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.
Ares Management Corporation announced that its subsidiary, Ares Holdings L.P., has entered into a definitive agreement to acquire a controlling interest in SSG Capital Holdings Limited and its operating subsidiaries, a leading Asian alternative asset management firm. Headquartered in Hong Kong with offices across Asia, SSG manages private credit and special situations funds totaling approximately…
Insur-tech startup Digit Insurance recently announced that it will raise $84mn in external funding. The investment will be made by growth equity investors A91 Partners, Faering Capital and TVS Capital. Digit has sought approval from the Insurance Regulatory and Development Authority of India to raise the sum. This is the first time the Bangalore-based startup…
Mera Cashier, a mobile app that helps users to digitize the manual debit credit entries, has raised $250,000 in seed funding led by Startup Buddy’s Co-founders Amit Singal and Manish Aggarwal. Other angel investors who participated in the round include Vinod Abrol (Head Private Investments at SAR group, ex Jabong CFO), Sanjeev Dhull (CEO, Radiate…
In order to inspire, motivate and influence the growth path of MSMEs & Startups India’s flagship MSME ecosystem – SMEStreet has launched the campaign for SMEStreet Leadership Milestones Awards 2020. The announcement of these awards for 2020 came along with the facilitation of Himanshu B Patel, Founder and MD of Triton Solar with the first…
The government appoints heads of three large state-run banks in the country, to help stabilise their operations. The new appointments were made in Bank of Baroda, Canara Bank and Bank of India. The appointments were made based on the recommendations of the Banks Board Bureau in November last year, which are now being accepted and…
Merge, an event that provides platform for startups to connect with industry experts, will be taking place again this year, as per an announcement from Anthill Ventures. Merge 2020 will be the third edition that will also include leading corporates and global investors. Anthill and Amazon Web Services will be organising the event to foster…
Pharma major Lupin Limited, announced that its corporate social responsibility arm, Lupin Foundation, has won the Indian Drug Manufacturers’ Association (IDMA} Corporate Citizen Award 2019, at the IDMA 58th Annual Day Celebrations held in Mumbai. Lupin was conferred this award in the CSR category ‘Initiative towards Agriculture,’ for its beekeeping project that has directly benefited…
Mindteck Limited, a global technology company, announced that it received two awards at INFOCOM 2019 KOLKATA, a December 2019 event conducted by the Software Technology Parks of India (STPI), Kolkata. Subroto Ghoshal, Senior Manager – HR, accepted the awards for Mindteck in the following 2018-19 ‘Exporters above Rs. 5 to 25 crores’ categories: ▪ Highest…
A booster dose to the start-up ecosystem in India, G7CR Technologies, a global information technology and cloud services company has announced the launch of the SSB 360 program in partnership with Microsoft. The initiative will provide for start-ups and small businesses benefits of up to $3 million and strategic association. The program will focus on…
Alibaba Cloud, the data intelligence backbone of Alibaba Group, has today announced that it is the first public cloud vendor in the world to obtain the prestigious Trusted Partner Network (TPN) certification, an achievement that validates the entertainment industry’s confidence in its robust security and trustworthiness as a cloud service provider. With viewing consumption habits…
Zoomcar, a self-drive car rental platform, raised $30 million in a fresh funding led by Sony Innovation Fund, the venture arm of Japanese electronics giant Sony. The funding is a part of Series D funding round, in which existing investors took part in the investment. Zoomcar will utilise the funds for further expansion of its…
Chinese mobile handset manufacturer Xiaomi has recently announced the reshuffling of a few leadership roles in India. Global Vice-President and Managing Director India, Manu Kumar Jain will now take on the role of deciding the company’s entry into newer global markets and product categories. He will hand over his responsibilities of expanding the company into…
Samsung Electronics Co. has recently announced major changes in its top management. Roh Tae-moon has been named the new mobile head. This reshuffle in top management is a part of Samsung’s annual senior executive changes which was supposed to happen last year in December. The company delayed the regular year-end reshuffle due to ongoing criminal…
Samya.AI, an AI SaaS startup, announced that it has raised $6 million in seed round funding led by Sequoia India. The startup’s other initial investors include Ashish Gupta, Founder of Junglee.com and Helion VC; Deb Henretta, Partner, G100 Companies and Ex-Group President, P&G; Arijit Sengupta, Founder of Kradle Ventures and Antuit Inc; Deborah Kops, Ex-…
Zomato Media Private Ltd has announced to acquire Uber’s Food Delivery Business in India, UberEats, in an all-stock transaction. As per a stock exchange filing by Zomato, the deal gives Uber a 9.99% stake in the company. Post-acquisition, UberEats will discontinue operations in India that include direct restaurants, delivery partners and users of its apps.…