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L&T Technology Services Limited, India’s leading pure-play engineering services company, has been recognized as a ‘Leader’ and ranked among top service providers for Automotive Engineering Services by the consulting and research firm, Everest Group. LTTS has also been recognized as ‘Star Performer’ for its noteworthy progress across its automotive engineering capabilities and the resultant market…
In an attempt to promote equality, diversity and inclusion at workplace, Tata Steel has introduced its new HR policy allowing LGBTQ+ employees and their partners to avail the HR benefits, that had earlier been available only to employees with partners from the opposite gender. Some additional benefits are also incorporated for the LGBTQ+ employees. The…
Dhanlaxmi Bank on Tuesday announced that it has appointed V. Viswanathan as the Additional Director on the Board of the Bank. His appointment was decided in the Board meeting held on December 9,2019. As per the official press release, Viswanathan’s appointment is secured until the next Annual General Meeting. Viswanathan has an experience of more…
Aditya Birla Fashion and Retail Ltd., in an official statement on Tuesday, announced the appointment of Himanshu Kapania as the company’s Vice Chairman and additional (non-executive) Director with the board’s approval. His appointment will come in effect after January 1, 2020 and he is “liable to retire by rotation.” The development is subject to the…
L&T Technology Services has announced that it appointed Apurva Purohit as an Independent Director for a five-term period w.e.f December 11, 2019 till December 10, 2024, subject to shareholders approval. The appointment is based on the “recommendations of Nomination & Remuneration Committee, the Board of Directors through circular resolution dated December 10, 2019 “. Purohit…
STL, a global data networks innovator, has signed a Memorandum of Understanding (MoU) with Indian Institute of Technology Madras, for sponsoring a Chair Professorship in 5G . Under this MoU, STL and IIT Madras will partner for research and advancements in 5G communications technology. The Chair Occupant will be a full-time institute faculty and will…
Chanda Kochhar, the former Managing Director of ICICI Bank on Monday submitted the amended petition challenging her termination from the bank in the Bombay High Court. The amended petition has now added RBI as a party to the case. The amended petition claimed that the RBI gave the approval without “due and proper application of…
Quick Heal Technologies Limited has been recognized as the ‘Cyber Security Product Pioneer in India’ by NASSCOM’s Data Security Council of India (DSCI) at the DSCI Excellence Awards 2019. Quick Heal is a leading provider of IT security and data protection solutions with presence in B2B, B2G and B2C segments. Set up by NASSCOM, Data…
PiBeam, an electric vehicles start-up , has raised Rs 5 Crore from GAIL (India) Ltd. The company was founded by Visakh Sasikumar in 2013. The startup, was initially incubated at IIT Madras. It is understood that these funds will help the company in business growth, technology upgradation and team expansion. In a media statement, Founder…
With this program, suppliers who have the desire and potential to grow will get the tools they need through Walmart Vriddhi. Over the next five years, MSMEs will receive in-person training, a feature unique to this program, as well as expert advice, access to Walmart’s deep global experience and a network of peers and mentors in their local communities.
Oracle announced that Dr. Vishal Sikka, founder and CEO of the AI company Vianai Systems, has been named to Oracle’s Board of Directors. Before starting Vianai, Vishal was a top executive at SAP and the CEO of Infosys. “The digital transformation of an enterprise is enabled by the rapid adoption of modern cloud applications and…
Saankhya Labs has announced that it has appointed Kiran Deshpande and Amar Maletira to its Advisory Board. Saankhya Labs formed the board of advisors to provide insights, advice, and non-binding recommendations to its Board and Executive leadership team. Parag Naik, CEO of Saankhya Labs said, “As Saankhya continues on its path of innovation and growth…
Swedish Company, SPOWDI (Solar Powered Water distribution) together with EMMVEE inaugurated ‘Spowdi Smart Farming’, an innovative and sustainable solution to bring forth the futuristic and best in class smart farm that supports small farmers community and saves water. During the event, Jain Irrigation and SPOWDI smart farming signed an MoU for an innovative and sustainable…
FableStreet raised Rs 21 crore in Series A led by Fireside Ventures. The company was founded by Ayushi Gudwani in 2015. Other investors include Pradeep Parameswaran, President for Uber India and South Asia; Dilip Khandelwal, MD and Head of Technology of Deutsche Bank, and Suhail Sameer, CEO at RP-Sanjiv Goenka Group (FMCG). All the investors…
Taro Pharmaceutical Industries Ltd. has announced that it has accepted the resignation of its Chief Financial Officer, Mariano Balaguer, w.e.f January 3, 2020. Balaguer is leaving to accept the position of CFO at another company. The company has initiated a search for a successor as CFO. Uday Baldota, Taro’s CEO, stated, “On behalf of the…