Technology

In a landmark win for innovation in education, the Andhra Pradesh government has budgeted Rs.66 crore this year to set up The Global Intelligent Hub for Digital Pedagogies (IGHD), which is expected to attract US$700 million investments.

Prime Minister Narendra Modi’s vision of a US$5 trillion economy will require an estimated investment of Rs.5 lakh crore in the transmission sector over the next few years, says an industry report.

San Francisco-based Zynga Inc. (Nasdaq: ZNGA), a global leader in interactive entertainment, is actively hiring for game development roles from its new, larger studio-office near MG Road in Bengaluru.

Orion Business Innovation, a fast-growing global technology services group from New Jersey with offices in 10 countries including India, has acquired two companies in July - Behavior Design and Cabeus, to expand its cross-industry foothold and accelerate its growth strategy.

Central Government has taken steps to spread awareness about cybercrimes, issue of alerts, advisories, capacity building and training of law enforcement personnel, prosecutors and judicial officers, improving cyber forensics facilities to prevent such crimes and to speed up investigation.

Larsen & Toubro Infotech Ltd has signed a definitive agreement to acquire Bengaluru’s Lymbyc, a specialist AI, machine learning, and advanced analytics company.

The Government has given approval to Westlake Village-based Alltemp, Inc. to establish India entity to deliver its energy saving proprietary alltemp® refrigerants for the massive India market and surrounding region.

ICICI Bank has launched a digital platform curated specially for MSMEs and self-employed customers to undertake their business banking transactions digitally and instantly.

The Cabinet has given ex-post facto approval to the Inter-Institutional Agreement between India and the US in the areas of regenerative medicine and 3D bioprinting, new technologies, exchange of scientific ideas/information and technologies, and joint use of scientific infrastructure.

An authoritative report in the United States has suggested that India and US should chart a map toward a Free Trade Agreement as recent negotiations have failed, putting such a pact out of reach in the immediate future.