Category: Press Release

SBI Foundation, Microsoft, and American India Foundation Building Career Pathways for Persons with Disabilities

SBI Foundation, Microsoft, and the American India Foundation (AIF) through their joint collaboration under ProjectSAMEIP hosted the 4th in a series of round tables, on “Accessibility, Technology, and Career Pathways for Persons with Disabilities”. India is home to 26.8 million Persons with Disabilities (PwDs). While 36% of them are employable, they face enormous physical, attitudinal, and informational barriers to equal opportunities at…

Wipro earthian Awards 2022 Felicitate Excellence in Sustainability Education

Wipro Limited, a technology services and consulting company, organized the 12th edition of Wipro earthian awards for the year 2022. The annual awards recognize excellence in sustainability in education in schools and colleges in India. The awards ceremony was held on the 11th of February 2023 at the Wipro Limited, Sarjapur Road campus. Wipro earthian…

IBM and NASA Collaborate to Research Impact of Climate Change with AI

IBM and NASA’s Marshall Space Flight Center announce a collaboration to use IBM’s artificial intelligence (AI) technology to discover new insights in NASA’s massive trove of Earth and geospatial science data. The joint work will apply AI foundation model technology to NASA’s Earth-observing satellite data for the first time. Foundation models are types of AI models that are…

Awign signs MOU with Logistics Sector Skill Council to aid employment in the logistics sector

With an intent to bridge the gap of unemployment in India, Awign – India’s largest on-demand work fulfilment platform, has signed a Memorandum of Understanding with Logistics Sector Skill Council (LSSC), an organization set up by the Ministry of Skill Development and Entrepreneurship (MSDE) through National Skill Development Corporation of India. The collaboration aims to…

HGS continues to expand its digital focus, announces acquisition

In line with its ongoing evolution into a digital-led, people-driven customer experience (CX) services provider, Hinduja Global Solutions Limited (HGS), continues to make significant investments to expand its digital capabilities. The company announced two M&A developments to support its transformation journey as HGS 2.0. 1. HGS has entered into a definitive agreement to acquire a…

Cyril Amarchand Mangaldas advises Essar on sale of ports and power assets to ArcelorMittal Nippon Steel India Ltd

Cyril Amarchand Mangaldas advised Essar in relation to the sale of its entire stake in certain ports and power infrastructure assets to ArcelorMittal Nippon Steel India Limited (AMNSIL), for an aggregate amount of USD 2.4 billion. As part of the transaction: Essar Ports & Terminals Limited, Mauritius, has sold to AMNSIL certain ports assets of…

Hyatt Continues Asset-Light Growth Strategy with Plans to Acquire Dream Hotel Group

Hyatt Hotels Corporation and Dream Hotel Group announced an agreement for a Hyatt affiliate to acquire Dream Hotel Group’s lifestyle hotel brand and management platform including the Dream Hotels, The Chatwal Hotels and Unscripted Hotels brands, with properties in some of the world’s most prominent hotel markets across the Americas, Europe and Asia. This asset-light acquisition will include a portfolio of…

Wipro launches AWS Skills Guild Program: Step Up

Wipro Limited, a technology services and consulting company, announced the launch of its new Skills Guild with Amazon Web Services (AWS) at AWS re:Invent 2022. AWS Skills Guild is a comprehensive enablement program for large enterprises to build cloud skills through integrated delivery of AWS learning opportunities. Wipro Step Up will use the AWS Skills…

TIL Limited Plans an Ambitious Growth Path with a Strategic Investment

TIL Limited, at its Board Meeting held on 26th November 2022 has decided to increase the authorized capital to infuse funds into the business of the Company, by bringing in a strategic investor, subject to shareholder and other requisite approvals. The capital is to be infused by Indocrest Defence Solutions Private Limited, which is a…

Deloitte Private announces India’s Best Managed Companies for 2022

In the second edition of India’s ‘Best Managed Companies’, Deloitte Private announced nine winners for 2022. The winning companies of India’s Best Managed Companies 2022 are Ajanta Pharma Limited, Coromandel International Limited, Crompton Greaves Consumer Electricals Limited, Dabur India Limited, Endurance Technologies Limited, KEC International Limited, Orient Cement Limited, Welspun India Limited, and Zoho Corporation Private Limited. Among…

IBM plans to invest $20 bn in the Hudson Valley region over 10 years

Today U.S. President Joseph R. Biden, Jr. and IBM Chairman and CEO Arvind Krishna will tour IBM’s Poughkeepsie, New York site to see firsthand where the future of computing is being innovated, designed and manufactured. During the visit, IBM will announce a plan to invest $20 billion across the Hudson Valley region over the next 10 years. The goal of the investments, which…

Expleo India to create 5000 jobs by 2025

Expleo, a global technology, engineering, and consulting service provider, will create 5,000 jobs in the next three years in India. The business in India has registered over 30% Y-o-Y growth adding over 2,000 talents and 20 new clients in the last year, a statement said. Expleo’s growth is fueled by accelerating digital adoption, investments in…

Johnson Controls commits to long-term business presence and expansion in India

Johnson Controls, the global leader in smart, healthy, and sustainable buildings, is rapidly expanding its footprint in India. The company spots great potential in the Indian market for its capability and great talent pool in technology, digitalization and software engineering. With its complete portfolio of full life-cycle intelligent building products, technologies, software and services, Johnson…

Marwari Catalysts’ portfolio startups raise Rs 1.5 Cr from State and Central Government Startup Initiatives

India’s fastest growing accelerator, Marwari Catalysts has always been playing a pivotal role in building the startup ecosystem in the country. It is enabling startups across geographies and industries to realise their vision in a seamless manner, thereby connecting the dots in the startup ecosystem. It has been acting as a bridge between startups and investors, effectively…