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NetApp, a US-based hybrid cloud data services company, announced it has entered into a definitive agreement to acquire Spot, a leader in compute management and cost optimization on the public clouds, to establish leadership in Application Driven Infrastructure. Digital transformation initiatives have accelerated and remain the top business priority, especially in today’s environment, and the…
Hipla Technologies Pte Ltd, an Internet of things platform that provides customisable integrated solutions to multiple industries such as Offices, Education, Hospitals and Retail spaces, announced that it has raised Rs 2.6 crore in funding from a clutch of wealthy individuals from India and Singapore, according to a VCCircle report. Other Investors who took part…
Nielsen, a global measurement and data analytics company, announced the appointment of Chandler Bigelow as Chief Financial Officer for the Nielsen Global Connect business. Prior to this role, Bigelow was working with Tribune Media Company where he served as the company’s CFO. With close to three decades of proven success at public and private companies,…
Persistent Systems, a global solutions company that excels at delivering digital business acceleration and enterprise modernization for businesses across industries and geographies, announced that it has collaborated with IBM to help accelerate IBM Cloud Pak deployments to speed clients’ enterprise modernization. The company said that more than 2,000 Persistent engineers and technical professionals have been…
PepsiCo, Inc, a global food and beverage company, announced that Wern-Yuen Tan has been appointed Chief Executive Officer of Asia Pacific, Australia, New Zealand and China, overseeing all of PepsiCo’s operations in the region. Tan, who will begin his new role on June 15, 2020, will be based in Singapore and will report to PepsiCo…
GAIL (India) Limited, a New Delhi-headquartered natural gas processing and distribution company in India, and Energy Efficiency Services Limited (EESL), an energy service company of the Government of India, announced that they have signed a Memorandum of Understanding (MoU) for cooperation in development of Trigeneration projects in India. The MoU aims at building a closer…
Microsoft, a US-based software corporation that develops, manufactures, licenses, supports, and sells a range of software products and services, announced the launch of a program for agritech startups in India that are committed to driving transformation in agriculture. The Microsoft for Agritech Startups program is designed to help startups build industry-specific solutions, scale, and grow…
Saregama, a RP Sanjiv Goenka Group company and India’s oldest music label, announced that it has signed a global deal with Facebook, to license its music for video and other social experiences across Facebook & Instagram. The company said that the partnership will allow users to choose from a wide variety of music to add…
Iron Pillar, a Mumbai-based growth-stage technology-focused venture capital, announced that it has roped in US-based real estate-focused firm Nitya Capital as an investor, according to an ET report. Nitya Capital is a privately-held real estate investment firm that owns and manages an estimated $2 billion in assets across the US. The company turns out to…
GoJek, a Southeast Asia’s on-demand multi-service platform and digital payment technology group, announced that it has raised investments from Facebook and PayPal. Facebook and PayPal join other high-profile technology firms that have backed the ride-hailing startup that also offers food delivery and mobile payments. According to TechCrunch, GoJek said that Facebook and PayPal were participating…
Standard Chartered, a London-based international banking group, announced that it has appointed Marc van de Walle, a senior executive from Asia-focused Bank of Singapore, as the global head of its wealth management business. In his new role, Van de Walle will manage retail affluent clients associated with the banking group. He will report to StanChart’s…
LetsTransport, a Bengaluru-based logistics solution provider, announced that it has raised Rs 10 crore funding from Blacksoil Capital. Recently, the company had raised an investment of Rs 13 crore from InnoVen Capital. Founded in 2015 by IIT-Kharagpur alumni Pushkar Singh, Sudarshan Ravi, and Ankit Parasher, LetsTransport offers customized logistics solutions for clients, along with other…
Knorish, a Gurugram-based platform that enables hobbyists, professionals and niche experts to build, launch, market and sell online courses, announced it has raised $3,23,000 as part of its Pre Series A funding round from 100X.VC. Standard Greases Family group and Uday Sodhi, ex-Business Head of Sony Liv also participated in the funding round. Founded by…
QuaQua, a Hyderabad-based global platform that integrates AR/VR/MR content, meta-information and community for travel and tourism industry, announced that it has raised a $1 million funding from Anthill Ventures and other existing investors. The company said that it will use the financing to enhance its user experience and build an end-to-end AI and content-driven travel…
Textile and apparel manufacturer Raymond has recently laid off about hundreds of employees across departments in a cost-cutting drive amid coronavirus pandemic. According to a Business Insider report based on a viral Reddit blog post, the layoffs began as early as February as the group debt was already too high and a slowing economy was…