logo
Sonata Software Collaborates with IISc's Foundation of Science Innovation and Development

Sonata Software Collaborates with IISc's Foundation of Science Innovation and Development

PRNewswire
Bengaluru (Karnataka) [India], June 11: Sonata Software (NSE: SONATSOFTW) (BSE: 532221), a leader in Modernization Engineering, has announced its strategic partnership with IISc's Foundation of Science Innovation and Development (FSID). The three-year collaboration aims to create an ecosystem that leverages Artificial Intelligence (AI) and its emerging areas to reimagine enterprises of the future backed by advanced research in Computer Science. Collaboration to Power AI-Driven Scientific Research and Champion Adoption of Responsible-first AI Approach.
As the world faces rapid and disruptive technological advancements, the necessity for a collaborative ecosystem - comprising students, government bodies, academia, and corporations - to proactively remain proficient in cutting-edge skills has never been more critical.
Aligned to Sonata Software's 'Responsible-first' philosophy, this partnership recognizes the importance of responsible AI innovations. By equipping individuals and organizations with necessary skills, partnerships and frameworks, this initiative aims to unlock next-generation opportunities presented by AI-led advancements, while ensuring unwavering commitment to ethics, trust, privacy, security, and compliance. This approach enhances their potential to create value through cutting-edge innovations, interconnected ecosystems, and widespread efficiencies.
This initiative will specifically support the Department of Computer Science and Automation (CSA) at IISc, enabling key stakeholders to engage in research activities that address contemporary challenges and opportunities in AI and emerging technologies.
The initiative will focus on four key objectives:
- Promoting Outreach and Education Programs: Engaging students and communities to enhance awareness and skills in technology.
- Supporting Scientific Research Activities: Facilitating cutting-edge research in Software Engineering and Responsible AI.
- Enhancing Research and Education Infrastructure: Upgrading facilities to enable Advanced Research and Learning Experiences.
- Incubating Startups in AI: Providing a platform for entrepreneurial ventures that contribute to the AI landscape.
"We are happy to partner with Sonata Software in this effort, which is a significant step toward enriching the academic experience for our students and faculty," stated Prof B Gurumoorthy, Director of FSID, Indian Institute of Science. "By aligning education with industry needs, particularly in the rapidly evolving field of AI, we are not only enhancing our students' skill sets but also driving forward the crucial goal of responsible innovation in technology."
"At Sonata Software, we believe that fostering AI education and research is key to unlocking innovative solutions for a sustainable future," said Rajshekar Datta Roy, Chief Technology Officer at Sonata Software. "Partnering with IISc-- a globally acknowledged premier institute for advanced scientific and technological research and education --enables us to nurture talent and drive transformative advancements in AI. Together, we aim to create a platform that not only prepares the ecosystem for future challenges but also champions Responsible-first practices to ensure ethical advancements in technology."
About Sonata Software
In today's market, there is a unique duality in technology adoption. On one side, extreme focus on cost containment by clients, and on the other, deep motivation to modernize their Digital storefronts to attract more consumers and B2B customers.
Sonata Software, with $1 Billion Revenue, is the leading Modernization company. Our unique Modernization approach through Platformation.AI helps create Efficient and Agile digital businesses to drive intelligent ecosystems of the future. Our bouquet of Modernization Engineering Services cuts across Data, Cloud, Dynamics, Automation, Cyber Security, and around newer technologies like Generative AI, Microsoft Fabric, and other modernization platforms.
Our unique and innovative Responsible-first AI offering Sonata Harmoni.AI is a comprehensive platform powered by GenAI and encompasses a variety of industry solutions, service delivery platforms, and accelerators. It is distinguished by its embedded ethics, privacy, security, and compliance. We enable our clients to leverage AI in three different ways: i) driving efficiencies, ii) driving higher consumer experience/modern sales, and iii) driving innovative business models.
Headquartered in Bengaluru, India, Sonata Software has a strong global presence, including key regions North America, UK, Europe, APAC, and ANZ. We are one of the fastest growing IT Services companies and a trusted partner of Fortune 500 companies in Banking, Financial Services and Insurance (BFSI); Healthcare and Lifesciences (HLS); Telecom, Media, and Technology (TMT); and Retail, Manufacturing and Distribution (RMD) space.
Sonata Software boasts of a very strong partnership with Microsoft, AWS and many others. We are proud member of Microsoft AI Partner Council and have also achieved AWS Generative AI Competency. Also, we are member of the prestigious Inner Circle for Microsoft Business Applications and Featured and Launch Partner for Microsoft Fabric.
About the Indian Institute of Science (IISc)
The Indian Institute of Science (IISc) was established in 1909 by a visionary partnership between the industrialist Jamsetji Nusserwanji Tata, the Mysore royal family and the Government of India. Over the last 114 years, IISc has become India's premier institute for advanced scientific and technological research and education. Its mandate is "to provide for advanced instruction and to conduct original investigations in all branches of knowledge as are likely to promote the material and industrial welfare of India." In 2018, IISc was selected as an Institution of Eminence (IoE) by the Government of India, and it consistently figures among the top Indian institutions in world university rankings.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Housing supply in the top 15 Tier-2 cities drops by 35% in Q1 2025, with 90% of the new inventory priced below ₹2 crore
Housing supply in the top 15 Tier-2 cities drops by 35% in Q1 2025, with 90% of the new inventory priced below ₹2 crore

