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Threat intelligence solution Company, Cyware, announced the addition of Aon Chief Security Officer Anthony Belfiore and Zach Sivertson to its board of directors. Anthony Belfiore currently serves as the Chief Security Officer at Aon and oversees the global operations for Physical Security, Cybersecurity, IT Risk, Fraud, Investigations, and Business Continuity across more than 120 countries.…
Gurugram-based startup, Leena AI has raised $8Mn in Series A funding led by Greycroft. The round also saw investment from several individual investors like Adam Miller, Founder of Cornerstone OnDemand, Chairman of Greycroft – Alan Patricof and Jim Moffatt (ex-Chairman/CEO of Delloite Consulting). Adit Jain, Co-founder and CEO, Leena AI, said – “Legacy internal helpdesks…
Digital technology company, STL announced that it has entered into definitive agreements to acquire Italy-based Optotec S.p.A, Optical Interconnect Products Company. According to the announcement – the transaction is structured to acquire 100% of Optotec’s shareholding on closing at an enterprise value (EV) of €29Mn (29 Million euros). The deal will be financed by a…
In order to give more flexibility to employees, Tata Steel launches ‘Agile Working Models’ Policy with effect from this month. In pursuant to the policy, even the officers who are required to be based out of a particular location can now work from home for unlimited days in a year. Once the pandemic situation normalises,…
Global Engineering and Product R&D Company – ASM Technologies Ltd. has acquired the India offshore delivery centre of Swedish Firm – Semcon. The technology firm is headquartered in Sweden and help their customers in transforming technology into better user experiences by uniting premium physical and digital solutions. According to the press statement – ASM Technologies…
French financial services company, Worldline has acquired Ingenico, another France–based finance company to become the largest European payments firm. This step will take Worldline closer to its aim of enabling sustainable and profitable economic growth for banks, merchants and the entire payments ecosystem. According to the announcement – Merchants can expect solutions and services that…
The Carlyle Group which is a global investment firm has announced the appointment of former Chief Executive Officer of HDFC Bank, Aditya Puri as its Senior Advisor in Asia. Mr Puri will advise the Carlyle team on investment opportunities across Asia and will also provide guidance on the changing market landscape and new opportunities for…
Global measurement and data analytics company, Nielsen has entered into a definitive agreement under which affiliates of Advent International (“Advent”), global private equity investor, in partnership with James “Jim” Peck, former Chief Executive Officer of TransUnion, will acquire the Nielsen Global Connect business for $2.7 billion (subject to working capital, cash, debt-like items and other…
A PSU under the Department of Chemicals and Petrochemicals, Ministry of Chemicals & Fertilizers – HIL (India) Ltd. has recorded a growth of 65% in exports in the first two quarters of the FY 2020-21 as compared to the corresponding period of the previous financial year. The company attributed the growth to large quantity of…
Professional services firm, Aon appoints President of League Operations at the National Basketball Association (NBA) – Byron Spruell to its Board of Directors. Speaking on the appointment, Lester B. Knight, Chair of Aon’s board said – “We are pleased to welcome Byron Spruell to the Aon Board of Directors. With his dynamic leadership skills, unwavering…
Nestlé USA has announced the acquisition of Freshly, a New York-based startup for $1.5B and additional earnouts of up to $550 million based on future growth of the startup. Nestlé USA Chairman and CEO Steve Presley, said in a statement – “Consumers are embracing ecommerce and eating at home like never before. It’s an evolution…
Rapido, an online bike taxi service aggregator has announced the launch of its operations in Mumbai. The launch in Mumbai is commenced with 2000 rider-partners and the company is aiming to expand to 200,000 riders in the coming two years. Aravind Sanka, co-founder of the company said that with this launch the company is now…
Gurugram-based restaurant aggregator Zomato has made crucial changes in the leadership team. Akshant Goyal has been named the company’s new Chief Financial Officer (CFO) and Akriti Chopra will now lead people development for the company. An alumnus of IIM-Ahmedabad and Delhi College of Engineering, Akshant Goyal co-founded PinCap and served as its CFO prior to…
Bengaluru-based Edtech startup – Teachmint has raised $3.5 million in seed funding led by Venture Capital Firm – Lightspeed India, with participation from existing investors Better Capital and Titan Capital. The education technology startup plans to use the investment to expand its market, build its product suite and to bring in additional offerings. Mihir Gupta,…
Indian state-owned Aerospace Company, Hindustan Aeronautics Ltd (HAL) has announced that the company has inked a contract of Rs 400 Crore with Tech Mahindra to support the defense company’s ‘Project Parivartan’. Sujit Baksi, President Corporate Affairs and Business Head Emerging Markets, Tech Mahindra said – “Tech Mahindra’s selection by Hindustan Aeronautics Ltd extends our vision…