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Expedia Group, an online travel company that provides hotel reservations, airline tickets, and vacation packages has said that it has raised $3.2 billion in fresh capital to boost its liquidity, in an effort to ride out a coronavirus-driven collapse in travel demand. Also, the company named its new CEO Peter Kern, who was earlier holding…
Indusface, a SaaS startup that provides IT security solutions has announced that it has received $5 million funding from Tata Capital Growth Fund II. The company will use the funding for global customer acquisition and product innovation. “We believe that the cybersecurity market will continue to see significant growth as securing digital assets becomes a priority…
India’s largest airline by market share IndiGo, recently announced that it has decided to not go ahead with its earlier decision of employee salary cut for the month of April. The airline said that the decision is in deference to the Central government’s wishes. “In deference to our Government’s wishes of not reducing pay during…
In an attempt to promote employee welfare and the company’s relationship with dealers and franchise owners, Bharti Airtel will reportedly pay the April month salary of nearly 25,000 employees belonging to its dealers, distributors and franchisees. According to a report by Mint, the company has told its partners to pay their employees full salaries for…
Morris Garages India recently announced that it has named Udit Malhotra as Head of Marketing, India. For the past 10 months, Malhotra was the acting head of marketing at MG before stepping into the role completely. Malhotra takes over from Pallavi Singh, who previously held this position and now has moved to BMW India. He…
HMD Global, the home of Nokia phones, today announced the appointment of Stephen Taylor as Chief Marketing Officer. Stephen brings with him almost 30 years’ experience in sales and marketing across some of the world’s best-known brands including PayPal and Samsung. At HMD Global, Stephen will be responsible for the overall marketing strategy and execution…
Telecom equipment company Huawei recently announced leadership changes for its India business. Huawei India’s current Chief Executive Officer Jay Chen has now been promoted to a leadership role in the Asia Pacific region. He will be replaced by David Li. David, who was earlier the Deputy CEO of the company. Outgoing CEO Chen has worked…
Intuit QuickBooks announced the launch of the Small Business Relief Initiative, in collaboration with Milaap, to help small and micro businesses in India to raise money to tackle the challenges arising from the COVID-19 lockdown. Intuit’s QuickBooks Online is the world’s leading financial management solution for small businesses and accountants. The Small Business Relief Initiative…
Subhash Chandra-backed global tube-packaging company Essel Propback recently announced that it has appointed former Viacom18 executive Sudhanshu Vats as Chief Executive Officer and Managing Director. The company Board has further appointed Vats as Additional Director of the company. His appointment comes in effect since 16 April 2020. An industry veteran with 28 years of experience…
Cloud data services and data management company NetApp, recently announced the appointment of Puneet Gupta as Vice President for Sales, India and SAARC. Puneet will succeed Anil Valluri, who will quit NetApp in the last week of April. For his new role, Puneet will be based in New Delhi. He will be directly responsible for…
Faber-Castell, one of the world’s largest and oldest manufacturers of high-end writing instruments, recently announced that it has appointed Sonali Shah as the company’s new Marketing Director for India business. Shah has been associated with the company for three years now. Prior to her elevation to the new post, Shah was the head for company’s…
Ansira Partners, Inc., an independent global marketing services and solutions company, announced that the company has completed the acquisition of the CDK Global Digital Marketing Business, which has been rebranded as Sincro. “The completion of the acquisition of Sincro further amplifies the breadth and depth of Ansira’s local marketing solutions, which is especially important today…
Bugworks Research, a Biopharma startup, announced that it has raised $7.5 million (Rs 57.30 crore) in a fresh funding round, led by University of Tokyo Edge Capital and Global Brain Corporation, along with South Africa-based Acquipharma Holdings, the Bengaluru and Delaware-based company announced on Thursday. With the closure of the transaction, the startup, which also…
WestJet, a Calgary-based airline has announced that the company will further lay-off 3,000 of its workers in early May as demand for flights craters amidst the COVID-19 pandemic. Earlier in March, the company laid off 6,900 of its workers amid a dramatic downturn in business because of COVID-19. The number of people who lost their…
RapidValue Solutions, a leading provider of digital product engineering services and solutions, has been recognized as a Great Place to Work in the Information Technology sector in the small & mid-size organizations category. “This has been the outcome of the company’s relentless pursuit to provide a preferred place to work and attract top-notch talent, along…