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SAP to Set up Another R&D Campus in Bengaluru

1Dec By Gauri SinghNo Comments

INDIA

SAP to Set up Another R&D Campus in Bengaluru

Software and technology firm SAP is reportedly establishing a large new campus in Bengaluru near the international airport. This will significantly increase its R&D (research & development) presence in the city. The company’s executive board member Bernd Leukert, who is in charge of products & innovation, and who was in Bengaluru on Friday to mark the company’s 20th anniversary in India, said it would be a 40-acre campus, double the size of the existing one in Whitefield. “It’s a testimonial to the great talent and abilities here, and the extent to which people here have contributed to the overall success of SAP,” Leukert said. SAP has 11,000 employees in India, of which 7,500 are in core R&D, making it the German enterprise software company’s second largest R&D c...

2Apr By AdityaNo Comments

News

Shell Opens New State of the Art Technology Centre in Bangalore

Up to 1,500 staff will work at the Bangalore technology centre. Their expertise will include gas technology, geological modelling, data analysis and computational research. Shell opened a new major technology hub in Bangalore today - a 52-acre, custom-built technology center - that can house up to 1,500 experts, who would collaboratively work on worldwide innovative energy projects. The inauguration was conducted in the presence of Chief Guest, Shri. Dharmendra Pradhan, Hon'ble Minister for Petroleum and Natural Gas, Govt. of India. Commenting on the opening of Shell Technology Centre Bangalore, Shri. Dharmendra Pradhan said, " India has an opportunity to make a significant contribution to the world's incremental energy needs in the years ahead. Shell is developing a waste-to-fuel tech...

Twitter Discontinue Engineering Tasks in India, Lay Off Employees At Bengaluru Development Centre

20Sep By AnkitaNo Comments

News

Twitter Discontinue Engineering Tasks in India, Lay Off Employees At Bengaluru Development Centre

Microblogging site Twitter has decided to discontinue engineering tasks in India, a move that will lead to lay offs at its development centre in Bengaluru. The company, however, did not disclose the number of people being handed pink slips. When contacted, Twitter in an emailed statement said: "As part of our normal business review, we have decided to stop the global engineering work at the Bengaluru development centre. We thank the impacted individuals for their valuable contributions and are doing as much as we can to provide them a respectful exit from our company." The company "remains committed to India as a strategic market for users, partners and advertisers," it added. The company further said: "Today, India is one of our fastest growing markets worldwide and we continue to...

20000 Crore Alloted For R&D at IITs, IIMs and Other Higher Education

12Sep By Press Trust of IndiaNo Comments

INDIA

20000 Crore Alloted For R&D at IITs, IIMs and Other Higher Education

In a bid to boost innovation at premier institutions, an agency will soon be set by the government to provide funds up to Rs 20,000 crore for building research-oriented infrastructure at IITs, IIMs and other centres of higher education. The HRD Ministrys proposal to this effect was cleared at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi today. Announcing the decision, HRD Minister Prakash Javadekar said a Higher Education Financing Agency (HEFA) would be jointly promoted by an identified promoter and his ministry with an authorised capital of Rs 2,000 crore of which government equity would be Rs 1,000 crore. The HEFA would be formed as a Special Project Vehicle (SPV) with a PSU Bank/Government-owned NBFC as promoter and it would leverage the equity to raise u...