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Infosys writes off investment in Waterline as third startup bet turns sour

March 11, 2020March 11, 2020 Loknath DasAs, bet, In, Infosys, investment, Off, Startup, Third, Turns, Waterline, writes

India-based multinational information technology services provider Infosys Ltd. has written off its investment in a United States startup that offers data discovery and governance software. The California-based startup called Waterline Data Inc., founded in 2013, will be acquired by a subsidiary of Japan’s Hitachi by the end of this month. This is the third startup bet that has turned sour for Infosys. The IT major had invested in Waterline through its $500 million Innovation Fund, launched in 2015. It first invested $4 million in January 2016. In March 2018, it bet a further…

One third of India’s population to suffer from hypertension by way of 2020

May 20, 2016 Srijita2020, by, From, Hypertension, India's, of, One, population, suffer, Third, to, Way

One 0.33 of India’s population is likely to suffer from hypertension via 2020, with round 20 in step with cent of the agricultural population too to be a victim, stated fitness professionals. specialists said that high blood pressure is on the verge of becoming an “epidemic” and each person with a blood stress be counted of one hundred forty/ninety is taken into consideration to be in the hypertensive category. “research show that high blood pressure is in all likelihood to come to be being a deadly disease inside the close…

Samsung the Third Most Reputed Firm in the US: Report

April 1, 2016 SrijitaFirm, In, Most, Report, Reputed, Samsung, The, Third, US

South Korea’s No.1 tech firm Samsung Electronics Co. was named the third-most reputable company in the US, an industry tracker said on Wednesday. Samsung’s rival, the top tech giant Apple Inc., remained out of the top 100, Yonhap news agency reported. According to research conducted by US-based Reputation Institute, the South Korean tech giant came in behind Amazon.com Inc. and Hallmark Cards Inc. in terms of reputation in the country. Foodstuffs maker Kellogg Company, Japanese tech giant Sony Corp. and Johnson & Johnson followed Samsung on the list. Switzerland-based watch…

Factory Output Contracts For The Third Month In A Row

March 11, 2016 Srijitaa, Contracts, Factory, for, In, Month, Output, Row, The, Third

Factory output in January contracted for the third straight month, in an indication that the manufacturing sector continues to struggle with sluggish demand and overcapacity. According to data released on Friday, factory output — measured by Index of Industrial Production (IIP) – contracted 1.5 per cent in January. The higher-than-expected decline was on account of the sharp de-growth in capital goods, whose output shrank 20.4 per cent. Consumer goods output growth was flat. 10 out of the 22 industry groups in the manufacturing sector recorded negative growth in January 2016…