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Eli Lilly and Prevail Therapeutics Inc. have announced a definitive agreement for Lilly to acquire Prevail for $1.040 billion. Prevail is a biotechnology company developing potentially disease-modifying AAV9-based gene therapies for patients with neurodegenerative diseases. The acquisition will establish a new modality for drug discovery and development at Lilly, extending Lilly’s research efforts through the…
InVideo, a video editing platform, has announced the appointment of Siddharth Sharma as its new Chief Technology Officer. Prior to this role, Siddharth Sharma was working as CTO of People Interactive, which owns matrimony portal Shaadi.com. Prior to that, Sharma was the CEO of Raftaar Technologies. An IIM Bangalore alumnus, Sharma has also worked at…
Fiat Chrysler Automobiles (FCA), a global company that designs, engineers, manufactures and sells vehicles and related parts, services and production systems worldwide, has announced the investment of $150 million to set up a new Global Digital Hub in Hyderabad. The facility FCA ICT India is the company’s largest Digital Hub outside of North America and…
STEER, a manufacturing solutions provider for advanced materials technology operating in the fields of polymer compounding, plastics recycling, pharmaceutical, and food processing, has announced the appointment of Subodh Jindal as Chief Executive Officer, effective Dec 16, 2020. In this new role, Subodh will be responsible for business strategy and plant operations for the engineering business…
Jindal Steel and Power Ltd (JSPL) has announced the appointment of Hemant Kumar as the Chief Financial Officer (CFO) and key managerial personnel, effective from Dec 15, 2020. Kumar has experience of more than nine years with JSPL, working as a strategic planner with close coordination with senior leadership teams in the formulation of business…
Ursula Morgenstern has been appointed as Cognizant’s president of Global Growth Markets (GGM) and a member of Cognizant’s Executive Committee, effective from Dec 14, 2020. Prior to this role, Morgenstern served Atos for over 16 years, where she held several roles, including CEO of Germany and UK/Ireland, as well as leading the Business and Platform…
Ecom Express, an end-to-end technology enabled logistics solutions provider to the Indian e-commerce industry, has announced the appointment of Venkatesh Tarakkad as Chief Financial Officer, effective from November 20, 2020. Tarakkad will be based out of the company’s headquarters in Gurugram, said a statement. In his new role, Tarakkad will be responsible for Finance, Accounts,…
Arthur D. Little (ADL) announced that Hiroto Suzuki has been appointed as Global Leader for the Automotive & Manufacturing Practice. Suzuki will take over from Giancarlo Agresti, who has successfully led the practice for the last nine years, and was the driving force behind its increased global presence and diversification into different sub-industries. Suzuki will…
Zenoti, a cloud software provider for the spa, salon, and med spa industries, has raised $160 million in Series D funding at a valuation of over $1 billion. The funding round was led by Advent International, a US-based private equity firm. Existing investors Tiger Global and Steadview Partners also participated in the round. Till now, the…
eClerx Services Ltd, a Mumbai-listed firm that provides critical business operations services to over fifty global Fortune 500 clients, has announced the acquisition of Personiv, a US-based digital marketing and back office services provider. According to a stock-exchange filing, eClerx will acquire Austin, Texas-based Personiv, operated by Eclipse Global Holdings LLC, at an enterprise value…
PNB MetLife, one of the leading life insurance companies in India, has announced the appointment of Mohit Bahuguna as Business Head – Group Business and Partnership Distribution. In his new role, Mohit will be responsible for leading and developing PNB MetLife’s group insurance business as well as expanding and deepening its distribution network by developing…
CSC, a world leader in global business, legal, tax, and digital brand services, announced that it has acquired FIRSTCORP PTE. LTD (FIRSTCORP) and its affiliates, a Singapore-based service provider of company secretary and administration services to corporations and alternative asset managers. All FIRSTCORP employees will join CSC as part of the acquisition, the company said.…
Foot Locker, the New York-based specialty athletic retailer, has announced the appointment of Himanshu Parikh as Senior Vice President, Chief Information Officer, effective December 11, 2020. In his new role, Parikh will oversee the execution of the next generation of Foot Locker’s strategic technology agenda in support of the Company’s key strategic imperatives and future…
Pickrr, a end to end SAAS based logistics solutions provider, has raised $4 million funding from investors led by Guild Capital and Omidyar Network India. The startup is backed by angel investors and high net worth individuals. The startup will utilise the funds to expand its business and for product development. “This is a mix…
Cisco said it is looking to hire 1,200 graduates from leading technology and management colleges, according to ET report. A majority, 95% of the college recruits are going to be from engineering colleges such as IITs and National Institutes of Technology, Anupam Trehan, director, people and communities at Cisco India & SAARC, it added. Half…