Infotech

Yatharth Hospital to acquire 60% stake in MGS Infotech for Rs 152 crore

In February 2024, Yatharth Hospitals acquired a 100 per cent stake in the Faridabad-based 175-bed Asian Fidelis Hospital for an enterprise value of Rs 116 crore

ITC Chairman Sanjiv Puri takes over as CII President, replaces R Dinesh

Sanjiv Puri, Chairman and Managing Director of ITC, has assumed office as the president of the Confederation of Indian Industry for 2024-25, the chamber said on Sunday. He takes over from R Dinesh, Chairman of TVS Supply Chain Solutions. Puri heads ITC Ltd, a conglomerate with businesses in FMCG, hotels, paperboards & packaging, agribusiness, and IT. He is also the Chairman of ITC Infotech India Ltd, its subsidiaries in the UK and US, and Surya Nepal Private Ltd. Rajiv Memani takes over as President-Designate of CII for 2024-25. He is Chairman of the India region of EY (Ernst & Young), a leading global professional services organisation. He is also a member of EY's global management body as the Chair of its Global Emerging Markets Committee. Tata Chemicals Limited Managing Director and CEO R Mukundan takes over as the vice president of CII for 2024-25. "He is a distinguished alumnus of IIT, Roorkee, a Fellow of Indian Chemical Society and an alumnus of Harvard Business School.

Pinnacle Infotech to expand workforce four-fold to 12,000 in 6 years

Pinnacle Infotech Solutions, an Architectural Engineering and Construction (AEC) IT solutions industry player, on Thursday said it will expand its workforce four-fold to 12,000 in six years, driven by the growing demand amid the threat of a slowdown in the developed markets. The Durgapur-based building information modelling (BIM) solutions firm, which is also involved in the new temple in Ayodhya, currently has 3,000 employees. The company has 12 state-of-the-art global delivery centres across the world. Its global delivery centres are located in the USA, Japan, India, Singapore, UK, UAE, Germany, and Canada. The international delivery centres in India are in Durgapur, Kolkata, Madurai, and Jaipur. "The AEC industry is undergoing a digital transformation, and BIM is at the forefront of this transformation. We are seeing strong demand for our BIM solutions from clients around the world and we don't foresee any slowdown threat. The expansion of our global workforce will help us meet .

Next step for the infotech boom

The IT services industry must innovate more and integrate better into the needs of the national economy

ITC Infotech looks to buy 'sub-$50 mn' firms to boost digital capabilities

IT industry is witnessing major disruption due to increasing demand for digital technology services

Infotech design, engineering firms see $35-bn opportunity

Traditional infotech services are expected to grow 10-12 per cent this year