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Zensar Technologies to acquire M3bi, US-based digital engineering firm

Zensar Technologies to acquire M3bi, US-based digital engineering firm Photo by Pok Rie from Pexels RPG company Zensar Technologies said on Saturday it has entered into a definitive agreement to acquire M3bi, a Arizona-based data and digital engineering firm. The acquisition will be completely funded by internal accruals. Zensar said the addition of M3bi reinforces its strategy focussing on areas of market opportunities to concentrate organisation resources, investments and alliances to deliver maximum business impact. In particular, M3bi will augment Zensar s thrust in data engineering, analytics, artificial intelligence, machine learning and advanced engineering services. The acquisition will add marquee clients to Zensar s portfolio in banking, financial services and insurance (BFSI) and other verticals, allowing both companies to jointly drive an expanded set of offerings to global firms.

Zensar strengthens its data engineering and analytics capabilities with acquisition of M3bi

Zensar and the management of M3bi announced today that they have entered into a definitive agreement for Zensar to acquire M3bi, a Scottsdale, Arizonabased data engineering and digital engineering firm. Zensar Technologies will acquire the entire share capital of M3bi (M3bi India), and its wholly owned subsidiary, Zensar Technologies Inc., will acquire the entire share capital of M3bi LLC. This acquisition will be completely funded by internal accruals. The addition of M3bi reinforces Zensar s new strategy which focuses on areas of market opportunities that allow Zensar to concentrate organization resources, investments and alliances to deliver maximum business impact.

Many companies recognise employee efforts through rewards

Many companies recognise employee efforts through rewards Synopsis Companies across sectors are giving their employees a combination of increments, promotions, variable pay and one-time special bonuses despite the disruptions and external market conditions. Others are promising not to cut salaries and jobs. Many companies in India have opened their purse strings to reward their employees, undeterred by the raging second wave of Covid-19 cases that has once again cast uncertainty over business prospects and the economy. Companies across sectors are giving their employees a combination of increments, promotions, variable pay and one-time special bonuses despite the disruptions and external market conditions. Others are promising not to cut salaries

CEAT consolidated net profit rises 194 53% in the March 2021 quarter

CEAT consolidated net profit rises 194 53% in the March 2021 quarter
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Ceat to make a fresh investment of Rs 1200 crore in truck and bus plant

The fresh investment approved by the board is over and above the Rs 3500 crore announced by the company a few years ago. A part of this investment will go into expansion of the existing plant in Halol, Gujarat, and the balance will be used on a brownfield facility in Chennai – the company s base for car radial tyres

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