Hindustan Times

timean hour ago

  • Hindustan Times

Housing supply in the top 15 Tier-2 cities drops by 35% in Q1 2025, with 90% of the new inventory priced below ₹2 crore

Housing supply in the top 15 Tier-2 cities, including four cities of Gujarat, Ahmedabad, Gandhinagar, Surat, and Vadodara, fell by a whopping 35% to 30,155 units in the January-March period of 2025, with 48% of the supply in the ₹50L-1 crore price range, said a report by NSE-listed real estate data analytics firm PropEquity. The supply stood at 45,901 units, with 36% of the launches in the price range of ₹50L-1crore in Q1 2024. Bhubaneshwar witnessed the highest decline, at 72% to 772 units in Q1 2025, while Nashik saw the least decline, at 2% to 2466 units. In the Ahmedabad real estate market, the supply fell by 35% to 11,096 units from 17,108 units in Q1 2024. In terms of supply going up, Coimbatore is the only city witnessing a 127% increase in housing supply from 477 to 1,077, the report said. Also Read: Housing sales in top 15 Tier 2 cities fall 8%, sales value up 6% in Q1 2025: Report The report further added that Eastern and Central India, with a 68% fall in new launches in Q1 2025, saw the highest decline, followed by 55% in Northern India, 28% in Western India and 26% in Southern India. The seven State Capitals in the top 15 tier 2 cities saw a 43% decline in supply in Q1 2025. Samir Jasuja, Founder and CEO, PropEquity, said, 'The decline in supply is a result of a cautious approach and shifting priorities by developers. Financially robust developers with a strong balance sheet look to launch premium homes in order to increase their profit margin. As a result, the supply of homes under ₹50 lakh has seen a consistent decline due to its unviability. Meanwhile, homes priced between ₹1-2 crore have seen supply share increasing from 18% to 23%.' 'With home loan rates hovering around 8-8.5%, the recent reduction of 50bps in repo rate by the RBI will further drive down the home loan rates, thereby providing an impetus in the ₹50L-2cr priced homes in tier 2 cities," Jasuja said. 'The tier 2 cities present a huge opportunity for corporates and developers as massive infrastructure development and the government's focus on making these cities as growth drivers will enable end-user demand," Jasuja said. Also Read: Mumbai's unsold luxury housing inventory rises 36% in Q1 2025 after two-year decline: ANAROCK Housing units priced under ₹2 crore accounted for 95% of the total supply in Q1 2025, up from 87% in the same period last year. The report said the supply of units priced under ₹50 lakh more than halved to 7,124 units in Q1 2025, as against 15420 units in the same period last year. Its share of the total supply fell from 33% to 24% in Q1 2025. Similarly, the supply of units priced between ₹50 lakh and ₹1 crore dipped by 12%, and its share rose from 36% to 48% in Q1 2025. The supply of units priced between ₹1-2 cr fell by 17% and its share rose from 18% to 23% in Q1 2025. Also Read: Over 29,000 complaints filed by homebuyers against 5,500 real estate projects in Maharashtra: MahaRERA data The supply of units priced ₹2 crore and above dipped by 73% in Q1 2025, and its share dipped from 13% to 5%. State Capitals saw a 90% drop in the supply of units priced under ₹50 lakh and a 13% drop in the supply of units priced between ₹50 lakh and ₹1 crore in Q1 2025. However, the supply of units priced between ₹1-2 crore rose by 31%, the report said.

