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Valmet has on July 7, 2023, entered into an agreement to acquire Körber Group’s Business Area Tissue. The Business Area Tissue specializes in innovative converting and packaging technologies and services for the tissue industry. By combining the complementary offering and competencies of Valmet and the acquired business, Valmet creates the market’s widest technology, automation and…
KKR, Telefónica Hispanoamérica, and Entel announced agreements under which KKR will acquire a majority interest in PangeaCo and the existing fiber optic networks of Telefónica del Perúand Entel Perú to build Perú’s first nationwide open access wholesale fiber optics company with the mission to bring greater access to fiber optics connectivity across the country. The…
Dutch brewing giant Heineken N.V. (HEINEKEN) announced that James Thompson, Chief Commercial Officer, will leave HEINEKEN on 31 December 2023. After turning 60 earlier this year, James has decided now is the time to retire from full-time executive work. His last day as Chief Commercial Officer will be 31 August 2023, and he will stay…
VE Commercial Vehicles, a joint venture between the Volvo Group and Eicher Motors, has appointed Deepshikha Malik as the Head of Human Resources for its CORe Business, according to ETHRWorld report. “Happy to share that I have joined Volvo Eicher Commercial Vehicles as Head HR, CORe Business,” Malik wrote in a LinkedIn post. Prior to…
Edtech startup PrepInsta has announced the promotion of Ashish Mishra to the role of Chief Growth Officer. Ashish’s strong educational foundation and passion for Content Marketing has played an instrumental role in driving PrepInsta’s expansion and overall growth, a statement said. Ashish Mishra has been an integral part of the PrepInsta team for the past…
L’Oréal announced the appointment of Liliahn Majeed as Chief Diversity, Equity, and Inclusion Officer, North America. In this role, Majeed will report to David Greenberg, CEO, L’Oréal USA and President, North America Zone. She will join the management committee of L’Oréal USA as well as the leadership team of Margaret Johnston-Clarke, L’Oréal’s global Diversity, Equity, and Inclusion Officer. “For L’Oréal, diversity, equity, and inclusion…
In a significant development, Indian Oil Corporation Limited (IndianOil) and Praj Industries Limited (Praj) signed a term sheet to advance plans to strengthen biofuels production capacities in India. Various biofuels covered under this MoU include Sustainable Aviation Fuel (SAF), Ethanol, Compressed Bio-Gas (CBG), Biodiesel and Bio-bitumen among others. Earlier in October 2021, both the Companies…
Wadhwani Initiative for Sustainable Health (WISH), the flagship healthcare program of Lord’s Education and Health Society (LEHS), announced the appointment of Dr. Rakesh Kumar (formerly IAS) as its new Chief Executive Officer (CEO). With an impressive track record in healthcare leadership and a passion for improving healthcare outcomes, Dr. Rakesh Kumar is poised to steer…
AIT Worldwide Logistics announced its expansion to the Middle East with a new office in Dubai, the most populous city in the United Arab Emirates. The new location is an investment to fulfill the evolving shipping needs for key customers, while also enhancing the global freight forwarder’s supply chain solutions in the region, a statement…
Persistent Systems, a global Digital Engineering provider, recently inaugurated a state-of-the-art 5G Lab to provide a testing and development environment for network functions and product development activities for operators and network equipment vendors, as well as for Communications, Media, and IoT independent software vendors (ISVs). The Lab encourages interoperability and quick deployment to achieve faster…
WorkIndia, a tech-enabled blue-collar recruitment company, has announced the appointment of Ranaq Sen as the Head of People, according to ETHRWorld report. Sen joins WorkIndia with a mission to drive the company toward sustained growth and continued success, according to a statement. Prior to joining WorkIndia, Sen spearheaded the People analytics and digitisation functions at…
The Electric Power Transmission Association (EPTA), an association consisting of leading private electricity transmission developers, industry stakeholders, and experts in electricity transmission, announced the appointment of Indu Shekhar Chaturvedi to the position of Director General. In his role, Chaturvedi will be responsible for leading EPTA’s efforts to promote the development of a robust, reliable, and…
CHAR Technologies Ltd. (CHAR), a leader in sustainable energy solutions, announced that the Company has closed a C$6.6M strategic investment by world’s leading steel and mining company, ArcelorMittal S.A., through ArcelorMittal XCarb S.à r.l. (ArcelorMittal) and ArcelorMittal’s XCarb Innovation Fund. With a presence in 60 countries and primary steelmaking facilities in 16 countries, including ArcelorMittal Dofasco in Hamilton, Ontario, ArcelorMittal…
Canon Business Process Services, a wholly owned subsidiary of Canon U.S.A., Inc., announces two executive appointments that took effect July 1. These new appointments strengthen Canon’s position as a managed services provider focused on building innovative solutions that enable digital transformation and growth. Peter Kowalczuk has been appointed as chairman and CEO of Canon Business…
InsideFPV, Drone Manufacturer has raised Rs 2.75 Crores in a Seed Round led by Inflection Point Ventures. The funds will be utilized for product development, marketing and research. Rahul Wagh, Managing Director, Inflection Point Ventures, says, “Drone usage in India is fast increasing with higher adoption through wider use cases across different industries. With the drone…