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2019 was a very dramatic year for the business ecosystem. A global economic slowdown, reduction in profits and bankruptcy filing by many companies. But there was something else also going on behind the closed doors of corporate headquarters. Last year witnessed resignations of many top executives from big companies and start-ups. While this could be…
SEBI (The Securities and Exchange Board of India), a regulator for the Securities market, has appointed G. Babita Rayudu as Executive Director. Prior to her promotion as Executive Director, Rayudu was in the Legal Affairs Department in SEBI. According to the press release, the company said, “G. Babita Rayudu took charge as Executive Director in…
Fashor, an online shopping site for women, has raised $1 million in a Pre-Series A round led by Sprout Venture Partners. IP Ventures, and Venture Catalysts, with participation from a few HNIs. The startup was founded by Vikram and Priyanka Kankaria in 2017. The startup will utilize these funds to expand its online and offline…
The former head of Nissan Motor Co. and Renault SA Carlos Ghosn who was about to face the first of two trials in Tokyo on charges of financial misconduct and raiding corporate resources for personal gain reportedly fled to Lebanon. Ghosn somehow evaded round-the-clock manned and video surveillance and heavy restrictions on his freedom of…
Walmart India, the Indian business arm of the American multinational retail corporation, has appointed Sameer Aggarwal as its Deputy CEO. In a media statement, a company spokesperson said, “Sameer Aggarwal has been appointed Deputy Chief Executive Officer, Walmart India effective 1st January 2020. He will continue reporting to Krish Iyer, President and CEO Walmart India,…
Lakshmi Vilas Bank, a personal banking service provider, has announced the resignation of its Chief Financial Officer (CFO) S Sundar. Earlier in August 2019, their Chief Executive Officer Parthasarathi Mukherjee had resigned from the position citing personal reasons. In a BSE filing, the company said, “In terms of SEBI (Listing Obligation and Disclosure Requirements) Regulations,…
Axis Bank Ltd. has appointed Amit Talgeri as its chief risk officer for three years starting Jan. 1, 2020. He replaces Cyril Anand, who will retire from the services of the bank, with effect from close of business hours of Dec. 31, 2019, the private sector lender said in a statement to media. Additionally, Naveen…
Reliance, an Indian multinational conglomerate company, is setup to enter in online grocery shopping store JioMart. A Reliance Retail official confirmed the launch, adding that the company would gradually scale up its presence. The JioMart app can be soon downloaded on apple and android platforms. Currently, web services of JioMart are available in the outskirts…
Zen Technologies Ltd, engaged in the design, development and manufacture of training simulators, has announced the resignation of its Chief Financial Officer Ravi Kiran M with immediate effect. In a BSE filing, the company said, “we wish to inform you that, Mr. Ravi Kiran M, Chief Financial Officer, have resigned from the company due to…
Quicko Infosoft Pvt. Ltd, a tax planning, preparation and filing platform, has raised Rs 2 crore in seed funding from Rainmatter Capital. The company was founded by Vishvajit Sonagara in 2015. The company will utilize these funds to build out its income-tax return filings service for the online trading space. They will also integrate with…
HCL Concerts, an initiative dedicated to promoting Indian classical performing arts, today unveiled HCL Digital Concerts. A first-of-a-kind initiative, HCL Digital Concerts is aimed at identifying, nurturing and supporting the next generation of talent in the Indian classical performing arts space. It will provide a platform to young and aspiring artists to showcase their talent…
Flipkart, India’s leading e-commerce marketplace, has partnered with the Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM) under the Ministry of Housing and Urban Affairs, Government of India, to empower skilled yet underserved sections of society by inducting them into e-commerce. Under the MoU exchanged between Flipkart and the ministry, Flipkart will collaborate with…
WealthBucket, an online investment platform, has raised ₹18 crore in a pre-Series A funding round from North Star Enterprises (SL) Ltd, a Sierra Leone-based firm. It also raised the capital from Vinod Khatumal, an angel investor, and other high-net-worth individual investors as well. The company was founded by Himanshu Jain and Pulkit Jain in 2018.…
The government of India has appointed Bipin Rawat, Army Chief General, as new Chief of Defence Staff. With him being the CDS, smooth coordination among the army, air force and navy is expected to happen, as tri-services agencies on cyber and space came up during his tenure as the Army Chief. Importantly, some of the…
CG Power and Industrial Solutions has approved the appointment of Pradeep Mathur as an additional and non-executive independent director of the company. In a BSE filing, the company said, “The Board of Directors of the Company has at its meeting held on December 30, 2019 approved the appointment of Mr. Pradeep Mathur as an Additional…