Integrum Energy and Connplex Cinemas receive regulatory nod for IPOs
Integrum Energy and Connplex Cinemas receive regulatory nod for IPOs

Time of India

timean hour ago

  • Time of India

Integrum Energy and Connplex Cinemas receive regulatory nod for IPOs

Integrum Energy Infrastructure and Connplex Cinemas received regulatory approvals to move ahead with their respective initial public offerings (IPOs). Integrum Energy Infrastructure IPO gets BSE approval Integrum Energy Infrastructure has received clearance from the BSE. The company plans to raise funds through a fresh issue of up to 49.50 lakh equity shares, along with an offer for sale of up to 5.40 lakh shares, bringing the total issue size to up to 54.90 lakh equity shares, each with a face value of Rs 10. The company will use the IPO proceeds to meet working capital requirements, invest in its subsidiary Integrum Green Assets Private Limited for setting up a solar power plant for commercial and industrial (C&I) customers, fund acquisitions, and for general corporate purposes. Beeline Capital Advisors Private Limited is the Book Running Lead Manager and Integrated Registry Management Services Private Limited is the Registrar to the issue. Founded in 2021 and headquartered in Bengaluru, Integrum Energy provides customized clean energy solutions in the solar, wind, and hybrid segments. The company is currently developing a solar project in Karnataka. For the year ending March 31, 2024, it reported revenue of Rs 233.24 crore, EBITDA of Rs 20.76 crore, and profit after tax (PAT) of Rs 15.15 crore. Live Events Connplex Cinemas approved by NSE Emerge Connplex Cinemas Limited has received in-principle approval from NSE Emerge for its IPO comprising a fresh issue of up to 51 lakh equity shares of Rs 10 each. The proceeds will be used to purchase a corporate office, acquire LED screens and projectors, and meet working capital and general corporate needs. Connplex operates under the brand name 'CONNPLEX' and focuses on bringing luxury cinema experiences to Tier 2, 3, and 4 cities. The company features recliner seating, advanced AV systems, and operates revenue streams through ticketing, food and beverages, advertisements, and private events. Beeline Capital Advisors is the Book Running Lead Manager and MUFG Intime India Private Limited is the Registrar to the issue. For the year ending March 31, 2024, Connplex posted revenue of Rs 60.30 crore, EBITDA of Rs 6.19 crore, and PAT of Rs 4.09 crore. For the half-year ending September 30, 2024, revenue stood at Rs 40.69 crore, EBITDA at Rs 12.83 crore, and PAT at Rs 9.61 crore.

Sensex ends 823 pts lower; Nifty below 24,900 level; realty shares tumble
Sensex ends 823 pts lower; Nifty below 24,900 level; realty shares tumble

