Digital native venture that specialises in food delivery besides quick commerce, Zomato, had a reason for joy as it turned profitable for the first time clocking 2 crore in the first quarter of this financial year.
Merative, a leading global data, analytics, and technology company, officially welcomes its India Global Capability & Innovation Centres across Bangalore, Hyderabad and Chennai. This team will enable Merative to achieve its purpose of combining trusted technology and deep industry expertise to serve more than 4,500 clients in healthcare and government social services around the world.
India on Wednesday created history by becoming the first nation to land a spacecraft, Chandrayaan3, near the south pole of the moon The success of India s third lunar mission makes it only the fourth country to achieve the milestone after the US, Russia and China.
The Karnataka government has launched a deep tech cluster seed fund of INR 25 Cr to nurture startups specialising in deep tech and AI Having recently approved the cybersecurity policy, the state is also preparing a white paper outlining an ethical framework for governing.
In a regulatory filing, the firm stated, “The company entered into MoU with Government of Karnataka (Electronics, IT and BT Department) for an investment of Rs 3,750 crore to setup semiconductor assembly & testing (OSAT) facility and printed circuit board (PCB) manufacturing plant through its step down subsidiaries.”
Shares of Kaynes Technology India Ltd. hit an all-time high on Friday after it signed a Memorandum of Understanding with the Karnataka government for Rs 3,750 crore. The project involves setting up a semiconductor assembly and testing facility and a printed circuit board manufacturing plant, through the company’s step-down subsidiaries.
Kaynes Technology on Thursday, August 24, 2023, announced that it has signed a Memorandum of Understanding (MoU) with Karnataka government to drive innovation. The MoU with Kaynes will put Karnataka in the forefront of OSAT and PCB with an investment of Rs 3,750 crores. It will also help in creating 3,200 jobs by harnessing collective expertise.
Kaynes Technology and the Karnataka IT-BT department has entered into a contract to set up a semiconductor assembly and testing facility (OSAT) in Mysuru. According to a statement from Kaynes Technology, the agreement entails an investment of Rs 3,750 crore to create 3,200 employment opportunities.
Shares Kaynes Technology zoomed 14 per cent to hit a record high of Rs 2,122.85 per share on the BSE in Friday’s intra-day trade after it signed agreement with Government of Karnataka for an investment of Rs 3,750 crore. Kaynes will setup Semiconductor Assembly & Testing (OSAT) facility and Printed Circuit Board (PCB) manufacturing plant through its step down subsidiaries. The stock has surpassed its previous high of Rs 1,908.65 touched on July 26.
Kaynes Technology and the Karnataka IT-BT department has entered into a contract to set up a semiconductor assembly and testing facility (OSAT) in Mysuru. According to a statement from Kaynes Technology, the agreement entails an investment of Rs 3,750 crore to create 3,200 employment opportunities.
Electronics manufacturer Kaynes Technology on Thursday announced plans to set up a semiconductor assembly parts, testing facility and printed circuit board (PCB) unit on the outskirts of Mysuru. The company MD Ramesh Kannan signed an MoU with Industries Commissioner Gunjan Krishna in the presence of Chief Minister Siddaramaiah and IT/BT Minister Priyank Kharge’s presence. The listed company is headquartered in Mysuru.
Also present were Ms. Gunjan Krishna (IAS), Commissioner for Industrial Development and Director, Department of Industries & Commerce, Government of Karnataka, and Mr. Sanjeev Gupta, CEO of KDEM.
Chief Minister Siddaramiah, Minister for IT/BT and Rural Development and Panchayat Raj Priyank Kharge, Chief Secretary Vandita Sharma, Commissioner for Industrial Development and Director, Department of Industries & Commerce, Gunjan Krishna, and KDEM CEO Sanjeev Gupta were present at the signing of the MoU.
Chief Minister Siddaramiah, Minister for IT/BT and Rural Development and Panchayat Raj Priyank Kharge, Chief Secretary Vandita Sharma, Commissioner for Industrial Development and Director, Department of Industries & Commerce, Gunjan Krishna, and KDEM CEO Sanjeev Gupta were present at the signing of the MoU.
In today s world, every business, whether it s a cozy bakery or a homebuilding venture, relies on digital technology. This connection to the digital world also exposes businesses to cyber risks, threats posed by hackers and other troublemakers.
Kirti Seth, Chief Executive Officer, NASSCOM Future Skills Prime, said, Our support to Wipro on this transformative journey exemplifies our dedication to the mission of making India a Digital Talent Nation.
From a developer and provider perspective, India is swiftly emerging as one of the foremost nations in the realm of Web3. As indicated in research conducted by NASSCOM, a remarkable eleven percent of the global Web3 talent is concentrated in India, making it the third largest talent pool in this sector, trailing only behind the United States and China.
Nasscom reports that India hosts about 1,580 unique GCCs, which constitute over 45 per cent of the world’s entire GCCs, and around 70 per cent of all US based GCCs. The swift establishment rate of GCCs in India indicates that organisations have shifted their view of them from cost-effective institutions to strategic and innovative technology centres of excellence.
The startup s remarkable accomplishments have been recognized through numerous awards, including the prestigious ASSOCHAM Excellence Award for being the Best Emerging Player in logistics and warehousing in 2023.
Umesh Balani is the Founder and MD of Rotomag, which is involved in the designing and manufacturing of electric drives, motors, and gear systems for industrial, wind, solar, and EV applications. Over 2 million motors/drives manufactured by Rotomag is claimed to be in operation across 35 countries. He was previously the Chairman of the MSME National Council of ASSOCHAM.
This Vadodara based institute aims to make students into excellent business leaders. Parul University, which provides industry linked education, has also been placed at the top in terms of placements by education related organization ASSOCHAM, which makes it one of the best institutes for management students.
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