Investment banking and private equity firm – FundVice is looking to support startups in India with a corpus of Rs 330 crore, which includes funding from its new fund Ryoma Ventures. The company has plans to raise up to Rs 250 crore and accelerate at least 50 deals by 2021-end. In addition, it has announced…
Pendo, a platform that accelerates product adoption, has announced highlights from its fiscal year, which ended January 31, 2021. “Notable milestones include substantial growth in bookings from new and existing customers, the launch of its Pendo Free product, and global expansion into the Asia-Pacific region. Demand for Pendo increased as companies plan for long-term remote…
Novartis India is planning to layoff 170 employees as part of its workforce rationalization due to the COVID pandemic. “The layoff plan has been drawn as part of ‘fit for future’ project. The communication to identified employees will be made by March 31,” as shared by a senior executive. A spokesperson of Novartis informed, “Novartis…
Foxconn of the toy world, a manufacturer of superhero figures and toy dart guns for companies in the global toy industry, is now aiming to set up India’s first toy manufacturing cluster in Karnataka. Aequs Private Limited is developing a 400-acre toy manufacturing cluster at Koppal in Karnataka at an investment of USD 500 million,…
Bharti Airtel (Airtel), India’s premier communications solutions provider, has entered the advertising business with the launch of Airtel Ads – a powerful brand engagement solution. Airtel Ads allows brands of all sizes to curate consent based and privacy safe campaigns to one of the biggest pool of quality customers in India. Airtel has over 320…
Tawazun Economic Council and the UAE’s flagship satellite services operator, Yahsat, have signed a Memorandum of Understanding (MoU) to establish a new company to develop critical in-country capabilities in relation to the development and manufacture of advanced satcom solutions within the UAE, with a focus on building intellectual property locally for increased national security and…
Proxtera, a network of business-to-business (B2B) marketplaces that facilitates cross-border trade for small-medium enterprises (SME), and Tazapay, a digital escrow service for cross-border trade, have announced their partnership to launch Proxtera Protect, Powered by Tazapay to provide international buyers and sellers with a secure and protected payment service to streamline global trade. In partnership with…
IBM has announced that Safexpress, a supply chain & logistics company, has deployed ‘PROPEL-i’, a bespoke, end-to-end cloud native logistics platform, which was developed in collaboration with IBM Global Business Services. The digital platform enables the company to attain agility in demand management, obtain advanced and flexible dynamic pricing modelling capabilities and provides enhanced visibility and…
BH Fitness a provider of fitness equipment signed partnership with Atletico Madrid as the official equipment supplier at Wanda Metropolitano Stadium, Madrid. Under this partnership, BH Fitness will be supplying gym machines and fitness equipment to aid men and women teams and the academy. Speaking on the importance of this partnership “We are delighted to…
Telerad Tech (T2), a healthcare provider of AI-enabled teleradiology software,has expanded its presence further into four more countries namely Saudi Arabia, South Africa, Israel and Egypt. The company acquired new clientele through its flagship products RADSpa and Clinspa. “We are thrilled with the expansion we managed to make in 2020, with additional territories and increase…
Mercer l Mettl, an online assessment company, has launched its web-based examination platform as an all-in-one, integrated solution to digitize academic exams. “As physical examinations pose multiple challenges at each step of the process for academic institutions, administrators and students, Mercer l Mettl, using new-age digital tools, has made online exams a reality in the…
Hyundai Motor India plans to further consolidate its SUV portfolio in the country as the vertical continues to outshine other segments and drive passenger vehicle sales in the domestic market, according to a top company official. The company, which is the second largest passenger vehicle maker in the country, is also gearing up to bring…
Walmart has reported record annual revenue of nearly $560 billionwhich has resulted in $35 billion of growth and $40 billion of growth in constant currency. Walmart also continues to build the next generation business model, investing in automation to fuel future sales and earnings growth. The FY22 capital investments of the company are expected to…
LogiNext, a technology company has announced a partnership with AmRest Holdings, an European multi-brand franchise restaurant operator headquartered in Spain. This partnership involved rolling out the technology to hundreds of restaurants where AmRest has reported considerable efficiency gains in terms of digitizing delivery operations and meeting customer promise of fast delivery. Through this partnership, AmRest…
IKEA has been handed around 50,000 sq metres land for facility in Noida. The company, according to Ritu Maheshwari – Noida Authority CEO, will invest Rs 5,000 crore in the city in the coming seven years, and, as a result, will create jobs for 2,000 persons. Maheshwari said in a tweet, “In dignified presence of CM…