IBM has announced its acquisition of Bengaluru-based Prescinto, a leading provider of asset performance management (APM) software for the renewable energy sector. While the financial details were not disclosed, this strategic move aims to strengthen IBM’s Maximo Application Suite (MAS), a platform focused on asset lifecycle management. This acquisition will enhance IBM’s foothold in the rapidly growing energy and utilities ...

BENGALURU, Oct 5, 2024: In a relatively quiet week for Indian startups, 21 companies raised nearly $93 million across 16 deals, signaling a significant drop compared to the $461 million raised by 29 startups just a week prior. This week’s tally included four growth-stage deals and 12 early-stage fundings. Agriculture supply chain startup Waycool secured Rs 100 crore (approximately $12 ...

India’s space sector is set to receive a significant boost with the government earmarking Rs 1,000 crore for a venture fund dedicated to space startups. This decision, announced by Science and Technology Minister Jitendra Singh, is a clear indication of the high priority the government gives to the space sector. The announcement was made within the first 100 days of ...

In his latest foreign visit to Portugal, Indian Prime Minister Narendra Modi signed MoUs in Lisbon for creation of an India Portugal Space Alliance and launched a unique startup Portal – the India-Portugal International StartUp Hub (IPISH) – in Lisbon. While the agreements will promote India’s science and technology partnership with Portugal, towards the establishment of a unique Centre on ...