HrNxt Newsdesk

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.

Ahmedabad-based Nepra raises $18 mn Series C funding from Aavishkaar and Circulate Capital

Nepra Resource Management, a waste management and recycling company specializing in the collection, segregation, processing, and recycling of local municipal dry waste, including plastic, announced it has raised $18 million in Series C funding from Aavishkaar Capital and Circulate Capital. Nepra will utilise the current funding to further expansion across India. The company has a…

DXC Technology appoints Ken Sharp as Executive VP and CFO

DXC Technology, an end-to-end IT services company, helping clients harness the power of innovation to thrive on change, announced the appointment of Ken Sharp as Executive Vice President and Chief Financial Officer. Sharp will report to DXC President and Chief Executive Officer Mike Salvino, effective Nov. 30, 2020.  Prior to this role, Sharp served as…

Infosys recognised as a Leader in the Everest Group PEAK Matrix for Cloud-native Application Development Service Providers 2020

Infosys, the global leader in next-generation digital services and consulting, announced that it has been positioned as a Leader in Everest Group’s PEAK Matrix for Cloud-native Application Development Service Providers 2020.  Infosys was recognized for its ability to help organizations augment their digital capabilities, modernize their core systems, and deliver design-led experiences in an agile…

TCS acquires Pramerica Services unit from insurance major Prudential Financial

Tata Consultancy Services, a global IT services, consulting and business solutions organisation, and Prudential Financial, Inc. (PFI), a financial wellness leader and premier active global investment manager, announced that they are entering into an agreement that will see TCS acquire the staff and select assets of Pramerica Systems Ireland Ltd. (Pramerica), PFI’s subsidiary based in…

EPL to acquire Creative Stylo Packs

EPL Limited (formerly known as Essel Propack Limited), the world’s largest specialty packaging company, announced that its Board of Directors have approved the acquisition of Creative Stylo Packs Pvt. Ltd. in a part-cash and part-stock transaction.  Creative Stylo Packs Pvt. Ltd. is an established manufacturer of corrugated boxes, laminated tubes, plastic co-ex tubes and caps-primarily…

Times Internet appoints Smriti Ahuja as Chief People Officer

Times Internet Ltd (TIL), a digital product company and a digital venture of The Times of India Group, has appointed Smriti Ahuja as Chief People Officer, effective November 2, 2020. Ahuja will report to Gautam Sinha, CEO of Times Internet. In her new role, Ahuja will be focusing on building and maintaining a high-performance culture…

Infosys bags two Diamond awards at ITSMA’s 23rd Annual Marketing Excellence Awards 2020

Infosys, the global leader in next-generation digital services and consulting, announced that it has won the Diamond award—the highest category of recognition—at Information Technology Services Marketing Association’s (ITSMA) 23rd Annual Marketing Excellence Awards Program.  Infosys was awarded in the category of ‘Driving Strategic Growth’, for building and scaling Big Bet Campaigns and ‘Scaling and Optimizing…

Link Legal announces merger with S D Services, adds compliance practice

Legal India Law Services, a full service law firm established in 1999 has announced the merger of boutique compliance and litigation practice S D Services with Link Legal.  The compliance practice will offer end to end solution including compliance audit and management services through a technology-based platform. This practice will add great value to the…

Pune-based Gabbardeals acquires SaaS provider InstaOne Software

Gabbardeals, an omnichannel mobile phone retail brand, announced that it has acquired InstaOne Software, a Software as a Service (SaaS) company providing retail and distribution solutions. Financial details of the deal remain undisclosed. The acquisition will allow Gabbardeals to build a full stack of Point of Sale systems to better last-mile connectivity and deliver consumer…

Abhishek Prakash joins NewDay India as CEO

NewDay USA announced it has hired Abhishek Prakash as CEO of its subsidiary, NewDay India, headquartered in Hyderabad, Telangana, India. “Abhi’s experience in operations, strategy and business development, and building teams over the past 13 years at Schlumberger will be a valuable addition to NewDay,” said NewDay USA Founder and CEO Rob Posner.” As CEO…

Happiest Minds Technologies enters strategic partnership with Centrica’s Io-Tahoe

Happiest Minds Technologies Limited, a ‘Born Digital . Born Agile’, digital transformation and IT solutions company and Io-Tahoe have entered a strategic partnership to provide their esteemed clients with effective Data Discovery and Governance solutions.  This will help improve data security and maturity within companies and minimize their data risk exposure, Happiest Minds Technologies said…

Spotify announces acquisition of podcast advertising platform Megaphone

Spotify Technology, the world’s most popular audio streaming subscription service, announced that the company has entered into a definitive agreement to acquire Megaphone, one of the world’s most innovative podcast advertising and publishing platforms. Together, Spotify and Megaphone will help advertisers and podcast publishers realize the full potential of podcasts.  The two companies will achieve…

Petronet’s ex-CEO Prabhat Singh joins Reliance Industries

Prabhat Singh has joined a Reliance Industries Ltd affiliate firm, after completing a five-term term at Petronet, India’s largest liquefied natural gas importer, according to ET report. “Singh joined the business leadership team of the India Gas Solutions (IGS),” P M S Prasad, Reliance Industries executive director, said. Earlier in August, Sanjiv Singh, former Indian…

Bengaluru-based fintech startup Slice raises Rs39 cr in debt funding

Slice, a fintech startup which is building a smart, simple, and transparent financial platform to redesign the life experience for millennials, announced that it has raised Rs 39 crore in debt funding from Vivriti Capital, Northern Arc Capital, InCred Financial Services, Growth Source Financial Technologies, and Ashv Finance. The company will utilise the funds raised…

Delhi-based FuelBuddy appoints Sajjan Kumar Ahlawat as President

FuelBuddy, a Delhi-based on-demand delivery app for fuel, has recently appointed Sajjan Kumar Ahlawat as President. Ahlawat has vast experience of over 35 years in various capacities at Indian Oil Corporation Limited (IOCL). Ahlawat served as the overall Marketing Head for Bihar, UP, Delhi and Haryana for IOCL. He holds a rich experience in project…