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Technology that succeeds under Indian conditions can often succeed anywhere in the world, but the challenge is that deep technology does not run on normal startup timelines, according to BITS Group Vice Chancellor Ramgopal Rao. In an interview with PTI, the renowned academician said India cannot become a global innovation hub merely by building more companies around technologies developed elsewhere. "We must build companies around science and intellectual property created in our own universities. India has two enormous advantages: talent and problems at scale. Both can become the basis for globally important companies," Rao said. He said India needs homegrown solutions in semiconductors, healthcare, agriculture, space, energy, water, advanced materials, artificial intelligence, defence and manufacturing. "A technology that succeeds under Indian conditions can often succeed anywhere in the world. The difficulty is that deep technology does not run on normal startup timelines," he t
City-based CIEL Group has made a strategic investment in Next Leap Career Solutions Pvt Ltd by signing a definitive agreement to acquire 100 per cent equity stake in tranches, the company said on Sunday. The acquisition is part of the strategic vision of the company to expand its offering in the human resource services space. "With this acquisition, CIEL Group strengthens its position further as a workforce solutions company leveraging technology," said a company statement. Pi Capital and Legalogic are advisors of Next Leap Career Solutions, while NovoJuris represents CIEL Group in this deal. However, the company did not disclose the value of the deal. CIEL (HR services) managing director Aditya Narayan Mishra said, "This acquisition, in line with our IPO plans, is part of our strategic vision to expand our technology-led offerings in the HR services domain." "It will complement our existing subsidiary Integrum Solutions operating in HR technology space and will help us expand ou
/ -- Edvoy, a tech platform supporting and enabling international study abroad education, expands its presence in Hyderabad with new offices to accommodate its continued growth. The new office inauguration was done by Shri. Naveen Mittal (IAS), Commissioner, Collegiate Education & Technical Education at Government of Telangana. Previously operating as IEC Abroad, Edvoy focused on using technology to simplify students' study abroad ambitions in 2019. The growth which the company has experienced has reinforced the importance of the Indian market. The office move demonstrates Edvoy's commitment to local teams empowering and achieving success for Indian students. Previously located in Somajiguda, the new office will be in Panjagutta, Hyderabad. Edvoy's leaders for the region were also in attendance. This included Thameem Basha, Managing Director; Syed Shabir, CTO and Co-founder; Firoz Sadik Sait, Vice President South Asia; Sree Vidhya, Regional Head South and West India (B2C); Honey .