NETHERLANDS> India based Infosys establishes new office in The Netherlands

Infosys logo For fulfilling the requirements of next generation services and technologies for forward thinking Dutch clients, Infosys, a global leader in consulting, technology opens an office in Amsterdam. This facility was inaugurated by Deputy Mayor of Amsterdam, Ms. Kajsa Ollongren and Indian Ambassador to the Netherlands, Mr. Venu Rajamony along with Mr. Mohit Joshi, President and Head of Banking and Financial More …

INDIA > Taiwan based MediaTek Opens New Facility in Bengaluru, India

mediatekLogo Taiwan-based chipset manufacturer, MediaTek, announced the opening up of its new facility in Bengaluru, India. The new facility located at RMZ Eco World in Marathalli will provide R&D, sales and marketing support to MediaTek India. MediaTek has an existing Research & Development (R&D) facility in Bengaluru since 2014. During the same time, MediaTek had earmarked an investment of over US$200 million into the More …

GERMANY > London Based Enflux Expands In Europe with a New Berlin Office

Enflux Enflux, a London based technology firm focused on predictive data science and machine learning catering to diverse industries vis-a-vis social media and digital marketing, is slated to expand further in Europe by establishing an office in Berlin, Germany. Currently, Enflux has offices in London (UK), Paris (France) and San Antonio – Texas (USA). Enflux cites “creative mind” as the prime More …

INDIA > Japan’s Softbank invests $1.4 Billion in Paytm, a company also invested by China’s Alibaba

paytm logo Paytm has raised $1.4 billion from Japanese conglomerate SoftBank Group Corp valuing the company to estimated $8 billion. According to the company’s email, the funding into One97 Communication (parent company), which operates the Paytm brand, will help the startup expand its user base of 220 million and build further offering of financial services products. Paytm plans to invest Rs 10,000 crore More …

USA > India Based Technology Firm – Infosys – is set to open a Hub in Indiana, hiring 2000 new employees

infosys India based IT giant – Infosys – is set to open a technology hub in the Indianapolis metro area of Indiana creating 2,000 new jobs. The hub is expected to be in operation by August 2017 and 2,000 jobs are expected to be created by 2021. The hub in Indianapolis region will be one of the 4 technology hubs that More …

INDIA > US based MoneyOnMobile to further invest $100Mn in India based startup-My Mobile Payments

images USA based MoneyOnMobile to invest further $100Mn in India based startup My Mobile Payments Limited (MMPL). MoneyOnMobile has invested about $30 million in MMPL. After the investment was announced, Harold Montgomery, Chairman and CEO of MoneyOnMobile said, “We will be tripling our business in the next three years. We are only focused in India, and are optimistic about our growth More …

CANADA > China’s Huawei to invest $212Mn in Canada with Ontario Government as partner in “5G Ontario” project

Huawei.svg China based networking and telecommunications equipment and services Company-Huawei is set to invest $212 million in partnership with the Government of Ontario on “5G Ontario” Project. The government of Ontario will be investing $16 million on the project. The investment by Huawei is supposed to create 250 new jobs for R&D in the province. Based on Huawei’s press release, the plan of More …

USA > India based Tech Mahindra to acquire US based CJS Solutions for $110Mn

Tech_Mahindra_New_Logo.svg India based Tech Mahindra to acquire USA based healthcare IT services & consulting firm- CJS Solutions Group (The HCI Group’s Subsidiary) for $110 million. Tech Mahindra will acquire 84.7% of CJS Solutions with $89.5 million and 15.3% will be acquires over period of three years. The transaction is expected to close by April 2017, subject to the regulatory approvals. Tech More …