IBM INDIA
IBM India leases 2.83 lakh sq ft office space in Bengaluru for 10 years
IBM India has leased an extensive office space at Radon tower in Bagmane Solarium City. The lease agreement spans over a decade, with estimated costs totaling Rs 522 crore. IBM will pay a monthly base rent of Rs 2.49 crore, subject to a 15% escalation every three years. Additionally, the company will incur fit-out costs over five years, approximately amounting to Rs 179 crore.
UPI MDR rollout pushed; India’s first quantum computer coming soon
Happy Wednesday! The implementation of MDR on select UPI payments has been deferred beyond Diwali. This and more in today’s ETtech Morning Dispatch.
IBM to deploy India’s first quantum computer in Amaravati early 2027
The facility will focus on developing practical applications for quantum computing and helping Indian enterprises prepare their IT infrastructure for post-quantum cryptography.
India at defining moment, unique opportunity to shape exponential tech like AI: IBM India & South Asia MD
Indian enterprises stand at the threshold of transformation through AI and automation, with IBM emphasizing the crucial blend of real-time data and trust in these evolving systems. The ongoing collaboration with MeitY Startup Hub seeks to propel deep tech innovation among startups in India, fostering local technological excellence and offering access to vital mentorship and resources.
Piyush Goyal takes India investment pitch to AIA, MetLife, IBM and General Atlantic
Commerce Minister Piyush Goyal promoted India as an investment destination during meetings with leading global firms. He highlighted the country's regulatory reforms and demand for services, especially in the insurance sector. Goyal met with executives from AIA Group, MetLife, General Atlantic, and IBM to discuss growth opportunities. He emphasized the importance of India's technology talent pool for future collaborations.
IBM, Yotta launch sovereign agentic AI platform for Indian enterprises
IBM and Yotta Data Services have introduced a sovereign AI platform specifically designed for Indian organisations. This new platform integrates IBM’s watsonx Orchestrate with Yotta’s Shakti Cloud and Shakti Studio. It aims to assist enterprises in managing AI agents while ensuring data and governance controls remain in India. The platform enables organisations to transition AI agents from pilots to full production effectively.
IBM signals a five-year horizon for its sub-1nm chips
Rao said the technology is the industry’s first demonstration of a staggered complementary field-effect transistor, or CFET, architecture at the 0.7nm node. Unlike conventional designs in which n-type and p-type transistors sit next to one another, CFETs seek to place them on top of each other, enabling greater density within the same silicon area.
Sugar’s valuation slump; Slice takes a hit
Happy Friday! A91 Partners is backing Sugar Cosmetics in a round that will see the beauty brand’s valuation fall sharply. This and more in today’s ETtech Morning Dispatch.
IBM India to upgrade Kochi software lab
IBM India aims to make its Kochi software lab an important centre in the country to augment development and delivery of next generation software portfolio and cloud offerings, according to a top company official.
Infrastructure, agility key to digital transformation: IBM India
Infrastructure will play a critical role in how companies handle digital transformation going forward, according to IBM India executives Viswanath Ramaswamy and Ravi Jain.
Healthcare facilities provided to 3 states to help fight potential 3rd COVID wave: IBM
The healthcare facilities have been provided as part of IBM India's corporate social responsibility (CSR) initiative in partnership with the Nasscom Foundation.
IBM India names Karan Bajwa as MD
He will also lead IBM's partnership with clients for cloud- and cognitive-led digital transformation of its businesses.
IBM India realigns traditional technology services business; brings in top executive to oversee
ET had reported in February that IBM’s India business generates close to $3.5 billion in revenue, although the technology services giant reported a slight decline in profits for the year ended March 2015.
IBM India staff still battle tech blues fearing more layoffs
From around 1.65 lakh employees on its payroll in 2011, IBM's India headcount is expected to slide to one lakh by March this year.
IBM India likely to give salary increment
International media earlier reported about a mail that IBM had sent to employees, saying those in the global technology services (GTS) division would not receive a salary increment this year.
IBM India develops solar-powered data centre
It has developed a system to run data centres on solar power, and is making it commercially available, perhaps the first such commercial offering in the world.
IBM's India expectations never stop to amaze me: Shanker Annaswamy, MD IBM India
One of the reasons for excitement is that IBM has contributed to the changes and growth in the world, says MD of IBM India Shanker Annaswamy.
Fitch affirms top rating on IBM India
Credit rating agency Fitch has affirmed top rating on technology major IBM India's on the back of its strong business performance and close ties with its parent company.
IBM India inks $450 mn IT deal with MNYL
The deal, spread over ten years, will see IBM India providing complete end-to-end backend IT infrastructure to MNYL.
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