Secret button to On while creating a board.
AMD launches AMD FirePro priced between Rs. 45,000 and Rs. 3,00,000
AMD launched its AMD FirePro GPU solutions in India reportedly priced between Rs. 45,000 and Rs. 3,00,000. The latest in the chips maker’s line-up include W9000, W8000, W7000 and W5000 GPUs.
"The new AMD FirePro workstation graphics cards bring a range of features and capabilities for professionals working in digital signage, broadcast graphics, CAD and M&E, delivering the ideal balance of power, performance and reliability at the right price point," said David Cummings, Senior Director, Engineering WS Graphics AMD.