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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Odisha: Medical College expels 5 MBBS students from hostel for ragging juniors
Berhampur (Odisha), Nov 2: Five MBBS fourth-year students of government-run MKCG Medical College here were expelled from the hostel for allegedly ragging juniors, an official said on Saturday.
Earlier the five students have been rusticated from the campus for six months. The punishment was imposed as per the decision of the anti-ragging committee meeting held on Wednesday, the official said.
"The anti-ragging committee has taken such a hard decision to arrest further occurrence of ragging incidents in the medical college campus," said SP (Berhampur) Sarvan Vivek M, who is one of the members of the anti-ragging committee of the college.
Suchitra Dash, in-charge Dean of the college, however, declined to comment on the development.
The SP said they were also investigating separately against these students based on the FIR lodged. The statement of the students have been recorded by the police on Friday, he said.
While one second-year MBBS student has given a written complaint to the college authorities alleging ragging by senior students, three other complaints of ragging were lodged by parents of the students with the National Medical Council (NMC).
The NMC had directed the college authorities to inquire into the allegations and take action against the students.
After receiving the complaints from the NMC, the anti-ragging committee of the medical college inquired into the matter.
In February this year, the medical college authorities had suspended two fourth-year MBBS students for two months for ragging a second-year student.
