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.
Global investment firm Silver Lake Partners to invest an additional Rs 1,875 crore in Reliance Retail Ventures, the retail arm of Reliance Industries Ltd (RIL), the company said in a press statement. “Reliance Industries Limited (‘Reliance Industries’) and Reliance Retail Ventures Limited (‘RRVL’) announced today that co-investors of Silver Lake will invest an additional Rs…
Hero Motocorp, the world’s largest manufacturer of motorcycles and scooters, has announced a round of appointments to strengthen its Leadership Team to drive growth in the emerging business Climate. Air Chief Marshal (Retd.) B. S. Dhanoa has been appointed as a Non-Executive and Independent Director on the Board of the Company, effective October 1, 2020. …
Gamma Biosciences, a life sciences tools platform created by KKR, announced that it has acquired Nanopareil, a US-based company developing next-generation nanofiber membrane products for chromatographic separation in bioproduction. Nanopareil’s membrane technology employs a novel, durable nanofiber structure that offers significant performance advantages compared with conventional chromatography resins as well as similar, non-resin-based separation technologies.…
PAAS, the Global Leader in Technology Spend Analytics, announced its expansion into the India market by solidifying a partnership with Luxury Connect based out of New Delhi, India. The partnership is not limited to India but also covers a large portion of EMEA and SEA (Southeast Asia), the Company said in its press release. “After…
Authentix, the authority in authentication and information services, announced that it has acquired the Traceless Authentication Group from Bibliotheca, a library systems solutions company serving over 30,000 libraries worldwide. MHT Partners acted as financial advisor to Authentix in this transaction. New York-based Traceless is an industry leader in anticounterfeiting and diversion control to global clientele…
Honda Performance Development (HPD), which leads all Honda and Acura high-performance racing programs in North America, announced that David Salters will become the seventh president in its history, succeeding Ted Klaus, who will retire from HPD, effective Dec 1, after a 30-year career with Honda. “Ted Klaus has been a great leader for Honda Performance…
LinkedIn, the world’s largest online professional network, announced findings of the second edition of the ‘Labour Market Update’, a monthly update on hiring trends and insights based on LinkedIn’s Economic Graph, a digital representation of the Indian economy built by conducting a close analysis of actions of 69+ million members in India. The ‘Labour Market…
Codeyoung, a startup that provides live online coding classes to K12 students, has raised an undisclosed amount in a seed round of funding led by US-based VC firm Guild Capital. The funds will be used to scale up in International Markets as well as strengthen Academics Research, Technology and Product teams. Founded by IIT- Delhi…
Gagan Arora, CEO & Strategic Growth Leader of Vertex Global Services, was awarded as one of best people managers of 2020, by Great Manager Institute in collaboration with Forbes India. The award is presented to the top 100 such extraordinary leaders of India who excel in the nuances of business as well as team leadership.…
Royal Dutch Shell announced its plans to slash up to 9,000 jobs as part of the company’s major overhaul to shift to low-carbon energy. The move will deliver the company an annual cost savings of up to $2.5 billion by 2022, the company stated. The company said that it would cut between 7,000 and 9,000…
Gati, a logistics and supply chain solutions provider, announced that its Founder and Managing Director Mahendra Kumar Agarwal has resigned from the post, with immediate effect. “During board meetings held on September 28, 2020, Mahendra Agarwal, Founder and Managing Director of Gati Ltd, resigned from the Boards of Gati, Gati-KWE, and Gati-Kausar,” the company said…
Infilect, a Retail Visual Intelligence SaaS provider to the worldwide Retail Industry, announced a $1.5 million pre-series A financing led by Mela Ventures and 1Crowd, with participation from The Chennai Angels (TCA). With the investment, Infilect will expand its go-to market programs, and will continue to invest in the areas of Image Recognition (IR) for…
HackerEarth, a leading developer assessment and interview solutions provider, announced the addition of fullstack assessments to help recruiters efficiently evaluate the coding skills of fullstack developers. HackerEarth’s CEO, Sachin Gupta, made the announcement at Hire10(1), HackerEarth’s flagship virtual conference to help recruiters and engineering leaders hire top developers and build great tech teams. According to…
Nelco, India’s fastest growing satellite communication service provider, has entered into a cooperation agreement with Telesat, a leading global satellite operator that has been addressing complex connectivity challenges for over 50 years. Nelco and Telesat will collaborate on terrestrial facilities, commercial distribution and regulatory frameworks to offer Telesat LEO satellite connectivity in India. Telesat LEO…
Qdesq, India’s largest online flex workspaces marketplace, has launched the Eva Concierge, a digital, white-label, workspace super app for office occupants, community/office managers and staff. Designed to enable operators of office spaces to digitally manage and transform the occupant experience, Eva comprises of 5 systems – issue ticketing, feedback management, visitor management, room bookings and community management…