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Drug discovery and development company Mission Therapeutics recently said that it has raised $15mn in equity investment. The funding round was led by company’s existing investor Pfizer Ventures, the venture capital arm of Pfizer Inc. Along with the investment, Mission and Pfizer Inc. have also expanded their relationship by entering into an evaluation and option…
Argus, a London-based leading global commodity information service provider, announced that it has purchased Agritel, the expert provider of information, consulting and forecasting on agricultural and agro-industrial markets. Agritel was founded nearly 20 years ago by Michel Portier and offers data and analysis tools to help farmers and agro-industrial companies manage risk in agricultural commodity…
Itiviti, a leading technology and service provider to financial institutions worldwide, announced that Elly Hardwick had been appointed to its board of directors to further growth and technology-driven innovation plans for the company. Elly has 25 years’ experience within Fintech, serving as Head of Innovation at Deutsche Bank, and, most recently, Chief Digital Officer of…
Not-for-profit NIIT University recently announced that it has appointed Prabhu Aggarwal, as the next President. He succeeds VS Rao, whose tenure ended on June 30, 2020. The university said in a statement that “Aggarwal comes with extensive global expertise in the fields of engineering, process management, education and leadership development spanning over three decades, a…
Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organisation, announced that it has successfully deployed TCS DynaPORT, a state-of-the-art terminal operating system at Tilbury2 Ro-Ro, Forth Ports’ latest unaccompanied freight ferry terminal opened recently in London. TCS said that it has implemented this solution on schedule, 100% virtually during the…
Japanese IT equipment and services company, Fujitsu Ltd recently said that it would halve its office space in three years as it rewrites the way employees work under a “new normal” amid the coronavirus pandemic. The company said its roughly 80,000 group employees in Japan would work flexible hours, and work-from-home would be standard wherever…
Zydus, a leading discovery based global pharmaceutical company announced that it has received approval from the regulatory authority of Mexico, COFEPRIS, for its one of its lead research candidate Desidustat to be tested in the management of COVID-19. Clinical and regulatory development of Desidustat in COVID-19 is being executed in Mexico by Avant Santé Research…
Secure Cloud-Managed Network Services provider Infoblox Inc recently announced that it has appointed George Chang as Vice President of Sales for its Asia-Pacific and Japan (APJ) region. Chang’s appointment follows the appointment of Matthew Hanmer as Country Manager and Regional Director for Australia and New Zealand. Chang will be based in Singapore, said the company.…
Workers at India’s biggest two-wheeler exporter Bajaj Auto, are reportedly demanding the temporary closure of one of its plants after 250 employees tested positive for coronavirus. The recent demand by the union comes at a time when the company is struggling to ramp up operations. India went into complete lockdown in late March to curb…
France’s flag carrier Air France recently confirmed plans to cut about 7,500 jobs including 1,000 at its sister airline HOP!, amid protests from staff over its response to the collapse in travel due to the coronavirus pandemic. The French airline, part of Franco-Dutch group Air France-KLM, said it had lost 15mn euros a day during…
Britain’s biggest mall owner Intu Properties’ Chief Executive Officer Matthew Roberts has reportedly stepped down from the role a week after the company went into administration, said a Reuters report citing sources. Roberts, who took the helm in 2019 after serving as Intu’s Finance Chief for about nine years, informed staff that he was leaving…
Frankfurt-based Commerzbank’s Chairman and Chief Executive Officer have recently stepped down from their offices, bowing to demands from top shareholder Cerberus that the German lender changes its strategy to stop a downward spiral in its financial performance. The resignations of Chief Executive Martin Zielke and supervisory board Chairman Stefan Schmittmann cap weeks of drama after…
Blu Smart, India’s first all electric shared smart mobility platform for efficient, affordable, intelligent, sustainable ride-sharing, car-sharing and scooter-sharing, announced that it has raised Rs 37 crore in a pre-Series A funding round, according to media reports. The Gurugram-based startup raised the capital from Mumbai Angels Network, Inflection Point Ventures and LetsVenture, Entrackr reported, citing…
KKR, a global investment firm, announced that it has entered into a definitive agreement to purchase a controlling stake in J.B. Chemicals & Pharmaceuticals Ltd, one of the leading Indian pharmaceutical companies specializing in branded formulations. As part of the agreement, KKR will acquire its stake from the founding Mody family at a purchase price…
Inspektlabs, a US and New Delhi-based Inspection AI technology startup that automates inspections of physical items with photos and videos, announced that it has raised $600,000 in a pre-Series A round led by Better Capital, Titan Capital — the investment office of Snapdeal founders Kunal Bahl and Rohit Bansal, and a cluster of angel investors. …