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Omidyar Network India, an investment firm focused on social impact, announced that it has fully utilized the capital pool of Rs 10.75 crore under its Rapid Response Funding Initiative for Covid-19. The initiative was launched on March 24, 2020 – since then 2000 applications were received and 67 proposals have been approved. Of this, Rs…
Cyient, a global engineering and technology solutions company, announced the launch of its “Empowering Tomorrow Together” initiative. “This move consolidates Cyient’s position as purpose-driven brand and will expand the impact of the Cyient Foundation’s outreach programs by leveraging synergies, optimizing resources, and ensuring maximum impact across all sustainability and CSR focus areas,” Cyient said in…
British luxury department store Harrods recently said that it is planning to cut about 672 jobs due to the impact of the coronavirus pandemic. The store’s flagship branch on Brompton Road in Knightsbridge, London was closed for about three months amid the COVID-19 pandemic and subsequent lockdowns. The store which is now owned by the…
Flinto Learning Solutions, a Chennai-based edtech startup that engages children with fun and creative activity boxes, announced that it has raised $7.2 million pre-Series B funding led by Lightbox Ventures. The Company will utilise the fund infusion to support its rapid growth in the early learning space and to expand its newly-launched preschool solution Flintoclass@HOME. …
The Human Resources head at Adidas, Karen Parkin has recently stepped down from her role after criticism from employees of what they see as the company’s failure to diversify its workforce. Her decision to resign from the office comes after a group of Black employees called for an investigation over her handling of racism at…
Movie streaming giant Netflix Inc recently announced that it has appointed marketing veteran Bozoma Saint John as the company’s new Chief Marketing Officer, effective August 2020. Bozoma’s appointment makes her the first Black woman to join the senior management team. Bozoma is reportedly Netflix’s third marketing head in less than a year. She will be…
Investment management company Standard Life Aberdeen recently announced that its current Chief Executive Officer Keith Skeoch will step down after five years at the helm. Skeoch will be succeeded by former Citi executive Stephen Bird. The announcement marks the end of a 14-year career as an SLA director for Skeoch, during which he oversaw the…
Singapore’s state investor, Temasek, is reportedly looking to invest up to $100mn in food delivery unicorn Zomato. The development was first reported by Economic Times on Tuesday, citing people familiar with the matter. According to the report, the investment comes at a time when Zomato’s largest institutional stakeholder Ant Financial’s promised investment of $150mn has…
The airline industry has been in a soup since the coronavirus outbreak in China. As the outbreak turned into a pandemic, the aviation sector came to a total halt bringing the aerospace companies’ nightmares into reality. The tourism and aviation industry has been one of the most impacted industries in the economic ecosystem due to…
At a time when layoffs, furloughs, and pay cuts have become a common phenomenon, e-commerce giant Amazon is surely leading the way in job creation and salary benefits for employees. The Jeff Bezos-led company recently said that it would spend $500mn on one-time bonuses to its front-line employees and partners working through the coronavirus crisis.…
U.S.-Israeli digital asset security firm Curv, recently announced that it has raised $23mn in Series A funding round. The funding round saw participation from CommerzVentures, Coinbase Ventures, Digital Currency Group, Team8 and Digital Garage Lab Fund. Along with the funding, the company also officially made public tX — an elite group of cryptographers and engineers…
ChitMonks, a blockchain startup with focus on the financial services industry, announced that it has raised $650,000 in pre-Series A funding round from Unicorn India Ventures. The Company will utilise the fund infusion for product development, market expansion, strategic hiring, and further investment in scaling up the current business. Unicorn India Ventures is an early-stage…
GAIL, India’s Largest Natural Gas Company, announced that it has appointed ES Ranganathan as Director (Marketing) of GAIL (India) Limited. Ranganathan has close to 35 years of experience in Oil & Gas sector, particularly in Project Execution along with Operation & Maintenance of Natural Gas pipelines, Gas Marketing, Business Development and Business Information Systems entailing…
Ken42, an integrated education platform that caters to evolving needs of institutions and students, bringing them the best of edtech, content, and affiliations, announced that it has raised a funding round of Rs 11 crore led by Turbostart, a national programme for early stage startups. Other investors that took part in the funding round include…
The UK India Business Council, a premier membership-led organisation supporting the UK Government in the promotion of trade, business and investment between the two countries, announced the appointment of Jayant Krishna as new Group Chief Executive Officer, effective from 3rd August. Prior to this role, Jayant was with the Tata group, India’s largest conglomerate, for…