Qlik bullish on India, aims to cross 1,000 customer base this year
Located in Mumbai, this strategic investment enhances Qlik's global cloud infrastructure and deepens its long-term commitment to the Indian market, meeting the growing demand for local data storage, regulatory compliance, and advanced AI capabilities.
Besides, he said, the company is making a lot of investment in advisory services, and through that, vertical guidance is provided to customers in terms of data environment and data strategies for achieving greater efficiency. Qlik senior vice president (APAC) Maurizio Garavello said India headcount has doubled in the last 16 months, and hiring would continue as business is growing in the market. Go big is the direction that top management has given as far as the Indian market is concerned, Garavello added. The US-based IT company, earlier this month, unveiled a new agentic experience to drive faster decisions and boost productivity by bringing new simplicity to complex data-driven workflows. Besides, the company launched Open Lakehouse, a fully managed Apache Iceberg solution built into Qlik Talend Cloud. The agentic experience will provide a single, conversational interface, allowing users across the enterprise to interact naturally with data, using specialised AI agents to quickly uncover insights, drive faster decisions, and boost productivity, bringing new simplicity to complex data-driven workflows.
At the heart of this continuous innovation is the Qlik engine, a unique technology that indexes relationships across data, enabling the discovery of unexpected connections.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
24 minutes ago
- Mint
Q1 results today: Infosys, Bikaji Foods, Bajaj Housing Finance, Coforge, Dr Reddy's, Tata Consumer Products on July 23
Q1 results today, on July 23: Infosys, Coforge, Dr Reddy's Laboratories, Bajaj Housing Finance, Bikaji Foods International, and Tata Consumer Products are among at least 58 companies scheduled to release their earnings report on Wednesday, July 23. Overall, over 95 firms are listed to announce their Q1FY26 results during the week of July 21-27. These include big names such as Infosys, Paytm, Nestle India, Eternal, Dixon Technologies, and IRFC, among others. Investors are keenly watching these for corporate announcements, forward looking statements, revenue outlooks, and share prices, to make calculated investment decisions. At least 58 companies are set to release their Q1 earnings on Wednesday, July 23. These include many marquee companies such as Infosys, Dr Reddy's Labs, Bikaji Foods, Coforge, Bajaj Housing Finance, Tata Consumer Products and SRF. Firms releasing their earnings today include, Aditya Birla Real Estate, Bajaj Housing Finance, Bikaji Foods International, Coforge, Dr. Reddy's Laboratories, Infosys, Maharashtra Scooters, Oracle Financial Services Software, PCBL Chemical, Persistent Systems, Sapphire Foods India, SRF, Supreme Petrochem, Syngene International, Syrma SGS Technology, Tata Consumer Products, Tata Teleservices (Maharashtra), and Westlife Foodworld among others. Infosys ended 2024-25 with large deals worth $11.6 billion, down 34 per cent year-on-year (YoY); and with its order book lacking contracts valued above $1 billion — essential in filling an IT outsourcer's revenue coffers. Still, analysts are confident of CEO Salil Parekh's acquisitions. Infosys is expected to post the fastest revenue growth among the top five Indian IT players, of up to 3.5 per cent sequentially, showed a Mint analysis of at least five brokerages. This optimism follows a lacklustre show by the rest of the top five in the first quarter of 2025-26. Overall, macroeconomic uncertainty leading to clients holding off on their tech spends is only expected to worsen the road ahead for the country's second-largest IT services provider should it not report a robust deal pipeline. The domestic equity market indices, Sensex and Nifty 50, are expected to open higher today, on upbeat global market cues. Internationally, the Asian markets traded higher after the United States-Japan trade deal, while the US stock market ended mixed overnight, with the S&P 500 posting record-high close. On previous close, the Indian stock market indices ended the volatile session on a flat note with negative bias. The Sensex fell 13.53 points, or 0.02 per cent, to close at 82,186.81, while the Nifty 50 settled 29.80 points, or 0.12 per cent, lower at 25,060.90. Ajit Mishra – SVP, Research at Religare Broking advised, 'The market continues to lack clear direction amid mixed earnings announcements and muted global cues. Traders should adopt a hedged approach and focus on fundamentally strong counters, with an emphasis on earnings performance.' Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
24 minutes ago
- Economic Times
GNG Electronics IPO opens with robust 44% GMP. Should you subscribe?
