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Glenmark Pharmaceuticals, a research-led integrated global pharmaceutical company, announced that it has initiated Phase 3 clinical trials in India on Antiviral tablet Favipiravir, for which it received approval from India’s drug regulator DCGI in late April. Glenmark claims to be the first company in India to initiate Phase 3 clinical trials on Favipiravir for COVID-19…
Bharti Airtel, one of India’s largest integrated telcos, announced it has selected IBM and Red Hat to build its new telco network cloud. Under the agreement, Airtel will build its next generation core network, analytical tools and new consumer and enterprise services on top of this cloud platform based on open standards. With the new…
Sindhuja Microcredit Pvt. Ltd, a rural-centric microfinance company, announced it has raised $8.7 million in its Series B funding round from the Nordic Microfinance Initiative (NMI), the Norway-based impact investor focussed on Africa and Asia and from existing investor Carpediem Capital. Vidura Capital acted as the exclusive financial advisor for the transaction, while Vertices Partners…
Spyne, a Gurugram-based AI powered SaaS Platform for Photographers and Creative Professionals, announced it has raised pre-Series A funding as growth capital. Finance details of the funding remain undisclosed. The investment was led by Angellist, Smile Group, Manish Amin (COO, Yatra), Anil Goel (CTO, OYO), Anubhav Sonthalia (CEO, Sokrati), and Deepak Mittal (CEO, TO THE…
Shiprocket, a logistics aggregator, announced it has raised $13 million led by Tribe Capital, a Silicon Valley-based investment firm, along with Innoven Capital and existing investor Bertelsmann India Investments. The company in a statement said that the latest capital infusion gives nearly 30 times returns in five years for Shiprocket’s angel investors who exited in…
Tata Power Strategic Engineering Division (Tata Power SED), a division of The Tata Power Company Limited, announced the signing of an important contract with Ministry of Defence, Government of India, for modernisation of infrastructure of 37 Airfields of Indian Airforce, Indian Navy and Indian Coast Guard. Tata Power mentioned in their release that the contract…
Ramco Systems, a global enterprise software specialist, announced that WT Partnership Australia, a leading international cost and consultancy firm, has successfully implemented Ramco HR and Global Payroll solution in Phase I of the project, to replace the latter’s legacy systems for its Australian operations. Ramco said in their media release that WT Australia’s HR and…
Archistar, an Australian property intelligence platform, announced it has closed a $6 million Series A funding round led by AirTree. The company will use the fund infusion to accelerate its international growth and expand its product and engineering team. Archistar’s early stage investors include former Chairman of REA and CEO of NewsCorp Australia Peter Tonagh,…
The Internet Ecosystem Innovation Committee (IEIC), an independent committee that promotes internet diversity and resilience through the formation of new global internet nexus points, announced that Uber, has joined as a founding member. Dr. Jason Black, Head of Global Network Infrastructure at Uber Technologies, will be representing the company alongside the IEIC’s other founding members.…
Opteamix LLC announced the appointment of IT veteran Kishore M Naidu as Director of IT Operations. In his new role, Kishore will lead the IT Operations and infrastructure verticals and will provide key support to all major IT functions within the organization to ensure high-quality delivery. Kishore has over two decades of experience in Cloud…
Tupperware Brands Corporation announced that the Compensation Committee of the Company’s Board of Directors approved an Employment Inducement Equity Award for recently hired new executive Marco Brandolini, Vice President, Commercial for Europe, the Middle East and Africa (EMEA). The company said that the award was approved in order to induce Brandolini to enter into employment…
AbbVie, a research-based global biopharmaceutical company, headquartered in North Chicago, announced that it has completed its acquisition of Allergan plc. “We are pleased to reach this important milestone for the Company, its employees, shareholders and the patients we serve,” said Richard A. Gonzalez, Chairman and Chief Executive Officer, AbbVie. “Our new Allergan colleagues should be commended…
Cooper-Standard Holdings Inc., a leading global supplier of sealing, fuel and brake, and fluid transfer systems for transportation and industrial markets, announced it has signed an agreement to divest its European rubber fluid transfer and specialty sealing businesses, as well as its Indian operations, to Mutares SE & Co. KGaA. “This transaction, when closed, will…
At its Think Digital conference, IBM announced the launch of Open P-TECH, a free digital education platform focused on workplace learning and digital skills. The platform, building on the industry leading P-TECH program, equips 14-20-year old learners and educators with foundational technology competencies. Training in technologies such as AI, cloud computing and cybersecurity, along with…
Braid Health, a San Francisco-based digital health innovation company that develops AI-powered diagnostic tools for radiology, announced that it has raised $9 million in seed and Series A investment rounds led by Lux Capital. Other investors that took part in the funding round are Rucker Park Capital, which includes prominent investors such as former Twitter…