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Dr. Reddy’s Laboratories Ltd., and Russian Direct Investment Fund (RDIF) announced that they have commenced adaptive phase 2/3 clinical trials for Sputnik V vaccine in India after receiving the necessary clearance from the Central Drugs Laboratory, Kasauli, India. This will be a multicenter and randomized controlled study, which will include safety and immunogenicity study, Dr.…
Tata Consultancy Services (TCS), a global IT services, consulting and business solutions organization, announced that it has deployed a blockchain-based digital supply chain platform that powers an ambitious new project launched by the Government of India’s Centre for Cellular and Molecular Platforms (C-CAMP) to scale up indigenous Covid-19 diagnostic test-kit production capacity to a million…
Raskik, a fusion beverages startup, has raised $1 million in pre-Series A funding round led by Venture Catalysts and 9Unicorns, according to YourStory report. Other investors Syed Safawi (ex-CEO, Reliance Communications); Snapdeal’s Founders Kunal Bahl and Rohit Bansal; Santosh Desai (MD and CEO Future Brands) ANAA International LLC; Amit Jain (CEO L’Oreal India) Promoters of…
Ola announced it has appointed GM veteran Jose Pinheiro as its Head of Global Manufacturing and Operations for its Electric Business. In this new role, Jose will spearhead Ola’s ambitions to build world class manufacturing facilities starting with the world’s largest scooter factory, and then expanding to multiple such facilities across India. These facilities will…
Neste has decided to shut down its refinery operations in Naantali, Finland by the end of March 2021. In the second phase of the transformation, the Porvoo refinery will be developed towards co-processing renewable and circular raw materials. These measures are expected to result in annual fixed cost savings of approximately EUR 50 million, the…
Nokia announced that it has been selected by African mobile operator, Airtel Kenya in a three-year deal to modernize Nairobi with high speed 4G and 5G-ready hardware from its comprehensive AirScale portfolio. Deployment, which began in June, will cover hundreds of sites and include upgrading existing 2G, 3G and 4G radio access network (RAN) coverage…
DHL Express India, a company that offers express delivery services and international shipping, has appointed Manish Patel as Vice President- Operations. Patel will be based in Singapore. Patel succeeds Ashutosh Bajpai, who takes over as Vice President, Asia Pacific (excluding China), Gateways and Customs, DHL Express. In his new role, Patel will be responsible for…
Kyt, an online-first, global academy for extracurriculars, designed by the best educators from around the world, announced it has raised $2.5 million in funding led by Sequoia Capital India’s Surge. The capital will be used to expand its online-first, global academy for extracurricular learning. It has plans to add more courses, including chess, various musical…
Let’s Dive, a Bengaluru-based platform for remote employee engagement and building team culture, announced it has raised $1.7 million in funding led by Sequoia Capital India’s Surge, according to ET report. The funding round also saw participation from Village Global and angel investors like Ravish Naresh, founder of Khatabook, and Sai Srinivas, cofounder of Mobile…
Glenmark Pharmaceuticals Ltd., a research-led, integrated global pharmaceutical company, announced that it has entered into a definitive agreement with Dr. Reddy’s Laboratories Ltd. to divest its brand Momat Rino (for Russia, Kazakhstan and Uzbekistan), Momat Rino Advance (for Russia), Momat A (for Kazakhstan and Uzbekistan), Glenspray and Glenspray Active (for Ukraine), along with rights to…
Infraprime Logistics Technologies, the Electric Truck and construction logistics startup based out of Gurugram, is planning to catalyse investment of $200 million to electrify and organize construction logistics in India. The three-year-old Company has grown to over $50m in terms of annualized gross logistics value of the contracts being executed. The investment by the Company…
CMS, India’s largest Cash Management and Payment Solutions firm, has appointed Rohit Kilam as its new CTO, according to ETCIO report. Kilam will be reporting to the CEO Rajiv Kaul. CMS Info Systems handles cash processing to cash-in-transit, from cards to ATM network management, retail management and managed services. In this new role, Kilam will be…
Kaagaz Scanner, a Indian document scanning and storage app, has raised $575,000 in a funding round led by Pravega Ventures, alongside Axilor Ventures, Better Capital and a few prominent angel investors, including Phanindra Sama (Founder of RedBus), Farooq Adam (Founder of Fynd) and others. Launched in 2020 by Snehanshu Gandhi, Gaurav Shrishrimal and Tamanjit Singh…
Awign announced it has raised funds from existing investors Michael and Susan Dell Foundation, Unitus Ventures and Eagle10 Ventures, according to PTI report. The startup will use the funding to finance its expansion to more cities and introduce new services. The company however did not say how much money was raised in the latest pre-series…
GetWork, a campus recruiting platform to post youth jobs and hire across dozens of colleges at once, has raised Rs 30 lakh investment in a pre-Seed funding round from Rudraksh Ventures. Rudraksh Ventures is an early-stage investment firm founded by angel Investor Munish Bhatia, ex-Aon Hewitt and DXC Technologies. The startup will utilise the current…