Business Standard

time2 hours ago

  • Business Standard

Sensex ends 823 pts lower; Nifty below 24,900 level; realty shares tumble

The key equity indices ended with major cuts today, as global sentiment remained cautious. Investor mood was weighed down by lingering uncertainties surrounding the partial U.S.-China trade agreement, which offered limited clarity and left room for potential tariff escalations. The Nifty ended below the 24,900 level. The market was volatile due to the weekly expiry of the Nifty F&O series today. All the sectoral indices on the NSE ended in red. As per provisional closing data, the barometer index, the S&P BSE Sensex, tanked 823.16 points or 1% to 81,691.98. The Nifty 50 index slipped 253.20 points or 1.01% to 24,888.20. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index declined 1.52% and the S&P BSE Small-Cap index fell 1.38%. The market breadth was weak. On the BSE, 1,286 shares rose and 2,723 shares fell. A total of 142 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 2.54% to 14.02. Buzzing Index: The Nifty Realty index slipped 1.68% to 1,010. The index rose 0.09% in the past trading session. Anant Raj (down 2.95%), Phoenix Mills (down 2.9%), Godrej Properties (down 2.41%), DLF (down 2.35%), Sobha (down 2.12%), Brigade Enterprises (down 2%), Macrotech Developers (down 1.86%), Prestige Estates Projects (down 1.31%), Raymond (down 0.98%) and Oberoi Realty (down 0.53%) declined. Stocks in Spotlight: Sterlite Technologies (STL) surged 9.40% after the company announced it secured a Rs 2,631 crore contract from BSNL for building and maintaining the middle-mile network under BharatNet in Jammu & Kashmir and Ladakh. Tanla Platforms surged 8.46% after the company announced that its board will meet on Monday, 16 June 2025, to consider a proposal for the buyback of equity shares and other related matters. SEPC surged 4.21% after it bagged a letter of award worth Rs 650 crore from Parmeshi Urja for the engineering, procurement, and construction (EPC) of a 133 megawatt (AC) solar power project spread across 26 locations in Maharashtra. Shakti Pumps India advanced 2.76% after the company announced that it has received a letter of award (LoA) worth Rs 114.58 crore from the Maharashtra Energy Department Agency (MEDA). Zee Entertainment added 1.25% after the company announced that its board will meet on Monday, 16 June 2025, where an investment banker will present and discuss the companys growth initiatives for the next three to five years. NIBE rose 0.21%. The firm has received a purchase order from one of the leading Infra and Defence companies for the supply of Armor Plate MIL12560 (ARMOUR) for a total consideration of Rs 23.33 crore. H.G. Infra Engineering fell 1.83%. The company announced that it has been declared the lowest (L1) bidder for the role of Transmission Service Provider (TSP) for the development of an Inter-State Transmission System (ISTS) in the state of Odisha. Canara Bank fell 1.37%. The bank announced a 50 basis points (bps) reduction in its Repo Linked Lending Rate (RLLR), bringing it down from 8.75% to 8.25%, in line with the Reserve Bank of Indias latest repo rate cut. Global Markets: US Dow Jones futures were down 265 points, signaling a weak start for Wall Street. European markets traded lower on Thursday after the UK economy shrank more than expected. The U.K. economy shrank by a larger-than-expected 0.3% in April from Marchthe biggest monthly drop since October 2023. U.K. goods exports to the U.S. dropped 2 billion pounds ($2.71 billion) in April, according to the Office for National Statistics, the biggest monthly drop since records began in 1997. The value of exports was the lowest since February 2022, with the ONS saying the shift was likely linked to the implementation of tariffs on goods imported to the United States. U.S. imports to the U.K. fell by 400 million pounds for the month. Asian stocks ended mixed as investors reacted to U.S. President Donald Trumps statement that a trade agreement with China was done, pending final approval from both himself and Chinese President Xi Jinping. Trump indicated that the deal would include a 55% tariff on Chinese imports, a figure later confirmed by Commerce Secretary Howard Lutnick, who stated that tariffs would remain at that level. In the U.S., major indices closed lower overnight. The S&P 500 fell 0.3%, while the NASDAQ Composite fell 0.5%. The Dow Jones Industrial Average closed flat at 42,865.77 points. According to Trumps social media post, the agreement framework includes Chinese supply commitments for magnets and rare earth elements, while the U.S. would continue to permit Chinese students to attend American universities. Trump emphasized that the U.S. would maintain a 55% tariff, while China would impose a 10% tariff in return. Separately, U.S. inflation data showed the Consumer Price Index (CPI) rose 2.4% year-over-year in May, slightly above Aprils 2.3%. On a monthly basis, CPI growth eased to 0.1%. Market participants are now focused on upcoming Producer Price Index (PPI) figures and weekly jobless claims for additional signals on the health of the U.S. economy.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store