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.
Syndio, a US-based HR analytics platform that helps organizations identify and address critical issues that impact employee populations, announced it has raised $7.5 million in Series A funding co-led by Emerson Collective and Voyager Capital. Existing investors Sirius, Contour Venture Partners, and Frontier Venture Capital also participated in the funding round. “Syndio has been at…
Japanese multinational conglomerate SoftBank Group Corp recently announced that Alibaba Co-Founder Jack Ma will resign from its board. Jack Ma’s resignation is the latest high-profile departure by an ally of SoftBank CEO Masayoshi Son. Jack Ma resigned from the board as he is pulling back from formal business roles to focus solely on philanthropy. Earlier…
DeepTek Medical Imaging Pvt. Ltd, a Pune-based healthtech startup that operates an artificial intelligence-enabled radiology platform, announced it has raised funding from a clutch of investors, including GHV Accelerator. Other investors that participated in the funding round include Japanese medical imaging solution provider Nobori Ltd and information technology services firm NTT Data. Pune-based Pentathlon Ventures…
India’s largest passenger vehicle manufacturer Maruti Suzuki recently announced that it has decided to resume manufacturing operations at its Gurugram plant from May 18. The recent decision comes just a week after the company resumed operations at its Manesar plant on May 12. The company has said that it will operate according to the guidelines…
Internet giant Google recently announced that it has appointed former Microsoft executive Anil Bhansali as Vice President of Engineering for its cloud business in India. In his new role, Bhansali will handle all software development support efforts for Google Cloud in India. Commenting on Bhansali’s appointment, Amit Zavery, Vice President, Engineering, Google LLC said, “We’re…
US-based investment firm General Atlantic recently announced that it will be investing ₹6,600 crore in Mukesh Ambani-led Jio Platforms for a 1.34% stake in the company. According to a company statement, the investment values Jio Platforms at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore. “This investment continues…
Bangkok-based fintech startup Digio recently announced it has raised $4million in a Series B round. The funding round saw participation from Thai interbank payments provider PCC, Beacon Venture Capital, and Private Equity Trust for SME Growing Together 2. The company plans to use these new funds to accelerate product and services development. The company said…
As the country prepares to enter the fourth phase of the lockdown, there are predictions that the government might resume domestic air travel. The predictions were made after Prime Minister Narendra Modi addressed the nation and said that the fourth lockdown will be different from the previous ones. Giving a hint that the air travel…
The Prime Minister of India, Narendra Modi recently announced the ambitious plan to make India “Atmanirbhar” or self-reliant to boost the economy and support the Indian industries. Taking cue from the Prime Minister, Yoga guru Baba Ramdev-backed Patanjali Ayurved is gearing up for the launch of its own e-commerce platform “OrderMe.” The platform will be…
In times when companies are laying off employees and reducing salaries, Asian Paints has said that it will go ahead with annual increments. In an attempt to boost employee morale and strengthen the bond with its employees, the company has decided to not lay off any employees and give them their annual salary raise. Citing…
American financial services firm Goldman Sachs recently said that it will honour all the jobs and internship offers made to 1,460 Indian graduates and students amid coronavirus pandemic. According to a Reuters report, the US-based bank has said that it will honour all the 1,460 offers, which is equivalent to quarter of its workforce in…
Indian smartphone maker Lava recently said that it will shift its production base from China to India. The company will reportedly also shift its design center, which employees 600 people, to the country. According to a Business Standard report, the recent move is because of the government’s new Production Linked Incentives (PLI) for manufacturers in…
Maruti Suzuki has rolled out a set of detailed Standard Operating Procedures (SOPs) for its vast network of over 3800 service centers across 1914 cities. These SOPs are devised to ensure safety and wellbeing of the customers and staff. They adhere to all the advisories and guidelines stipulated by the State and Central Governments. Maruti…
Slice, a Bengaluru-based fintech firm operated by GaragePreneurs Internet Pvt. Ltd, announced it is set to raise debt funding from the investment and consulting arm of Gunosy Inc., a Japan-based news and technology services company. According to regulatory filings by Slice, it will raise $3 million (Rs 22.5 crore) from Gunosy Capital Pte. Ltd. Following…
Charmeuse Technologies Pvt. Ltd, which operates the textile and apparel-focussed software-as-a-service (SaaS) firm VastraApp, announced it has raised seed funding. The company has raised capital from Vivek Khare’s Syndicate through investment platform LetsVenture, and from apparel manufacturer BlackBerrys, which is operated by Mohan Clothing Co. Pvt Ltd, VastraApp said in a statement. However, the Ahmedabad-based…