The global e-commerce giant has acquired the remaining 74% stake in the publishing business of Tata-owned Westland for Rs 39.8 crore, expanding its presence in India books market. Earlier this year, the online marketplace had acquired a 26% stake in the business.
The acquisition will enable authors of Westland, a subsidiary of Tata Group firm Trent, to grow their physical and digital book businesses in India as well as expand their reach to customers globally, the company said.
The centre has passed a mandate requiring phone manufacturers to support Indian languages in all handsets to be sold in the country from July 1, 2017, onward. The new standard mandates companies to provide message typing facility in English, Hindi and a regional language of their users choice. The order is line with the govt's Digital India vision.
The former HCL Tech CEO, who resigned from his high-profile post to launch a Rs 100 crore tech fund to invest in startups, said his company will work with global companies to help them in creating innovative intellectual property.
He said because most executives in big firms are tasked with growth and operations, innovation takes a backseat, and that's where his company can help in coinnovation. Gupta said he will be creating a group of 25-30 people – from software architects to designers – to work with these companies.
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