On October 20, foreign ministers from India, Israel, the United Arab Emirates, and the United States came together to form what they called an "international forum for economic cooperation." India's External Affairs Minister Dr. S Jaishankar, and Israeli Foreign Minister Yair Lapid joined the U.S. Secretary of State, Antony Blinken,...
India's Ranking on Global Innovation Index Improves
According to the annual edition of the Global Innovation Index (GII), released on July 24, 2019, by the World Intellectual Property Organization, India improved its ranking by five places to 52nd from 57th position last year. The GII ranks 129 economies based on 80 indicators, ranging from intellectual property filing...
Elbit Systems Wins $127 Million Deal from Indian Army
Israeli defense electronics company Elbit Systems Ltd., was awarded a $127 million contract to supply vehicular tactical radio systems to the Indian Army. The contract will be effected over three years. These radios will include several configurations for integration onboard a range of armored fighting vehicles and tanks at the...
India's Wipro Acquires Ohio's International TechneGroup Inc
Bangalore-based IT major Wipro Limited signed a definitive agreement for $45 million to acquire Milford, Ohio-based International TechneGroup Incorporated (ITI), that offers solutions for Model Based Enterprise, data interoperability and data migration. ITI has offices in the United Kingdom, Italy, Israel and Germany and directly provides software products and services to...
Israel's Radware to Acquire India's ShieldSquare
Israel's Radware, a provider of cyber security and application delivery solutions, will acquire Bangalore-based bot management solutions provider ShieldSquare. Nasdaq-listed Radware said in a stock exchange filing that the transaction is likely to close during the first quarter of 2019, subject to customary closing and regulatory conditions. Roy Zisapel, CEO...
Israel's Innovation Platform SOSA to Set Up Hubs in India
Israel-based South of Salame (SOSA), an open innovation platform aims to set up innovation hubs in at least three of India's states: Maharashtra, Goa, and Assam. The state of Andhra Pradesh has already signed an agreement with SOSA, to set up an innovation center in the city of Vishakapatnam. These...