Global tech-giant IBM on Wednesday announced the appointment of Sandip Patel as the Managing Director for its India and South Asia business. He will be succeeding Karan Bajwa who resigned from the company to pursue opportunities outside. Patel will be responsible for strategic and operational matters related to IBM’s sales, marketing, services and delivery operations…
After members of 10 trade unions announced a nation-wide strike against the policies of government on Wednesday businesses across India were affected. About 25 crore people across the country are said to be taking part in the strike with members of central trade unions leading the protest. These unions include AITUC, INTUC, CITU, AICCTU, CUCC,…
Harappa Education, an Online course on foundational skills for professional success, has completed a round of funding led by Lupa Systems. The company was founded by Pramath and Shreyasi Singh in 2018. The company will utilize these funds to accelerate product development, invest in high-quality curriculum creation, build a rich learning experience, and scale its…
The Thomson Reuters Founders Share Company has announced that it has appointed Pawel Dangel to its Board of Directors. The Thomson Reuters Founders Share Company acts as a guardian of the Thomson Reuters Trust Principles. Established in 1941, the Trust Principles are designed to preserve Thomson Reuters independence, integrity and freedom from bias in the…
The game streaming platform, Rheo TV, has raised $2 million in seed funding led by Sequoia Capital India’s rapid scale-up programme, Surge, Lightspeed, and marquee angels. The company was founded by Saksham Keshri and Prakash Kumar in 2019. Other investors include Gaurav Munjal, Hemesh Singh, Roman Saini, and Dinesh Godara, Co-founders of the Edtech startup…
Dentsu Aegis Network India has elevated Sidharth Rao as Chairman, Happy mcgarrybowen (HMB) India and Chairman, Dentsu Webchutney. Rao will report to Anand Bhadkamkar, CEO, DAN India and work with Samarjit Choudhry, President, HMB India. Rao will be responsible for overseeing the business’ consistent performance and expansion across the country and even on a global…
Cheil India, a Business-Connected Agency, has elevated Sanjeev Jasani to the role of Chief Operating Officer (COO). He would be replacing Atika Malik who will be reassuming her role as the Chief Strategy Officer of the agency. In a statement, Jasani said, “In my time as Chief Digital Officer, I have literally seen the transformation…
In a wave of resignations, at least 15000 employees have quit Axis Bank in the past few months. The maximum number of resignations came from mid-level to branch level executives. People familiar with the development said that the resignations are because of the new growth drive which employees were struggling to cope up with. According…
Testbook Edu Solutions Pvt. Ltd, which operates an education-technology platform focussed on government examination preparations, has raised ₹ 60 crore in its Series B funding round. As per the Testbook statement to media, the round was led by growth-stage investor Iron Pillar. Other investors that participated in the round include Matrix Partners India, Better Capital,…
Vaibhav Global Limited has announced the appointment of Jay Chandran as Chief Technology Officer (CTO). Chandran previously served as CTO at Advantage Rent A Car and prior to that at US-based electronic retailer HSN, where he served for eleven years with his last assignment as the Operating Vice President of Information Technology for six years.…
Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization, has been named a Leader in the Everest Group PEAK Matrix for Cloud Services. Among the 25 service providers evaluated in this assessment, TCS was positioned highest for Market Impact. The report highlights the company’s significant investments in building a strong…
Chai Kings has raised $1 million in funding from an angel investment group, The Chennai Angels (TCA). The round also saw participation from Hyderabad Angels and TiE India Angels. The company was founded by Jahabar Sadique in 2016. The company will utilize these funds business growth and expansion. It also target to reach 100 stores…
Flipkart, India’s leading e-commerce marketplace, has announced the launch of Visa Safe Click (VSC), powered by Visa, the payments technology giant. VSC, a new payment solution now available on Flipkart platform, will enable the e-commerce platform to deploy India’s first in-app device-based network authentication solution. This solution will eliminate the need for One Time Passwords…
OYO Hotels & Homes, the world’s leading chain of hotels, homes, and spaces has today announced the elevation of three key business leaders within the India & South Asia business. The company has elevated Sharad Saxena to Chief Supply Officer – Franchise hotels business, South Asia, Asit Biswal to Chief Supply Officer – Frontier Businesses,…
George Alexander Muthoot, MD of Muthoot Finance, was injured after miscreants allegedly attacked his vehicle with stones. Police said that George Alexander Muthoot, who suffered a head injury has been admitted to a private hospital. This incident comes after Muthoot management, in December dismissed about 160 employees from the company’s 43 branches. A group of…