AGS Health, a global leader in revenue cycle management services for leading healthcare providers across the U.S. has been recognized among ‘India’s Best Workplaces in IT & IT-BPM 2019’ and has been ranked among the top 75 based on a rigorous assessment conducted by the Great Place to Work Institute in India. AGS Health has…
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Future Consumer appoints Rajnikant Sabnavis as the Chief Executive Officer
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Future Consumer, a part of the Future Group, has appointed Rajnikant Sabnavis as the Chief Executive Officer, effective January 1, 2020. Earlier he was associated with Hindustan Unilever Limited for almost 23 years holding a major leadership position. Hindustan Unilever Ltd for 23 years.
Deutsche Bank appoints Dilip Khandelwal as head of Technology Centres
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Earlier this week, Deutsche Bank announced two senior appointments within its newly formed Technology, Data and Innovation division. Dilip Khandelwal will join as Managing Director and Head of Technology Centres, based in Pune. He will oversee the development of the bank‘s Technology Centres globally. The role’s mandate is to create one consistent strategy while continuing…
Sundar Pichai to be Alphabet CEO, Larry Page steps down
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Larry Page is exiting the role of CEO for Alphabet, and Sundar Pichai will be taking over the role. For Sundar Pichai, this role will be in addition to his present role as CEO for Google. Google, Co-Founder Sergey Brin will also step down from the role of President of Alphabet. The role of President…
Wipro announces advanced cloud SOC service powered by Microsoft Azure Sentinel
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Wipro Limited, a leading global information technology, consulting and business process services company, today announced the launch of advanced cloud Security Operations Centre (SOC) services using Microsoft Azure Sentinel. As part of this integration, Wipro will offer managed cloud SOC services with built-in Artificial Intelligence (Al) and Orchestration capabilities for rapid threat detection and response…
FinAccel has raised $90 mn in series C
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FinAccel, a financial technology company that enables Indonesian consumers to buy online and pay later under the brand Kredivo, has raised US$90 million in a Series C equity funding round to expand in Indonesia and the region. The round was jointly led by Asia Growth Fund (a joint venture between Mirae Asset and Naver) and…
ISG recognizes WNS as a ‘Market Leader’ in insurance
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WNS (Holdings) Limited, a leading provider of global Business Process Management (BPM) services, today announced that the company has been recognized as a ‘Market Leader’ in insurance across several categories by Information Services Group (ISG) in their Provider Lens Digital Insurance BPO Services U.S. Quadrant and Archetype reports, published in October 2019. In the Buyer…
Karvy Fintech renames itself; appoints new non-executive chairman
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In a move to disassociate itself from the controversies surrounding its former parent company Karvy Group, Karvy Fintech has renamed itself as KFin Technologies. The private equity firm General Atlantic has been the controlling shareholder of KFin Technologies for over a year. GA acquired Karvy Group’s stake in KFin Technologies last year for Rs. 1,000…
Infra.Market raises $20 mn in its series A funding
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Infra.Market, a B2B marketplace for real estate and construction materials, has raised $20 million in its series A funding round led by US-based investment firm Tiger Global, Nexus Venture Partners and Accel Partners. The company was founded by Aaditya Sharda and Souvik Sengupta in 2016. Earlier, the company had raised $3.5 million in a seed…
Siddharth Mittal to be the new CEO and joint MD of Biocon Limited
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Biocon Ltd, an innovation-led global biopharmaceuticals company, announced that Siddharth Mittal has taken over as Chief Executive Officer & Joint Managing Director of the Company starting December 1, 2019. Mr. Mittal has been serving as Biocon’s Chief Financial Officer since August 2014. Welcoming Mr. Mittal, CMD, Biocon, Kiran Mazumdar-Shaw said, “I am very pleased to…
Ather Energy to setup new EV manufacturing facility in Hosur
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Bangalore-based electric vehicle maker Ather Energy has announced the signing of MoU with the Tamil Nadu government for a 400,000 sq.ft. manufacturing facility. The MoU was signed at the Investment and Skill Development Conclave in Chennai. The new facility will be located in Hosur, Tamil Nadu. The electric vehicle maker has stated this move as…
Accel set to boost its investment in India with 6th fund
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United State’s based Accel Partners, a venture capital firm, has raised about $550mn for its 6th fund specifically for investments in India’s booming start-up ecosystem. This fund is a notch higher than its 5th fund which set a figure of about $450mn in 2016. Accel has so far raised $1 billion capital across five rounds…
Chanda Kochhar’s legal battle with ICICI to salvage her earnings
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In a recent development in the case of Chanda Kochhar versus ICICI Bank, the former CEO has sought permission from the Bombay High Court to amend her petition in view of the reply given by the bank to the court. Kochhar had earlier (30th November) moved the court challenging her termination and subsequent clawback of…
Lupin awarded for Operational Excellence in Manufacturing at India Pharma Awards 2019
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Pharma major Lupin Limited won the prestigious award for ‘Operational Excellence in Manufacturing’ at the India Pharma Awards 2019. The jury panel which comprised senior leaders and veterans from the industry, chose Lupin as the recipient of this award for the company’s innovative and consistent efforts in streamlining manufacturing operations and enabling quality excellence. On…
Aditya Birla Group to Host AI Conclave FULCRUM on 2-3 Dec 2019
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Artificial Intelligence is the future for almost all industries, and who better to personify its diversity than India’s leading behemoth Aditya Birla Group (ABG). In a move that is set to bring together and share expertise from across the country, ABG’s Group Data and Analytics (GDNA) Cell, in association with the Analytics India Magazine, is…