Major technology companies from India and abroad, including Wipro, Tech Mahindra, IBM, HP and HCl, have evinced interest in Sebi's proposal to upgrade business intelligence gathering software which is used for detecting fraudulent activities in capital markets.
Securities and Exchange Board of India (Sebi), which had last month floated a tender to upgrade the software, has also extended the time for submission of bids to January 15, 2015. Earlier, the bids were to be submitted by December-end. IT firms Wipro, Tech Mahindra, IBM, HP, HCl, EMC and SAS could be some of the bidders for upgrading Sebi's 'Data Warehouse Capacity and Business Intelligence Report Capacity', going by information available on the regulator's website.
These firms had approached Sebi with some queries related to the proposal, to which the regulator has responded.