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HCC has appointed Mr. Anil Kumar Chandani as the Chief Financial Officer effective November 09, 2020. Under his new role, Anil will oversee HCC’s finance team and management of cash flow, financial planning, equity activities, and profitability. As a finance professional, he has nearly 29 years of experience in multi-unit and multi-product environment in varied…
Kovai.co – a premier enterprise software Company, has announced its acquisition of Cerebrata, a privately-held SaaS product company based out of Udaipur, Rajasthan to strengthen its product portfolio. The amount of the deal remains undisclosed. The announcement states, Cerebrata’s product – Cerulean to be a complementary product for Kovai.co’s Serverless360 – a platform that…
Wix.com Ltd, a cloud-based website development platform, has appointed Ferran Soriano to its board of directors. Mr. Soriano currently serves as the CEO of City Football Group (CFG), a position he has held since September 2012. Previously, Soriano was Vice Chairman and CEO of FC Barcelona from 2003 to 2008 where he is credited with…
New Delhi-based Venture debt fund Stride Ventures has secured Rs 85 crore from development financial institution, Small Industries Development Bank of India (SIDBI). The firm says that it will use the funds to strengthen the deployment of Stride Venture India Debt Fund I, its maiden fund. The fund marked its first close in November of…
MRI Software, provider of real estate software solutions, has appointed Saurabh Abhyankar as Chief Product Officer (CPO). In this role, Abhyankar will lead MRI’s global product strategy and drive the continued innovation and evolution of the company’s open and connected software platform for the real estate industry. He was most recently at MicroStrategy, holding a…
Wipro Limited, global information technology, consulting and business process services Company, has won a five-year contract for software engineering services engagement from ThoughtSpot. As part of the five-year engagement, Wipro will enhance various components of ThoughtSpot’s Search and Analytics platform to help scale feature development. Wipro will leverage its EngineeringNXT framework and Product POD (accelerated…
Microsoft has named Christopher Young as executive vice president of business development. He will report directly to Microsoft Chief Executive Officer Satya Nadella. Under his new role, Christopher Young will be responsible for developing Microsoft’s global business development strategies that drive growth across the company. This includes leading the evaluation and execution of strategic partnership…
Mumbai based Credit platform Blacksoil has raised Rs 110 crore from high networth individuals and family offices for its maiden secured alternate investment fund (AIF) called BlackSoil India Credit Fund (BICF). Eyeing 30 deals from BICF with an average of Rs 10-20 crore per investment, excluding real estate companies, the firm is aiming to secure…
Global technology company, Shutterstock has announced the acquisition of certain assets from Amper Music. Shutterstock’s acquisition of Amper will strengthen its capabilities in artificial intelligence, particularly in content search and discovery of tracks composed by Shutterstock’s community of artists as well as editing tools for Shutterstock users. As part of the transaction, Amper’s employees…
Indian state-owned steel making Company, Steel Authority of India Limited (SAIL) has rolled out a scheme to facilitate better work-life balance of its employees. Under this scheme, employees up-to E-7 (general manager) grade can opt from various shorter working hours options like three days a week, every alternate day, four hours every working day or…
Jet Airways is close to flying again as new owners look for executives to lead the airline. After winning the bid for Jet Airways, Kalrock Capital-Murari Jalan consortium has approached Aditya Ghosh, Prock Schauer along with some other industry veterans for leadership roles. Former President and Member of the Board of IndiGo, Aditya Ghosh has…
Global technology firm with software solutions KPIT has signed a large-scale order with BMW Group. The series order is spread over several years. As part of the strategic collaboration, KPIT has been nominated as the single source software integration partner for the next generation 11KW combined charging electronics program powering the upcoming BEV’s of BMW…
Enterprise software company, PKWARE has acquired Dataguise, a company with technology for businesses to discover and protect personal data stored across diverse IT systems and environments. Dataguise’s ability to discover and protect data combined with PKWARE’s automated remediation capabilities will provide enterprises with a solution to data security and privacy management. Speaking on the acquisition,…
Indian industrialist and philanthropist Ratan Tata has invested in the healthcare firm- iKure, an undisclosed amount. The social enterprise that provides primary healthcare and prevention services plans to use the funds raised to expand its operations across India and globally. Speaking on the investment, Sujay Santra, Founder and CEO, said – “We are extremely pleased…
General Motors to hire 3,000 new employees across engineering, design and IT to boost virtual testing and software expertise. According to the press statement, GM will offer more remote opportunities than ever before as development of autonomous and electric vehicles and advanced platforms like the Ultium battery system continue. GM President Mark Reuss, said –…