GNG Electronics launched its IPO aiming to raise Rs 460 crore through fresh issue and offer for sale, showing strong financials and investor interest with a 44% GMP. The company will use the proceeds to repay debt and for general corporate purposes. Brokerages recommend subscribing, citing GNG's scale, growth, and strategic positioning in the refurbished electronics market. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads GNG Electronics kicked off its IPO today aiming to raise Rs 460 crore through a combination of fresh issue and offer for sale. Riding on strong financials and investor interest, the IPO is debuting with a notable grey market premium (GMP) of 44%, indicating a healthy issue comprises a fresh equity raise of Rs 400 crore and an offer for sale worth Rs 60.44 crore by existing shareholders. The IPO is priced in the range of Rs 225–237, translating to a P/E of 33.3x on FY25 of the issue, the company raised Rs 138 crore from anchor investors on July 22, allocating over 58 lakh Electronics is a prominent player in the refurbished ICT (Information and Communication Technology) device segment. The company operates under the brand 'Electronics Bazaar' and offers end-to-end lifecycle solutions — from sourcing to refurbishment, distribution, after-sale service, and buyback clients include major retail and OEM brands such as Vijay Sales, HP, and GNG has reported strong growth. Revenue rose 24% year-on-year to Rs 1,420 crore in FY25, while profit after tax jumped 32% to Rs 69 from the issue will be primarily used to repay outstanding borrowings of the company and its UAE-based subsidiary, Electronics Bazaar FZC, with Rs 320 crore allocated for this purpose. The balance will go toward general corporate purposes. Motilal Oswal is the sole book-running lead manager and Bigshare Services is the a sharp rise in digital adoption and demand for cost-effective computing devices, GNG Electronics is looking to scale up its operations and reinforce its leadership in the growing refurbished electronics market SBI Securities and Canara Bank Securities have both given it a "Subscribe" rating, citing scale, growth, and strategic positioning."GNG operates in a fragmented but fast-formalising market. With operations in 38 countries, refurbishing over 5.9 lakh devices in FY25, and a 46% revenue CAGR over FY23–FY25, the company is well-poised to benefit from affordability-driven demand and ESG tailwinds," the brokerages said.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
&w=3840&q=100)
First Post
24 minutes ago
- First Post
FTA signing, talks on Khalistan and more... Why PM Modi's UK visit is important
Prime Minister Narendra Modi is off for his fourth trip to the United Kingdom. The visit, which begins today (July 23), is expected to witness the signing of a bilateral Free Trade Agreement (FTA). Modi's discussions with British PM Keir Starmer will also touch upon a range of bilateral issues including security and technology read more PM Narendra Modi will hold talks with British PM Keir Starmer on a range of issues. File Photo/Reuters Prime Minister Narendra Modi will embark on an official visit to the United Kingdom on Wednesday (July 23). The trip is expected to witness the signing of a bilateral Free Trade Agreement (FTA) between India and the UK. The two sides had concluded negotiations for the trade agreement on May 6. During his trip, Modi will discuss various issues with British PM Keir Starmer concerning bilateral relations. From the UK, PM Modi will depart for Maldives for a state visit from July 25-26. STORY CONTINUES BELOW THIS AD As the Indian leader begins his two-nation tour, here's what's on the agenda during the UK visit. Recent uptick in India-UK ties The relations between India and the UK have been on the rise in recent years. The Strategic Partnership between the two countries was elevated to Enhanced Partnership for the Future in 2010. The historical ties have got a boost since Brexit. In 2021, India and the UK upgraded their ties to a Comprehensive Strategic Partnership. They also adopted Roadmap 2030 to boost the relations in trade and investment, defence and security, and people-to-people contact and so on. In 2023, India and the UK established the 2+2 Foreign and Defence Dialogue. Last year, they launched the Technology Security Initiative. In May, New Delhi and London concluded talks to reach a bilateral Free Trade Agreement deal, discussions for which first began in January 2022. Business ties have also enhanced between India and the UK, with goods trade surpassing $23 billion in 2024-25, Indian Express reported, citing data by Indian government sources. PM Modi in the UK PM Narendra Modi, who is on his fourth visit to the UK, will hold discussions with his British counterpart Keir Starmer on a range of bilateral issues. 'They will also exchange views on issues of regional and global importance,' the Ministry of External Affairs (MEA) said in the official announcement. The Indian leader is also slated to meet King Charles III. PM Narendra Modi interacts with Britain's Keir Starmer on the sidelines of the G20 summit at the Museum of Modern Art in Rio de Janeiro, Brazil, in November 2024. File Photo/Reuters During the visit, PM Modi will review the state of the Comprehensive Strategic Partnership (CSP), 'with a specific focus on trade and economy, technology and innovation, defence and security, climate, health, education and people to people ties,' the MEA said. PM Modi is also likely to interact with business leaders in the UK. FTA, Khalistan & more A key part of PM Modi's UK visit is the finalisation of the trade agreement between the two countries. India and the UK are expected to sign the FTA on July 24. 'We are working on legal scrubbing and other last-minute work that needs to be done,' Foreign Secretary Vikram Misri told a press conference on Tuesday, ahead of PM Modi's visit. STORY CONTINUES BELOW THIS AD The India-UK FTA would eliminate duties on 99 per cent of Indian exports to Britain, including key sectors such as textiles, leather, gems and jewellery and auto parts and engines. In return, India will reduce or remove tariffs on 90 per cent of British products, including medical devices and alcoholic beverages. According to British estimates, the India-UK FTA will enhance bilateral trade by £25.5 billion annually by 2040. PM Modi had announced the trade deal with the UK on May 6, calling it 'ambitious and mutually beneficial'. The UK government has described the agreement as 'the biggest and most economically significant bilateral trade deal'. Commerce and Industry Minister Piyush Goyal will accompany PM Modi to London for the signing of the India-UK FTA. The talks will reportedly feature matters related to security and technology. India is likely to raise the issue of a surge in Khalistani threat in the UK. 'The presence of Khalistani extremists…we have brought to the attention of our partners in the UK. This should be a matter of concern for our partners as well,' Misri told the media. STORY CONTINUES BELOW THIS AD Modi had flagged the issue to Starmer on the sidelines of the G7 Summit in Canada in June. The two leaders had also interacted during the G20 Summit in Brazil last year. The extradition of fugitives could also be among the top agendas during PM Modi's UK visit. India is seeking the extradition of Lalit Modi, Nirav Modi and Vijay Mallya, who are wanted for financial fraud, from the UK. 'There are a few questions related to fugitives from Indian law and justice in the UK. These have been a matter of discussion between both sides, and we continue to make the case for these fugitives to be rendered to India. Obviously, there is a legal process that such requests and such issues go through in the other country, and we continue to follow up very closely with our partners in the UK on these matters,' the Indian foreign secretary said. With inputs from agencies STORY CONTINUES BELOW THIS AD
