TECHNOLOGICAL SOLUTIONS
Carlyle, CVC & Hillhouse in the fray for GeBBS
Global private equity firms including Carlyle Group, Hillhouse Investment and CVC Capital Partners have been shortlisted to acquire ChrysCapital-owned GeBBS Healthcare Solutions, said people familiar with the development. The deal proposes to value the Los Angeles-based healthcare business process outsourcing firm at $800 million. The firms, shortlisted after the initial round, will submit a binding offer by mid-July, said one of the persons, who did not wish to be identified.
Renault's EV unit Ampere teams up with LGES, CATL on battery technology
The company also pledged to work towards the development of so-called cell-to-pack battery solutions aimed at boosting the range of its EVs, together with South Korea's LGES. In a separate statement, LGES said early on Tuesday it had signed a deal to supply 39 gigawatt hours of LFP pouch-type batteries to Renault to power about 590,000 vehicles, adding the battery cells would be produced in Poland.
IT service exports should start diversifying in AI, cloud computing and data analytics, say industry players
As the IT service exports come out unscathed amidst a turbulent period for the world, industry players believe it’s time the service portfolio spread out.
Cloudphysician raises $10.5 million in funding round led by Peak XV Partners
Online healthcare and technology solutions provider Cloudphysician has raised $10.5 million (about Rs 87.7 crore) in a funding round led by Peak XV Partners, along with Elevar Equity and venture debt firm Panthera Peak. The startup will use the capital to strengthen its presence in India, enter other countries and develop its AI platform.
High installation cost barrier to adopting rooftop solar power in India: Survey
High installation costs and lack of skilled labor are major barriers to rooftop solar adoption in India, according to a Luminous Power Technologies survey. Conducted with 4,318 respondents across five metros and eight non-metro cities, the survey revealed that 90% recognize the need for specialized skills, and 59% are concerned about high initial costs.
India can be the great link joining the largest population of developers to AI’s immense possibilities
India is projected to surpass the US as the largest software developer community by 2027, with the digital economy contributing significantly to its overall economy. AI tools are revolutionizing software development, leading to substantial gains in productivity. The country's focus on early education in programming and the promotion of open-source collaboration are key factors driving this growth.
Vena Solutions expands into India with new headquarters for talent growth
Vena Solutions has established a head office in Indore, Madhya Pradesh, in collaboration with Innogent Technologies, named Vena Solutions India, to recruit talent across India.
Quess Corp demerger process likely to complete within a year: Chairman
Quess Corp's demerger process, led by chairman Ajit Isaac, aims to unlock value at India's largest third-party staffing supplier. The company plans to file an application with the NCLT and has seen a 44% stock rally in the past year.
Axiscades Technologies to supply drone systems to Indian Army under Rs 100 crore order
Axiscades Technologies announces a Rs 100 crore order to deliver Man Portable Counter Drone Systems to the Indian Army. The system, capable of operating on battery and main power supply, can detect and jam various drones up to 5 kilometers away. The company plans to complete all deliveries by 2024. CEO Arun Krishnamurthi highlights the innovation in providing advanced security solutions to meet the armed forces' needs.
Blackstone may sell up to 15% stake in IT major Mphasis for Rs 6,697 crore
Blackstone may sell up to 15% stake in IT major Mphasis for Rs 6,697 crore through a block deal. Blackstone holds 55.45% in Mphasis. Mphasis specializes in cloud and digital solutions.
S&P 500, Nasdaq close at record highs as data supports Fed easing
S&P 500 and Nasdaq hit record highs on Wednesday fueled by tech stocks amid expectations of Fed's easing cycle, impacting various sectors and economic indicators.
Amid rising temperatures, will India embrace solar cooking once again?
As temperatures in India continue to rise, the idea of solar cooking is gaining renewed interest. Historically, solar cooking has been explored as a sustainable alternative, with early experiments by scientists and notable figures like Dr. Rajendra Prasad and Manindra Kumar Ghosh. Despite initial enthusiasm, the technology faced setbacks due to inefficiency and lack of user consultation.
In your odyssey to happy redundancy, can you hear the AI sirens sing?
Everyone and their uncle’s going bananas over how AI will make everything better, effortless, abundant – but watch out for the rocks of declining individual creativity, critical reasoning, and ingenuity
ACT Fibernet invests in network solutions startup Aprecomm
ACT Fibernet is among India’s largest wired internet service providers, operating in 25 cities and serving 2.2 million customers. With this investment, the company aims to strengthen its ability to provide the best home Wi-Fi experience for its customers.
ACT Fibernet makes strategic investment in Aprecomm's network intelligence solutions
Internet service provider ACT Fibernet (Atria Convergence Technologies Ltd.), Friday announced a major strategic investment in Aprecomm Private Limited (Aprecomm), a network intelligence solutions expert to fortify ACT's home Wi-Fi experience for customers.
HCLTech infuses GenAI into MRO solution to drive enterprises' asset utilisation
HCL Technologies enhances its MRO solution with GenAI capabilities, optimizing asset utilization and streamlining maintenance processes in SAP S/4HANA with a comprehensive natural language inspection and repair findings report.
Army collaborates with IOCL for green, sustainable transport solutions
The Indian Army has partnered with Indian Oil Corporation Limited (IOCL) to implement green and sustainable transport solutions. A Memorandum of Understanding was signed, and one hydrogen fuel cell bus was received by the Army. The hydrogen fuel cell technology converts hydrogen gas into electricity, leaving water vapor as the only by-product, ensuring zero emissions.
Coromandel launches 10 new products to boost crop yields
Coromandel has partnered with Japan's ISK to launch Prachand, a patented product using Japanese technology to protect paddy crops from pests like stem borers and leaf folders that can cause up to 70 per cent yield losses. It has also developed a formulation to effectively combat fall armyworm, a highly destructive pest that damages up to 30 per cent of the corn crop annually in India.
Tata Power-DDL, India Smart Grid Forum tie up for vehicle-to-grid technology demo project
Tata Power Delhi Distribution partners with India Smart Grid Forum for Vehicle-to-Grid Technology Demonstration Project, exploring EVs' grid services, backup power, and carbon emissions impact. The project involves stakeholders like Delhi Electricity Regulatory Commission, Central Electricity Authority, Tata Motors, and the University of Delaware, USA. Key figures include Gajanan S. Kale and Reji Kumar Pillai.
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