Infosys has entered into strategic collaboration with Amazon Web Services (AWS) to develop quantum computing capabilities and use cases. Infosys will use Amazon Braket to explore and build multiple use cases in quantum computing as part of Infosys Cobalt cloud offerings. Amazon Braket is a fully managed quantum computing service that helps scientists and developers get started with the technology and accelerate research and discovery.
Jubilant Foodworks has entered into Share Subscription Agreement and Shareholders' Agreement both dated September 22, 2021 to acquire 25.02% stake in Wellversed Health. This investment reflects the company's intent of making strategic investments in promising start-ups and emerging businesses and is in line with the stated goal of building a multi-brand and multi-country food business powered by technology.
Sterlite Technologies (STL) has launched Accellus, its flagship solution for 5G-ready, open and programmable networks. This new product line elevates STL’s position as a disruptive solution provider for Access and Edge networks. Over the past 5 years, STL has been investing in R&D to expand its capabilities in converged networks based on optical fiber broadband and Open Radio Access Network (Open RAN).
Adani Ports and Special Economic Zone (APSEZ) has signed the appropriate transaction documents and simultaneously completed the acquisition of 10.4 per cent stake of Gangavaram Port from Government of Andhra Pradesh. Further, the company said it has paid Rs 644.78 crore for the 10.4 per cent stake.
Federal Bank has entered into a strategic alliance with OneCard and launched a mobile-first credit card that aims to provide a seamless digital experience to the young, tech-savvy population across the country.
Ashok Leyland has signed an initial pact with private sector lender Federal Bank for a strategic partnership for vehicle financing. The tie-up will enable both Ashok Leyland and Federal Bank to offer tailor-made financial solutions to customers.
Vodafone Idea will seek board approval afresh to raise funds after the government issues detailed guidelines on telecom reform measures, and its promoters will get a chance to participate in the fundraising round.
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