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Amidst an unemployment crisis across the world, Subway Restaurants recently announced that its local Franchise Owners seek to hire approximately 50,000 jobs in North American restaurants. The recent development at Subway further deepens the brand’s community connections as its restaurants can be found in almost every community across the U.S. and Canada, and directly addresses…
Technology giant, Intel Corporation recently announced that it has elected former HP Inc CEO Dion J. Weisler to Intel’s Board of Directors. Weisler will serve as an Independent Director and Member of the Compensation and Finance Committees. The Santa Clara, Calif.-based company announced Weisler’s appointment Wednesday, nearly a year after the former HP chief executive…
Lifestyle International Pvt. Ltd, part of Dubai-based hospitality conglomerate Landmark Group, announced that it has appointed Shital Mehta as the Managing Director of Lifestyle International Pvt. Ltd. and Rishi Vasudev as the Executive Director of Lifestyle International Pvt. Ltd, , effective 1st July 2020. Shital Mehta will replace Vasanth Kumar to become the new MD.…
BizCapital, a Brazilian SME online lender, announced that it has raised a Series B financing round of $12 million led by the German development finance institution DEG, a subsidiary of KfW Group, Germany’s promotional bank. Existing investors also joined the financing round. The round reinforces investors’ confidence in BizCapital’s ability to innovate in the Latin…
KT Corp, South Korea’s largest telecommunications company, announced it has signed a strategic cooperation and investment contracts with Hyundai Robotics, to speed up collaboration for digital transformation based on 5G, artificial intelligence (AI) and smart factory. Under the contracts, KT will acquire a 10 percent equity stake in Hyundai Robotics, the leader in the Korean…
Geek+, a global provider of advanced robotics for logistics, announced that it has closed its Series C funding round at over $200 million in early 2020. Geek+ continues to lead the industry with the largest fundraising to date, following a $150 million B series in November 2018, already the largest in the industry, the company…
Freshworks, the customer engagement software company, announced a strategic partnership with Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, to jointly build and market new age marketing, sales, support, customer success, and ITSM solutions on top of Freshworks cloud software to elevate end-user and employee experiences. TCS will provide its…
Carzonrent India Private Limited, India’s leading personal mobility service provider, announced the appointment of Sudarshan S. Sarma as its Chief Executive Officer. Prior to this role, Sudarshan Sarma has worked with Google as the Head of Industry-automotive and until recently, he was the Industry Lead – Automotive at Facebook. He has also worked with General…
Pushp, an Indore-based spices and condiments brand, announced that it has raised Rs 125 crore from A91 Partners, the private equity fund. Earlier, the company had raised its first institutional financing from Sequoia India worth $350 million. Pushp plans to use the fund infusion to expand its distribution network, bulk up its existing sales team,…
Tata Consultancy Services, a leading global IT services, consulting, and business solutions organization and IBM have expanded their global alliance to help clients accelerate their digital and cognitive enterprise transformations to IBM public cloud using IBM Cloud Paks. As part of this relationship, TCS will establish an IBM Enterprise Cloud Architecture Unit, which will include…
Peppermint, an IIT-Bombay incubated industrial robotics startup, announced that it has received an undisclosed amount of equity funding from Venture Catalysts, said the startup in a press release today. Naveen Kshatriya, former head of Castrol Asia and ANZ also participated in this seed funding round. Peppermint said they will use the current financing to scale…
Bharti Airtel, India’s largest integrated telco, announced that it has acquired a strategic stake in Edtech startup Lattu Media Pvt Ltd as part of the Airtel Startup Accelerator Program. Mumbai-based Lattu Kids specializes in digital learning tools for children. Its highly popular Lattu Kids app focuses on improving English vocabulary, English reading and Maths skills…
Tonik Financial Pte Ltd, the first digital-only neobank in the Philippines, announced that it closed a $21 million round of Series A equity funding. The round was led by blue-chip VC investors Sequoia India and Point72 Ventures, with a significant participation from previous VC investors Insignia and Credence. tonik said it will use the funding…
London-based multinational investment bank HSBC recently said it is resuming plans to cut around 35,000 jobs which it put on hold after the coronavirus outbreak. The company has also said that It will also maintain a freeze on almost all external hiring. The decision was announced by Chief Executive Noel Quinn said in a memo…
GX Group, a leading manufacturer of FTTH and GPON equipment, announced that it has appointed Sanjay Kaul as Director of Advisory Board. With the company’s growth and Make in India investment plans in India about to be implemented, GX Group adds one of the executive business leading individuals to their list. “Mr. Sanjay Kaul joins…