Page 4 - It-software Sector
IBM to acquire US-based enterprise software firm Turbonomic for up to $2 bn
Tech giant IBM has announced to acquire US-based enterprise software company Turbonomic, a deal that according to media reports could be worth up to $2 billion
 "IBM to acquire US-based enterprise software firm Turbonomic for up to $2 bn")
Panasonic to buy US supply-chain software firm Blue Yonder for $7.1 billion
This is Panasonic's biggest acquisition in a decade,
 "Panasonic to buy US supply-chain software firm Blue Yonder for $7.1 billion")
Software Technology Parks of India to launch a VC fund to support start-ups
This scheme will support around 300 start-ups for the next three years by offering Rs 25 lakh risk capital and Rs 10,000 internship per startup
 "Software Technology Parks of India to launch a VC fund to support start-ups")
Covid-19 to shrink India enterprise software market growth to 3.8% in 2020
The disruption cased by Covid-19 would cause a significant decline in India's enterprise software market this year, tapering down the growth to mere 3.8 per cent (y-o-y), a new IDC report said.
 "Covid-19 to shrink India enterprise software market growth to 3.8% in 2020")
STPI's 28 new centres of excellence to spur exports, meet domestic demand
Software products exports seen rising to $80-90 billion by 2025
 "STPI's 28 new centres of excellence to spur exports, meet domestic demand")
Infosys vs TCS: Which stock is a better bet at the current levels?
Post the results, most brokerages have revised their price targets for both these stocks.
 "Infosys vs TCS: Which stock is a better bet at the current levels?")
IT-software sector remains top job creator in May, says report
Telecom and ISP has found itself on the top 10 list, registering stellar growth since 2018
 "IT-software sector remains top job creator in May, says report")
