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French IT services major Capgemini has sought clearance from the Competition Commission of India (CCI) to acquire full ownership of Singapore-based Cloud4C. The development comes after Capgemini announced on Tuesday that it has signed an agreement to acquire Cloud4C, a leader in hybrid cloud platform services. "The proposed combination involves the acquisition of 100 per cent of the shares of target 1 (Cloud4C Services Pte Ltd) and target 2 (Cloud4C Services Pvt Ltd) by the acquirer (Capgemini SE)," according to a notice filed with the CCI. Headquartered in Paris, Capgemini is a leading multinational in consulting, digital transformation, technology, and engineering services. The company has a significant presence in India, which serves as one of its largest delivery bases globally. Cloud4C is engaged in the provision of information technology/information technology enabled services in India. The parties said the "activities of the acquirer and the targets overlap in the market of
Joining the debate on working hours, IT services company Capgemini India's chief executive Ashwin Yardi on Tuesday advocated 47.5 hours work per week, and was against sending e-mails to employees on weekends. He was speaking at Nasscom Technology and Leadership Forum (NTLF) here. "Forty seven and half hours. We have about nine hours a day and five days a week," Yardi said replying to a question on the ideal time to be put in by an employee per week. "My guiding principle for the last four years is don't send an e-mail on a weekend even if it is an escalation unless you know you can solve it on a weekend," he added. Acknowledging that sometimes he does work on weekends, Yardi said he desists from sending e-mails to employees, as there is no point just to give "grief" to an employee knowing well that the work cannot be done on a weekend. It can be noted that IT industry leader and Infosys co-founder N R Narayana Murthy has been pitching for a 70-hour work week, while EPC major Lars
French information technology (IT) services and consulting company Capgemini on Wednesday said it has collaborated with SAP Labs to launch the Capgemini-SAP Digital Academy programme to provide employment-linked skill training to 8,000 marginalised youth in India over the next three years. "We are delighted to collaborate with SAP and make a contribution towards the advancement of India's digital economy through the upskilling of its youth. Through the Capgemini-SAP Digital Academy programme, we are not only providing skills but also creating pathways for sustainable careers and livelihood while at the same time nurturing the skilled talent India needs to grow," Capgemini India CEO Ashwin Yardi said in a statement. Over the next three years, Capgemini and SAP will jointly invest and pool resources, expertise, and networks to support this initiative aimed at bridging the digital skills gap for more than 8,000 individuals, who are part of India's marginalised youth. "By joining forces