By siliconindia | Tuesday, 09 March 2021, 12:40 Hrs Riding on government support, a thriving ecosystem of technology vendors and growing interest among the digital enterprise, Cloud computing in India will account for over 11 per cent of total cloud revenue in the Asia-Pacific region by 2024, a new report said on Tuesday. According to latest analysis by 451 Research, the cloud computing-as-a-service (CCaaS) market in India will maintain solid growth with a compound annual growth rate (CAGR) of 15 per cent from 2019 to 2024. The market for CCaaS in India stood at $873 million in revenue in 2019, growing at a projected rate of 23 per cent (YoY) in 2020, which is expected to slow to 11.3 per cent in 2024.
By siliconindia | Monday, 08 March 2021, 10:18 Hrs In a bid to support the economic empowerment of women in India, Google and Alphabet CEO Sundar Pichai on Monday announced $25 million in grants to non-profits and social enterprises in India and around the world. On the occasion of International Women s Day, Pichai also committed to help 1 million women in rural villages in India to become entrepreneurs through business tutorials, tools and mentorship, as part of the Google Internet Saathi programme. Women are almost twice as likely to lose their jobs during the pandemic and an estimated 20 million girls are at risk of not returning to school. We have the opportunity to build a future that is more equal and more inclusive - and we must take it, Pichai said during the virtual Google for India event.
Read more about Mega steel plant in Odisha to bring wave of economic development: Pradhan on Business Standard. Pradhan on Friday said the Rs 50,000 crore integrated steel plant in Odisha will bring jobs
The proposed reorganisation of districts in Andhra Pradesh may not happen by the March 31 deadline due to a variety of reasons. A high-level official committee headed by the Chief Secretary, set up for the purpose, could not yet trash out various contentious issues, particularly that related to drawing the borders of the new districts, officials said. Besides, creation of required infrastructure like new office buildings for the newly carved out districts is also seen as a handful task, given the precarious financial position of the state. In respect of staffing, the panel is said to have noted that no new posts need to be created as the existing ranks could be distributed and re-assigned.
By siliconindia | Tuesday, 02 March 2021, 04:21 Hrs Siemens on Monday announced that it has completed the acquisition of electrical equipment manufacturer C&S Electric in India after receiving regulatory approval from the Competition Commission of India in August last year. As per the agreement, Siemens acquired around 99.22 per cent of the equity share capital of C&S Electric Limited from its promoters for Rs 2,100 crore. The acquisition comprises the Indian operations of C&S Electric s low-voltage switchgear components and panels, low and medium-voltage power bush bars as well as protection and metering devices businesses. The acquisition addresses rising demand for low-voltage power distribution in India, the company said in a statement.