HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.
Biocon Ltd, an innovation-led global biopharmaceutical company, and DKSH, a leading market expansion services provider with a focus on Asia, announced that Biocon’s subsidiary, Biocon Pharma Limited and DKSH Business Unit Healthcare, have signed an agreement under which DKSH will sell and distribute seven of Biocon Pharma’s generic formulations in Singapore and Thailand. Under the…
L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of Larsen & Toubro (L&T), announced that it has signed a Memorandum of Understanding with KBR, a global provider of differentiated professional services and technologies across the asset and program lifecycle within the Government Solutions and Energy sectors, to build Modular Process Plants for refinery and petrochemical projects.…
SBI Mutual Fund’s Chief Technology Officer for two years, Bhavesh Lakhani has recently moved out of the company to join private bank IndusInd Bank in the same role. Lakhani is a progressive Business and Technology leader with 21 years of global experience of leading banking and financial services organizations. He also has a history of…
After food delivery companies Swiggy and Zomato secured state permissions to deliver alcohol at customer doorstep, Online retail giant Amazon is reportedly eyeing to enter the services. According to a Reuters report, Amazon India has secured clearance from the West Bengal government to deliver alcohol in the state. In a notice, West Bengal State Beverages…
The automobile industry has been facing several issues in the smooth running of businesses due to the coronavirus impact. While many car companies have resumed manufacturing and business operations at factories and offices around the world, the past few months have been tough on the books for the entire industry. Luxury automobile manufacturers on the…
European plane manufacturer Airbus recently announced that it is extending furlough programs for 5,300 of its employees in Spain and the UK in its latest attempt to cope with the impact of the coronavirus pandemic. “This will be effective from 20th May till 30th September and affects all Airbus Operations SL employees in Spain (with…
Petlove, a largest online pet retail brand in Brazil, announced that it has received a significant strategic investment from the Latin America fund of L Catterton, the largest and most global consumer-focused private equity firm. “With extensive experience investing in the pet and e-commerce categories across the world, L Catterton will partner with the Company’s…
BMW Group, the world’s leading premium manufacturer of automobiles and motorcycles, announced that it has appointed Vikram Pawah as the President of BMW Group India, effective 1 August 2020, along with his present role as Chief Executive Officer of BMW Group Australia and New Zealand. Pawah has been with the BMW Group since 2017 when…
US International Development Finance Corporation (DFC), America’s development bank that invests in projects that create jobs in emerging markets, announced that it has committed a $10 million loan to Milk Mantra, a new-age dairy food startup in India, according to YourStory report. Commenting on the investment, Ajay Rao, Director of DFC’s Social Enterprise Finance Team,…
InstaSolv, an edtech startup that provides AI/ML powered solutions where students can simply scan vernacular questions and receive instant step-by-step solutions, announced that it has raised $2 million in pre-Series A funding from undisclosed investors, according to YourStory report. The startup will utilise the fresh funding to expand the question and answer base to state…
DROR Labs Pvt. Ltd, which operates citizen’s safety technology platform DROR, announced that it has raised funding from Gopi Latpate and Inflection Point (IP) Ventures, according to VCCircle report. The Gurugram-based startup said that it will use the funds to expand its user base, diversify and enhance its service offerings. However, the current amount of…
M&T Bank, a US-based multi-state community-focused bank that provides banking, investment, insurance and mortgage financial services to more than 3.6 million consumer, business and government clients, announced that Tracy Woodrow has been named Chief Human Resources Officer and appointed to the company’s Management Committee following the decision by Janet Coletti to retire from the bank.…
Just weeks after announcing massive job cuts across the global, British Petroleum has said that it will hire about 2,000 employees for its upcoming global business service center in Pune. Earlier the company had said that it will lay off 10,000 employees from its global workforce. Announcing the development, the oil giant said that the…
Automobile manufacturer Ford Motor Company recently said that it is extending its ‘work-from-home’ arrangement for its salaried employees based in the United States for the rest of the year. The decision by the Ford management is taken after multiple requests by employees to keep working remotely amid the ongoing coronavirus pandemic. In an official statement,…
Amidst an unemployment crisis across the nation, online fashion store Myntra announced that it has hired about 5,000 employees for its supply chain and customer care department. The recent hiring at the ecommerce company is done to support its 12th edition of “End of Reason Sale”. It is also worth noting that this will be…