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Ford Motor Company announced that Jim Hackett, who has led the company’s transformation since 2017, plans to retire from the company. Jim Farley has been named the company’s new president and CEO and will join the board of directors, effective Oct. 1. Hackett and Farley will work together on a smooth leadership transition over the…
Data Sutram, an AI-based location intelligence company with a cloud-based B2B data marketplace product, announced that it has raised Rs 2 crore funding from Indian Angel Network (IAN) angels Uday Sodhi, Mitesh Shah, and Nitin Jain, according to a YourStory report. Speaking about the startup, Uday Sodhi, Lead Investor at IAN, said, “It is heartening…
Voiceitt, a Israel-based award winning leader in commercial speech recognition technology, announced that it has successfully raised an additional $10 million in a Series-A round. New York based Cahn Capital Corp. served as Investment Bankers for the Company. Investors that participated in the funding round include Viking Maccabee Ventures, Microsoft’s M12, AMIT Technion, Cahn Capital…
Genpact, a global professional services firm focused on delivering digital transformation, and AppZen, a leading artificial intelligence (AI) software for modern finance teams, announced a partnership to transform travel and expense (T&E) audit processes, enhancing corporate and regulatory compliance. The two companies will launch a regulatory compliance-as-a-service (RCaaS) solution that significantly advances T&E operations, allowing…
Nokia has announced a collaboration with the Indian Institute of Science (IISc), the country’s leading institute and university for research and higher education in science and engineering, to establish the Nokia Centre of Excellence (CoE) for Networked Robotics. The CoE will promote inter-disciplinary research involving robotics, advanced communication technologies and Artificial Intelligence (AI) to develop…
Bharti Airtel, one of India’s largest integrated telecom providers, announced a multi-year, Strategic Collaboration Agreement with Amazon Web Services (AWS) to deliver a comprehensive set of innovative cloud solutions to large enterprise and small and medium enterprise (SME) customers in India. Airtel serves over 2,500 large enterprises and more than a million emerging businesses and…
Cloudera, the enterprise data cloud company, announced it has promoted Sarah Shin to the new role of Chief Diversity Officer. In her new role, Sarah will spearhead Cloudera’s commitment to addressing workplace inequality with deliberate and decisive action and will hold the company accountable for promoting belonging in its workplaces and communities. Prior to this…
Meditation4Leadership, a leading nonprofit for communicating the benefits from meditation practice to organizations, announced the promotion of meditation facilitator Lisa Gonzalez to Chief Meditation Officer. In her new role, Lisa will lead the organization’s development of meditation courses, enhance the high quality of instruction and outcomes, and recruit Meditation4Leadership’s roster of teachers. According to Lisa…
Mindtree, a digital transformation and technology services company, announced the appointment of Venu Lambu as President of Global Markets, a role strategically oriented towards accelerating Mindtree’s revenue growth. He will be based in London, UK. In his new role, Venu will be responsible for formulating strategic direction and business development for Mindtree businesses across all…
Pharma major Lupin Limited announced the launch of its Favipiravir in India under the brand name Covihalt for the treatment of mild to moderate COVID-19. Favipiravir has received authorization from the Drug Controller General of India (DCGI) for emergency use, the company mentioned in its press note. Lupin’s Covihalt dosage strength has been developed keeping…
Johnson Controls announced that it has acquired the remaining stake of Qolsys Inc., a leading residential and commercial security and smart-home manufacturer, after owning a majority since 2014. Qolsys enhances Johnson Controls global innovation platform delivering next generation security and smart building solutions. Post acquisition, the Qolsys founders and leadership team will remain in Silicon…
The Reserve Bank of India approved the appointment of Sashidhar Jagdishan as Managing Director & CEO of HDFC Bank. The appointment is for a period of 3 years beginning October 27, 2020 and is subject to approval of the Bank’s board and shareholders, HDFC Bank said in its press statement. Aditya Puri, the current Managing…
Sequoia Capital, a Silicon Valley-headquartered venture capital firm, announced the expansion of its India leadership team with the appointment of a new marketing chief, public policy head and an operating partner. The blue-chip venture capital firm named former Star India senior executive Gayatri Vasudeva Yadav as its new Chief Marketing officer, and Ajey Gore, the…
Infosys, a global leader in next-generation digital services and consulting, announced that it has been certified as a Great Place to Work in the United States. This award recognizes best in class workplaces and company cultures based upon employee responses to the Great Place to Work Trust Index Survey. Speaking about the recognition, Ravi Kumar…
Wobot, a Delhi-based AI-powered video analytics platform, announced that it has raised $2.5 million in pre-Series A round led by Sequoia India, according to the YourStory report. Recently, the startup raised an undisclosed amount of seed funding from Titan Capital. The company said that Wobot will use the funds for global expansion and to strengthen…