Category — India Market Expansion

Accenture Inaugurates Innovation Hub in India

Dublin, Ireland-headquartered Accenture, launched its first Innovation Hub in Bangalore. The Hub features capabilities in artificial intelligence, intelligent automation, quantum computing, machine learning, robotics, Internet of Things, data and analytics, intelligent applications, intelligent platforms, liquid applications management, and experience-led transformation, among others.

A look inside the new Accenture Innovation Hub in Bangalore

BusinessWire reports that the facility comprises 440,000 square feet of space through 10 floors, and it offers the:

  • Accenture Lab —  incubates new concepts through applied R&D
  • Accenture Liquid Studio — offers development and prototyping of applications and the design and creation of digital services
  • Accenture Innovation Center —  builds and scales solutions across technologies and industries, and
  • Avanade — provides innovative digital and cloud services, business solutions and design-led experiences through the Microsoft ecosystem and is majority-owned by Accenture

Paul Daugherty, Accenture’s chief technology and innovation officer, said, “Innovation is part of our DNA. As an innovation-led company, we are passionate about identifying, developing and even inventing the latest innovations to help our clients grow their businesses.”

 

September 20, 2017   No Comments

Sequoia Capital India to Acquire Faces Cosmetics

Venture capital firm Sequoia Capital India will acquire Faces Cosmetics Canada, an Ontario, Canada-based color cosmetics brand, as well as the Faces brand from Indivision India Partners. Faces has a product portfolio of over 350 color cosmetics and skin care products in India.

cosmetics

“The color cosmetics market is the fastest growing category in personal care and we see a huge opportunity for the Faces brand. The Sequoia team will work with the Faces management to make significant investments and deploy operational expertise to unlock the brand’s full potential, as well as expand its portfolio and reach,” said Abhay Pandey, managing director, Sequoia Capital India Advisors.

Live Mint reports that Sequoia India is an active investor in the Indian consumer space. Last year it invested in beer brand Bira 91, in Hector Beverages Pvt Ltd, which manufactures soft drinks and beverages under the Paper Boat brand, and in Ahmedabad-based Vini Cosmetics Pvt. Ltd, the maker of Fogg deodorants.

September 19, 2017   No Comments

IBM Inaugurates First Machine Learning Hub in India

Software major IBM opened its first “Machine Learning  Hub” in Bangalore which will provide a physical space to organizations for hands-on training on machine learning. This hub will enable data professionals, business analysts, and engineers to work with IBM’s data science experts to understand and learn the technology to visualize, analyze and interpret data.

IBM Logo

Machine learning is the entry point to the cognitive era, enabling enterprises to drive critical insights. With India’s focus on digitization, it’s an apt time for organizations to make this transition,” said Gaurav Sharma, vice president, IBM India Software Labs.

The company has similar hubs in Toronto, San Jose, California, Beijing, and Boblingen, Germany, reports Gadgets 360.

 

September 18, 2017   No Comments

Ford Partners India’s Mahindra to Manufacture eCars

Since the Government of India’s plans to move to an all-electric fleet by 2030, Michigan-based Ford Motor Company will collaborate with Mumbai, India-based Mahindra & Mahindra  to explore joint development of products, especially electric and connected vehicles. The partnership, for an initial period of three years, will expand Ford’s reach in the fast-growing Indian auto market and improve Mahindra’s access to global markets.

Electric car

 “The partnership with M&M will allow us to work together to take advantage of the changes coming in the industry. The enormous growth potential in the utility vehicle market and the growing importance of mobility and affordable battery electric vehicles are all aligned with our strategic priorities,” said Jim Farley, executive vice-president and president of global markets, Ford.

The Business Standard reports that Mahindra  has been losing market share and has not been able grow volumes for more than a year, and Ford has been stuck with a sub-three percent share for a few years, while emerging as the biggest exporter of passenger vehicles from India. Ford has spare capacity which can be used optimally by its new Indian partner.

 

September 18, 2017   No Comments

Symphony Ventures Establishes Development Center in India

London based headquartered Symphony Ventures, a global services firm specializing in Robotic Process Automation and Intelligent Automation, commenced operations at a Development Center in Bangalore, to serve India, the Middle East and Asia Pacific.

The firm plans to recruit 150 consulting and technology staff within the next twenty four months to provide consulting, implementation, managed services, and training to enterprise clients within the region, reports Enhanced Online News.

Robot

“… the demand for Symphony’s services is growing rapidly and our new operation in India is a critical element in our overall growth strategy,” said David Brain, COO, Symphony Ventures. “The region is a very attractive base for recruiting great talent and has a strong presence of large enterprises and global shared service centers.”

September 17, 2017   No Comments