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Time of India
14 minutes ago
- Time of India
Cisco says open to 'opportunistic acquisitions' to achieve vision
SAN DIEGO: The US multinational Cisco that it is ready to acquire companies opportunistically, strategically aligning to achieve a broader vision. "If an acquisition can help accelerate achieving vision, then we won't be shy to apply our knowledge into it," Jeetu Patel, President and Chief Product Officer at Cisco Systems , told ET, adding that the company's "acquisition strategy is opportunistic." In more than 30 years, the US multinational acquired over 200 mid-to-large sized companies. Cisco is aggressively driving its artificial intelligence (AI)-led portfolio across networking, security and data centres. Last year, San Jose-based Cisco acquired Splunk in a $28 billion deal in a bid to advance AI-driven portfolio and future-proof its customers. The merger enabled Cisco to become one of the largest software companies worldwide. "If something comes up that we think is going to go on further or pause, we won't be shy to deploy our balance sheet, but otherwise we are building, we are going to be great builders first, and we will acquire opportunistically when we want to make sure that we can augment in the building exercise," the top executive said. Back in 2020, it had also acquired ThousandEyes Inc., a cloud intelligence platform provider to offer customers a visibility into the digital delivery of applications and services over the internet, enabling them to find deficiencies and improve network and application performance across enterprise and cloud networks. In 2017, Cisco acquired AppDynamics which is now a part of the company's Observability portfolio. The company said that it is reinventing infrastructure for the next wave of AI. "The success of AI as we go forward is this notion of trust where safety and security are prerequisites for AI taking off," Patel said separately. "Cisco is the infrastructure provider that's going to work with the ecosystem for AI build-outs and we are going to make sure that we help with the transition to the agentic era for every company of every size whether it's a hyperscaler, neocloud, service provider or an enterprise of any size or scale." With an array of innovations around feature-proofing workplaces, Cisco said that it has refreshed and simplified its portfolio to make it more user-friendly. These include Agile Service Networking, Unified Nexus Dashboard, Live Protect, Unifying Catalyst and Meraki, Smart Switches, and Cisco Cloud Control. (The author is attending Cisco Live 2025 at the invitation of Cisco Systems)
Time of India
an hour ago
- Time of India
Mining sector seeks subsidy, lower GST to push electric HEMM adoption
The Federation of Indian Mineral Industries ( FIMI ) has urged the government to offer a subsidy of ₹10,000–15,000 per kWh on electric Heavy Earth Moving Machinery (HEMM) , citing steep costs as a key hurdle to adoption, ET reports. 'Electric HEMMs are priced nearly three times higher than diesel models, making them economically unviable for most operators,' the industry body said in a new report. To further ease the transition, FIMI also recommended a uniform 5per cent GST on retrofit kits used to convert diesel trucks to electric. Currently, these kits are taxed by individual components, often attracting GST rates over 18per cent. The proposals aim to support India's push towards cleaner industrial practices and reduce dependence on fossil fuels.
Economic Times
6 hours ago
- Economic Times
US Stock market: Wall Street nears all-time high, Tesla share price soars
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