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India.com
12 minutes ago
- India.com
Rs 13263506360 deal! Narayana Murthy's BIG move, Infosys to acquire 75% stake in…, will boost tech giants…
Infosys will acquire a 75% stake in Versent Group, a wholly owned subsidiary of Australian telecom major Telstra, for AUD 233.25 million (around Rs 1336 crore), the IT company said in a regulatory filing. Infosys To Acquire 75% Stake In Telstra The deal is part of a strategic partnership between Infosys and Telstra to establish a joint venture for delivering AI-powered cloud and digital solutions to businesses across Australia. 'Infosys will acquire 75 per cent of the shareholding in Versent Group, Australia's leading Digital Transformation Solutions Provider, and a wholly-owned subsidiary of Telstra Group, that delivers cloud and digital transformation,' the filing said. The company has acquired a 75 per cent stake for 233.25 million Australian dollars, about Rs 1,336 crore, through a transaction in Telstra Purple Pty, the filing said. What Is Versent Group? According to the filing, Versent Group is Telstra Purple Pty Ltd and is the integration of Versent, Epicon, Telstra Purple Digital and associated Cloud Access products. Infosys will have operational control, while Telstra will continue to retain a 25 per cent minority stake in Versent Group. 'This strategic collaboration will see Versent Group's cloud and digital transformation expertise boosted by Infosys' advanced AI capabilities, Cloud, Data and Digital consulting services. The collaboration will leverage Infosys Topaz and cloud offering Infosys Cobalt, as well as the cybersecurity capabilities of The Missing Link,' the filing said. With a team of 650 engineers, advisors, strategists spread across Australia, Versent Group strengthens Infosys' local presence. Versent Group primarily serves large blue-chip organizations with established presence in government and education, financial institutions, energy, and the utilities sector. (With Inputs From PTI)
India Today
20 minutes ago
- India Today
Ather introduces ‘Battery as a Service,' new ownership plans
Electric two-wheeler manufacturer Ather Energy has announced a series of initiatives to make their electric scooters more accessible for consumers. The company has introduced Battery as a Service (BaaS), expanded its assured buyback programme, and rolled out an extended comprehensive warranty (ECW), directly addressing three major concerns for potential EV buyers: high upfront cost, uncertainty over resale value, and warranty as a Service (BaaS)With the new BaaS model, customers can purchase the Ather Rizta starting at Rs 75,999 (ex-showroom, Lucknow) and the 450 Series starting at Rs 84,341, excluding the battery cost. Instead, the battery can be accessed through monthly usage-based plans starting as low as Rs 1 per kilometre (minimum 1,000km/month for 48 months), offered via Ather's banking and NBFC approach lowers the initial purchase price by up to 30 per cent, making EV ownership more affordable. Customers also receive one year of free fast charging at Ather's 3,300+ public fast chargers nationwide, helping tackle both range anxiety and charging buyback programme Initially launched in February 2024 for a limited group, Ather's Assured Buyback is now available to a broader customer base. The programme guarantees up to 60 per cent of the scooter's value after three years and up to 50 per cent after four years, subject to kilometres travelled. This provides buyers with clear visibility on the long-term value of their investment in a rapidly evolving EV comprehensive warrantyThe ECW extends coverage on the battery and 11 other critical components, including the motor, motor controller, dashboard, and charger, for up to five years or 60,000 km (whichever comes first). Available for all AtherStack Pro customers, this warranty aims to protect against unexpected repair costs and enhance long-term ownership on the initiatives, Ravneet S Phokela, Chief Business Officer, Ather Energy, said, "As the EV segment continues to grow in the country, we see customers with different needs and challenges entering the segment. To unlock the segment's true potential and accelerate growth, we've rolled out a slew of initiatives to cater to the different needs of our potential customers. With BaaS, ECW and Assured Buyback, we aim to address major barriers that exist for customers when purchasing a new EV scooter. As one of the leading players, we stay committed to making it easier for families to experience the benefits of EVs."Subscribe to Auto Today Magazine- Ends
Business Standard
34 minutes ago
- Business Standard
Rail Vikas Nigam receives LoA worth Rs 178.64 cr from IRCON
Rail Vikas Nigam has received LOA from IRCON International for Supply of various signalling, telecommunications and EIMWB materials; Installation, Testing and Commissioning of Distributed/Centralised Electronic Interlocking (EI) Installations at 10 new stations, viz., Surakachhar, Block Cabin, Katghora Road, Bhingra, Putuwa, Matin, Sendurgarh, Putipakhana, Dhangawan and Bhadi stations; 06 new IBSs in the Bhingra-Putuwa, Putuwa-Matin, Sendurgarh-Putipakhana, Putipakhana-Bhadi, Bhadi Dhangawan & Dhangawan-Pendra Road block sections; Installation, Testing and Commissioning of New Section Control System with Headquarters and Wayside Train Control Communication Equipment/System in the Gevra Road-Pendra Road section; Installation, Testing and commissioning of new Telephone Exchange and EIMWBs at appropriate location(s) through execution of various signalling & telecommunications works; alterations/modifications in the existing panel interlocking installation at Kusmunda Block Station (KBS) yard and the existing electronic interlocking installation at East Cabin of the SECL SILO Siding (KMKA) yard including other miscellaneous works. The contract is worth Rs 178.64 crore.
