Hyundai Motor America, an advocate for making things better for its customers, is reinstating its Assurance Job Loss Protection program to support customers affected by the uncertain business and financial environment created by the coronavirus (COVID-19) pandemic. Hyundai will make up to six months of payments for new owners who lose their jobs and have…
Urban Company ( formerly Urban Clap), a home services marketplace, has rolled out COVID-19 health insurance and income protection cover for service professionals on its network. The move is expected to support around 30,000 professionals active on the platform. The company founded in 2014 has emerged as India’s largest services market place with presence in over…
In an attempt to prevent the transmission of the novel coronavirus among employees, e-commerce company Flipkart has offered its employees work from home option for three days. The offer is preferably made available to young employees whose children are studying up to fifth grade. A Flipkart spokesperson said, “In addition, we are checking system preparedness…
E-commerce giant Amazon Inc recently announced that it has extended its work-home-home advisory to include employees in New York and New Jersey. The move is aimed at lowering the risk of coronavirus transmission among the employees. In an official statement, the company said, “We continue to work closely with public and private medical experts to…
HRNX and CloudMills have joined forces to offer the optimal platform, connector library and expertise to make integrations more accessible for all stakeholders. The merger will help the combined organization lead cost-effective integration solutions specifically designed for the multi-billion-dollar work technology market. “We are thrilled to become the only vendor with the capability to manage…
Student housing startup Stanza, recently announced that it will venture into managed housing for working professionals with a capacity of 10,000 beds in four cities. The company plans to add an additional 50,000 beds in the new segment with an investment of ₹150Cr for expansion. According to a LiveMint report, the company initially will focus…
WorkBoard, the Enterprise Strategy and Results Management market leader, announced native integration with Microsoft Azure DevOps for its Enterprise Results Platform, further deepening its interoperability across the Microsoft suite of products. Already integrated with Microsoft Office favorites’ Teams and Outlook, this new integration now empowers developers using Azure DevOps to take advantage of WorkBoard’s leading…
One of the fastest-growing fintech for MSMEs, Kinara Capital recently announced that it has launched HerVikas, business loans to accelerate the financial inclusion of women entrepreneurs in India. Kinara Capital plans to disburse ₹100Cr in HerVikas small business loans to women entrepreneurs this fiscal year. With HerVikas, the company aims to encourage women entrepreneurs with…
ArcelorMittal Nippon Steel or AM/NS, a joint venture between ArcelorMittal and Nippon Steel recently announced that it has completed the acquisition of Bhander Power Plant in Hazira, Gujarat from Edelweiss Asset Reconstruction Company. Bhander, a natural gas-based thermal plant with an installed capacity of 500 megawatt (Mw), will remain captive to AM/NS India’s steel manufacturing…
Indian software major, Wipro recently announced that it has suspended employee travel to coronavirus-hit China, Hong Kong, and Macau. The Bengaluru-based company on Wednesday told news agency IANS in a statement that, “Wipro has suspended travel to and transit through mainland China, including Hong Kong and Macau, until further notice. Employees have also been advised…
Thyssenkrupp, a German multinational conglomerate, announced the sale of its Elevator Technology business entirely to a consortium led by Advent, Cinven and RAG foundation for $18.7 billion. The respective Executive Board decision was approved by the Supervisory Board of thyssenkrupp AG. The purchase agreement has been signed. Thyssenkrupp will reinvest part of the purchase price…
Olympus Partners portfolio company Liqui-box, recently announced that it has completed the acquisition of DS Smith Plc’s Plastics Division. The acquired division includes both rigid and flexible packaging businesses. The combined companies will have 35 manufacturing facilities and a global workforce of nearly 3,000 employees. Post the acquisition, DS Smith’s flexible packaging and global dispenser…
Indian tech company, Tech Mahindra recently announced that it has signed an agreement to acquire a 100% stake in US-based Zen3 Infosolutions for $64mn (approx ₹460Cr) in an all-cash deal. With headquarters in Seattle, Zen3 has offices in Dublin, Hyderabad, Visakhapatnam, and Bengaluru with over 1,300 employees. Talking to the Press Trust of India, Vivek…
Pensando Systems, the new edge services model of enterprise and cloud computing, announced that its co-founder and Chief Technology Officer Vipin Jain has been accepted into Forbes Technology Council, an invitation-only community for world-class CIOs, CTOs, and technology executives. Vipin was vetted and selected by a review committee based on the depth and diversity of…
Global tax services and software provider, Ryan LLC, recently announced the opening of its second office in Hyderabad, India. The new office at Salarpuria Sattva Knowledge City will be used for supporting the company’s accelerated growth. The company also plans to hire people for its new office. In a company statement, CEO and Chairman of…