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.
Cisco and IMImobile PLC have reached agreement on the terms of a recommended cash offer pursuant to which Cisco will pay 595 pence per share in exchange for each share of IMImobile, or an aggregate purchase price of approximately USD $730 million assuming fully diluted shares, net of cash and including debt. IMImobile provides software…
Deutsche Bank, a multinational investment banking company is looking to link its top executives’ pay to the lender’s sustainability goals, according to a report by Frankfurter Allgemeine Zeitung, quoting an internal memo by Christian Sewing, Chief Executive Officer. Measuring the volume of sustainable investment and financing that follows the environmental, social and governance criteria and…
Privately-owned owner and operator of real assets, RMZ Corp has completed the sale of 12.8M sft. of 67M sft. (circa 18%) of their Real Estate assets to a fund managed by Brookfield Asset Management, for US $2 Billion. The US$2 Billion deal will fuel RMZ’s strategy of growing their real asset portfolio to 87M sft.…
Bangalore-based startup NoBroker is looking to increase its employee headcount to 500 in-order to meet the changing customer needs. The hiring will take place across all levels for the technology and product teams. The online real-estate platform has a total number of 2000 employees currently with a recent hiring of 500 new professionals in marketing,…
Microland, a global digital transformation company has been selected by The Weir Group, a global engineering company headquartered in Glasgow, Scotland, as a key partner to support the development and execution of its digital roadmap. In the first phase of the strategic program, Microland has setup a 24×7 facility to support the management of Weir’s…
Binny Bansal and the Azim Premji Foundation backed Alteria Capital is planning to raise Rs 1000 crore and a green-shoe option of Rs 750 crore after receiving approval from the Securities and Exchange Board of India Rebel Foods, Lendingkart, Zestmoney, Dunzo, Portea, Toppr, Spinny, Stanza, Vogo, Melorra, Mfine, Generico, Loadshare, LBB, Maverix, Country Delight, Clover,…
Short Video app, Bolo Indya has secured $400k in fresh round of funding. Inflection Point Ventures participated in the latest round of the Gurugram-based platform along with existing investor Eagle10 Ventures. With this, the homegrown networking platform has raised $1 million till date. It plans to expand ‘Bolo Meets’ and improve its tools for content…
IceWarp, E-mail communication and collaboration solutions provider, is planning to invest $4 million to expand India operations, including $1.5 million investment in local data centres in the coming future. Adam Paclt, Global CEO, IceWarp, said – “The idea of investing in data centres in India is to make sure that our customers are able to…
E-commerce company, Flipkart, headquartered in Bangalore, has asked its employees to continue to work from home due to COVID-19 pandemic, till May 2021. According to an internal email sent by the company to its employees, the retail giant has decided to extend the phase two of the ‘back to office plan’ till the May of…
Engineering company Greaves Cotton has concluded to shut its Ranipet plant, said group CEO and Managing Director Nagesh Basavanhalli, It will continue to work on operational efficiency. This is done as part of its exercise for consolidation of plants, he added. The company expects passenger three-wheeler segment to recover in the second half of this…
Facebook announced they were acquiring Kustomer, a startup company that specialises in customer-service platforms. The deal was for just over $1 billion according to a report of The Wall Street Journal Brad Birnbaum, CEO, Kustomer, said – “Throughout the last five years, we have had the opportunity to power the customer experiences of many of…
Sri Capital-backed start-up, Fakespot, has raised a $4 million in Series A funding. The fresh round had participation from Bullpen Capital along with Graph Ventures, Ty Shay, 500 Startups, Faith Capital Holdings, and founders Saoud Khalifah, Rob Gross. The startup aims to increase its product offerings to meet its increasing demand with the help of…
Walmart has announced more than $700 million in additional cash bonuses to its U.S.-based associates. The company’s latest bonus announcement includes $319 million in quarterly bonuses paid in associates’ Nov. 25 paychecks following third quarter business performance and an estimated $388 million in special cash bonuses to be paid Dec. 24. Full- and part-time associates…
iNSTRUCKO, an EdTech Company, has raised an undisclosed amount in Pre Series A funding from Virgin Group, MVK Group Venture Capital firm based in London, and a consortium of venture capitalists across London, Abu Dhabi, Dubai, and Switzerland. Based out of the UK with offices in London, Mumbai, and Delhi, iNSTRUCKO delivers digital content live…
CEO Ronojoy Dutta of IndiGo has announced the removal of leave without pay for staff across all departments. The announcement will be effective from January 1, 2021. The same day government also allowed airlines to utilise 80 per cent of their pre-Covid capacity seeing to the increasing number of passengers. Domestic air traffic recorded a…