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News Source : Software


Larsen & Toubro Infotech acquires Ruletronics for $7.48 million
The enterprise value payable for the acquisition of 100 per cent share capital of Ruletronics is USD 7.48 million, including up-front consideration and earn-outs, LTI said in a BSE filing.

Your income tax return will soon be processed in one day; Infosys to develop integrated e-filing system
Infy will develop a new income tax filing system for Rs 4,241.97 cr, cutting down processing time for returns.

Apax pumps in $200 mn in AI company Fractal Analytics
The company will use the investment by the Apax Funds to accelerate growth, both organically and through M&A, and to invest further in AI products and research.

Microsoft to set up 10 AI labs, train 5 lakh youth in India
Microsoft AI today is fuelling digital transformation for over 700 customers and 60 per cent customers are large manufacturing and financial services enterprises.

Sky-high salaries for blockchain pros
Blockchain skills will get you double, or even triple, the salary of a software engineer.

Microsoft to end all support for 'Windows 7' in 2020
Even though Microsoft ended mainstream support for "Windows 7" in January 2015, the software giant has now decided to put a final halt on the roll-out of free security patches also for the operating system (OS) next year.

Winning software products race must top agenda
India’s digital public platforms will unlock new software product singularities unlocking hundreds of billions in economic value.

AGC Networks completes acquisition of Black Box Corporation
The acquisition will add $600 million to AGC’s revenue, taking the company’s combined revenue to over $750 million, and global headcount to more than 4,000 people.

IBM receives 9,100 patents in 2018; India second highest contributor
IBM inventors from India received over 800 of patents, the second highest contributor to the global record tally, it added.

Eka to offer more solutions to commodity business
The company plans to build on the platforms to help come up with solutions that lets commodity businesses stay future ready

Google wins U.S. approval for new radar-based motion sensor
Google says the virtual tools can approximate the precision of natural human hand motion and the sensor can be embedded in wearables, phones, computers and vehicles.

You won't be able to use WhatsApp on these devices in 2019
Users of Nokia Series 40 device will no longer be able to create new WhatsApp accounts and some features of the app could stop functioning on the device at any time.

Training machines sans bias will only augment humans: AWS executive
Last year, Facebook Artificial Intelligence Researchers (FAIR) had to shut down one of its Artificial Intelligence (AI) systems after chatbots started speaking in their own language, defying the codes provided.

Microsoft 'Intelligent Cloud Hub' to build AI-ready workforce in India
The dedicated AI infrastructure and Internet of Things (IOT) hub programme will equip selected research and higher education institutions with AI infrastructure

2018’s mobile downloads @ 9Mbps
Global download speed also rose 15% in the same period. Fixed broadband download speed in India rose 50% to 23Mbps, which was half the global level.

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