Tata Consultancy Services (TCS), a leading global IT service, consulting and business solutions organization, has been named a Microsoft Azure Expert Managed Service Partner (MSP) by Microsoft. This new designation recognizes TCS’ proven expertise in delivering the highest quality of service on Azure and builds on its status as a Microsoft Gold Competency partner. Microsoft…
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Bhilai Steel Plant blast: CEO sacked, two other senior officials suspended.
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Following the disastrous fire accident in SAIL’s Bhilai Steel Plant, Chhattisgarh, the CEO of the plant M Ravi was fired today. Along with him, T Pandya Raja, general manager (safety) and Naveen Kumar, deputy general manager (energy) were also suspended. Nine people had died and 14 others were injured in the gas pipeline blast, Tuesday.…
Cognizant fires 200 senior level employees.
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Cognizant, a multinational corporation that provides IT services, including digital, technology, consulting, and operations services has asked 200 of its senior level employees to resign their job. The reason behind firing is believed to be Cognizant’s focus on “newer digital requirements”, the Times of India reported, adding the company would bear around $35 million in…
VE Commercial Vehicles, JV of Volvo and Eicher to invest Rs 400 crore for Bhopal plant.
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VE Commercial Vehicles Ltd. (VECV) the joint venture between the Volvo Group (Volvo) and Eicher Motors Limited (EML) has announced that the JV will invest in a new plant in Bhopal for of Rs 400 crore. “The Madhya Pradesh government has allotted land for the new plant and work to set up this plant is…
Hyatt Hotels Corp. to Buy Two Roads Hospitality.
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Hyatt Hotels Corp. the American multinational hospitality company on Monday announced its interest to buy Two Roads Hospitality for a base price of $480 million. In India, Alila Diwa Goa and Alila Fort Bishangarh are the two properties that belong to Two Roads Hospitality. Through this deal, Hyatt will add 85 properties to its existing portfolio…
Microsoft-owned LinkedIn acquires employee engagement platform Glint.
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Microsoft-owned LinkedIn, the business and employment-oriented service that operates via websites and mobile apps, announced on Monday about the acquisition California-based employee surveying company, Glint. “We will not be disclosing the financial terms of the deal at this time.” the company said in a statement. Daniel Shapero, VP of Talent Solutions, LinkedIn, hinted that the acquisition…
Julius Baer Wealth Advisors (India) Continues Expansion With Appointment of New Senior Relationship Managers.
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Julius Baer Wealth Advisors (India), the Indian arm of the leading Swiss private banking group Julius Baer, has announced today the induction of 11 relationship managers (RMs) across its offices in Chennai, New Delhi, Kolkata, and Mumbai over a span of nine months. The firm recently appointed Meghna Vaidya in Mumbai and Reetika Srinivasan in Chennai as Senior RMs. Meghna, having worked…
Mercer acquires talent assessment firm Mettl.
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Mercer, a global consulting leader in advancing health, wealth and career and a wholly-owned subsidiary of Marsh & McLennan Companies, Inc, today agreed to acquire Mettl, a leader in cloud-based technology and data sciences-driven talent assessments, based in India. According to Ilya Bonic, Global President of Mercer’s Career line of business, the acquisition marks Mercer’s…
TCL Corporation plans to invest Rs 2,000 crores at Tirupati unit.
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TCL Corporation, a Chinese multinational electronics company headquartered in Huizhou, Guangdong Province, is planning to invest Rs 2,000 crore in its newly proposed manufacturing facility at Tirupati, Andhra Pradesh in the first phase, according to an ET post. TCL expects to start manufacturing from the first unit in India by October 2019. The unit will…
Regal Beloit Corporation Sets up its New Manufacturing Plant in Ahmedabad, India.
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Regal Beloit Corporation is a manufacturer of electric motors headquartered in Beloit, Wisconsin. Mr. Jonathan J. Schlemmer, Chief Operating Officer of Regal Beloit Corporation, inaugurated Regal’s new manufacturing plant at Ahmedabad, on October 4, 2018. The new facility is located in Gallops Industrial Park, Changodar, Ahmedabad. The state-of-the-art manufacturing plant will produce 3 Phase High Efficiency and…
Qualcomm plans to set up largest campus outside the US in Hyderabad
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Qualcomm Incorporated, the American multinational semiconductor and telecommunications equipment company has announced on Saturday that the company is planning to open its largest campus outside the US in Hyderabad. The Company’s officials Shashi Reddy, Vice President (Engineering) and Chandra Shekar Kumili, Director (Operations) met IT and Industries Minister KT Rama Rao on Saturday to discuss…
Ford Motor Co. plans on reducing its workforce globally.
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Ford Motor Company, the second-largest American multinational automaker headquartered in Dearborn, Michigan has announced on Friday to its 70,000 salaried employees that they will face unspecified job cuts globally as part of the automaker’s $11 billion restructuring. On July 25, Ford’s Chief Executive Officer Jim Hackett announced that the company is planning on a restructuring but,…
Srinivasan Swamy becomes the first Indian to be elected as the chairman of International Advertising Association.
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Srinivasan Swamy, Chairman of the R K Swamy Hansa Group, has been unanimously elected as the Chairman and World President of the International Advertising Association (IAA), the first Indian ever to do so. Swamy will take over the reins from legendary advertising professional Felix Tataru in Bucharest, Romania and he will stay in this post for…
MedAchievers join hands with Venture India to launch a $100 million healthcare fund for research purposes.
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Healthcare platform MedAchievers is joining hands with Venture India, a leading sub-continent business consultancy, to launch a USD 100 million fund ‘MedAchievers Connect’ to fund cutting-edge research in healthcare in India. Resources say the funding will primarily be used for research and development, which includes sports medicines. Venture India was founded by Michael Kasprowicz, a former…
Airtel Acquires and Hires AuthMe, a Bangalore based AI-Startup.
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Bharti Airtel Limited, the Indian global telecommunications services company announced on Wednesday that the firm has acquired AuthMe, a Bangalore based AI-Startup, without disclosing the transaction amount. As part of the deal, the core team of AuthMe will join Airtel and be a part of Airtel X Labs in Bengaluru…In addition, Airtel has acquired the…