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.
Wipro Ventures, the strategic investment arm of Wipro Limited, and a global information technology, consulting and business process services company, has announced the closing of its $150 million Fund ll. Buoyed by the success of its first $100 million fund launched in 2015, Wipro Ventures will continue to invest in early to mid-stage companies building…
Kalyan Chakrabarti, a former GE executive, has been appointed as CFO of Piramal Realty, a diversified global business conglomerate. He will be responsible for business finance, corporate strategy, finance operations, cost leadership and profitability as he takes on the role to lead the group’s finance agenda. As per People Matters, Naaman Atallah, CEO, Piramal Realty,…
Gamerji, an online esports gaming platform, has raised $400,000 from La Gajjar Group, an investment group based in Ahmedabad. The company was founded by Soham Thacker, Valay Patel and Varun Gajjar in 2018. The company will utilize these funds for building the technology, increasing operations, and also for gaining users. In a media statement, Varun…
Tata Consultancy Services, a global IT services, consulting and business solutions organization, has been recognized as a Leader in the Avasant RadarView’ for Healthcare Digital Services. Avasant evaluated service providers across key dimensions – practice maturity, partnership ecosystem, and investments and innovation. The report positions TCS as a leader for its innovative healthcare solutions powered…
AppSheet, a no-code development platform for application software, has been acquired by Google and will soon join the Google Cloud team. AppSheet was founded by Praveen Seshadri in 2014. In a company blog, Praveen Seshadri, the Founder and CEO of AppSheet, informed about this and stated, “Today, I’m pleased to announce that AppSheet has been…
Pinnacle Industries Limited has partnered with Phylion Battery Company Ltd for the launch of its integrated lithium-ion battery assembly facility in Maharashtra, India. The new facility was inaugurated today. The state-of-the-art assembly unit is now fully operational and will start rolling out FAME II compliant products for Indian market. Pinnacle is India’s leading Commercial Vehicle…
VIVOTEK, the global IP surveillance solution provider, and CyberLink Corp., a pioneer of AI and facial recognition technologies, today announced they have entered into a strategic partnership, which will integrate CyberLink’s FaceMe AI facial recognition engine into VIVOTEK’s IP surveillance solutions. The initial collaboration will be showcased in VIVOTEK’s booth at Intersec 2020 in Dubai,…
OLX has been recognized as a Great Place To Work in the Information Technology Sector by the Great Place To Work (GPTW) Institute through a meticulous work culture assessment process. OLX scored well, apart from other parameters, outstandingly on Diversity and Inclusion, fostering a great learning culture, creating a flexible work environment and peer quality.…
Subsidiary of Rashmi Group, a multidimensional business conglomerate operating across Asia – Rashmi Rare Earth Limited (RREL) announced collaboration with Reliance Jio to manufacture set-up boxes locally in its Noida facility. RREL is a home-grown manufacturer with state-of-the-art Japanese machines which can manufacture the latest 5G enabled electronic products. Reliance Jio has plans to reach…
BharatPe, a UPI payments system, has appointed Dhruv Bahl as its ‘Head of Operations’. He will be responsible for overall operations across merchant acquisitions, servicing, payments, lending, and commerce. Dhruv has more than 13 years of experience having worked at Fortis, Bain & Company, PayTM, Airtel Payments Bank and Roadzen. In a statement, Ashneer Grover,…
CGI, a global IT consulting firm, is seeking to hire nearly 15,000 people in India over the next four to five years. In a media statement, Serge Godin, the founder of CGI, said, “So, we double the size of CGI every three to four years or five…And the big winner from that point of view…
Zinier, a leader in intelligent field service automation, has raised $90mn in Series C funding to transform field service workforces with AI-driven automation. New investor ICONIQ Capital led the round with new participation from Tiger Global Management, and return investors Accel, Founders Fund, Nokia-backed NGP Capital, France-based Newfund Capital, and Qualcomm Ventures LLC. The company…
NextNav LLC, the leader in 3D geolocation services, has announced it raised $120mn in debt and equity financing. Funds managed by affiliates of Fortress Investment Group, LLC led the funding round, with NextNav’s existing investor base. Other participators include Columbia Capital, Telcom Ventures, funds managed by Goldman Sachs Asset Management, L.P., NEA, Oak Investment Partners,…
In an attempt to control losses and turn the business sustainable, it is observed that OYO will lay off 140 employees from its food business. These firings come after OYO last week announced the laying off of thousands of employees from its hotel business. OYO is undergoing restructuring and this has taken a toll on…
JFrog, the Liquid Software Company, has appointed former Flipkart and Microsoft leader, Kavita Viswanath as its General Manager for India to oversee their India Operations. Orit Goren, COO at JFrog said, “We are excited to onboard Ms. Kavita Viswanath as the General Manager for JFrog India. The business world is streaming fast towards cloud services…