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SummaryIT major Polaris Financial Technology has posted a 33% drop in net profit at R34 crore for the third quarter against R51 crore it posted in the same quarter last financial year.

world’s largest solar panel manfacturers, as its technical partner. The company will invest around R250 crore in phases to set up the power plant and to install rooftop solar equipment for houses and institutions. Chairman of Aeon Renewable Energy R Chandrasekaran said, “We have extended our business vertical to solar energy along with the existing restaurant chain of business. We will set up a 25-MW solar power generation plant at Pudukottai and Virudhunagar in Tamil Nadu.”

TCS BaNCS goes live at BNP Paribas for custody ops

Tata Consultancy Services’ banking solutions product TCS BaNCS has gone live in the United States at BNP Paribas for its custody operations. The platform is used for post-trade services for local custody of all major asset classes in the US market and connects directly to the US Depository Trust & Clearing Corporation. The solution provides real time processing and has multi-entity capability to service operational units in a 24/7 environment. The solution provides ease of integration with external market infrastructure such as brokers, depositories, custodians, counter-parties and clients internal systems.

Samsung Electronics launches new smartphone

Samsung Electronics Mobiles on Tuesday launched a five-inch screen smartphone Galaxy Grand. The dual-SIM smartphone, which will be available in India from February, is priced at Rs 21,500. It is powered by Android jellybean operating system, and runs on 1.2 Ghz dual core processor. Galaxy Grand has some of the best features of Galaxy S3 and Note 2, Asim Warsi, vice president, Samsung Mobile said at the event.

Airtel launches platform to access enterprise data

Bharti Airtel has launched a platform, Airtel Dynamic Mobile Exchange (DME), to allow corporate workforce to access enterprise data from anywhere on a device of their choice, in a secure manner. As a unique feature, Airtel DME allows employees to segregate official & personal data on the same device by containerising the information such as e-mails, data applications and documents. In case of loss of the mobile device, the corporate container can be remotely locked and data can be wiped off, thereby protecting sensitive corporate information.

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