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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One dead in landslide, 235 rescued amid heavy snowfall in J-K’s Kishtwar
Jammu (PTI): One person was killed and another injured in a landslide near a hydro-power project, while over 230 people, including women and children, were evacuated after they were caught in heavy snowfall at the high-altitude Sinthan top in Jammu and Kashmir’s Kishtwar district, officials said on Monday.
In view of the inclement weather, the authorities have ordered the closure of all educational institutions outside the municipal limits in Kishtwar and adjoining Doda district for Monday as a precautionary measure, the officials said.
A landslide, triggered by rain, struck a hydro-power project site near Dangduru in Kishtwar district on the intervening night of Sunday-Monday, trapping two workers, the officials said.
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While one worker was later found dead, the other was rescued in an injured condition and shifted to a hospital, they said.
In another incident, the officials said, a joint rescue operation by the police, Army and the civil administration successfully evacuated 38 vehicles carrying 235 passengers to safety amid heavy snowfall at the Sinthan Top connecting Kishtwar in Jammu region with south Kashmir’s Anantnag district.
“On March 15, information was received that 235 civilians were stranded at Sinthan top due to heavy snowfall and severe weather conditions. Troops of the White Knight Corps were immediately mobilised to launch a swift rescue operation despite the treacherous terrain and relentless snowfall.
“Braving extreme weather and snow-blocked roads, the rescue teams reached Sinthan top and provided the stranded civilians with hot meals, drinking water and shelter. Repair and recovery teams restored the mobility of the stranded vehicles, while passengers from the unrecoverable vehicles were safely evacuated.
“Medical teams rendered assistance and essential medicines to those in need,” the White Knight Corps said in a post on X.
“The mission witnessed seamless coordination between the Army, J-K Police and the National Highways and Infrastructure Development Corporation, reaffirming the Army’s unwavering commitment to safeguarding lives in the harshest conditions,” the post added.
Kishtwar Deputy Commissioner Pankaj Kumar Sharma, along with SSP Naresh Singh and the commanding officer of the 11 Rashtriya Rifles, supervised the rescue operation, which continued for several hours, the officials said.
