Coforge Ltd. has agreed to acquire Encora Inc., a Silicon Valley-based software engineering firm, at an enterprise valuation of $2.35 billion, betting on the surging demand for AI-driven technology services. Coforge CEO Sudhir Singh. (AI Image/Handout) The Coforge-Encora acquisition deal will be funded through a preferential allotment of equity shares valued at approx. $1.89 billion. […]
IKEA, the Swedish home furnishings retailer, has announced its entry into Goa through online deliveries. Starting December 16, customers can shop from a range of over 6,400 products via the IKEA app, the IKEA.in website, or shop-by-phone assistance, the company said on December 15. IKEA, has announced its entry into Goa through online deliveries (Photo […]
India has become a leading hub for Global Capability Centres (GCCs), with major clusters in Bengaluru, Hyderabad, Pune, Chennai, Mumbai, and the National Capital Region. The sector is projected to reach $105 billion by 2030, supported by nearly 2,400 centres employing over 2.8 million professionals, a government note has said. India has become a leading […]
Urban Vault, a managed workspace provider, has expanded its enterprise portfolio by onboarding three major Japanese firms, Nachi, Pioneer, and Komatsu, in Bengaluru, leasing 21,000 sq ft of office space to them, the company said on December 7. Urban Vault, a managed workspace provider, has expanded its enterprise portfolio by onboarding three major Japanese firms, […]
Nvidia Corp. has decided to make a billion-dollar investment in Nokia Oyj, as the world’s most-valued company looks to spread its AI net far and wide. Nvidia CEO Jensen Huang. (AFP) The Finnish telecom hardware maker will issue 166,389,351 new shares to the American AI chipmaker for $6.01 apiece, according to a statement on Tuesday […]
Tata Consultancy Services Ltd. will create 5,000 new jobs in the UK over the next three years, as part of a wider push to become the world’s largest AI-led technology services company. TCS has had a presence in the UK for more than 50 years. (Reuters) India’s largest IT services firm is building an AI […]
