Sebi picks Wipro, L&T Infotech among 7 cos for market vigilance activities

The Sebi has shortlisted seven firms, including Wipro and L&T Infotech, to build a private data storage cloud, automate its inspection of brokers and enhance analytics capabilities, as the regulator is eyeing a technological leap in surveillance and investigation functions. Other firms on the shortlist are Accenture Solutions Capgemini Technology Services India, Hewlett Packard Enterprise (India), EIT Services India and Tharavu Technologies. "Bidders have been shortlisted for further process," the Securities and Exchange Board of India (Sebi) said. The Sebi, in August, had invited expression of interests (EoIs) from companies for enhancement of analytical capabilities and setting up of private cloud to provide infrastructure, storage and computing capacity to different upcoming projects. Besides, the regulator is looking to put in place new and advanced software tools to help in its monitoring of mutual funds and for sharing of information with other regulators. The private cloud

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