HrNxt Newsdesk

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.

Cynosure appoints Sujat Sukthankar as Executive VP of Research & Product Development

Cynosure, the global leader in medical aesthetics and develops, manufactures and markets aesthetic treatment systems has announced the appointment of Sujat Sukthankar, former VP of Platform Engineering at Becton Dickinson and Vice President of R&D at Boston Scientific, as the Company’s Executive Vice President of Research & Product Development, effective immediately. In this new role,…

Sandvik announces acquisition of US-based software company CGTech

Sandvik, a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and sustainability, announced that it has signed an agreement to acquire US based CGTech, a global market leader in software for numerical control simulation, verification and optimization. The company will be reported in Sandvik Coromant, a division within Sandvik…

Wibmo names Suresh Rajagopalan as its new CEO

Wibmo, a global leader in digital payments and payments security solutions, announced the appointment of Suresh Rajagopalan as its new Chief Executive Officer. He succeeds Govind Setlur, who will now function in an advisory capacity chairing Wibmo’s Advisory Council, as the organization accelerates its international expansion. Suresh will report to Anirban Mukherjee, CEO, PayU India.…

TCS launches new workforce analytics solution to help companies retain the right digital talent

Tata Consultancy Services, a global IT services, consulting and business solutions organization, announced the launch of TCS Workforce Analytics, an AI-based unified system of engagement, insights and foresight for employees, managers and CXOs, designed to enhance productivity and workforce experience.  The new solution is designed to help enterprise deal with the talent management challenges of…

OTT platform ALTBalaji acquires 17.5% stake in Tring

ALTBalaji, a homegrown OTT platform wholly-owned by Balaji Telefilms Limited, announced that it has acquired 17.5% stake in Tring, an online celebrity digital engagement platform.  “Tring is the market leader in the celebrity video shoutout space, and this investment values Tring at about INR 100 crores in a short period since its launch in February…

Edelweiss Asset Management raises $900 mn in ESOF III

Edelweiss Alternative Asset Advisors, a part of Edelweiss Asset Management (EAM), one of India’s leading asset management platforms, announced the final close of its $900 mn alternative investment fund – ESOF III.  “This fund raise, amidst subdued economic climate, is a strong endorsement of the opportunities in the Indian alternative asset management space, as well…

ABB collaborates with IBM to bolster cybersecurity for industrial operations

ABB and IBM announced a collaboration focused on connecting cybersecurity and operational technology (OT). As a first result of this collaboration, ABB has developed a new OT Security Event Monitoring Service1 that combines ABB’s process control system domain expertise with IBM’s security event monitoring portfolio to help improve security for industrial operators. To better connect…

boAt announces key appointments, names Sushant Dalmia as CFO

boAt announced some key changes to its executive team. The mobile & audio accessories brand appointed Sushant Dalmia as Chief Financial Officer. The company has also appointed Damandeep Singh Soni as Vice President – Growth, Divyanshu K as Vice President – Strategy and Pankaj Raut as Vice President – Supply Chain. The team will work…

Ashwani Kumar appointed Group CEO of Pune-based Suzlon

Suzlon Group, India’s largest renewable energy solutions provider, announced that it has appointed Ashwani Kumar as its Group CEO. Ashwani Kumar, with over three decades of experience in the areas of projects, business development and finance at leading Indian Power and Infrastructure companies is a Mechanical Engineer, and an alumnus of IIM Bangalore and The…

Polygon.io raises $6 mn in Series A funding round led by e.ventures

Polygon.io, a market data platform that allows developers to interface with the world’s most accurate real-time and historical financial data, announced that they have raised a $6 million Series A financing led by e.ventures.  Existing investor Green Visor Capital also participated in the funding round. Thomas Gieselmann, co-founder of e.ventures and early investor in companies…

Starburst announces expansion into India

Starburst, the world’s first and only global aerospace and defense accelerator, announced its expansion into India to engage directly with vibrant local aerospace and defense startups and facilitate communication between aerospace and defense corporates and innovative startups within domestic and global landscapes. As part of the expansion,  Starburst is deploying a local consulting team and…

Lilly to acquire Disarm Therapeutics

Lilly, a global healthcare leader that unites caring with discovery to create medicines that make life better for people around the world has announced a definitive agreement to acquire Disarm Therapeutics, a privately-held biotechnology company creating a new class of disease-modifying therapeutics for patients with axonal degeneration.  Disarm has discovered novel, potent SARM1 inhibitors and…