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.
Hospitality firm OYO on Thursday announced its launch in Indonesia after entering into the markets of UK and Dubai this year. Starting operations with over 30 exclusive hotels and more than 1,000 rooms in three cities — Jakarta, Surabaya, and Palembang — the company is ready to offer benefits of its hospitality experience to asset…
ABB, the Swedish-Swiss multinational corporation headquartered in Zurich, Switzerland, operating mainly in robotics, power, heavy electrical equipment and automation technology areas announced today that the firm had won an order worth Rs 115 crore from Indian Railways to supply traction transformers. The order has been awarded by Diesel Locomotive Works, Varanasi, ABB said in a…
Mahindra and Mahindra Ltd and Ford India Pvt. Ltd. have signed two definitive agreements on powertrain and connected car solutions on Wednesday, thereby strengthening their strategic alliance that started in September last year. The companies have also signed five Memoranda of Understanding (MoU) earlier this year in March 2018. Under the definitive agreement on powertrain sharing, Mahindra…
Ola-owned food ordering and food delivery firm Foodpanda has acquired Mumbai-based cloud kitchen venture Holachef for an undisclosed amount. As a part of the acquisition, Foodpanda will take over Holachef’s employees and kitchens. Saurabh Saxena and Anil Gelra the founders of Holachef will be joining the leadership team of Foodpanda. With this deal, Foodpanda will be stepping…
Additional Solicitor General Tushar Mehta was appointed as the Solicitor General of India by the central government on Wednesday. The place was vacant since the resignation of senior advocate Ranjit Kumar. He announced his resignation on October 20 last year and the government accepted it by December. The Appointment Committee of the Cabinet (ACC) has…
Farmers Fresh Zone, an agricultural startup based on Kochi announced that it has received an undisclosed amount in the seed round of funding from Indian Angel Network, IAN fund, Malabar Angels and angel network NativeLead. Farmers Fresh Zone is an innovative startup by Pradeep PS, a computer science engineer from Calicut University. FarmersFZ helps farmers to sell vegetables, fruit,…
Tractors and Farm Equipment Limited (TAFE), India’s second largest tractor maker by volumes will try to invest Rs 250 crores in the current financial year to increase its installed capacity by 50,000 tractor units at two of its manufacturing locations in India. TAFE is planning these expansions in its facilities at Bhopal and Doddaballapur. The company…
The Completion Commission announced on Monday that it has approved the acquisition of Star Health and Allied Insurance Company by Safecrop Holdings. Safecrop Holdings, an association formed by WestBridge AIF, investor Rakesh Jhunjhunwala and Madison Capital, signed definitive agreements with the shareholders of Star Health to acquire the shares of the private health insurer in August.…
Online food delivery platform Zomato has raised another $210 million in funding from Ant Financial, the financial arm of Alibaba Group. Info Edge disclosed in a stock exchange filing on Friday that it’s ownership in Zomato will fall from 30.91% to 27.68% as a result of the infusion from Alipay Singapore Holding Pte. Ltd or other…
ICICI Bank Limited, the Indian multinational banking, and financial services company headquartered in Mumbai, today announced that the firm received the approval of RBI for the appointment of Sandeep Bakshi as Managing Director and CEO of the bank for three years. This appointment came when ICICI accepted the early retirement plea of Chanda Kochhar, ICICI Bank’s former MD…
Cloudera, Inc., the modern platform for machine learning and analytics optimized for the cloud, has appointed Vinod Ganesan as Country Manager for India. Vinod will drive Cloudera’s growth in the region, expand its customer base and help organizations enhance the measurable benefits of big data through machine learning and analytics. Vinod has over 20 years…
Wipro Limited, today announced the launch of its Innovation and Talent Hub in Reading, reinforcing the company’s commitment to develop talent and strengthen STEM skills in the United Kingdom. The multifunctional hub will be a center of excellence for ‘Ascent’, Wipro’s talent development programme launched in 2017, to train UK-based computer science graduates and degree…
Innov8 Coworking, the Y-Combinator backed workspaces and community startup, on Thursday announced that the firm had raised USD 4 million funds to expand its business and double its seating capacity to 8,000 by March next year. Innov8 was started in 2015 by Ritesh Mallik. It currently has 13 coworking spaces in the National Capital Region…
Harley-Davidson, Inc., or Harley, the American motorcycle manufacturer, on Friday, announced the appointment of Sajeev Rajasekharan as Managing Director of company’s India operations. He will be based out of Harley-India’s Gurgaon-based headquarters. Prior to this, Sajeev was the executive vice-president of Suzuki Motorcycle India. He has also worked across many consumer durable companies including Panasonic, Electrolux, Samsung…
Amway, the American company specializing in the use of multi-level marketing to sell health, beauty, and home care products has announced Milind Pant as its Chief Executive Officer. Milind comes to Amway from Yum! Brands where he was recently appointed as President of Pizza Hut International, leading the international division through growth across Asia, India, and…