Domestic IT company Wipro Technologies and global networking company Cisco are eyeing $1 billion revenue from their strategic alliance for developing and delivering IT services solutions in the global market. The partnership aims at $1 billion revenue over the next three years, said John Chambers, chairman and CEO of the $35 billion California-based company
Infrastructure major HCC's realty arm, Lavasa Corporation, that has floated a firm, MyCity Technology, in partnership with IT major Wipro, today tied-up with networking leader Cisco to provide Information and Communication Technology services in the newly-created Lavasa city.
Firm offers this work option to 80% of its staff, saves $196mn on opex and garners $294 mn via building sales
Wipro, has set up a venture capital (VC) fund that will look at investing in early-to-middle stage technology start-ups globally.
'Today's engineering graduates have to learn the skills to solve problems which is actually a higher order skill.'
In the last couple of months, top Indian IT services providers, including TCS, Infosys, Wipro and HCL Tech have announced setting up cyber threat management centres in the US and Europe.
After last year's lull, number of offers jump by 15%.
According to Nasscom, engineering services exports had grown at 13 per cent in 2017 compared to six per cent rise in IT services exports and eight per cent in business process management (BPM). It had also recorded the highest growth in the last three years, reports Debasis Mohapatra.
The companies experienced a drop of 5,436 approved petitions (37 per cent) in 2016 as compared to previous year, a report by the National Foundation for American Policy, a Washington-based non-profit think-tank, said.
Sources indicated defence and national security initiatives.
Amazon committed a fresh investment of $3 billion, in addition to the $2 billion it announced in 2014.
Of the five towns planned, work is progressing in two, Dasve and Mogao.
'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.
Over 5,000 volunteers from 120 corporates, NGOs, schools, colleges, running groups, social organisations and individuals participated in the massive Chennai Coastal Cleanup drive held on June 7 morning. S Saraswathi reports.
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