HrNxt Newsdesk

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.

Thales picks Google Cloud to transform its eSIM management services

Thales, a Paris-based IT & Services company, announced that it has deployed the world’s first GSMA-certified eSIM activation solution on Google Cloud. This solution will offer telecom operators secure and highly scalable support to manage increases in mobile subscriptions for eSIM-capable devices.  “It also lets them benefit from the reliability of Google Cloud’s carbon neutral…

Rooter raises $1.7 mn in fresh funding round led by Paytm, others

Rooter, a New-Delhi based sports fan engagement platform, announced it has raised $1.7 million in a fresh funding round led by Paytm, Adidas family-backed leAD Sports, Rockstud Capital, and Founder Bank Capital—the early-stage arm of RB Investments. Anthill Ventures, Venture Catalysts and other angel investors also participated in the round, according to a press statement.…

Colliers International India names Ajay Sharma Ayyagari as MD of Valuations business

Colliers International announced the appointment of Ajay Sharma Ayyagari as the Managing Director of the Valuations business in India.  Prior to this role, Ajay was working with Deloitte where he was the Director Financial Advisory (Valuations). Ajay is a registered architect with COA, Member of Royal Institute of Chartered Surveyors (MRICS) and Fellow of Institute…

BHEL invites international companies to set up operations in India

The ongoing economic disruption across the world, due to Covid-19 has highlighted the dangers of manufacturing activities being concentrated in a single location and thrown up the need for diversification of supply chains and manufacturing. This has thrown up a huge opportunity for India – one of the fastest growing economies of the world and…

Former Yahoo executive Laura MacKinnon appointed Chief People Officer of Clari

Clari, the revenue operations leader, announced the appointment of Laura MacKinnon as Chief People Officer. In her new role, Laura will lead the company’s people experience, operations and talent acquisition functions across Clari’s Sunnyvale and Bengaluru offices. Laura has more than 20 years of experience building and leading people organizations at high-tech firms including Yahoo!,…

Jio platforms bags investment worth Rs5655.75 cr from Silver Lake

Reliance Industries Limited and Jio Platforms Limited announced that Silver Lake will invest ₹ 5,655.75 crore into Jio Platforms. “In the wake of the severe economic disruptions caused by the COVID-19 pandemic, globally and especially within India, this partnership with one of the most renowned tech-investors globally, Silver Lake, has special significance. Comprehensive digitisation will…

Online grocery firm Grofers is in talks to raise $60-$70 mn funds

Grofers, a low-price online supermarket that provides grocery delivery, said that it is on track to rack up $60-$70 million in new funding, according to an ET report. Currently, the company has registered a major demand surge with more Indians shopping online for essentials amid a continued nationwide lockdown to stem the spread of the…

Logistics platform LoadShare raises Rs100 cr funding led by Beenext

LoadShare, a Bengaluru-based tech-enabled logistics platform, announced it has raised Rs 100 crore funding led by Beenext. Other investors that took part in the funding round include CDC Group and existing investors Stellaris Venture Partners, Matrix Partners and venture debt fund Alteria Capital. The company plans to use the funds to deepen its ‘essentials’ supply…

Children’s food and nutrition startup LiL’Goodness gets investment worth Rs5 crore

LiL’Goodness, a Bengaluru-based children’s food and nutrition startup, announced that it has raised Rs 5 crore funding led by Japan’s Beyond Next Ventures and angels including Sajan Pillai from Season Two Ventures. The company will utilise the current funds infusion to boost expansion. The company will expand its packaged foods range, distribution network and production…

Namely terminates CFO Daniel Murphy amid coronavirus: Report

Layoffs have become an everyday news during the ongoing coronavirus pandemic. There have been numerous reports from the talent ecosystem about companies handing over pink-slips to employees to survive the crisis and conserve cash. Though most of the job cuts so far were only limited to medium or junior level employees, in a very surprising…

HR-tech startup Namely lays off staff amid coronavirus

US-based HR-tech company Namely has reportedly downsized 40% of its staff including some senior level executives and CxOs. According to a TechCrunch report, the eight-year-old startup has laid off over 400 employees or 40% of its workforce. The cuts are across the board, from high-ranking staffers, including a CFO who was brought on almost exactly two…

Tech Mahindra puts hold on wage and increment hikes, no layoffs yet

IT company Tech Mahindra recently announced that it is putting a hold on incentives and wage hikes amid the coronavirus pandemic. As the coronavirus outbreak disrupts operations worldwide, the company is not looking at any clarity on business. However, the company said that its junior associates will still get their full remuneration packages. Talking to…