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HCL to Set up New Global IT Centres & Create Over 5,000 Jobs

9Oct By Gauri SinghNo Comments

BUSINESS

HCL to Set up New Global IT Centres & Create Over 5,000 Jobs

The popular IT company HCL Technologies will reportedly set up a Global IT development centre at Gannavaram in Andhra Pradesh and this will create more than 5,000 jobs. The new centre is spread over 29.86 acres and is anticipated as part of Andhra Pradesh's drive to create a new IT hub. With this, the company will invest over Rs 700 crore to develop two facilities in the state, in phases over the next few years. As a part of the deal, a skill development centre with a 1,000-seat capacity will also be developed. "The creation of this Global Centre is aligned with our strategic vision to expand and create opportunities in the emerging cities. We are confident that HCL Global Centre in Vijayawada will be one of the best IT centres in the industry in the coming years," said Executive ...

Andhra Pradesh Tops in Ease of Doing Business, Delhi Fails

11Jul By Gauri SinghNo Comments

INDIA

Andhra Pradesh Tops in Ease of Doing Business, Delhi Fails

Andhra Pradesh is on the lead in the Indian government’s ‘ease of doing business’ index for the states. Andhra Pradesh scored 98.42 percent in the third edition of Department of Industrial Policy and Promotion’s (DIPP’s) Business Reforms Action Plan, beating Telangana. The state has improved in various fields such as taxes, protecting minority investors, issuing construction permits, providing new electricity connections, among others that helped a lot to reach this position. Also, Andhra Pradesh has successfully brought in 90 percent of the reforms listed in construction permits. Other reforms that the state implemented involves the establishment of a dedicated conflict resolution mechanism for land and construction permits, implementing a system to allow approval based on third-par...

Reliance Debuts in Railway, Bags Contract Worth Rs 774 Crore

19Apr By Lavina TolaniNo Comments

BUSINESS

Reliance Debuts in Railway, Bags Contract Worth Rs 774 Crore

Reliance Infrastructure Limited EPC has successfully bagged the Letter of Award (LOA) from Rail Vikas Nigam Limited (RVNL) for its new railway project worth 774 crores. The project is aimed at the construction of third rail line between Jimidipeta and Gotlam on East Coast Railway on Engineering, Procurement and Construction (EPC) basis, revealed the company on Thursday. It will also undertake construction of 13 railway stations and staff quarters while including work in track, electrification, civil, telecom and building the rail line that will run in Andhra Pradesh and Odisha. Arun Gupta, CEO, Reliance Infrastructure EPC, said, RInfra shares a good credential in the successful execution of complex EPC projects, especially in railway and metro arena. This order will mark our debut i...

How Vizag City Will Become Capital of Blockchain

7Mar By Sheldan RungasamyNo Comments

Tech

How Vizag City Will Become Capital of Blockchain

Recently India’s Prime Minister Narendra Modi was surprisingly full of praise towards blockchain’s development potential and was critical about the need for “rapid adaptation” to this technology. While Governments are usually skeptical about Cryptocurrency, the transparency that blockchain technology offers will surely be beneficial in India which is a victim of 69% bribery rate and was ranked most corrupted nation in Asia in 2017. Loan frauds systematically reach $2 billion every year, resulting in usual increase in interest rates on business loans by up to 20%. According to investopedia, "A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in c...

When Mukesh Ambani & Andhra CM Did Facebook Live

14Feb By Sabhyata AgarwalNo Comments

INDIA

When Mukesh Ambani & Andhra CM Did Facebook Live

Mukesh Ambani, the Chairman and Managing Director of Reliance Industries, met with Amaravati Chief Minister N. Chandrababu Naidu on Tuesday at the state. For the first time, any of such discussion was done live on Facebook, which was viewed by over 3 lakh people thus maintaining transparency. They discussed on matters of e-governance, investment opportunities and business. Andhra CM opened the discussion with him, explaining about what they do and his team has achieved since years. He explained that how everything is done electronically in Andhra Pradesh and said he desires to do every process at one platform which makes the work easy and hassle-free. His system seemed so impressive to the RIL chairman, that he asked the CM jokingly to "expose this system to the whole of India." which ...

Google India Inks MoU with Telangana Government

6Mar By Press Trust of IndiaNo Comments

News

Google India Inks MoU with Telangana Government

Google India and Telangana government have signed a Memorandum of Understanding (MoU) aimed at supporting the digitisation efforts of the state. Google India will provide Google Cloud credits and access to all cloud platform products to eligible startups engaged with Telangana government's T-Hub initiative and through its Developer Relations team provide technical mentorship and advisory support to various startups, a release issued by the government said here today. The MoU was signed yesterday in the presence of Telangana Minister for IT and Industries K T Rama Rao and Google India representatives, it said. Other initiatives as a part of the agreement include, making all government websites mobile friendly and introduce programmes to help local small and medium businesses go online a...