As cloud computing takes over the world, Avigna Consulting, owner of the server management solution InfraGuard, has made a strategic investment in Australia’s leading Cloud Management Company, Kumolus for fast expansion in SouthEast Asia. Both companies are partners with Amazon Web Services and have a global presence. Together, they offer a complete solution to enterprises…
National Engineering Industries Ltd (NEI), part of the USD 2.4 billion diversified CK Birla Group, announced the acquisition of Kinex bearings through its wholly owned European subsidiary. Kinex Bearings is an international bearing manufacturer headquartered in Slovakia with an annual turnover of about 60mn Euro. This transaction is in line with NEI’s strategy to augment…
Bharti Airtel, India’s integrated telecommunications company has announced the successful fund raising exercise through completion of Qualified Institutional Placement (“QIP”) and pricing of Foreign Currency Convertible Bonds (“FCCBs”). The transaction is the largest dual tranche Equity and FCCB offering ever in Asia-Pacific, the largest QIP by a private sector issuer ever in India and the…
BharatPe, a UPI payments system, is planning to hire 75 engineers and project managers this year to expand its technology team and will set up a tech-hub in Delhi for the expanded team. The company was founded by Ashneer Grover and Shashvat Nakrani in 2018. In a statement, the fintech player said, “BharatPe is coming…
vHealth by Aetna, a preventative and primary care service provider in India, has announced that Damian Delaney, an Australian national with 25+ years of international experience, to be the new Managing Director to lead its Indian operations. Damian will be based in Delhi and will oversee all aspects of the business which caters to 2.8…
Aesthetic Nutrition, a chewable dietary supplement under the brand Power Gummies, has raised an undisclosed amount in Pre-Series A funding led by DSG Consumer Partners. The company was founded by Divij Bajaj in 2018. Earlier, it had raised $100,000 from Alfa Ventures in its seed round of funding. The startup will utilize these funds to…
BBC Studios, the principal commercial arm of the BBC, has announced the appointment of Nicki Sheard as CMO. As CMO Nicki will set the global marketing strategy for the company and its brands, and provide marketing leadership across all of BBC Studios. Nicki will take up her new role in March 2020. Nicki re-joins the…
Moody’s Analytics, a global provider of financial intelligence, announced today that BNP Paribas Cardif has selected the Moody’s Analytics RiskIntegrity™ for IFRS 17 solution for its global implementation of IFRS 17. The insurance subsidiary of BNP Paribas will use the RiskIntegrity solution for IFRS 17 to meet the stringent reporting requirements of the new accounting…
Toddle, an all-in-one platform for planning, portfolios, reports, and family communication, has raised an undisclosed amount in a seed funding round led by Matrix Partners India. The round also witnessed participation from seed-stage fund Better Capital and angel investors such as Swiggy cofounder Rahul Jaimini among others. The company was founded by Misbah Jafary, Gautam…
Majesco, a cloud insurance software solutions for insurance business transformation, has announced the availability of expanded capabilities of Majesco Digital 1st Insurance to evolve and accelerate insurers’ business and technology models in their digital Transformation. “The demands of agility, speed and innovation are accelerating as we enter a new decade,” stated Adam Elster, CEO of…
CYFIRMA, a predictive cyber-threat visibility and intelligence analytics platform company, has announced key management appointments as part of its market expansion plan. CYFIRMA has appointed Gosuke Nakae as President of Alliance Strategy and Administration, Shuhei Igarashi as President of Business Development, Koichi Saito as Vice President of Business Development, Saurabh Lal as President of Delivery…
Ola Foods, a food business division of the primarily ride-hailing focused company, has appointed Senior FMCG executive Rajeev Bakshi. Currently, Rajeev is an advisor on Strategy and Marketing, apart from serving on the board of a few companies.
Xoriant, a Silicon Valley headquartered product engineering, software development and technology services company, has announced the appointment of Hari Haran as President and Chief Revenue Officer. Hari Haran brings 30 years of experience in IT Products, Software, Digital Transformation, Networking, Communications, Wireless, and Product Engineering Services. He will lead Xoriant’s sales and business development teams,…
The Government of India on Tuesday announced the appointment of Michael Debaprata Patra as the Deputy Governor of the Reserve Bank of India. Michael is currently working as an Executive Director at the central bank. His appointment comes six months after former Deputy Governor Viral Acharya pre-maturely resigned from his post. Patra will serve the…
Wipro Limited, a global information technology, consulting and business process services company, in collaboration with US-based retail magazine, Retail Info Systems (RIS) have developed a report titled,’Smart Store Strategies for Digitally Savvy, Time-Crunched Shoppers’. The study, based on a poll conducted with senior executives from national and large regional retail organisations, reveals how retailers need…