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Swedish pharmaceutical company Cinclus Pharma Holding AB (“Cinclus Pharma”), recently announced the appointment of Jenni Björnulfson as its Chief Financial Officer. According to the company, Jenni will initially start the position on a part time basis, before transitioning to full time later in 2020. Jenni has extensive professional experience from the financial markets and the…
Silicon Valley-based venture capital firm Mayfield recently announced that it has raised $750 million in capital through two venture capital funds. With the closure of the new funds, the firm currently has assets over $2.5 billion under its management. The new funds are Mayfield XVI ($475million) and Mayfield Select II ($275million). The firm said that…
Allianz Partners announces the appointment of Vinay Surana as Regional Chief Executive Officer, Asia Pacific, effective 23rd of March 2020. He will report directly to Dan Assouline, Global Head of Markets and Board Member, Allianz Partners. Based in Singapore, Vinay will lead the Asia Pacific business with responsibility for Australasia, China, Japan, India and South…
Credit rating company CARE Ratings recently announced the appointment of Ajay Mahajan as Managing Director and Chief Executive Officer of the company for five years w.e.f from April 15. Mahajan’s appointment was announced by the Board of Directors in a meeting on 15 April. His appointment is based on the recommendation of the Nomination and…
The 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. IndusInd Bank has announced its contribution towards relief efforts that are taking place in the country so that the…
San Diego-based Leo Lens Pharma recently announced the appointment of Dan Myers as the company’s new Chief Executive Officer. Prior to joining Leo Lens, Myers was the Co-Founder and Chief Executive Officer of Alimera Sciences. He continues to serve as the Chairman of the Board of Directors of Alimera. Before founding Alimera, Myers was a…
Google has announced recently that the company will be offering financial support to local newsrooms hit by the economic fallout of the COVID-19 pandemic, as part of its Google News Initiative. The company, however, did not disclose the size of the funding it would offer through the relief fund. The company made the announcement in…
Toch, a video meta-tagging platform has announced that it has raised over $400,000 from Inflection Point Ventures (IPV) in a pre-Series A funding round. The company will use the funds to fuel expansion by developing its tech infrastructure, and add more people to its team. “Toch was founded with a vision to revolutionise the digital…
Vakrangee announced that the company has launched the mobile van in MMR region which is fully equipped to provide the key Essential services to the citizens, the company said in its press release. “Mobile Van facility will operate between 10.00 am to 8.00 pm daily including Sunday and will also maintain complete safety protocols, proper…
BMW Group India has pledged Rs3 crore in the ongoing battle against COVID-19 pandemic. Associations with government and non-government organisations have been initiated for on-ground implementation in Delhi NCR and Chennai. Employees of BMW Group India, BMW Group Plant Chennai and BMW India Financial Services voluntarily contributed towards the cause. Rudratej Singh, President and Chief…
Setu, a Bengaluru-based fintech API infrastructure startup, announced it has raised $15 million Series A funding led by New York-based investment firm Falcon Edge Capital and Lightspeed Venture Partners US, the company announced recently. The company’s existing investors—Lightspeed India Partners and Bharat Inclusion Seed Fund—also participated in the new financing round, Nikhil Kumar, co-founder of Setu,…
The coronavirus pandemic has proved to be a pain in the back of businesses, especially new-age startups. The pandemic followed by a nationwide lockdown has severely affected the businesses and operations of many organizations that are now finding it hard to tide over the unprecedented crisis. Companies have now resorted to tough cost-cutting measures in…
The coronavirus pandemic has impacted several jobs globally with nearly 10mn people have filed for unemployment benefits in America alone. The pandemic has forced businesses to close operations and employees have been sent on furloughs for indefinite periods. The International Labour Organization has predicted that globally around 2.5mn jobs would be lost due to the…
In an attempt to promote employee welfare, French IT services giant Capgemini has recently announced that it has given a single-digit salary hike to 70 percent of its employees in India, effective April 1, 2020. The move will benefit the company’s 84,000 employees of its 1.2 lakh Indian workforce. The company has also said that…
Philips has appointed Vishpala Reddy as its new human resources head for the Indian subcontinent, replacing Armaan Seth. Vishpala to join as HR Head in May. Vishpala has about 20 years of experience in the field of HR, of which she worked with American Express for nearly 12 years. She has also worked with HR consulting…