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Coworking enterprise workspace Incubex NestaVera is investing close to Rs 100 crore to strengthen its network in Bangalore and expand in cities such as Hyderabad, Pune and Mumbai. It has raised the funding commitments through internal sources and intends to launch new services soon. The company was founded in 2014 and manages 10 office spaces […]

Swedish telecom gear maker Ericsson has set up a Global Artificial Intelligence Accelerator (GAIA) in Bengaluru, India to focus on research and development in Artificial Intelligence (AI) and Automation. The new innovation hub will help create 150 new jobs for data scientists, engineers, ML/AI architects, and software developers in 2019. Ericsson already has Global Artificial […]

KKR-led Radiant Life Care is in advanced talks to acquire Max Healthcare, Max India’s hospital chain. Under the deal that’s expected to be announced next week, Max India will first be split to create a pureplay listed holding company. Max Healthcare will then merge with Radiant Life Care. This combined entity will then be merged […]

The government is considering additional capital infusion of up to Rs 30,000 crore in public sector banks as they have been unable to raise required funds from the markets. As part of the capital infusion plan announced by the Finance Ministry in October 2017, the government envisaged that public sector banks (PSBs) would raise Rs […]

Sonata Software announced it has signed definitive agreement to acquire US-headquartered Sopris Systems. Sopris Systems is a Microsoft Dynamics 365, Enterprise partner specializing in helping project-centric and field services companies improve business performance. The acquisition will strengthen Sonata’s US Dynamics footprint and expand the Dynamics 365 capabilities making Sonata one of the strongest and largest […]

The global airlines’ industry is projected to report a net profit of USD 35.5 billion in 2019, remaining profitable for the tenth straight year, helped by lower oil prices and solid economic growth. The grouping of around 290 airlines worldwide also said that the passenger numbers are expected to rise to 4.59 billion next year […]

India’s air connectivity has grown the fastest in the last five years and there is “strong growth” ahead in terms of domestic passenger numbers though there are infrastructure challenges, according to global airlines’ body IATA. India is the fastest growing domestic aviation market in the world. The country registered double-digit growth in domestic aviation market […]

Responding to a query in the Lok Sabha, Minister of State for Civil Aviation Jayant Sinha provided data in which he pointed out that from January to October last year, the passenger traffic stood at 95.1 million, while this year in the same period the number of passengers grew to 114.4 million. Replying to another […]

Amazon India has partnered with FISME to help micro, small and medium enterprises (MSMEs) tap into opportunities in the e-commerce sector. According to the pact, Amazon.in will collaborate with The Federation of Indian Micro and Small & Medium Enterprises (FISME) to conduct various events and workshops across the country that will enable MSMEs sell their […]