New Delhi, June 27 (IANS) In one of the largest overseas acquisitions by an Indian IT services firm, Persistent Systems on Saturday announced a voluntary public takeover offer to acquire all outstanding shares of German digital engineering firm Nagarro SE at €81 per share in cash.The offer is being made through the IT company’s arm — Galaxy Germany Holding — and follows the signing of a business combination agreement between the two companies, the release from Persistent Systems showed.Nagar…
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New Delhi, June 12 (IANS) Agentic AI returns in India are expected to grow fivefold to $14.4 million, and AI return on investment is expected to rise from 22 per cent to about 40 per cent within two years, a report said on Friday.The report from enterprise application firm SAP said Indian organisations are rapidly moving from experimentation to value‑driven AI implementation, with 85 per cent of firms seeing agentic AI transforming business operations.India currently ranks second worldwide in …
New Delhi, May 15 (IANS) OpenAI — the parent company of ChatGPT — has integrated its AI coding assistant Codex into the ChatGPT mobile app for iOS and Android users, allowing developers to monitor, manage and approve coding tasks remotely from their smartphones.The feature is currently being introduced in preview mode across all ChatGPT plans, including Free and Go, in supported regions.With the integration, users can connect their phones to machines running Codex — including laptops, Mac min…
New Delhi, March 9 (IANS) Prime Minister Narendra Modi on Monday called upon academic institutions to transform their campuses into hubs of industry collaboration and research-driven learning to provide students with essential real-world exposure.Addressing a post-Budget webinar in the virtual mode, PM Modi discussed the integration between education, employment, and enterprise, highlighting the promotion of the AVGC (Animation, Visual Effects, Gaming, and Comics) sector. Asserting that India is…
New Delhi, Jan 16 (IANS) US-based AI safety and research company Anthropic on Friday announced to hire Irina Ghose as Managing Director for India market, as it prepares to open its first office in the country.Ghose, who most recently served as Managing Director, Microsoft India, brings more than three decades of experience in scaling technology businesses.“India has a real opportunity to shape how AI is built and deployed at scale,” she said.Indian organisations are moving beyond experimenta…
New Delhi, Jan 13 (IANS) Bengaluru-based cybersecurity firm CloudSEK on Tuesday announced that it has raised $10 million, or about Rs 90 crore, from Connecticut Innovations, the strategic venture capital arm of the US state of Connecticut. With this investment, CloudSEK has become the first Indian-origin cybersecurity company to receive backing from a US state-backed venture fund, marking a major milestone for the firm as well as for India’s cybersecurity ecosystem.The latest funding forms par…