The Indian Railways is about to redefine rail travel by devising a new satellite-based technology to help commuters waiting at stations to track down the exact location of their train. The project will first be launched for the Rajdhani Express trains.
Called Baby Simran, the official name of the project is Satellite Imaging for Rail Navigation (SIMRAN), an ambitious project that the ministry has been working on for the last four years. The project involves digital mapping of stations. [source]
RCom in advanced talks with PE players for stake sale in arm
Reliance Communications is in “advanced stage of negotiations” with a number of private equity backed consortia to divest its stake in tower subsidiary Reliance Infratel.
“When we hopefully conclude the Reliance Infratel transaction, it will be the largest private equity transaction in the history of this country,” Mr Ambani said at the annual general meeting of the company. RCom is expected to sell between 51-95 per cent stake in the tower business [source].
IMImobile acquires UK application firm
Hyderabad-based IMImobile, a provider of technology infrastructure for mobile data, has acquired UK-based digital agency Skinkers for an undisclosed amount.
Skinkers has pioneered the use of desktop applications since early 2000, and recently had developed innovative iPhone/iPad and Android applications for some of the world’s best-known organisations and brands, including American Airlines, BBC, Haymarket, Microsoft, NDS, Spectator and Virgin Atlantic.[source]
Cognizant acquires assets of Zaffera LLC
Nasdaq-listed information technology company Cognizant has acquired the assets of retail consulting and software development firm Zaffera for an “undisclosed amount”.
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