Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.
Tata Consultancy Services, a global IT services, consulting and business solutions organization, has been recognized as a Leader in the Everest Group PEAK Matrix® for Artificial Intelligence (AI) Services1. According to the report, TCS has made credible investments in building a comprehensive portfolio of Al services, underpinned by strategic investments in developing domain-specific platforms and…
LogiNext, a technology company has announced a partnership with AmRest Holdings, an European multi-brand franchise restaurant operator headquartered in Spain. This partnership involved rolling out the technology to hundreds of restaurants where AmRest has reported considerable efficiency gains in terms of digitizing delivery operations and meeting customer promise of fast delivery. Through this partnership, AmRest…
IKEA has been handed around 50,000 sq metres land for facility in Noida. The company, according to Ritu Maheshwari – Noida Authority CEO, will invest Rs 5,000 crore in the city in the coming seven years, and, as a result, will create jobs for 2,000 persons. Maheshwari said in a tweet, “In dignified presence of CM…
Subscription-based payment recovery start-up Gravy has raised $4.5 million in Series A funding in its most recent funding round and the first including institutional investors. The funding round was led by Arlington Family Partners, based in Birmingham and one of a handful of family offices headquartered in the southeast. Arlington Family Partners also manages the…
Bharti Airtel, a digital communications Company, has said that it will acquire a Warburg Pincus affiliate’s 20% equity stake in its DTH arm Bharti Telemedia for a total consideration of ~ INR 31,260 million which will be discharged primarily via issuance of ~36.47 million equity shares of Airtel at a price of INR 600 per…
Mamaearth is looking to hire 200 people this year while it crosses Rs 500 Crore revenue run rate. “So, right now, we are about 300 people and by the end of this year, we’ll be at about 500 people. Of these, 100 people will be a part of the offline retail team and the others…
Indian industrialist and philanthropist and the founding Chancellor of O.P. Jindal Global University (JGU), Mr. Naveen Jindal, has announced an elaborate investment plan of Rs. 1,000 Crores for sustained futuristic expansion of the University as per ‘JGU Vision 2030’ for the next decade. The Sonipat, Haryana-based JGU was recognized as an Institution of Eminence (IoE)…
Jubilant FoodWorks has fully acquired Fides Food Systems Rs 250 crore through its Jubilant FoodWorks Netherlands BV – its’ wholly-owned subsidiary. “We are happy to announce our acquisition of Fides for 32.81 per cent equity stake in DP Eurasia, one of the large master franchisee of the Domino’s Pizza brand. We have been partners with Domino’s in…
Elearning platform Lido Learning is planning to raise $30 million funding from Temasek, Singapore-based investment fund. Lido Learning was founded in 2019 by second time ed-tech entrepreneur Sahil Sheth. Seth had earlier founded Infinite Student which was later acquired by edtech unicorn BYJU’S in 2015. Post the acquisition of his first startup, Seth joined BYJU’S…
Alta Partners, an early-stage healthcare venture capital firm, held the first and final closing of Alta Partners NextGen Fund III, L.P.. Fund III was oversubscribed and has total capital of $275 million. “We are grateful for the ongoing support and partnership of our longtime investors, and we’re excited to welcome a select group of new LPs.”…
Palo Alto Networks, a cybersecurity provider, has announced the appointment of Dr. Helene D. Gayle to the company’s board of directors and the nominating and corporate governance committee of the board. “We are fortunate to have Dr. Gayle join the Palo Alto Networks’ board,” said Nikesh Arora, chairman and CEO of Palo Alto Networks. “I had the opportunity…
Samsung Display Chief Executive Officer Joo Sun Choi has announced that the company will further boost its environmental, social and governance (ESG) involvement from 2021. Samsung Display joined RBA membership to take the initiative among local display producers in driving ESG-centered management strategy in accordance with global trends. “As a global leader in display industry,…
S3 AeroDefense LLC has recently been selected as Honeywell Aerospace’s sole distributor of parts for Power Generation products on C-130, UH-60, S-92, S-70 and AH-64 aircraft, as well as M60 and M1 Abrams land vehicles. This agreement, which is in effect through 2030, includes exclusive distribution of Generator assemblies and detail parts worldwide. The agreement also establishes…
OneWeb, the Low Earth Orbit (LEO) satellite network owned by UK Government, Bharti Global and other strategic investors, has announced the appointment of Srikanth Balachandran as Chief Financial Officer (CFO). Srikanth joins from Bharti Global, where he was CFO since Oct 2018 and prior to that, was CFO of Bharti Airtel for seven years. Under…
Aeroplay Entertainment Pte Ltd’s Mumbai-based Lab facility, AeroLab, has joined the Trusted Partner Network (TPN), the gold standard in global content security. TPN is a joint venture between two major entertainment industry associations, the Motion Pictures of America (MPA) and the Content Delivery & Security Association (CDSA) for conformance with the MPA content security practices.…