Hindustan Aeronautics Limited, state-owned aerospace and defense company based in Bangalore, initiated the process of an initial public offering to divest 10% of its shares. The IPO is for 361,500,000 equity shares with a face value of $0.15 each. "A discount of up to 5% on the offer price may...
India's Agri-Tech Startups Help Improve Agriculture
A Boston Consulting Group study titled 'The Rising Connected Consumer in Rural India' says "the number of connected rural consumers is expected to increase from about 120 million in 2015 to almost 315 million in 2020." Because of government initiatives such as Digi Gaon (Digital Village) and the Bharat Net...
India is now IBM's largest Center for Employment
IBM's biggest pool of employees is in India where it employs 130,000 people, or one-third of its total workforce, which is more than the number of people it employs in the U.S., per a report in The New York Times. Both low-level and high-level jobs are assigned to India. Core...
India Sets Up the 5G India 2020 Forum
The Government of India set up a high-level 5G India 2020 Forum to roll out 5G in India by 2020. The committee will have on board three secretaries, one each from the Department of Telecommunications, IT and Electronics, and Science and Technology Ministries. Other members of the forum will include...
Accenture Inaugurates Innovation Hub in India
Dublin, Ireland-headquartered Accenture, launched its first Innovation Hub in Bangalore. The Hub features capabilities in artificial intelligence, intelligent automation, quantum computing, machine learning, robotics, Internet of Things, data and analytics, intelligent applications, intelligent platforms, liquid applications management, and experience-led transformation, among others. BusinessWire reports that the facility comprises 440,000 square feet...
IBM Inaugurates First Machine Learning Hub in India
Software major IBM opened its first "Machine Learning Hub" in Bangalore which will provide a physical space to organizations for hands-on training on machine learning. This hub will enable data professionals, business analysts, and engineers to work with IBM's data science experts to understand and learn the technology to visualize,...