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World’s largest public relations firm Edelman recently announced that it is reducing its global workforce by 7% as the coronavirus pandemic impacts business severely. The recent development comes just three months after CEO Richard Edelman promised employees of secured jobs during the pandemic. In a virtual town hall to staff, Richard said the consultancy is…
Non-banking financial company Home Credit India recently said that it has laid off about 1,800 employees due to the current coronavirus pandemic. The company through an official statement said, “The unprecedented coronavirus pandemic has affected every aspect of our life. It has impacted each one of us, our families, our customers, partners and businesses. These…
AGC Biologics, a global biopharmaceutical Contract Development and Manufacturing Organization (CDMO), announced the purchase of a state-of-the-art commercial manufacturing facility in Boulder, Colorado USA. The facility, formerly owned by AstraZeneca, will provide AGC Biologics with additional capacity and significantly larger production scale. The facility is expected to begin full-scale operations and manufacturing by April 2021.…
FatPipe Networks, the inventor of software-defined wide area networking (SD-WAN) technology recently announced that it has appointed Harish Motwani as Executive Vice President of Strategic Business and Solution Sales for Fatpipe Networks, India. Prior to joining FatPipe, Motwani was the Executive Vice President of Reliance Communications Ltd, India, where he held leadership roles in Network,…
WoodenStreet, a Jaipur-based online furniture store offering custom and ready-made furniture directly to customer’s doorstep, announced that it has raised $3 million in Series-A funding from IAN Fund and Rajasthan Venture Capital Funds (RVCF). The company will utilise the funds infusion to boost expansion. It has plans to increase its footprint, both domestically and globally.…
BankBazaar, a neutral online marketplace that gives instant customized rate quotes on loans and insurance products, announced that it has raised Rs 45 crore Series D1 funding from new investor WSV – a joint venture fund of Walden International and Korean company SKTA. Existing investors including Amazon, Sequoia India, Experian, and Eight Roads also took…
Management consulting firm Arthur D. Little recently announced that it has acquired US-based business technology research company Cutter Consortium. The company also notified that it has acquired France-based Presans. In an official statement, the company said that “by combining its own expertise with an existing community of independent experts, ADL expands its consulting ecosystem to…
Blue like an Orange Sustainable Capital has closed its first fund, raising just over $200 million for its Latin America Fund I (“the Fund”). The Fund focuses on mobilizing private, primarily institutional, capital for Latin America, and counts over 25 investors as Limited Partners – including AXA, HSBC, CNP Assurances, BNP Paribas Cardif, SG Insurance,…
Crofarm, a Gurugram-based Agritech startup working on making a supply chain that supports farmers and provides businesses with freshest produce in the most efficient manner, announced that it has raised $1 million in a funding round led by Smile Group, according to YourStory report. Also, the company announced entering into business-to-business-to-consumer (b2b2c) space with the…
NIIT Limited, a global skills and talent development company and leading provider of managed training services, announced that William V. West and his accomplished team of digital reality professionals from Regatta VR will join NIIT Inc, effective June 1, 2020. With this appointment, NIIT plans to expand both its capability and market presence in digital…
Temenos, the banking software company, and HCL Technologies (HCL), a leading global technology company, announced the signing of an exclusive strategic agreement for non-financial services enterprises. The agreement is exclusive for seven years. As part of this agreement, HCL has been granted a license to develop, market and support Temenos multiexperience development platform (MXDP) for…
Indonesia’s flag carrier Garuda recently announced that it has laid off pilots as it continues to battle the slow revenue growth caused by the coronavirus pandemic. A senior official from the State-Owned Enterprises Ministry, Arya Sinulingga, said they support the decision taken by the Garuda management. “It was a difficult choice to make, but we…
Antler, a Singapore-based startup generator & early-stage VC that enables the world’s most determined people to build global businesses from the ground up, announced plans to launch in India to enable more entrepreneurs to build startups through their platform, support and global reach. The local operation will start in Bangalore and be led by Rajiv…
L&T Construction announced that it has transformed established or under-construction healthcare units into COVID-19 care facilities across India. The construction arm of Larsen & Toubro has turned large-scale healthcare infrastructure into COVID-19 care facilities in the cities of New Delhi, Champaran and Madhepura in Bihar, Puducherry, Diamond Harbour in West Bengal and Gorakhpur in Uttar…
Mérieux NutriSciences, a US-based company that delivers a wide range of testing and consulting services to the food & nutrition, agrochemicals, pharma and cosmetics industries, announced the acquisition of Chestnut Labs, a value-added food safety solutions provider, from Dairy Farmers of America. The company said that the acquisition will diversify the service offering and expand…