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NewDay USA, one of the US’ leading VA mortgage companies, announced that it has appointed Pooja Bansal as SVP of human resources and communications. “Pooja’s experience in strategy, operations, and customer-centric leadership will be a valuable addition to the NewDay USA team,” said NewDay USA Founder and CEO, Rob Posner. “As Senior Vice President of…
Razorpay, the leading full stack financial solutions company, announced that they will continue to hire for critical roles across Product and Engineering teams. The company said that it is hiring for over 50 critical positions across functions like Backend, Frontend, Data Sciences and Product Management to meet the increasing demand and enable seamless online transactions…
The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a loan of $500 million to support India’s efforts to prevent, detect and respond to the threat posed by COVID-19 by strengthening the preparedness of the country’s national health system. The project is funded by AIIB’s COVID-19 Crisis Recovery Facility created to adapt to…
Caspian Debt, a Hyderabad-based digital corporate lending financial services firm, announced it has raised $20 million as long-term debt. The debt provider has raised this capital from the US International Development Finance Corporation (USIDFC), an arm of the US government that provides finance to impact-oriented projects, Caspian said in a statement. This fund facility will…
Global investment firm The Carlyle Group and the existing promoters of SeQuent Scientific Ltd, announced that CA Harbor Investments, an affiliated entity of CAP V Mauritius Ltd and The Carlyle Group, has agreed to acquire an equity stake of up to 74% in SeQuent Scientific Limited, the largest pure-play animal healthcare company in India. The…
Steadview Capital, an Asia-focused hedge fund, announced it has invested an additional Rs 67 crore in online beauty retailer Nykaa. Till now, the firm has invested close to Rs 170 crore in the company and holds a 3% stake in the venture. The latest capital infusion follows the Rs 100 crore investment Steadview Capital made…
GlaxoSmithKline, a British multinational pharmaceutical company, announced that it has sold its stake in Unilever’s Indian business for $3.35 billion. The funds will help GSK in its goal of reinvigorating its drug development pipeline, having made costly bets on experimental cancer treatments and future cell and gene therapies amid sluggish revenue growth. The 133.77 million…
The Libra Association, an independent membership organization, announced the appointment of Stuart Levey as its first CEO. Levey brings to the Association a wealth of leadership experience in the public and private sectors cutting across banking, regulatory policy and national security issues. In his new role, Levey will serve as the overall strategic leader for…
Mahindra & Mahindra Group’s Chief Marketing Officer, Vivek Nayer recently announced on Twitter that he is stepping down from his office after a 15-year tenure with the company. Announcing his decision to step down from the position, he tweeted, “When a journey begins, it also has to end one day! After almost 15 years, I…
Ecoinno (H.K.) Ltd, a Hong Kong-based green material company focused on providing alternatives to single-use plastics, announced the closing of a US$6 million Series A1 funding from the Alibaba Hong Kong Entrepreneurs Fund and Alibaba Taiwan Entrepreneurs Fund II. The company will utilise the fund infusion to begin industrial-scale production of its proprietary Green Composite…
Logicworks, a leading cloud migration and managed services provider, announced that the company has been named a Leader in the 2020 Gartner Magic Quadrant for Public Cloud Infrastructure Professional and Managed Services, Worldwide. This is the fourth consecutive year that Logicworks has been included in this Magic Quadrant. “Our customers are looking for flexible and…
Pharma major Lupin Limited announced the successful close out of the inspection carried out by the Medicines and Healthcare products Regulatory Agency (MHRA), the regulatory agency of the United Kingdom (UK), at its three manufacturing units in Pithampur (India). The inspection for the three units at Pithampur (Unit I, Unit II and Unit III) was…
DirectMail.io, a US-based marketing intelligence platform that increases efficiency while boosting the performance of direct mail announced that it has integrated Amazon Alexa with direct mail in its patented “Voice” feature, and now the company has discovered a way to integrate Facebook Messenger with direct mail. “Being able to tie the two worlds together changes…
Hexaware Technologies Ltd announced it has developed KareRing, a cloud-based, quarantine zone care management software solution and mobile application that provides institutional care providers a care management dashboard, quarantine zone tracking and reporting facility. The company said that the healthcare organizations, community hospitals, governments, NGOs, law enforcers, communities, enterprises and care providers can use the…
LetsVenture, an online funding platform that enables startups looking to raise seed capital to create investment ready profiles online, and connect to accredited investors, announced it has launched LetsVenture Plus, which will allow ultra-high net-worth individuals (UHNIs) and family offices to invest in growth stage startups, as well as come in as Limited Partners in…