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As job losses across industries have increased due to the coronavirus crisis, Delhi-based logistics SaaS platform, FarEye announced that it has expanded its manpower with remote hiring by over 12%. The recruitment is fuelled by the surge in usage of FarEye’s platform for delivering essential goods amid the lockdown. The company has successfully maintained and…
Chai Point, a Bengaluru-based omni-channel beverage brand that brings a perfectly brewed cup of chai, announced that it has partnered with Dunzo and Shadowfax for last mile delivery, according to an ET report. In India, most food and beverages chains are not allowed to operate in malls, an area where significant number of their outlets…
Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, has announced the development of a cloud-based, end-to-end solution to help banks accept and process forgiveness requests as part of the Small Business Administration (SBA) Paycheck Protection Program (PPP) under the Coronavirus Aid Relief and Economic Security (CARES) Act passed by the…
Henry Ford Health System, a US-based healthcare provider, announced that it has selected Carladenise Edwards as senior Vice President and Chief Strategy Officer for the health system. Edwards will join Henry Ford on July 13, 2020. In her new role, she will provide executive counsel and leadership for the system’s strategic planning efforts and partnership…
Timios, a Bengaluru-based online platform intended to offer age-appropriate nutritional products, announced that it has raised capital as part of its pre-Series A round of funding, according to a VCCircle report. Financial details of the funding remain undisclosed. The pre-Series A funding round was led by Rangsons Technologies LLP, which is part of the Mysore-based…
British low-cost airline easyJet is planning a layoff of up to 4,500 jobs and shrinking its fleet to adjust to the smaller travel market, which is forecast to not emerge from the coronavirus crisis anytime soon. EasyJet employs about 15,000 people in eight European countries, the latest airline company to announce job cuts due to…
Technology major Cisco Systems, Inc. recently announced that it has agreed to acquire privately-held software maker ThousandEyes, Inc. The deal is worth nearly $1 billion, Bloomberg reported earlier, citing sources. The recent development at the company was anticipated by industry analysts since Cisco bought AppDynamics in 2017 for $3.7 billion just before the IPO. The…
French carmaker Renault recently acknowledged that its global ambitions had been unrealistic and it is going ahead with a restructuring exercise. According to a Reuters report, the automobile manufacturer is planning to cut about 15,000 jobs, shrink production and restructure French plants. Owing to the declining sales due to the coronavirus pandemic, the company announced…
British multinational bank Barclays Investment recently announced the appointment of Alex Lynch to the role of Chairman of Banking. Lynch will be based in New York and report to Joe McGrath, Global Head of Banking. In his new role, Lynch will focus on developing relationships with Barclays’ clients, both within the financial institutions space and…
American media conglomerate Cox Media Group (“CMG”) recently announced that it has appointed Daniel York as President and Chief Executive Officer. York most recently served as Senior Executive Vice President and Chief Content Officer of AT&T and its subsidiary, DIRECTV. As President and CEO of Cox Media Group, York will be responsible for all aspects…
Siemens Healthineers, a medical technology firm and one of the world’s largest suppliers to the healthcare industry, announced that it has partnered with the industry body Nasscom for collaboratively nurturing innovation in healthcare startups, according to an ET report. Siemens Healthineers and Nasscom’s Center of Excellence for IoT & AI will work with the Indian…
Sun Pharmaceutical Industries Ltd, a Mumbai-headquartered pharmaceutical company, announced that it has received approval from the Drugs Controller General of India (DCGI) to initiate a clinical trial with Nafamostat Mesilate in Covid-19 patients. The company said that Nafamostat is approved in Japan for improvement of acute symptoms of pancreatitis and treatment of Disseminated Intravascular Coagulation…
Online ticket booking platform BookMyShow has recently downsized its employee count across offices in India and international markets. The downsizing exercise reportedly impacted about 18% of its workforce or 270 employees. The recent development at the company comes at a time when entertainment businesses like Cinemas, theater and cultural events have to come to a…
Pitstop, a Bengaluru-based startup that offers general repair and maintenance services for cars through its doorstep service vehicles, announced that it has appointed Sirish Bajpai as its Chief Technical officer (CTO). Prior to this role, Bajpai has worked with companies like CapitalOne, Hughes, Alcatel, Tellabs, and HealthWizz among others during his career span of over…
South Korean automobile manufacturer Kia Motors is planning to pump in additional $54 million in its Andhra Pradesh plant. The announcement for the investment was made by the Chief Executive Officer of Kia Motors India Kookhyun Shim. “Kia was a big success in the Indian car market within 10 months of starting production. We are…