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.
upGrad, India’s largest online higher education company, announced its entry into the test preparation market with the 100% acquisition of The Gate Academy (TGA) for an undisclosed amount. Bengaluru-based TGA is one of India’s premier coaching institutes with 57 centers across India and 76 million video hours consumed by its almost 2 lakh enrolled learners…
Reliance Industries Limited said that its subsidiary Jio Platforms has received the subscription amount of ₹ 33,737 crore from Google International LLC, as part of the deal announced in July wherein Google agreed to buy a 7.73 per cent stake in Jio platform. This is the biggest-ever investment by Google in an Indian company. The…
MeritTrac Services, a 100% subsidiary of Manipal Global Education (MaGE) which is one of the largest and highly rated education services providers, has announced the appointment of Sujatha Kumaraswamy as its Chief Executive Officer (CEO), according to ET report. Prior to this role, Kumaraswamy served as Vice President – Strategy and Business Excellence at Manipal…
Rainmatter Capital, a Zerodha-backed fintech fund that invests and incubates innovative fintech startups, announced that it has pumped in Rs 10 crore into ERPNext, an open-source project being built in India. In a press release, Rainmatter said ERPNext offered multiple modules, from inventory management, payroll, sales and support, customer relationship management to employee wellness. Being…
Elgi Equipments Limited, one of the world’s leading air compressor manufacturers, has announced it recently held a grand opening ceremony for the company’s new, expanded North American headquarters, located in Charlotte, NC. The event was attended by ELGi employees and included speeches by David Puck, President, ELGi North America and, Dr. Jairam Varadaraj, Managing Director,…
Kahoot!, the global learning platform company, has announced the acquisition of Drops, one of the fastest growing language platforms in the world. Through this acquisition, Kahoot! plans to further expand its platform and make language learning awesome for millions of Kahoot! users worldwide as well as bring the magic of Kahoot! to Drops users. “We…
Cashfree, a Bengaluru-based payment gateway startup, has announced that it has raised $35.3 million in its Series B funding round. The current funding was led by London-based private equity fund Apis Partners’ Apis Growth Fund II. Existing investors Y combinator and Smilegate Investments also participated in the funding round. With this investment, the company’s valuation…
GlobalLogic Inc., a leader in Digital Product Engineering, announced that it has acquired ECS Group, a leading digital transformation and DevOps consultancy. Terms of the transaction were not disclosed. Headquartered in London, ECS delivers digital solutions that harness the latest cloud technologies, with a focus on Digital Engineering, Data Analytics and Customer Experience. The company…
CompuGroup Holding USA, Inc., a 100 % subsidiary of CompuGroup Medical SE & Co. KGaA, has announced that it is acquiring 100 % of eMDs, Inc., a leading provider of integrated electronic health records, practice management software, revenue cycle management solutions, and credentialing services for physician practices and enterprises. “Today, CompuGroup Holding USA and MDeverywhere…
XacBank, a leading universal bank in Mongolia, and Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, announced the selection of Finacle’s core banking, treasury, and corporate banking solution suites to power XacBank’s digital transformation. The Finacle solution suite will enable the bank to drive all-round business transformation to improve customer engagement, operational…
Siegwerk, one of the leading global suppliers of printing inks for packaging applications and labels, has announced the appointment of Ashish Pradhan as the President of Siegwerk Asia. In this new role, Ashish will take over responsibility for South East Asia in addition to his current responsibilities for India and Greater China. Ashish is a…
EbixCash, a fully owned subsidiary of Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, announced that it has acquired a 70 percent stake in pan-India based BPO company AssureEdge Global Services. AssureEdge is today recognized as the first independent customer retention and customer…
The GSMA Board has re-elected the Chairman and Chief Executive Officer of Orange Group, Stéphane Richard, as GSMA Board Chair. The Board has elected the Executive Vice President and Chief Strategy Officer of Verizon, Rima Qureshi, as Board Deputy Chair. Both appointments are for the two years from January 2021 through December 2022. As GSMA…
Lancify, a Bengaluru-based startup that is building the world’s strongest young workforce by teaching young people new-age skills related to the latest SaaS tools, has announced an angel round of funding worth $300,000, according to YourStory report. Investors that participated in the round are Techstars, Under 25, former Babajob executive Vir Kashyap, Hari TN, Head…
Druva, the leader in Cloud Data Protection and Management, announced plans to ramp up its workforce in India within the next 12 months, even as it extends remote working for all employees until the spring of 2021. Since initiating a mandatory remote working policy earlier this year to protect employees and the larger community, Druva…