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Glenmark Pharmaceuticals, a research-led, integrated global pharmaceutical company, announced that it has commenced a Post Marketing Surveillance (PMS) study on FabiFlu to closely monitor the efficacy and safety of the drug in 1000 patients that are prescribed with the oral antiviral, as part of an open label, multicenter, single arm study. Further, Glenmark has announced…
Larsen & Toubro (L&T) announced that its Board of Directors has decided to induct Subramanian Sarma, Non-Executive Director on the Board, as an Executive Director and elevate S V Desai and T Madhava Das to the Board. The slew of Board level appointments reflects L&T’s resolve to chart an aggressive future in its businesses, L&T…
Mystifly, a Singapore and Bengaluru-based air retailing and payments platform, announced that it has raised $3.3 million pre-Series B funding from existing investor Recruit Co., Ltd, according to the YourStory report. Earlier in 2016, the company had raised Series A funding led by Recruit. “The new fund raise is significant with the global aviation industry…
T-Hub, which leads India’s pioneering innovation ecosystem, announced its partnership with the Ministry of Electronics and Information Technology (MeitY) and Digital India. As part of the partnership, T-Hub will lead Digital India’s Scale Up program for hardware and IoT startups across India. MeitY, Digital India’s aim is to provide scale up opportunities to the startups…
Qualcomm Technologies, announced the unveiling of the Qualcomm Snapdragon 865 Plus 5G Mobile Platform, a follow-on to the flagship Snapdragon 865 that has powered more than 140 devices (announced or in development) – the most individual premium-tier designs powered by a single mobile platform this year. The new Snapdragon 865 Plus is designed to deliver…
Tata Consultancy Services, a leading global IT services, consulting, and business solutions organization, announced the launch of its Quartz Smart Solution for Crypto Services, a next-gen, digitally powered offering for banks and investment firms to provide secure and seamless cryptocurrency trading to their clientele. TCS said that the solution is designed to support multiple cryptocurrencies…
Rivian, an automotive technology startup that develops products and services to advance the shift to sustainable mobility, announced that it has raised an additional $2.5 billion in funding from accounts advised by investment firm T Rowe Price. Other investors that took part in the current investment include Soros Fund Management, Coatue, Fidelity Management and Research,…
Earnest, a leading financial technology and education finance company, announced the appointment of Victoria Hughes as its new Chief People Officer, effective immediately. Prior to this role, Hughes served as the Chief People Officer at AnitaB.org, a non-profit organization whose mission is to serve women in technology. Hughes’ appointment adds to an already notable female-led…
Tenneco, a US-based global manufacturing company, pioneering global ideas for cleaner air, and smoother, quieter and safer transportation, announced that its board of directors has appointed Kevin Baird as chief operating officer, effective August 3, 2020. In this new role, Baird joins the executive leadership team and will lead and support critical strategic and operations…
Biocon Ltd, an innovation-led global biopharmaceuticals company, announced that it has received the Drugs Controller General of India’s (DCGI) approval to market Itolizumab (ALZUMAb) Injection 25mg/5mL solution for emergency use in India for the treatment of cytokine release syndrome (CRS) in moderate to severe ARDS (acute respiratory distress syndrome) patients due to COVID-19. Itolizumab is…
Old National Bancorp, the largest financial services bank holding company headquartered in Indiana, and Infosys, a global leader in next-generation digital services and consulting, announced a strategic partnership that will enable faster adoption of digital solutions, modernize ONB’s existing technology infrastructure, and enhance both the client and employee experience. As part of the partnership, Infosys…
GigIndia, a tech startup that empowers businesses to scale effectively by providing on-demand work completion at scale via gig (variable) workforce, announced that it has raised Rs 7.3 crore pre-Series A funding round led by Japan-headquartered Incubate Fund India with participation from Beyond Next Ventures. Existing angel investors that took part in the funding round…
Flipkart, India’s homegrown e-commerce marketplace, and Department of MSME and Mines, Government of Karnataka, announced that they have signed a Memorandum of Understanding to promote the state’s Arts, Crafts and Handloom sectors, by bringing them on to e-commerce and providing market access. Flipkart said that the partnership under the Flipkart Samarth programme will enable local…
Insurance company AXA XL recently announced that it has appointed Sean McGovern as Chief Executive Officer UK & Lloyd’s market. His appointment is currently subject to regulatory approval. McGovern had been performing the role on an interim basis for some months and has now been confirmed on a permanent basis, read a company statement. In…
Ramkumar Ramamoorthy, Chairman and Managing Director at Cognizant India has resigned after 22 years stint in the company, CEO Brian Humphries told employees. Ramamoorthy joined the company in 1998 as a programme manager with the content division. In his mail to employees, Brian Humphries said that Ramamoorthy has decided to retire from Cognizant effective 17…