Infosys invests Rs.9.75 crore more in US data firm
Bengaluru: Global software major Infosys Ltd on Thursday said it made a follow-on investment of $1.5 million (Rs.9.75 crore) in Waterline Data Science, a US-based data discovery and data governance software firm.
"The follow-on investment of $1.5 million has been made in cash through the Infosys Innovation Fund," said the IT major in a regulatory filing on the BSE.
The firm initially invested $4 million (Rs 26 crore) in the Delaware Corporation company in January 2016.
"Waterline provides data scientists and business analysts a self-service data catalogue to help discover, understand and provision data, and an automated data inventory that enables agile data governance across metadata, data quality and data lineage," it said in the filing.
The investment is expected to be completed by April 6.
With the combined investment, Infosys will have a minority holding, which is less than 20 per cent of Waterline's share capital.
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'Betrayal of people's mandate': Tejashwi on Nitish's Rajya Sabha entry
Patna (PTI): RJD leader Tejashwi Yadav on Thursday said Bihar Chief Minister Nitish Kumar's decision to enter the Rajya Sabha was a "betrayal" of the people's mandate.
Yadav, the leader of the opposition in the state assembly, alleged the BJP has always been opposed to Dalits and OBCs, and with Kumar leaving the CM's post, it will seek to implement its agenda in the socialist stronghold.
"The BJP has done a Maharashtra in Bihar," he said.
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"We have been saying from the very beginning that the BJP will not let Nitish Kumar remain the chief minister after the elections. This is exactly what has happened. This development is against the mandate of the people and amounts to a betrayal of it," he said.
Alleging that the BJP had "hijacked" Kumar, Yadav said that was the reason the veteran leader was now moving to the Rajya Sabha.
"BJP is against OBCs and Dalits. They never want a leader from these communities to occupy the top post. They want a chief minister who will function like a rubber stamp for the top BJP leadership," he alleged.
"I had said -- 'Nitish ji ko ghoda toh chadhaya hai dulha banake, lekin phera kisi aur ke saath dila raha hai' (They made Nitish Kumar mount the horse like a groom, but are getting someone else to take the wedding vows)," he added.
Kumar, the state's longest-serving chief minister, filed nomination papers for the Rajya Sabha polls, paving the way for the first BJP-led government in the state.
