Reliance Jio selects Nokia for 5G gear; Cognizant taps senior execs from Infosys, Accenture; Flipkart launches a metaverse space
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Reliance Jio Infocomm, the wireless business of Indian conglomerate Reliance Industries and the country’s biggest mobile carrier, has chosen Nokia as a major 5G supplier, the Finnish telecom equipment maker said yesterday, Reuters reports. Biocon is looking to tap a $700 million market via a Japanese alliance for two of its biosimilar products. And Flipkart is launching a metaverse space called Flipverse in partnership with Polygon-incubated eDAO. Notes: Reliance Jio Infocomm, the wireless business of Indian conglomerate Reliance Industries, has chosen Nokia as a major 5G supplier, the Finnish telecom equipment maker said yesterday, Reuters reports. Reliance Jio, India's biggest mobile carrier with more than 420 million customers, announced the launch of its 5G services on Oct. 4, starting with four cities. Nokia will supply 5G radio access network equipment in a multi-year deal, according to Reuters. Cognizant Technology Solutions has named two new executives to its leadership team, one from Infosys and the other who previously did much of his work at Accenture, according to an SEC filing from the US-based IT services company. Ravi Kumar S, who until recently was president at Infosys, will join Cognizant on Jan. 16, 2023, as president, Cognizant Americas. Prasad Sankaran, a former Accenture executive, will start at Cognizant on Nov. 1, 2022, as the company’s new head of the software and platform engineering practice. Biocon Biologics, a subsidiary of Bangalore-based biopharma company Biocon, has entered into an out-licensing agreement with Japanese pharmaceuticals company Yoshindo for commercializing two of its pipeline biosimilar assets, bUstekinumab and bDenosumab in the Japanese market, according to a company press release. Flipkart, Walmart’s Indian e-commerce business, yesterday announced the launch of Flipverse—a metaverse space where consumers can discover products in a photorealistic virtual destination and shop on the Flipkart app. Flipverse will offer an interactive shopping experience for consumers, giving them access to brands, supercoins—loyalty points—and digital collectibles. Byju’s, India’s most valued startup which is under the scanner for its long delay in declaring its financials to the government, has $250 million from its existing investors, the ed-tech company said in a press release. The loss-making company aims to achieve group-level profitability by March 2023, according to the press release. Fitbit, which Google acquired in January 2021, is getting more closely integrated with the internet search giant, 9to5 Google reports. A minor update to Fitbit for iPhone rolled out yesterday, but the bigger change is that the smartwatch and fitness tracker companion app is now published under Google’s App Store account, according to 9to5 Google. Theme music courtesy Free Music & Sounds: https://soundcloud.com/freemusicandsounds
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