Coforge signs $2.35-billion deal for Encora in push for AI-led technology services| Business News

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 deepens India push, to begin online deliveries in Goa from December 16

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 […]

GCCs power India’s innovation push, poised to touch $105 billion by 2030

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 strengthens GCC push, secures leases from three Japanese firms for 21,000 sq ft of office space in Bengaluru

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, […]