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Just days after reopening its production plant at Manesar, India’s largest automobile manufacturer Maruti Suzuki announced that one of its employees at the plant has tested positive for the novel coronavirus. A company spokesperson informed the media that the company is also looking at “a possibility of a second case” of infection at the plant…
Mukesh Ambani-led Reliance Jio’s much anticipated e-commerce project JioMart has finally gone live after months of testing and trial projects. The company started receiving orders from serviceable pin codes soon after the website went live. In an attempt to lure new customers, the website is selling certain products at a minimum of 5% discount on…
Online intelligence firm Cyble recently announced that cyber criminals have posted personal data of 29.1mn or 2.9Cr job-seeking Indians on the dark web for free. The company recently through a blog post broke the news to the world. It is the same company which had revealed hacking of Facebook and Unacademy databases by hackers. “29.1…
Just days after Jack Dorsey announced permanent remote working for Twitter and Square employees, his counterpart Mark Zuckerberg announced a similar move for Facebook employees globally. In a publicly broadcasted live stream, Facebook Chief Executive Officer Mark Zuckerberg announced that Facebook Inc will shift toward more permanently embracing remote work even after coronavirus lockdowns ease.…
Ahmedabad-based fintech startup Lendingkart recently laid off 30% of its workforce just days after securing a ₹319Cr funding. The move is expected to impact around 200 employees of the company. Lendingkart provides collateral-free working capital loans ranging from Rs 1 lakh to Rs 40 lakh to small businesses and MSMEs, who have taken a big…
Technology giant Microsoft recently announced that it has acquired robotic process automation startup, Softomotive for an undisclosed amount. The acquisition was confirmed by Microsoft Chief Executive Officer Satya Nadella during his Build keynote. Nadella informed that Softomotive would become a part of Microsoft’s Power Automate platform (PRA). “We’re bringing RPA — or robotic process automation…
Imperfect Foods, a San Francisco-based company that focusses on reducing food waste and build a better food system for everyone, announced that it has closed a Series C funding round of $72 million, led by Insight Partners. The round was also supported by existing investors of the company, including Series B lead Norwest Venture Partners.…
ChromaCode, Inc, a California-based company redefining molecular testing through data science, announced that it has raised a $10 million Series C extension with an investment from Adjuvant Capital. The Adjuvant investment brings the company’s total Series C funding to $38 million. Managing Partner Jenny Yip will join ChromaCode’s Board of Directors. Existing investors Northpond Ventures,…
Consulate Health Care, a US-based leader in providing senior health care services, and the largest in Florida, announced the appointment of Cindy Chrispell to Chief Human Resources Officer. Chrispell is a career HR professional who has served in multiple industries, including twelve years of experience in long-term care. “Cindy’s expertise and strong HR business acumen,…
Windtree Therapeutics, Inc, a US-based biotechnology and medical device company focused on developing drug product candidates and medical device technologies to address acute cardiovascular and pulmonary diseases, announced the closing of its previously announced public offering of 2,758,620 units at a price to the public of $7.25 per unit and the exercise in full of…
Altimetrik, a US-based business and IT transformation company, announced that it has named Krishna Muniramaiah as Head of HR for Asia Pacific region. Krishna holds over 21 years of experience in the IT industry. In his new role, Krishna will be responsible for leading the firm’s human resource operations and strategic direction to boost talent…
The world’s second-largest mobile operator, Vodafone Group PLC recently announced that it has appointed current Heineken Chief Executive Officer Jean-Francois Van Boxmeer as the new Chairman of the company. Boxmeer will be succeeding Gerard Kleisterlee from November this year. The British company said Van Boxmeer will join as a non-executive director on July 28. He…
Computer hardware company IBM or International Business Machines Corp recently announced that it is planning to lay off an unspecified number of employees across five states in the United States. Incidentally, this is the first time the global tech giant is executive layoff exercise under the new Chief Executive Officer Arvind Krishna’s leadership. The company…
At a time when several start-ups continue to lay off employees to tide over the economic crisis created by the coronavirus pandemic, India grown messaging app Hike has said that it is open to hiring new employees. The homegrown unicorn founded by Kavin Bharti Mittal said that it is hiring for over 20 open positions…
Online retail giant Amazon recently announced that its India unit is planning to hire 50,000 temporary or seasonal employees in the country. The recent move by the company is a result of recently relaxed lockdown norms by the Government of India which allowed for the delivery of non-essential items in all zones except containment areas.…