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.
NIIT, a global skills and talent development company and leading provider of managed training services, announced that it has won two coveted 2020 Learning Technologies Awards jointly with MetLife. The winners were announced at the Learning Technologies online awards gala on November 18, 2020 hosted by Deborah Frances-White and Tom Salinsky. Among the 500 entries…
The Western Union Company, a global leader in cross-border, cross-currency money movement and payments, announced that the Company has entered into a definitive agreement to acquire a minority stake in fast growing Saudi Digital Payments Company, or stc pay, a fully owned subsidiary of Saudi Telecom Company. According to the terms of the transaction, Western…
Country Delight, a startup that produces and distributes good quality and unadulterated milk at doorstep, has raised $25 million in its Series C funding led by Elevation Capital (formerly SAIF Partners). IIFL AMC along with existing investors Matrix Partners India and Orios Venture Partners also pumped in additional money, the company said in a statement.…
Mindtree, a digital transformation and technology services company, announced a five-year deal with a leading wind turbine manufacturer, The Nordex Group. The Nordex Group chose Mindtree as its business transformation partner to simplify, modernize, and transform its entire IT landscape globally, while providing scalability to support the company’s growth plans. The Nordex Group is one…
Tata Consultancy Services (TCS), a global IT services, consulting and business solutions organization, announced that its unified commerce platform, TCS OmniStore, part of TCS Algo Retail suite, has been named the Point of Sale Technology of the Year at the Retail Systems Awards 2020. The Retail Systems Awards recognize technology excellence and innovation within the…
Kaspersky, the world’s largest privately held vendor of endpoint cybersecurity solutions, has announced the appointment of Rohit Sood as its Business Manager for the government and smart cities verticals in India. Rohit Sood will report to Dipesh Kaura, GM, Kaspersky (South Asia) and will be based in Delhi. In his new role, Sood will focus…
Bharti Airtel announced it will acquire 5.2 per cent stake in Avaada MHBuldhana, a solar power firm, for Rs 4.55 crore. Avaada MHBuldhana Private Limited, a subsidiary of Avaada Energy Pvt. Ltd(AEPL), is a newly-formed company that is developing a captive generating solar power plant in Maharashtra which will become operational by March 2021, Bharti…
Bengaluru based group health insurance startup Plum has raised slightly over Rs 30 crore (approximately $4.04 million) in funding, according to a report. The company has raised funds from Sequoia’s Surge, the accelerator and early-stage investment programme of marquee venture capital firm Sequoia, Entrackr reported. Other participants include IF India Partnership, Tanglin Ventures, AngelList and…
Piramal Enterprises announced the appointment of Anjali Bansal, Founder and Chairperson, Avaana Group as Independent Director to its Board, effective from November 19, 2020. Along with the recent two appointments of Independent Directors – Kunal Bahl, CEO & Co-Founder, Snapdeal, and Suhail Nathani, Managing Partner, Economic Law Practice, Anjali Bansal’s appointment to the PEL Board…
Verizon Media and BuzzFeed announced a new strategic partnership across content and advertising, the acquisition of HuffPost by BuzzFeed, and an investment that will make Verizon Media a minority shareholder in BuzzFeed. Additional terms of the deal were not disclosed. From powering new consumer shopping experiences, to content syndication, to innovative ad products, the partnership…
US President-elect Joe Biden on Friday appointed an Indian-American, Mala Adiga, the policy director of his wife Jill Biden, who will be the First Lady, according to ANI report. Adiga has served as a senior advisor to Jill Biden and a senior policy advisor on the Biden-Kamala Harris campaign. Previously, Adiga was director for Higher…
Gurugram-based online retailer specializing in baby and toddler products, Mamaearth, has appointed Jayant Chauhan as Chief Technology and Product Officer. “In his new capacity, Chauhan will oversee the overall product strategy and engineering and will lead the product development and infrastructure teams,” the company said in a statement. Prior to this, Chauhan served as the…
Qualcomm announced that its Board of Directors has appointed Sylvia Acevedo, former CEO Girl Scouts of the USA, and Greg Johnson, EVP and General Manager, Consumer Group of Intuit Inc, to the Board, effective immediately. Acevedo will serve on the Governance Committee and Johnson will serve on the HR and Compensation Committee, the company said.…
QED Investors, a leading boutique venture capital firm focused on investing in early-stage, disruptive financial services companies, announced that it has entered the Indian and Southeast Asian market, hiring Sandeep Patil to lead its investments within the region. With the addition of Sandeep, QED will expand its global footprint, adding India and Southeast Asia to…
Forter, an e-commerce fraud prevention company, announced it has raised $125 million at over $1.3 billion valuation in Series E funding led by Bessemer Venture Partners, Felix Capital and Itai Tsiddon. Sequoia Capital, NewView Capital, Scale Venture Partners, March Capital Partners and Commerce Ventures also participated in the funding round. The startup will use the…