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GE Power India Ltd. today announced that it has been awarded four orders by NTPC Limited to supply and install Wet FGD systems for a combined value of INR 1783 crore (USD 247 million). The four power plant projects are:• Solapur Super Thermal Power Project – 2×660 MW,• Tanda Super Thermal Power Project Stage-II –…
Sentieo, an investment research software company that uses AI to scan financial documents, analyze alternative data sets and create visualizations has raised $19 million (about Rs 140 crore) in its Series A round of equity financing that was led by growth equity firm Centana Growth Partners. The firm’s existing investors had also participated in the round.…
India’s first ever performance wear fashion brand Turms which sells stain repellent, odor-resistant daily wear has raised Rs 6.3 crore from angel investors. The round was led by Freshworks founder Girish Mathrubootham, former Reliance Retail Lifestyle president Bijou Kurien, Pepperfry founder Ambareesh Murty, OneAssist founder Subrat Pani, and former Flipkart executive Mekin Maheshwari. Turms will use these…
Earlier this year Microsoft Corporation, the American multinational technology company with headquarters in Redmond, Washington announced that it’s acquiring GitHub for $7.5 billion. On Friday Microsoft confirmed the deal is completed. GitHub is a leading software development platform which brings more than 31 million developers to create, collaborate, share and build on each other’s work. Nat…
State Bank of India, the Indian multinational, public sector banking and financial services company announced a joint venture with payments solution provider Hitachi Payment Services India for the establishment of the latest card acceptance and future-ready digital payment platform for India. SBI will hold the majority of stake in this JV, the bank said in a release. The…
International Business Machines Corporation, the American multinational IT company headquartered in Armonk, New York, with operations in over 170 countries announced on Sunday that it had agreed to acquire U.S. software company Red Hat Inc. in a deal valued at $34 billion. As a part of the Acquisition, IBM will be acquiring all of the issued and…
JSW Group, one of India’s largest business conglomerates led by Sajjan Jindal has hired Rakesh Srivastava, the former director for sales and marketing at Hyundai Motor India, as the firm is trying to enter into the electric vehicles industry. Though there is no official confirmation from both sides, a senior executive at JSW Energy confirmed the move…
Mr. Indranil Mittra has joined as Director (Finance) of NRL. Prior to his joining, he was holding the position of Chief General Manager (Finance) of NRL. Mr. Mittra – a qualified CA & ICWA and a PG Diploma Holder from S P Jain Institute of Management & Research, Mumbai is a hardcore finance man with…
Jet Airways, the major Indian international airline based in Mumbai has reportedly fired 20 employees including some senior-level executives to curtail costs. Its reported that the loss-making airline had recently asked 15 of its managerial level employees from various departments including engineering, security, and sales, to leave the company. Earlier, Naresh Goyal-promoted Jet Airways has delayed payment of…
Wipro Limited, the India-based information technology, consulting and business process services company headquartered in Bengaluru, India has increased fresher salaries to Rs 3.5 lakh per annum, from about 3.2 lakh per annum. “We are also introducing a coding test to improve the quality of hires. We are looking to roll out a broad-based national talent test…
Paytm Payments Bank, India’s only mobile-first bank with zero balance and zero digital transaction charge accounts has appointed Satish Kumar Gupta as managing director and chief executive officer of the digital bank, the company said in a statement on Wednesday. His appointment comes a few months after Renu Satti, former CEO of Paytm Payments Bank stepped down from…
Tech workers looking to jumpstart their careers have more opportunities as America’s “Top 20 Tech Towns” can be found across 14 states and the District of Columbia, according to a New CompTIAStudy. CompTIA’s Tech Town Index is designed to help in-demand IT pros make educated decisions about where to live and work based on opportunity…
ZipRecruiter a leading online employment marketplace announced Job Seeker Profiles, a new guided feature available on the company’s #1 rated mobile app that prompts job seekers to enter data about their experience and career objectives. ZipRecruiter’s AI-driven matching technology will analyze data from Profiles and resumes to quickly and accurately connect employers and job seekers.…
Mile Out Inc. has launched Veristo, a human capital management software platform for small businesses to source, engage and manage the activities of an extended workforce of freelancers and contractors. The product leverages a successful collaboration with the United States Department of Defense MD5 National Security Technology Accelerator, a program office within the office of…
InVista announced a new talent assessment platform designed to improve and streamline human resources recruiting and management. The platform uses science and technology to bring the latest and best practices of Industrial-Organizational Psychology to the hiring market. “Recruiting is too important to leave to chance,” said Craig Dawson, Ph.D., Director of HR assessments for InVista. “Hiring…