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SBI card, the country’s second largest credit card issuer, announced that Ashwini Kumar Tewari has taken over as the company’s new Managing Director and Chief Executive Officer, effective August 1, 2020. He replaced Hardayal Prasad who retired on July 31, 2020. Ashwini Kumar Tewari is a career banker with over 29 years’ experience with State…
Bolo Indya, a Gurugram-based short video app, announced that it has raised $300,000 investment from Eagle10 Ventures, India Accelerator Group and HNIs, according to an ETtech report. Till now the company has raised over $500,000 in funding. The new funds will be used to enhance personalisation and recommendation engine, develop language evangelists and strengthen the…
inFeedo, a SaaS-based people analytics startup, announced that it has raised $700,000 financing from Y Combinator, a Silicon Valley-based startup incubator, according to the ETtech report. Angel investors like Innov8 founder Ritesh Malik, Lenskart cofounder Peyush Bansal, former Facebook director Anand Chandrashekharan, Cisco’s Vinod Muthukrishnan, Inventus Law founder Anil Advani, and Kwench founder Sunder Nookala…
Coherent President and Chief Executive Officer, Andy Mattes, announced significant updates to the company’s senior leadership team. Mark Sobey EVP & Chief Operating Officer, now oversees both the ILS and OLS business units under his leadership to increase operational best practices sharing and create efficiencies. In addition Coherent announced the appointment of its first Chief…
Smiths Detection, a global leader in detection and screening technologies, announced that it has completed the acquisition of PathSensors, a leading bio-technology solutions and environmental-testing company, based in Baltimore, MD, USA. The acquisition strengthens Smiths Detection’s biological-detection capabilities to detect pathogens for broad end-market applications, including in food and agriculture safety. “We are pleased to…
L&T Technology Services Limited, a global engineering services company, announced that it has expanded its collaboration with Microsoft Corporation and launched its latest and enhanced version of the i-BEMS solution on Microsoft Azure to transform buildings into future-ready smart campuses. “With growing digital transformation, there has been a clear impetus on the need for organizations…
ADT, a leading provider of security and smart home solutions, and Google announced they are entering into a long-term partnership to create the next generation of smart home security offerings. The partnership will combine Nest’s award-winning hardware and services, powered by Google’s machine learning technology, with ADT’s installation, service and professional monitoring network to create…
ŠKODA AUTO announced that Thomas Schäfer has been appointed the new Chairman of the Board of Directors of ŠKODA AUTO with immediate effect. He replaces Bernhard Maier, who, after almost five years at the head of the board, handed over the position to his successor. Thomas Schäfer began his career in the automotive industry as…
Ribbon Communications Inc, a global provider of real time communications software and network solutions to service providers, enterprises, and critical infrastructure sectors, announced that Bharti Airtel, India’s leading integrated telco, has chosen its 5G-Native Neptune platform to enhance its mobile backhaul transport capabilities. The deployment is part of Airtel’s network strategy to make its network…
Siemens Healthineers AG and Varian Medical Systems announced that they have entered into an agreement, pursuant to which Siemens Healthineers shall acquire all shares of Varian for USD 177.50 per share in cash. This corresponds to a purchase price of approximately USD 16.4 billion, according to the Siemens’ press statement. Varian’s Board of Directors unanimously…
Tata Communications, a global digital ecosystem enabler, announced the launch of ‘Secure Connected Digital Experience’ (SCDx), a new proposition for enterprises to help them rebuild and adapt their organisations for a post-COVID world. Tata Communications’ SCDx proposition is intended to meet this growing, worldwide demand for new ways of operating, which includes far higher levels…
Palmetto, a software company focused on simplified energy savings for homeowners, announced that it has completed a $29 Million Series B raise. Investors from a wide range of sectors including energy, financial technology and software participated in the capital round that included Evergy Ventures, Arctern Ventures, Shell Ventures, Greycroft, Lerer Hippeau, Box Group, Falkon Ventures…
MongoDB, Inc, a next-generation database that helps businesses transform their industries by harnessing the power of data, announced the appointment of Harsha Jalihal as Chief People Officer. Jalihal will oversee the company’s human resources operations globally, supporting 2,100+ people in 29 countries. In this new role, Jalihal will lead workforce strategy, talent acquisition and development,…
Haqdarshak Empowerment Solutions Pvt. Ltd, which operates a startup focussed on the delivery of government financial schemes and citizens, announced that it has raised pre-Series A funding from Impact investor Acumen Fund, according to a VCCircle report. Impact investor Acumen Fund led the funding round, the Pune-based Haqdarshak said in a statement. Other investors that…
Wockhardt, the global pharmaceutical and biotechnology major announced that it has entered into an agreement with the UK Government to fill finish COVID-19 vaccines. The manufacturing will be undertaken at CP Pharmaceuticals, a subsidiary of Wockhardt based in Wrexham, North Wales. As per the terms of the agreement the company has reserved manufacturing capacity to…