New Jersey based ATCS Sets Up Innovation Lab in India

New Jersey-based IT solutions company Advanced Technology Consulting Service (ATCS) expanded its operations in India by recruiting new staff and setting up its first Innovation Lab (I-Lab) in Jaipur, in the western state of Rajasthan. The company also opened a new office in Bangalore.

“The I-Lab not only serves as a functional space for approaching ideas and concepts in an alternative setting but also embeds a spirit in our team that ATCS is expected to think differently, creating solutions beyond one’s peripheral views,” said Jason Castellani, partner at ATCS.

The company provides strategic guidance to and implements software solutions for several Fortune 500 companies, and has offices in China, Germany and Canada, reports NDTV Profit.

Manish Krishnan, Global CEO, ATCS, said, “For our customers, innovation is a big drive. Having such a lab in our India office helps us in delivering more inventive ideas to our clients.”

ATCS Press Conference in Jaipur

ATCS Press Conference in Jaipur

July 13, 2017   No Comments

Google Acquires India-Based Halli Labs

Halli Labs, where Halli (pronounced Hull – Lee) means ‘village’ in Kannada, the language of the southern state of Karnataka in India, is the latest AI startup acquired by Google. Based in Bangalore, the four-month-old startup’s focus is building deep learning and machine learning systems to address what it describes as ‘old problems’ and domains. Halli Labs has been working on natural language processing which can help Google efficiently process real-world language.

Halli Labs Logo

Google confirmed the acquisition with a statement  to TechCrunch:

“We are excited that the Halli Labs team is joining Google,” said spokesperson Taj Meadows. “They’ll be joining our team that is focused on building products that are designed for the next billion users coming online, particularly in India.”

Market intelligence research firm IDC reports that the AI market currently stands at $8 billion. The research forecasts the rise of the AI market to $47 billion in 2020.

July 13, 2017   No Comments

Rolls-Royce to Increase R&D Headcount in India

Rolls-Royce plans to increase its workforce to three times its current number at its research and development center in Bangalore, India, by end of this year.

Rolls-Royce Director Benjamin Robert Story and Rolls-Royce India President Kishore Jayaraman met Federal Minister for IT Ravi Shankar Prasad to express their interest in engaging with the ‘Digital India’ initiative, reports the Times of India. The company expressed interest in investing in Indian startups working on artificial intelligence, machine learning technology and data analytics.

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June 26, 2017   No Comments

Amazon Considers Inorganic Growth in India

After buying Whole Foods in the United States, Amazon is targeting groceres in India. Bangalore, India-based BigBasket, a five-year-old e-grocer, has signed a 60 day exclusivity agreement with Amazon India  during which time Amazon will conduct a due diligence on the company’s assets with a view to acquisition

Valued at $450 million since its last round of funding, BigBasket’s asking price of  $700 million stalled the transaction, reports ET Retail. A final value will be decided once the inquiry is completed successfully. It is uncertain whether Amazon will go ahead with the final deal and so BigBasket is also on the lookout for fresh capital.

BigBasket Logo

Acquiring BigBasket, which has created a supply chain and back end infrastructure, will add to Amazon’s e-commerce growth; it will also enable Amazon’s entry into the hugely untapped grocery and food market in India. Technopak pegs the grocery and food market in India at $400 billion of which organized retail contributes $12 billion to the industry, while online e-grocers have a 4% share, its report said, outlining viable prospects for the players.

June 21, 2017   No Comments

Intel Invests $178 Million for R&D in India

Santa Clara, CA-based Intel Corporation will invest $178 million in India to set up a new research and development center in Bangalore said Intel India’s general manager Nivruti Rai at a news conference. This fresh investment is in addition to the $4.3 billion  Intel invested in the country over the last 15 years since it set up its largest design center outside the U.S.

Intel Corporation logo

 Spread over a 44-acre campus, the new center will have a computer software development, hardware design services and verification facility. “The nine storied building with 620,000 sq.ft. of office space will be completed in the next nine months,” said Rai. “The new facility will enable us to continue our momentum in doing cutting-edge innovation and design work from India,” he added.

The company’s Indian subsidiary has about 7,000 engineers to design and power semiconductor chips for its global customers, including original equipment manufacturers of computers, smart phones and other electronic devices, reports ET Telecom.

June 19, 2017   No Comments