HrNxt Newsdesk

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.

2 in 5 Indian professionals are in distress: LinkedIn

Towards World Mental Health Day 2020, LinkedIn, the world’s largest online professional network, has released key survey data from April to September 2020 to highlight how pandemic stress and remote work burnout have adversely impacted the mental health of professionals in India. Findings show that 2 in 5 (39%) professionals are experiencing increased stress or…

Stanton Chase India expands operations in Singapore

Stanton Chase India, one of the top executive search firms in the country, has been awarded the licence for Singapore by their global board. With an aim to establish a strong foothold in the Asia Pacific markets, the Indian entity of Stanton Chase will now own & run operations in Singapore as well. Impressed by…

Govt of India approves Samsung, iPhone makers for Rs10.5 lakh cr smartphone incentive plan

The Government of India has approved applications of Samsung and 3 Apple iphone makers — Foxconn Technology Group, Wistron Corp., Pegatron Corp., to manufacture mobile phones in the country over the next five years. They are among the 16 companies that won approval under the Production-Linked Incentive scheme (PLI).  According to the Indian Ministry of…

Popular Pays appoints Rishad Tobaccowala to the Advisory Board

Popular Pays, a leading influencer marketing & content creation platform, announced the appointment of Rishad Tobaccowala to the advisory board. Throughout his 40 year tenure in advertising, Rishad has been a leader in next-generation trends and technology. Most notably, he founded Starcom IP and Giant Step, led innovation at VivaKi, helped launch SMG Search, Denuo,…

Infosys to acquire Blue Acorn iCi

Infosys, a global leader in next generation digital services and consulting, announced a definitive agreement to acquire Blue Acorn iCi, Adobe Platinum partner in the US, and a leader in digital customer experience, commerce and analytics.  The move further strengthens Infosys’ end-to-end customer experience offerings and demonstrates its continued commitment to help clients navigate their…

Illusive Networks raises $24 mn in Series B1 funding round, announces key appointments

Illusive Networks, a New York-based leader in active cyber defense and deception solutions, announced it has raised $24 million in Series B1 round of funding.  New investors alongside existing investors – Spring Lake Equity Partners, Marker, New Enterprise Associates, Bessemer Venture Partners, Innovation Endeavors, Cisco, Microsoft, Citi and others participated in the fresh funding round. …

Titan ends joint venture partnership with Montblanc in India

Montblanc and Titan Company Limited, a consumer retail company within the Tata Group, announced the ending of their joint venture partnership in India. The decision enables Montblanc to become a wholly owned subsidiary in the country. During the five-year partnership which began in 2015, Montblanc opened 12 boutiques in major cities across the country and…

Hitachi ABB Power Grids bags Rs100 cr project from HPCL Rajasthan Refinery, create 1,000 direct jobs

Hitachi ABB Power Grids in India listed on the Indian stock exchanges as “ABB Power Products and Systems India Ltd.,” announced that it has won a project worth more than Rs 100 crore from HPCL Rajasthan Refinery Limited (HRRL), a joint venture between state-run Hindustan Petroleum Corporation Limited and the Government of Rajasthan. The infrastructure development…

Uday Shankar steps down as President of Walt Disney Company India

Uday Shankar, President, The Walt Disney Company APAC and Chairman, Star & Disney India, has decided to step down from the positions, according to the announcement made by Rebecca Campbell, Chairman of Disney’s Direct-to-Consumer & International segment. The resignations will be effective as of December 31,2020. Prior to this, Uday was the president of 21st…

Puneet Kaur Kohli appointed Chief Technology Officer of Universal Sompo General Insurance Company

Universal Sompo General Insurance has announced the appointment of Dr Puneet Kaur Kohli as the new Chief Technology Officer, w.e.f. 5th October 2020. She brings over 23 years of extensive experience in Information Technology across esteemed organisations. Prior to joining Universal Sompo, Puneet Kaur Kohli had worked with Manappuram Finance Limited as Group Chief Information…

Swiss startup Mobile Health AG and Infosys partner for the launch of Consilium Care

Infosys, the global leader in next-generation digital services and consulting, announced that it has been selected by Mobile Health AG, a Switzerland-based Health Tech startup, to enhance the go-to-market (GTM) strategy for its electronically patient-reported outcomes (ePRO) platform, Consilium Care. Consilium Care helps in improving the outcome for patients undergoing cancer treatment through remote monitoring. …

Trivandrum-based robotics startup Genrobotics raises Rs 2.5 cr in pre-Series A funding round

Genrobotics, a Trivandrum-based robotics startup, has raised Rs 2.5 crore in a pre-Series A round led by existing investors Unicorn India Ventures. Anand Mahindra along with SEA Fund, as per YourStory report.  Founded in 2015 by Arun George, Nikhil NP, Rashid Bin Abdulla and Vimal Govind MK, GenRobotic Innovations specialized in the design and development…