1. ITC Infotech Acquires Blazeclan Technologies (Business Today & Upstox) 19^th April 2024

• What happened?

ITC Infotech acquired a 100% stake in Blazeclan Technologies for ₹485 crore. Blazeclan is known for its expertise in cloud solutions, data analytics, and digital transformation services.

• Why is it important?

This acquisition is part of ITC Infotech’s strategy to strengthen its position in the growing cloud computing and digital transformation market. With the demand for cloud-based solutions rising globally, this deal positions ITC Infotech to serve clients looking to migrate to the cloud and implement cutting-edge digital solutions.

• Impact:

Blazeclan brings a strong portfolio of services and clients, especially in sectors like BFSI, retail, and technology. This acquisition will help ITC Infotech diversify its offerings, improve operational efficiency, and enhance its global competitiveness.

2. ITC Infotech Expands to Saudi Arabia (Moneycontrol) 20^th December 2023

• What happened?

ITC Infotech has opened a wholly-owned subsidiary in Saudi Arabia, marking its entry into the Middle Eastern market.

• Why is it important?

The Middle East, particularly Saudi Arabia, is rapidly transforming into a hub for digital innovation due to its ambitious Vision 2030. This plan includes diversifying the economy and enhancing technological infrastructure. ITC Infotech’s presence in the region allows it to tap into opportunities in sectors like oil & gas, healthcare, and government digitization projects.

• Impact:

Establishing a local subsidiary enables ITC Infotech to work closely with regional clients, provide localized solutions, and build long-term relationships. This move positions ITC Infotech as a key player in the Middle East’s digital economy.

3. Sanjiv Puri Becomes CII President (Livemint) 19^th May 2024

• What happened?

Sanjiv Puri, the Chairman and MD of ITC Ltd., has been appointed as the President of the Confederation of Indian Industry (CII) for 2024–25.

• Why is it important?

As the leader of one of India’s largest conglomerates, Sanjiv Puri’s appointment enhances ITC’s reputation as an industry frontrunner. His new role at CII aligns with ITC’s commitment to sustainability, innovation, and inclusive growth.

• Impact:

Puri’s leadership at CII is likely to influence key policy decisions affecting the IT and FMCG industries. It also demonstrates ITC’s commitment to shaping India’s industrial ecosystem while promoting responsible business practices.