Wipro Limited was recognized with the “Elevate Texas” award by the Texas Economic Development Corporation, the organization that markets the state as one of the world’s top locations for business. The statewide award recognizes communities, organizations and companies that are making a tremendous contribution to Texas’ economy, whether through jobs and investment, infrastructure and workforce development or other initiatives, which help to drive growth in the Lone Star State. "Wipro is truly a global leader in the IT services industry and a major force in economic development in the State of Texas," said Sanjiv Yajnik, chairman of the Board of Texas Economic Development Corporation and president of financial services at Capital One. "Azim Premji, chairman of Wipro Limited, and Abid Neemuchwala, CEO of Wipro Limited, have been active supporters of Texas. We are grateful for their partnership with the Texas Economic Development Corporation and their commitment to growing in our state." In addition to working with educators, Wipro is collaborating with First Book, a nationwide nonprofit organization with the goal to supply books to low-income schools and underprivileged students across the country. "I am honored to accept the Elevate Texas award," said Neemuchwala. "As a company with a significant presence in Texas and deep relationship with the local community, we applaud the Lone Star State’s support of the technology sector and its commitment to improving STEM education."
Xylem Commits $1M for Weather Relief
Xylem announced plans to expand its support to $1 million in contributions and volunteer time to the recovery and rebuild efforts underway in response to some of the most devastating weather events on record: hurricanes Harvey and Irma, and the severe flooding in India, Nepal and Bangladesh. The company’s actions include monetary contributions from the company and its corporate citizenship initiative Xylem Watermark, employee plus matching gift donations and an expansion of its ongoing employee volunteer initiatives in the affected areas. “Crises like these call for us all to help friends, colleagues and communities recover from devastating impact and loss,” said Patrick Decker, president and CEO of Xylem. “As communities are confronted with more severe weather events than ever before, we stand firm in our commitment to support them prepare for and recover quickly from the aftermath. Our thoughts are with all of those impacted as they begin to rebuild their lives.” Xylem will donate $100,000 and match employee donations 2-for-1 to Mercy Corps to support its work underway in South Asia to address the immediate relief needs of the millions who have been displaced or impacted by severe monsoon flooding in India, Nepal and Bangladesh. These funds will support Mercy Corps’ local partners’ efforts to implement water, sanitation and hygiene initiatives on the ground. The company is also providing funds to the Planet Water Foundation for the construction of two water towers near a disaster relief center in Maharashtra, India, where thousands have sought refuge from the floods.
ABB, Azure to Install Solar Inverters in India
ABB and Azure Power will provide solar inverters to 750 railway stations in north India to reduce dependence on traditional sources of energy. Indian Railways, which runs one of the largest railway networks in the world, carries more than 8 billion passengers annually. The 750 stations are located in the busy northern Indian part of the network, one of the most used railway corridors in the world. ABB solar inverters for this project – TRIO and PVI series – vary between 5kW to 50kW in power depending on the size of the station and as part of the ABB AbilityTM of connected solutions, the customer can ensure uptime through remote management services. They will be part of the solar installations being set up by Azure. ABB set up its solar inverter manufacturing facility in India in 2012 and contributes to approximately 40 percent of the country's solar installations. "Azure Power has superior rooftop solar power solutions for infrastructure, commercial and industrial customers in cities across India to lower their energy costs and meet their greenhouse gas emission reduction targets. We are pleased to partner with ABB and Indian Railways in reducing GHG emissions through deployment of solar energy at railway stations across India" said Inderpreet S Wadhwa, chairman and CEO, Azure Power.
S2G Ventures Leads NewLeaf Symbiotics Funding
NewLeaf Symbiotics announced that it has completed the second close of its $30 million series C financing, accelerating plans to convert proven applications of its unique biologicals platform into products for large-scale agriculture. The company’s commitment to tapping the advantages of Methylotrophic bacteria has positioned it as a leader in agricultural biologicals. S2G Ventures, a multi-stage venture fund investing in transformative food and agriculture companies joined first close lead investors Monsanto Growth Ventures and Otter Capital to finalize the oversubscribed financing. “We invest in transformative agriculture companies whose technologies and products are driving the sustainability revolution and can better align the food system to meet consumer demands,” said S2G CIO and managing director Sanjeev Krishnan. “We’ve been following NewLeaf for several years and have witnessed how the company’s innovative strategy has created a product pipeline that can move the needle in Ag biologicals.” NewLeaf will use the invested capital to commercialize seed treatment and in-furrow products for soybeans, corn, wheat, peanuts and other crops.
Elsevier Hacks Competition Winners Announced
Elsevier, the information analytics business specializing in science and health, announced the winners of its medical education hackathon. Following an intense 48 hours of pitching, ideating, designing and developing innovative solutions for medical education, a team composed of students from Australia, The Netherlands and Spain won the competition, which brought the medical students together with experts in coding and design. Med students from the U.S. and India took third place. Their team's entry was a toolset enabling medical students to translate any medical content, from lecture presentations, to textbooks or even 3D models, into a dynamic flash card study resource. Elsevier selected the finalists from more than 1,500 applicants from India, U.S., Australia, the UK, Venezuela, Jordan, The Netherlands, Germany, Mexico, Finland, China, New Zealand and Spain to participate in the 48-hour event.