Mangaluru: Niveus Solutions Pvt. Ltd., an award-winning Google Cloud partner on Thursday inaugurated its largest office in the country here in Mangaluru.
Sprawling across 16,000 sq. ft, with a seating capacity of 210 staff, it is the largest office of the company in India. The company has around 300 employees working from various locations in India and Singapore.
Speaking after the inauguration of the new office, actor Rakshith Shetty said he was surprised to see Mangaluru and Udupi becoming base for a global cloud engineering organization such as Niveus. He said there was lot of untapped potential in the region, be it in technology, medicine, or even arts. When the talent gets access to the right infrastructure, there was no limit to what they could achieve, he said.
Niveus CEO Suyog Shetty said the organization has seen tremendous growth in business and operations in recent times, registering an over 300% growth year on year. The Mangaluru office offers opportunities to software professionals in the region where the immense pool of talent is available from the education hub. The setup is another key step to attracting and retaining the best of talents in the region, he said.
Niveus has been empowering industry leaders, including top private banks and leading asset management companies, and customers to leverage cloud technologies and harness the power of cloud services to build resilient infrastructures that scale. It recently expanded to the ASEAN region, setting up a hub in Singapore and onboarding new customers.
Niveus was funded in 2013 by Suyog Shetty, Rashmi George, Roshan Bava, and Mohsin Khan.
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New Delhi, Dec 5: Investors' wealth surged Rs 15.18 lakh crore in five days of market rally that took the BSE benchmark Sensex up over 3 per cent.
In the past five trading days, the BSE barometer has jumped 2,722.12 points or 3.44 per cent.
Rallying for the fifth day running on Thursday, the 30-share benchmark Sensex jumped 809.53 points or 1 per cent to settle at 81,765.86. During the day, it soared 1,361.41 points or 1.68 per cent to 82,317.74.
The market capitalisation of BSE-listed firms surged Rs 15,18,926.69 crore to Rs 4,58,17,010.11 crore (USD 5.41 trillion) in the last five sessions.
The NSE Nifty surged 240.95 points or 0.98 per cent to settle at 24,708.40 on Thursday.
"Nifty surged for the 5th straight day, closing 0.98 per cent higher at 24,708, despite intraday volatility. It joined global markets in optimism, following new highs on the Dow, S&P 500, and Nasdaq. Bank Nifty also gained 0.63 per cent, while IT stocks rallied 1.95 per cent," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.
From the 30-share pack, Tata Consultancy Services, Infosys, Titan, Bharti Airtel, Bajaj Finance, ICICI Bank, Tech Mahindra and HCL Technologies were the biggest gainers.
NTPC, Asian Paints and IndusInd Bank were the laggards.
As many as 2,141 stocks advanced while 1,825 declined and 117 remained unchanged on the BSE.
"Indian equities staged a strong rebound during the day, fuelled by robust buying in heavyweight stocks across various sectors and positive market sentiment. The upmove was further supported by Foreign Institutional Investors (FIIs), who turned net buyers, contributing over Rs 5,000 crore in the past two sessions," Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd, said.
Among sectoral indices, BSE Focused IT soared the most 1.96 per cent, while teck jumped 1.92 per cent, IT by 1.81 per cent and telecommunication 0.95 per cent. Bankex (0.68 per cent) and consumer durables (0.66 per cent) also advanced.
BSE services and realty emerged as the laggards.
The BSE midcap gauge climbed 0.27 per cent and the smallcap index went up by 0.16 per cent.
Foreign Institutional Investors (FIIs) bought equities worth Rs 1,797.60 crore on Wednesday, according to exchange data.