 HCL Technologies has acquired German IT and engineering services provider H&D International Group. Through this deal, HCL Tech will attain significant in-country front office and delivery capabilities, which will further enhance its domain expertise in the global automotive sector. The H&D Group, one of the largest IT service providers in the German automotive industry, has extensive expertise in SAP, computer-aided technologies (CAx), engineering services and customer-specific product development. It operates in over 20 locations globally. |
| Source- The Hindu Business Line |
 Microsoft has acquired Flipgrid, an education start-up with an app that lets students record and share videos on specific topics with their classmates. Microsoft is making Flipgrid free of charge. Schools that already have subscriptions will receive prorated refunds. The acquisition comes one and a half years after Microsoft announced a partnership with Flipgrid. |
| Source- The Guardian |
 Flipkart-owned PhonePe has partnered cab aggregator Ola that will allow riders to book rides using the former’s payment platform. With this partnership, users can enjoy the ease of using their preferred ride-sharing app from within PhonePe while being assured of the reliability and integrity of their payments. PhonePe has also added ‘Auto-pay’ featurethat allows users to make payments seamlessly. |
| Source- The Hindu |
 Indian Oil Corporation has emerged as India's most profitable state-owned company for the second consecutive year. Indian Oil posted a record profit of Rs21,346 crore in 2017-18, followed by ONGC, whose profit stood at Rs19,945 crore. Mukesh Ambani-led Reliance Industries is the most profitable company for the third straight year, posting highest ever profit of Rs36,075 crore. |
| Source- The Indian Express |
 Infosys has completed the acquisition of WongDoody Holding Company, a US-based digital creative and consumer insights agency, for a total consideration of upto $75 million. Founded in 1993, WongDoody has clients across industries like telecommunications, consumer electronics, healthcare and consumer packaged goods. |
| Source- Zee News |
 Software giant Microsoft has surpassed Google’s parent company Alphabet in market capitalisation for the first time in three years. Microsoft has now become the third most valuable firm globally after Apple and Amazon. Microsoft had a market cap of $753 billion at the close of trading, almost $14 billion ahead of Alphabet. While Apple leads with a market cap of nearly $924 billion, Amazon is at a distant second, with nearly $783 billion. |
| Source- The Times of India |
 BMGI, a global management consulting firm, has entered into a strategic partnership with SmartConnect Technologies, which provides Social / Digital Process Transformation through its IP-suite UNFYD®COMPASS across Marketing, Sales, Customer Service, mobility and field service operations. |
| Source- ANI News |
 E-Way Bill system for intra-State movement of goods will be implemented in seven more states and Union Territories from 27th May 2018. The States are Maharashtra, Manipur, Chandigarh, Andaman and Nicobar Islands, Dadra and Nagar Haveli, Daman and Diu and Lakshadweep. |
| With this, the number of States, where the system is being implemented, will go up to 27. As per the decision of the GST Council, e-Way Bill system has been rolled out from 1st of April this year. |
| Source- All India Radio (AIR News) |
 Leading digital financial services platform, MobiKwik, announced the launch of Unified Payments Interface (UPI) on its platform via its own Virtual payment address (VPA) handle @ikwik. MobiKwik's users can, by default, use their mobile number as their own VPA which will be '@ikwik'. |
| hey will also be able to link multiple bank accounts with just one VPA and users can change primary account as per their requirements. MobiKwik is the first in the industry to offer UPI access to a huge base of three million merchants on its app. |
| Source- The Moneycontrol |
 Reliance Industries Ltd. (RIL) has received environment clearance for the expansion and optimisation of its petrochemical complex at Nagothane in Raigad district of Maharashtra at an estimated cost of Rs 2,338 crore. The proposal is to expand the gas cracker and downstream plants located at Nagothane village in Raigad district by way of debottlenecking, expansion and change of fuel in a captive power plant (CPP). |
| Source- The Moneycontrol |
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