Prime Minister Narendra Modi on Monday, met top industry leaders including Mukesh Ambani, Ratan Tata, and Gautum Adani, ahead of the Union Budget 2020-21. The Union Budget which will be presented in the parliament on February 1, 2020, will be extremely crucial in sending a positive message to revive business sentiment amidst an economic slowdown.…
Citigroup Inc. is planning to hire 2500 IT professionals this year to augment up its team of traders and investment bankers, coders and data scientists in an attempt to technologically reshape the business. As per a Bloomberg report, the new roles will be for locations across the globe like London, New York, Shanghai, Toronto, Dublin,…
Swmabhan Commerce Pvt. Ltd, which operates FMCG brand Rage Coffee, has raised funding from a clutch of investors led by startup investor Refex Capital, Keiretsu Forum, Wazir Advisors founder Harminder Sahni and former CavinKare joint managing director TD Mohan, the company said in a statement, as per media report. Other investors include former TVS Electronics…
Glassdoor, one of the world’s largest job and recruiting sites, has announced that Christian Sutherland-Wong is leading the company as Chief Executive Officer. Sutherland-Wong was previously Glassdoor president and Chief Operating officer. Glassdoor co-Founder and former CEO Robert Hohman is remaining with Glassdoor as Chairman. The leadership change, which was announced last year, comes as…
DXC Technology has announced that Carla Christofferson has been appointed Chief Risk officer to lead the company’s risk and security efforts. Christofferson will report to Mike Salvino, DXC’s president and Chief Executive officer, as a key advisor on embedded and emerging risks. Salvino said, “The management of enterprise risk is a critical function for global…
Great Wall Motors of China is inching close to acquire General Motors’ manufacturing facility in Maharashtra. A formal agreement over the facility at Talegaon in Pune district is likely to be signed by the end of the month, and General Motors is likely to fetch about $250-300 million from the sale, one of the people…
Generico, a generic medicine focussed retail chain in Mumbai, has raised $1.39 million in Series A from venture debt fund Alteria Capital. The investment was a part of Alteria’s venture debt fund of $134 million, which got its final close in July 2019. The company was founded by Siddharth Gadia and Girish Agarwal in 2013.…
A joint venture of Hindustan Construction Co. Ltd. (HCC) and VCCL received a contract worth Rs.489 crore from Delhi Metro Rail Corporation Ltd. (DMRC) under Phase IV of the Delhi Metro project. HCC’s share in the JV is 75% (i.e. Rs.367 crore). The work is expected to be completed in three years. The contract is…
UST Global, a leading digital transformation solutions company, has been honored with a Glassdoor Employees’ Choice Award, recognizing the company as one of the Top 100 Best Places to Work in 2020. Additionally, it was featured among the top 31 tech companies in this year’s ranking. The Employees’ Choice Awards program, now in its 12th…
UnoLigo Solutions Pvt. Ltd, a customer service management platform company has raised funds in its pre series A funding from EquNev Capital, a Mumbai-based institutional investment banking firm. The financial details of the transaction couldn’t be ascertained. However, the funds will go towards augmenting UnoLigo’s product, expand its data science and sales and marketing teams,…
Michele Buck, Chairman, President and CEO of The Hershey Company, has announced new leaders who will join her executive management team. Buck said, “Our strong momentum over the course of 2019 positions the company well as we plan for 2020. Today’s announced leadership changes further support our growth trajectory and reflect the confidence I have…
Robotic cleaning systems provider Skilancer Solar Pvt. Ltd has raised an undisclosed amount from incubator and accelerator Venture Catalysts. Skilancer is a startup that provides robotic cleaning systems for solar panels of commercial parks and establishments. IIM Lucknow-incubated Skilancer will use the funding it has raised to invest in design and technology upgrades, as well…
Velodyne Lidar, Inc. today announced Anand Gopalan as its new CEO. Gopalan, who previously was Velodyne’s CTO, assumes the position from Velodyne’s legendary founder David Hall. Hall will continue as full-time Chairman of the Board and remain actively involved in directing the company’s technology, product vision and business strategy. Gopalan is a distinguished engineer and…
Hindustan Aeronautics Limited has appointed Alok Verma as Director (Human Resources) of HAL. Prior to this, he was General Manager (HR) at the Corporate Office. In a BSE filing, the company said, “we would like to inform the following changes in the Board of Directors of the Company: (a) Shri V M Chamola, Director (Human…
Luxoft, a DXC Technology Company, has announced that it is expanding its collaboration with Microsoft to accelerate the delivery of connected vehicle solutions and mobility experiences. By leveraging the Microsoft Connected Vehicle Platform, Luxoft will enable and accelerate the delivery of vehicle-centric solutions and services that will allow automakers to deliver unique features such as…