British multinational retail store operator, Debenhams is set to wind up its chain and shut down its 124 remaining stores without alternative offer, potentially putting the job of 12,000 employees at risk. The administrators made the above announcement a day after Arcadia Group of Sir Philip Green wound up its stores putting 13,000 jobs out…
Klarna, the global payments provider and shopping service, has appointed Michael Moritz, partner at Sequoia Capital, as the Chairman of the Klarna Board of Directors and three new members to the board: Omid R. Kordestani, former executive Chairman of Twitter, Lise Kaae of Bestseller Group, and Sarah Smith, a senior advisor at Goldman Sachs. Current…
QuEST Global, a global product engineering and lifecycle services company, has appointed Dr. Claudia Süssmuth Dyckerhoff, Senior Advisor, at McKinsey & Company to the Board of Directors as an independent non-executive director. In this role, Claudia will advise the QuEST leadership across key aspects of the business, from strategy to operational performance, partnerships, and corporate…
The Wendy’s Company has partnered with Rebel Foods to set up 250 cloud kitchens across India. Consequently Mumbai-based cloud kitchen operator, Rebel Foods will partner with Sierra Nevada as part of the deal. Sierra Nevada is a master franchisee of the Wendy’s and is set to open another 150 brick-and-mortar restaurants of the American fast-food…
Honeywell, a multinational conglomerate has partnered with SID (The society for Innovation and Development) at IISc (the Indian Institute of Science). This partnership is formed to support the startups involved in solving societal problems. Six startups that will be funded by the tech company are Azooka Labs, Siamaf Healthcare, Protein Design, Mimyk Medical Simulations, HealthSeq…
Singapore Airlines has appointed Chen Sy Yen as its new General Manager for India. According to the release, Yen’s appointment to the post stands effective from November 29. He will oversee all operations in India for the airline. Yen will succeed David Lim and will be based out of Mumbai – Singapore Airlines’ head office for India…
The holding group for HDR Global Trading Limited, owner and operator of the BitMEX platform, 100x Group has appointed Alexander Höptner as its new Chief Executive Officer. Höptner will lead 100x Group as they pursue their vision of shaping the evolution of digital financial services through strategic investments, innovation, and enhancement of the BitMEX platform,…
TVS Motor Company, has acquired Intellicar Telematics, an IoT solutions company. The deal is valued at about Rs. 15 Cr., and is expected to complete by 31st December 2020. The deal is expected to help TVS accelerate it’s ongoing digital initiatives that are targeted at delivering enhanced customer experience. Intellicar was setup in 2015, and…
ServiceNow has signed an agreement to acquire Element AI, a leading artificial intelligence (AI) company. The acquisition of Element AI is ServiceNow’s latest strategic investment to accelerate AI innovation in the Now Platform. The acquisition is expected to significantly enhance ServiceNow’s efforts at building a better and more intelligent workflow platform to enabling employees to…
Varsha Joshi, IAS officer and Joint Secretary, Ministry of Fisheries, Animal Husbandry and Dairying, Government of India, has been named the chairperson of National Dairy Development Board (NDDB) by the government of India. Varsha Joshi’s appointment will be effective from December 1, 2020 until further orders. She will take over as interim chairperson of the…
Logistics veteran, Eric Herman, joins GEODIS to strengthen the supply chain operator’s growth in contract logistics throughout APAC. Eric’s logistics experience in supply chain strategy, operations and capacity assessments, as well as network and facility design will support GEODIS’ increased focus on Contract Logistics in APAC. Eric joins GEODIS from CBRE GROUP’s Supply Chain Advisory…
Today the number of remote workers is greater than ever before and due to recent circumstances such as COVID-19, more employees are turning to virtual jobs. While many workers like the idea of working from home, it’s normal for people to feel detached and alienated from their colleagues. Have a morning routine Having a morning…
Payments and banking technology company Cashfree has announced its partnership with Logisy, a 360° RTO (Return To Origin) optimization and fraud prevention company for e-commerce websites. The partnership will enable merchants to convert cash on delivery (CoD) orders to pre-paid orders, reducing losses, and also automate and speed up their CoD refund process significantly. The…
Bayestree Intelligence announces that global management consulting firm Arthur D. Little (ADL) will be using Sainapse®, Bayestree’s Customer Experience (CX) transformation enabler to drive digital transformations across their clients. According to the announcement, Sainapse is purpose-built with Bayestree’s proprietary patent-filed AI technology. Sainapse understands customers’ intent behind every query and is able to deflect, resolve…
In its efforts to support the startup ecosystem in the country, Microsoft has launched a program for healthtech startups. The program is designed to help startups scale with advanced technology and joint go-to-market support. The tech firm is also collaborating with startup incubator Social Alpha to accelerate the growth of participating startups. A statement made…