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Private lender HDFC Bank recently announced that its board had finalized three candidates to replace the outgoing Managing Director Aditya Puri. Aditya is set to retire in the month of October this year. According to a stock exchange filing, the company said, “We wish to inform that pursuant to the recommendations of the search committee…
Venture Capital firm Quest Ventures recently announced the first closure of its new $50mn fund. The new fund, Asia Fund II, is anchored with the help of two investors, Pavilion Capital and QazTech Ventures, the sovereign wealth fund of Kazakhstan. In addition to Pavilion and QazTech, Fund II is also backed by entrepreneurs, C-suite executives,…
Tata Consultancy Services, a leading global IT services, consulting, and business solutions organization, and Amway, a global leader in direct selling, have entered into a strategic partnership to transform the latter’s global technology operations. Amway was looking to transform its IT infrastructure and operations and its global service desk in order to improve agility, accelerate…
Nature’s Tattva, a Delhi-based beauty startup has announced that it has raised $150,000 from Bollywood singer Sukhbir Singh and Rakhee Singal, who is a Co-founder of Startup Buddy. Other investors that took part in the funding round include Dhianu Das of Alfa Ventures and angel investors such as Bharat Sheth and Ajay Mahendru. The company…
Pariksha, a Pune-based edtech startup, announced that it has raised an undisclosed amount of funds in an extension of its Pre-Series A funding from a clutch of angel investors. Earlier, in 2019, the company had raised Rs four crore in a Pre-Series A round led by VCats. The Pre-Series A round was led by INSEAD…
CSS Corp, a new-age IT services and technology support company, announced that it has divested Glow Networks to Altruist Technologies Private Limited, a multinational provider of telecom and business process optimization solutions. The sale was concluded in March 2020. Glow Networks is a network design and deployment services company which was acquired by CSS Corp…
VVDN Technologies, a leading premier product engineering, cloud and manufacturing company, announced the opening of its 10 acre Global Innovation Park at Manesar, Gurugram. The new innovation park will help in strengthening the company’s engineering service offerings and increasing its manufacturing capacity. VVDN’s new Global Innovation Park at Manesar is spread over 10 acres. This…
Layoffs have now become a common practice to conserve cash amid the coronavirus pandemic. Even though the governments have repeatedly asked organizations to not resort to job cuts, companies are rapidly laying off staff. Recently, another IT-BPO company Amdocs laid off about 150 employees amid the coronavirus crisis, leaving employees stranded and helpless in such…
In Mind Cloud, an independent software vendor for manufacturing sales platforms has named Peter Schmidt to the newly created role of Chief Revenue Officer (CRO). In his new role, Schmidt will be globally responsible to align In Mind Cloud’s Sales, Marketing and Customer Success to create an unparalleled customer experience, the company said in a…
ACL Airshop, a worldwide provider of ULD, cargo control and air freight products and services for the aviation industry, announced that it has appointed Mark Edwards as Managing Director of its Asia Pacific region. He will report directly to Jos Jacobsen, COO International regions and Managing Director – Global Leasing. “We are announcing Mr. Mark…
Itilite Technologies, a Bengaluru-based digital travel management startup that offers SaaS-based integrated travel desk solution for corporates, announced that it has raised $13 million Series B funding led by Greenoaks Capital and Vy Capital. Existing investors Matrix Partners India and others participated in the funding round. The company will utilise the current funding to fuel…
As the government planned to allow certain relaxations in its lockdown advisory after April 20, E-commerce companies were aiming for a renewal of services. But in a surprising move, the government has made a U-turn and revised its order. The government had recently released its lockdown guidelines, which allowed e-commerce companies to operate fully and…
The airline industry has long been in a soup due to the novel coronavirus outbreak. But things got even worse for the sector post the governments imposing nationwide lockdowns and travel-bans. It is being predicted that if the lockdown gets extended any further, several budget carriers will have to file for bankruptcy. In an attempt…
The airline industry has long been in soup due to the novel coronavirus outbreak. But things got even worse for the sector post the governments imposing nationwide lockdowns and travel-bans. It is being predicted that if the lockdown gets extended any further, several budget carriers will have to file for bankruptcy. In an attempt to…
PhosAgro, the world’s leading producers of phosphate-based fertilisers, has announced the appointment of Siroj Loikov as its first Deputy CEO. In his new position, Loikov will coordinate the work of the Company’s headquarters in Moscow, its management company in Cherepovets and the Company’s production sites. He will also oversee the implementation of the PhosAgro’s priority…