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The ongoing coronavirus pandemic has forced businesses to get on their knees. The nationwide lockdown has started taking toll on businesses and food delivery companies are having a really tough time due to fear of catching the virus in consumer’s mind. Owing to the troubles because of the pandemic, food unicorn Swiggy is recently planning…
Payments unicorn Paytm has recently said that it is looking to go of some of its employees after a performance review based on last years finances. According to sources, the company decision could impact about 500-700 employees. The company also announced that it will offer ₹250Cr in employee stock option plans (ESOPs) this year to…
Former President of IndiGo and OYO’s current board member Aditya Ghosh recently announced that he will be joining the Global Advisory Board of CreditEnable. Announcing his appointment, Ghosh through a LinkedIn post also said that he has also made a personal investment in the company. A transformational AI-driven SME credit business, CreditEnable also announced that…
Since the lockdown was imposed for the containment of the novel coronavirus, the print and media industry is facing some heat on businesses. The printing of newspapers has now completely stopped and journalists are having a hard time moving to places for news coverage due to the travel bans imposed. The struggling business owners of…
SAP SE has announced that Christian Klein, Co-Chief Executive Officer to continue as sole Chief Executive Officer, after Jennifer Morgan announced her stepping down as co-CEO. Jennifer Morgan was appointed co-chief executive officer, together with Klein, in October 2019. “Jennifer Morgan, Co-Chief Executive Officer and member of the Executive Board mutually agreed with the Supervisory…
The coronavirus pandemic and the concern related to the extent of damage it can cause had brought in a good degree of participation form major corporations, philanthropists, and business leaders to support the fight against the pandemic. Cipla Limited has announced an Rs 25 crore fund to support the Indian Government’s efforts to effectively combat…
Design and animation startup LottieFiles recently announced that it has raised an undisclosed amount of seed funding from Adobe Fund for Design and 500 startups. LottlieFiles is the creator of the animation file format dotLottie. dotLottie on an average is 600% smaller than the traditional GIF format. With the new funds, the company plans to…
TCS iON, a strategic business unit of Tata Consultancy Services, a global IT services, consulting and business solutions organization, has partnered with the Telangana State Council of Higher Education (TSCHE), a statutory body of the Government of Telangana State, to prepare college students in the state for future job readiness. Under this partnership, a rich…
Digital healthcare company DocOnline, recently announced the appointment of Manasije Mishra as the new Managing Director of the company. Earlier, Mishra was the Managing Director of vHealth by Aetna and Max Bupa Health Insurance. Mishra brings several years of relevant experience to help DocOnline accelerate its growth. Manasije Mishra will join the DocOnline board in…
In a sudden shock to the world, BMW Group India President and CEO Rudratej Singh passed away on April 20 morning following a cardiac arrest. Announcing the news of his demise, the luxury automaker in a statement said, “BMW Group India, with profound sorrow, announces the demise of Rudratej Singh (46), President and Chief Executive…
Birlasoft Ltd, part of the CK Birla Group, announced that it has been named a Top 15 Sourcing Standout by Information Services Group (ISG), a leading global technology research and advisory firm. Birlasoft was among the leading providers in the Booming 15 category for the Americas region based on annual contract value (ACV) won over…
OpenText has announced the appointments of Lou Blatt as Senior Vice President, Chief Marketing Officer and Prentiss Donohue as Senior Vice President, Partners & Alliances. “These new appointments will strengthen the Executive Leadership Team to ensure that OpenText continues to deliver on these urgent priorities, while also identifying new market opportunities and providing greater value…
GTB, a global, industry-leading communications agency, announced that Kevin Krupski has been appointed Global Chief Financial Officer, effective April 20, 2020. In his new role, Krupski will oversee a finance team that spans 6 continents and over 50 offices worldwide. He will be based out of the Dearborn office in the State of Michigan, US.…
Payments unicorn Paytm’s gaming platform recently announced that it has raised $5.4mn in fresh capital from AGTech Media Private Limited. The recent fund infusion comes at a time when online gaming industry witnessed a spike in demand and user data base amid lockdown. According to company filing submitted to the Ministry of Corporate Affairs, the…
Digital payments major Paytm on Wednesday said it has named Vineet Arora as the managing director and chief executive officer of Paytm General Insurance Ltd. The appointment, which is subject to regulatory approvals, is a step for Paytm to further its journey into the insurance sector with an immediate focus on General Insurance, the company…