HCL Tech to buy Volvo’s IT business for $138 million

HCL Technologies will buy Swedish commercial vehicles major Volvo Group’s external IT business for $138 million (around Rs 895 crore) in an all cash deal. Volvo Group will also outsource its IT infrastructure operations to HCL Technologies for an undisclosed contract value for five years. The Volvo Group and HCL have signed a letter of intent, awaiting the signing of […]

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Virender Sehwag retires from international cricket and IPL

Virender Sehwag, on Tuesday (October 20), made public his decision to retire from all forms of international cricket as well as from the Indian Premier League (IPL). The 37-year-old brings down the curtains on a glorious international career that spanned 16 years and which saw him aggregate 17,253 runs across all formats. The announcement comes in the aftermath of his […]

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Google buys stake in $300 million China startup Mobvoi

Google will take a minority stake in Beijing-based artificial intelligence firm Mobvoi as part of a $75 million fundraising round, the startup said on Tuesday, as the US search giant tries to rebuild its presence in China. Mobvoi works on artificial intelligence (AI) voice-controlled software, like that used in Google’s Android products for mobile search, and also develops hardware like […]

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