FabHotels, a budget hotel brand, is likely to raise nearly Rs 40 crore in a Series B2 round from its existing investors United States-based Goldman Sachs, Accel and Singapore’s RB Investments. The company was founded by Vaibhav Aggarwal and Adarsh Manpuria in 2014. Earlier, it had raised $7.8 mn from Goldman Sachs & Others. The…
Informatica, the enterprise cloud data management leader, has announced that its Board of Directors has named Amit Walia Chief Executive Officer. Amit succeeds Anil Chakravarthy, who is stepping down from his role as CEO after leading the Company during a period of meaningful transformation and growth to pursue other professional opportunities. Prior to joining Informatica,…
Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, announced that it has successfully completed an Oracle HCM Cloud transformation for Extreme Networks, an industry leader in cloud-managed network hardware, software, and services, empowering and connecting its workforce across 33 countries. Extreme Networks embarked on an HR transformation journey to introduce…
Novo Nordisk, a global healthcare firm has announced the appointment of Vikrant Shrotriya as Managing Director and Corporate Vice-President for its Indian business arm. More recently, Shrotriya was serving the GCC (Gulf Cooperation Council) countries wherein he was Vice-President for Novo Nordisk’s GCC business and Corporate Vice President for Saudi Arabia. “India is an important…
Rajeev Gupta, has tendered his resignation as the CFO of Birlasoft Limited. Rajeev had joined as CFO in June, 2018. Rajeev has been working on various roles in the field of finance such as Finance Leader and Finance Director in companies such as JLT, Amazon, and Capgemini. Rajeev has immense experience of more than 25…
In the wake of the new guidelines proposed by market regulator SEBI, Wipro Chairman Rishad Premji might lose his executive powers in the tech company after 1 April, as per a TOI report. In 2018, SEBI through its rules had directed the top 500 listed companies in India to ensure that their chairperson is a…
Nihar Info Global Limited, an e-commerce company, has appointed Basava S R Priyanka as the CFO of the company. This comes when the previous CFO, Ravulakollu Lavanya has resigned from the service of Chief Financial Officer of Nihar Info Global Limited on 18 December 2019. In a BSE release, the company said, “The company would…
WealthBucket.in, which runs an online platform for mutual fund investments, has raised ₹18 cr from NorthStar, Vinod Khatumal & other HNIs. WealthBucket was founded in 2018 by Himanshu Jain and Pulkit Jain with an initiative to provide a platform that connects the customers looking to invest in mutual funds. This platform provides option to invest…
Yalochat, an artificial intelligence-driven customer relationship management (CRM) platform that helps companies build personalized relationships at scale has partnered with Edelweiss Tokio Life Insurance to implement a chat-based personalized HR solution to serve over 4,000 employees across India. Vikas Bansal, Chief Human Resource Officer, Edelweiss Tokio Life Insurance, said, “Our goal is to create an…
Satin Creditcare, an NBFC (non-banking financial corporation), has raised $15 million led by the Development Bank of Austria (OeEB). The company was founded in 1990 by H.P. Singh. Earlier, it had raised $9.4 million from Switzerland-based international impact asset manager, responsAbility Investments AG. The company will utilize these funds in its planned expansion, portfolio growth…
Bosch, a German multinational engineering and technology company, is likely to lay off a couple of thousand jobs in India in the next four years. The layoffs include about 10 percent of 3,700 white-collar jobs and a slightly higher percentage of 6,300 blue-collar jobs will be shed. In a statement, Soumitra Bhattacharya, India Managing Director,…
Pharma major Lupin Limited won the gold award at the 9th Annual Conference on Quality Management, organised by the American Society for Quality at Ahmedabad on 22 November, 2019. The nomination case study submitted for this award summarised the transformation project to improve the yield and quality of Lupin’s Cefadroxil products. Speaking on the occasion,…
Frost & Sullivan and The Energy and Resources Institute (TERI) to jointly host the 11th edition of ‘Sustainability 4.0 Awards’ to recognize the efforts of companies on a national platform setting the standards for the future of organizations. The awards process aims to recognize excellence in sustainable development among organizations by providing a measurable and…
Alkem Laboratories Ltd, a multinational pharmaceutical company, is set to acquire assets related to Active Pharmaceutical Ingredient (API) Dronabinol from United States-based AbbVie Inc. for a cash consideration of $10 million. The expected date of completion was set to be on or before 31 st December 2019. As per BSE filing, the company said, “This…
Forum of India Food Importers (FIFI) and North East Entrepreneurs Alliance (NEEA) agreed to build cooperation by signing a Memorandum of Understanding (MoU) during recently organized North East Food Show 2019 by the Government of Meghalaya and SIAL Paris.