Economy Current Affairs

Wipro buys HealthPlan Services

India’s third largest IT exporter Wipro Limited has acquired US based healthcare technology firm HealthPlan Services for US 460 million dollars.

This acquisition was part of the Wipro’s traditional “string of pearls” acquisition strategy and it shall help company to strengthen its position in the US health insurance market.

It will help Wipro to participate in the shift of the US health insurance industry towards a customer-centric business model as it has currently has a US 800 million dollars healthcare and life sciences business.

This is Wipro’s overall 4th acquisition in the in calendar year 2015 after it had bought Denmark-based Designit, German IT consulting firm Cellent AG and US-based Viteos Group.

HealthPlan Services: It is a leading independent technology and Business Process as a Service (BPaaS) provider in the US health insurance market that offers solutions to health insurance firms. The company was founded in 1970 and currently generates annual revenue of 223 million dollars and employs over 2,000 associates.


Maharashtra tops in Internet Readiness Index: IIRIS report

As per recently released Index of Internet Readiness of Indian States (IIRIS) report, Maharashtra has topped in terms of the overall Internet readiness index.

The report has been compiled and published by Internet and Mobile Association of India (IAMAI) and Indicus Analytics.

Key highlights of report

  • The purpose of the report was to help governments and business to leverage the strength internet penetration and suggest policy measures to be taken for improvements.
  • Internet readiness aims to give a more holistic picture of the digital ecosphere that exists in the states apart from giving status how industry-friendly each state is for investment in Information Technology (IT).
  • Top 5 states: Maharashtra, Karnataka, Gujarat, Telengana and Tamil Nadu.
  • Among smaller states: Delhi has emerged as the topmost state in terms of Internet readiness index followed by Puducherry and Goa. Chandigarh also has topped in the list.
  • North East states: They have not even figured among the smaller states indicating that much more needs to be done in the form of investment and infrastructure development in the region.

About Internet readiness index

It is a composite index measures internet penetration and usage in Indian states by using four indicators (i) mobile and internet infrastructure (ii) status of the IT service sector (iii) e-participation or use of online transactions and services by citizens (iv) e-governance services offered by the states.


India’s first Aviation Park to come up in Gujarat

Gujarat state government has decided to set up India’s first aviation park near Bagodara village in Ahmedabad district to strengthen the aviation sector.

In this regard, state government has given this task to Gujarat State Aviation Infrastructure Company Ltd (GUJSAIL) to carry out the project.

Key facts

  • It is an integrated aviation park that aims to provide a single platform for manufacturing activities and human resources related to the aviation sector.
  • GUJSAI is planning to develop this park on Public Private Partnership (PPP) model.
  • It will one-stop destination in the avenues of research, aerospace training, recreation and manufacturing.
  • This aviation park will have slew of facilities including an airstrip, helipad, training school and space for setting up small manufacturing units among others.
  • It has immense potential to create direct and indirect employment for highly-skilled resources in the area of aerospace and avionics.