Quick View: iGate Corporation bags $100-million contract from MetLife

Updated: Jun 27 2013, 05:30am hrs
Outsourcing firm iGate Corporation has won a five-year contract worth over $100 million (about R598 crore) for providing global infrastructure services to insurance major MetLife. The US-based IT solutions firm has been providing services to the global insurance giant for the last 10 years across North America, EMEA and the Asia-Pacific. The present deal includes providing complex and mission-critical services. "iGate participated in a competitive bid to assist MetLife in building out an innovative infrastructure model to manage its IT systems towards greater efficiency and flexibility, in order to drive lower costs and increase business agility, iGate said in a statement. MetLife is building an infrastructure model to manage its IT systems towards greater efficiency and flexibility, in order to drive lower costs and increase business agility, it added.

Airtel partners Google

for internet services

Bharti Airtel said on Wednesday it has partnered with Google to launch a service 'Free Zone', wherein subscribers will be able to access Google services such as gmail, Google+ and Google search on their mobile phones without any data cost. The users, however, have to pay for advanced services such as attachment downloads, the company said in a statement. "...Free Zone powered by Google, will give Airtel mobile customers access to mobile web search and feature phone-friendly versions of Gmail and Google+ in India. The first page of a website linked from search results is provided at no data cost," Airtel said.

Honda Cars India lines

up four new models

Riding high on the Amazes success, Honda has decided to drive out four new vehicles, including nextgen Jazz, a seven-seater MPV (multi-purpose vehicle), a compact sports utility vehicle (SUV) and new City version in the next two years, all fitted with diesel engines. "We have failed to introduce diesel models in India over the years. However, we have seen the success of diesel for the first time in 'Amaze', which already garnered 16,000 customers since its launch and has a waiting period of four to six months. As we go ahead, all our future products will have diesel versions," said, Hironori Kanayama, president and CEO, Honda Cars India (HCIL). However, the auto giant has no plans to roll out diesel version of existing models.

Dr Reddys launches anti-epilepsy drug in US mkt

Drug firm Dr Reddys Laboratories said Wednesday it has launched its generic Lamotrigine extended-release tablets, used for treating epilepsy in the American market following approval by the US health regulator. The company launched the tablets in the US market on June 25, 2013, after its abbreviated new drug application (ANDA) was approved by the USFDA, the company said in a filing to the BSE. The approval is for the product in strengths of 25 mg, 50 mg, 100 mg, 200 mg and 300 mg, it added. The companys product is a generic version ofGlaxoSmithKlines Lamictal XR tablets, it said.

New: Fourth-generation

Intel core processors

Chipmaker Intel on Wednesday introduced 4th-generation Intel core processors, which the company claims will reinvent personal computing with longer battery life, more advanced graphics and new usages in devices like tablets and ultrabooks. "The 4th generation Intel core processors offer the most significant gain in battery life ever achieved by Intel, up to double graphics and significant CPU performance improvements," Intel south Asia managing director (sales and marketing group) Debjani Ghosh said.

Konica Minolta invests

$1 m in digital imaging

On Wednesday, Konica Minolta Business Solutions India inaugurated its first Digital Imaging Square (DIS) at its Gurgaon corporate office. Covering an area of 5,777 square feet, the DIS has seen an investment of $1 million. DIS would house multi-function printers and production printers for the corporate and commercial sectors, respectively. Speaking on the occasion, Tadahiko Sumitani, managing director, Konica Minolta Business Solutions India, said, India is one of the important markets for Konica Minolta and our objective is to continue our top positioning in the production printing segment and notch up at least 25% of market share in the office environment in two years time...

Rajesh Exports cuts FY14 sales, profit forecast

Jewellery maker Rajesh Exports expects sales and earnings to grow at 10% in the current financial year to March, sharply slower than expected earlier, because of government measures to curtain gold imports, its chairman said. The company had earlier projected sales and profit to expand by a quarter in 2013-14, but an increase in import duty to 8% in May and a ban on consignment imports by banks to jewellers on easy terms have dented supplies for jewellers, Rajesh Mehta said.