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MoneyGram Payment Systems, Inc., a wholly-owned subsidiary of MoneyGram International, Inc., recently announced that it has entered into a partnership with The Federal Bank Limited, a private sector Bank in India, for a strategic partnership to offer a cost-effective direct to bank account credit option for customers in India. Through this partnership, millions will be…
NMIMS University announced that it also accepting SAT and ACT scores for select programs. Candidates can choose to apply either through SAT or ACT score. NMIMS said in their press statement that candidates can give two preferences across schools. A merit list will be prepared based on the SAT or ACT Score and preference of…
India’s biggest automobile manufacturer Maruti Suzuki recently resumed operations at its Manesar facility after more than 40 days, and is reportedly planning to restart more production lines at its Haryana factories over the next seven days. However, shortage of manpower due to movement restrictions has become a challenge for the company. Maruti Suzuki’s Chairman, R…
Lupin Limited, an innovation-led transnational pharmaceutical company headquartered in Mumbai, announced the receipt of the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (U.S. FDA) after closure of the inspection for its Vizag facility. The inspection for the API facility was conducted by the U.S. FDA between January 13, 2020 and…
Tata Motors – India’s leading automobile brand, announced a calibrated restart of manufacturing operations for both Commercial and Passenger Vehicles from its plants located at Pantnagar (Uttarakhand) beginning last week and from Sanand (Gujarat). Tata Motors plants in Lucknow (Uttar Pradesh), Dharwad (Karnataka), Jamshedpur (Jharkhand) and Pune (only for Ambulance Vehicle manufacturing) are in final…
Social media giant Facebook has agreed to a $52million court settlement to compensate its content reviewers, after a class-action lawsuit alleged that the employees suffered psychological damages while filtering harmful content uploaded on the site. According to an AFP report, the preliminary settlement was reached in a California court. As per the settlement, the U.S.…
Dathena, a Singapore-based deep-tech company that provides AI-powered data protection and privacy management for global enterprises, announced that they have closed a $12 million Series A round led by Jungle Ventures, with the participation of CapHorn and SEEDS Capital, an investment arm of Enterprise Singapore. Existing investors Cerracap Ventures and MS&AD Ventures also participated in…
The Boston Group Private Limited announced that it has acquired People Prime Worldwide, a recruitment consultancy in India. The acquisition will empower The Boston Group to strengthen its position in the software services industry globally enabling them to deliver best in class resources to their clients and drive business growth. This acquisition will expand The…
HealthAssure, a Mumbai-headquartered healthtech startup has announced the acquisition of FitMeIn, an on-demand fitness subscription service, according to a YourStory report. With this transaction, HealthAssure aims to serve the healthcare needs of more than five million individuals in the country from fitness solutions to primary care by the end of 2020. Varun Gera, Founder and…
Magicpin, a Gurugram-based local discovery, rewards, and commerce platform, announced it has raised funding of Rs 29.3 crore led by Lightspeed Venture Partners, along with the participation of Moonstone Investments, WaterBridge Venture, The Bunting Family Private Fund, and Srivatsan Rajan, according to the RoC documents. Till now, the company has raised $31 million in five…
Social media major Twitter recently announced its plans to allow many of its employees to work-from-home permanently, even after the coronavirus pandemic passes. According to an internal email sent by CEO Jack Dorsey to employees, the company is unlikely to open its offices before September. It also said that some jobs that require physical presence,…
SirionLabs, an enterprise SaaS provider for post-signature contract management, announced it has raised $44 million Series C funding led by Tiger Global and Avatar Growth Capital. Till now, the company has raised a total of $66 million. The company will utilise the fund infusion to focus on strengthening its leadership. It has also announced the…
Intello Labs, a Gurugram-based startup that does quality assessment of food commodities using computer vision and AI, announced that it has raised $5.9 million Series A funding led by Saama Capital. New investors who participated in the round include Singapore-based agritech fund GROW, and US-based SVG Ventures THRIVE. Existing investors Omnivore and Nexus Venture Partners…
Payescape, a UK-based company that offers a cost effective online payroll processing service for companies, announced it has added a powerful API payroll engine, PayRun.io to their business. The company said that in these difficult times when many companies are under pressure to cut back, Payescape has taken steps to keep moving forward. Managing Director…
IBM announced that Vodafone Idea Limited has delivered the first major production milestone for core network functions on its Open Universal Hybrid Cloud, powered by IBM and Red Hat. The platform enables IT and network applications to run on a common cloud architecture – designed to deliver breakthrough ROI improvements through optimization of CapEx, OpEx,…