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Alankit, a market leader and eminent name in the Financial and digital solutions industry with business segments like e-Governance, Financial Services, Healthcare and Insurance Broking announced their partnership with IDP, an industry leader in innovative identification card printer technology. Alankit is launching innovative Smart Card Printing solutions range (SOLID series – first in India) for…
Mindteck (India) Limited, the global engineering and technology solutions company with knowledge and expertise in the storage, medical device, semiconductor and analytical instrument industries, announced that it has won a two-year contract with one of the largest public sector manufacturing companies in the Middle East. The scope of the project encompasses maintenance and management of…
Finnish telecom equipment maker Nokia is reportedly planning to lay off about 1,233 jobs at its French subsidiary Alcatel-Lucent International. The move is expected to affect a third of the company’s workforce. The recent announcement from the 5G equipment maker comes in the wake of Europe’s transitioning to the 5G networks for mobile internet. The…
Visa, the world’s leader in digital payments, announced a global commitment to elevate 50 million small and micro businesses (SMBs) worldwide in an effort to get local communities back to business in the wake of the COVID-19 pandemic. Visa said that it is introducing a range of locally designed programs and solutions to enable SMBs…
Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, announced that it has been awarded the 2020 Pega Partner Award for Excellence in Growth and Delivery by Pegasystems Inc., the software company empowering digital transformation at the world’s leading enterprises. The award recognizes TCS’ leadership in leveraging Pega technologies to drive…
Just days after signing an MoU with Great Wall Motor, the Maharashtra government is reportedly trying to stall the proposed $500mn investment by the company in the state due to the growing anti-China sentiment in the country. The recent development comes in the wake of a deadly border clash between soldiers of India and China.…
British cinema operator Cineworld recently announced that it has secured a $250mn debt facility from a clutch of private institutional investors. The recent funding is expected to help the cinema operator to prepare for reopening of theatres following the easing of coronavirus-led lockdowns globally. The funding is also significant for the company as it had…
IFTAS, a wholly-owned subsidiary of Reserve Bank of India announces the appointments of T Rabi Sankar as the Chairman and Dr. N Rajendran as the CEO of the organization effective May 15, 2020 and May 27, 2020 respectively. T Rabi Sankar, currently serving as Executive Director, Reserve Bank of India for Payment systems, Information Technology,…
Glenmark Pharmaceuticals, a research-led, integrated global pharmaceutical company, announced the launch of antiviral drug Favipiravir (brand name FabiFlu) for the treatment of mild to moderate COVID-19 patients. Glenmark has received manufacturing and marketing approval from India’s drug regulator, making FabiFlu the first oral Favipiravir-approved medication in India for the treatment of COVID-19, the company said.…
Piramal Enterprises Limited’s (PEL) Pharma Solutions business, a leading Contract Development and Manufacturing Organization (CDMO), announced that the Company has entered into an agreement with G&W Laboratories Inc. to acquire its solid oral dosage drug product manufacturing facility located in Sellersville, Pennsylvania. According to the terms of the agreement, PEL, through one of its Affiliates,…
Alibaba Group and the municipal government of Yiwu, Zhejiang Province in China, have announced plans to develop a Digitized Comprehensive Bonded Zone under the eWTP (electronic World Trade Platform) framework, making cross-border e-commerce more accessible to small and medium-sized enterprises (SMEs) at the world’s largest wholesale market. A core part of the new initiatives is…
MergerDomo, a Noida-based global online M&A marketplace for Corporate and Business Growth, announced that it has raised Rs 50 lakh seed funding from seven individual investors and secured an angel funding of Rs 1 crore from Nadir Godrej, MD, Godrej Industries, according to YourStory report. The startup will utilise the fund infusion to scale its…
Tata Communications, a digital ecosystem enabler, announced that it is working with TeleWare, a communications technology business, to offer TeleWare’s mobile voice and SMS recording as part of the Tata Communications MOVE mobility platform. The combination of the companies’ capabilities will help allow global businesses to give their employees the flexibility to do their work…
Milkbasket, a Gurugram-based micro-delivery startup fulfilling daily grocery and household needs of customers, announced that it has raised $5.5 million in funding led by Inflection Point Ventures. Existing investors also participated in the current funding round. Till now the startup has raised over $38 million in funding. Founded in 2015 by Anant Goel, Ashish Goel,…
The death of an unarmed black man George Floyd in police custody in Minneapolis, U.S last month has once again sparked a debate on how racial discrimination still prevails in our society. The death of Floyd has started a row of protests across the United States and people have now taken to the streets demanding…