HrNxt Newsdesk

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.

BNP Paribas Asset Management announces senior executive appointments

BNP Paribas Asset Management announced the appointments of Johanna Lasker and Amanda Raynor as CEO of BNPP AM USA and Deputy CEO of BNPP AM USA respectively, effective from 1 January 2021. In her new role, Johanna Lasker will be responsible for BNPP AM’s strategy, leadership, governance and regulatory matters. She will assume this role…

UK-based retailer Kingfisher plc expands strategic IT partnership with TCS

Tata Consultancy Services (TCS), a global IT services, consulting and business solutions organization, has expanded its partnership with Kingfisher plc, a leading home improvement company in the UK and Europe. The partnership will provide consolidated application management and infrastructure support services to accelerate the retailer’s transformation to be a digital first organization, TCS said in…

ŠKODA AUTO appoints Dr Florian Weymar as Head of Quality Assurance

ŠKODA AUTO, a Czech automobile manufacturer, has appointed Dr Florian Weymar as its new Head of Quality Assurance, effective from 1 January 2021. Weymar succeeds Frank Schreier, who is retiring after more than 40 years with Volkswagen Group.  In his current role, Weymar – who has a PhD in mechanical engineering – is working as…

EY announces acquisition of Zilker Technology

Ernst & Young announced that Zilker Technology (Zilker), a digital consultancy and systems integrator, has joined the EY organization. The acquisition will help elevate its global e–commerce, digital and cloud capabilities, EY said in a statement. “As businesses continue to tackle large-scale transformation initiatives, this acquisition offers EY clients the unique ability to build engaging,…

US-based Padre Media acquires India-based consumer tech content destination Guiding Tech

Padre Media, a leader in the Digital Publishing space focussed in consumer technology, has announced its latest acquisition of guidingtech.com – a leading technology and how-to site for all things tech.  Apart from this, the company also acquired top global YouTube channels Guiding Tech and GT Hindi.  “Guiding Tech is a leading technology destination for…

Delhi-based personal care startup Arata raises $1 mn in pre-Series A funding round

Arata, a Delhi-based personal care startup that sells nature-derived, vegan and chemical free unisex skin and hair care products, announced it has raised $1 million in pre-Series A funding round from Nikhil Vora (Founder and CEO of Sixth Sense Ventures) and Rohan Vaziralli. Existing investor DSG Consumer Partners also participated in the funding round.  The…

MediaTek acquires Intel’s Enpirion power solutions business for $85mn

MediaTek, a Taiwan-based global fabless semiconductor company, has acquired Intel Enpirion power management chip product line-related assets, via its subsidiary Richtek, for about $85 million, as per media reports. Post acquisition, MediaTek aims to expand its product line to offer integrated power solutions used in FPGA, SoC, CPU, and ASIC for the enterprise-level system applications.…

TCS recognised as a leader in Industry 4.0 Services by Everest Group

Tata Consultancy Services (TCS), a global IT services, consulting and business solutions organization, has been recognized as a Leader in the Everest Group PEAK Matrix for Industry 4.0 Services.  TCS was positioned as a Leader in all the Industry 4.0 service functions mentioned in the report – Consulting and Design, Development and Verification and Validation,…

Healthtech startup Prescribe raises Rs1 cr in seed funding

Prescribe, a healthtech startup that provides IT solutions to doctors, clinics & hospitals by leveraging user friendly platforms, has raised Rs 1 crore in seed funding round led by Titan Capital, along with AngelList syndicate and Curofy founders.  The startup will use the current financing to fuel expansion, grow its sales team, engage in strategic…

Tarun Katial resigns as CEO of ZEE5 India

Tarun Katial, a senior media industry veteran, has stepped down from the role of CEO of ZEE5 India. Katial joined the company as the CEO in November 2016. “We wish to confirm that Tarun Katial has tendered his resignation, as CEO, ZEE5 India. We thank him for his valuable contribution towards the growth of ZEE5.…

Mavenir hires Vishant Vora as President of Global Operations and Managed Services

Mavenir, an end-to-end Network Software Provider for 4G/5G networks, has announced the appointment of Vishant Vora as President, Global Customer Operations and Managed Services, effective Nov 16th, 2020. Vishant will report to Pardeep Kohli, President and CEO of Mavenir.  In his new role, Vishant will lead Mavenir’s global end-to-end business operations including network design, rollout…

Blue Planet secures $10 mn investment from Sysma Holdings

Blue Planet, a Singapore-headquartered company driving regional sustainability through technology-driven and IP based end-to-end solutions for waste management and upcycling, has announced an investment of US$10 million from Sysma Holdings Limited, a Singapore-listed investment holding. The investment will be used to deploy integrated, inclusive and sustainable waste management solutions around the region, the company said…

Zeotap bags $18.5 mn Series C funding from SignalFire

Zeotap, a Customer Intelligence Platform (CIP) that helps companies better understand their customers and predict behaviors, announced it has raised an additional $18.5 million in Series C funding round from SignalFire, a data-driven venture capital firm. The company has also added Chris Scoggins and Taylor Barada to its board.  The latest investment was made from…

ADB allocates $20 mn to help developing members access COVID-19 vaccines

The Asian Development Bank (ADB), a multilateral development financial institution, announced it has allocated $20.3 million in technical assistance to help its developing members access vaccines for the coronavirus disease (COVID-19) and establish systems to enable equitable and efficient vaccine distribution.  The funds will be available for ADB developing members to support vaccine-related health system assessments and…