Sigma Electric, a leading global manufacturer of precision engineered metal components, announced that it has acquired Tooling Dynamics, the leading US manufacturer of high volume, precision metal stamping and Swiss screw machining, in a move that will significantly expand Sigma’s capabilities and benefit its customers. Viren Joshi, Chief Executive Officer and President, Sigma Electric, says,…
he government described these reforms as historic and believes that these will go a long way in achieving Government’s vision of making Indian Railways the growth engine of India’s Vikas Yatra.
Jagdish Khattar former managing director of Maruti Suzuki India Limited’s (MSIL) has been charged by the Central Bureau of Investigation (CBI) in an alleged criminal conspiracy, criminal misconduct and cheating Punjab National Bank to the tune of Rs 110 crore.
Mobile Doorman, a leading all-in-one custom resident app solution, appointed Nitin Vig to the position of Chief Executive Officer. Before joining Mobile Doorman, Vig worked as a consultant at McKinsey & Company, where he helped Fortune 100 and Start-up C-suite to create winning strategies, drive growth and improve margins. He will be joined by Bob…
In an attempt to regain the trust of regulators, customers, and the public after two crashes of its 737 Max plane, Boeing announced major leadership changes. The company’s Board of Directors has named current Chairman, David L. Calhoun, as Chief Executive Officer and President, effective January 13, 2020. Calhoun will remain a member of the…
Mindtree, a global technology services and digital transformation company, has been recognized as an ‘Innovator’ in Avasant’s Intelligent Automation Services RadarView 2019 report. The report identifies digital leaders that demonstrate innovation and maturity with their intelligent automation offerings, such as robotic process automation (RPA), machine learning (ML), artificial intelligence (AI) and chatbots. The report cites…
The Cabinet on Monday approved the appointment of Indian ambassador to the United States Harsh Vardhan Shringla as the next foreign secretary. He will replace Vijay Keshav Gokhale with effect from 29th January, 2020. The decision makes Harsh Vardhan Shringla as the 33rd foreign secretary of the country. A 1984-batch IFS officer and a fluent…
Over the next 15 months, many senior leaders at Mahindra & Mahindra Ltd. will be retiring. Top management succession plans have been announced on 20th December 2019. Anand Mahindra will transition to the role of Non-Executive Chairman of the Board of Mahindra & Mahindra Ltd. with effect from 1st April 2020. Pawan Goenka will be…
Cognizant has decided to lay off about 350 people as the company seeks to bring down costs and turn the focus more on digital from traditional technology services. The layoffs will be done from mid-to-senior level positions globally. As per a company spokesperson, these employees are aged between 50-55 years, most of whom are based…
Quick Heal Technologies Ltd, an IT security solutions provider, appointed Reetu Raina as CHRO w.e.f. December 23, 2019. The company, in a BSE filing, said, “We would like to inform you that Ms. Reetu Raina appointed as a Chief Human Resource Officer of the Company w.e.f. December 23, 2019.” Reetu is a seasoned HR professional…
Global innovator LG Electronics Inc. has named Thomas Yoon President and CEO of LG Electronics North America. Effective Jan. 1, 2020, he will be the company’s most senior executive in the Western Hemisphere. Yoon’s stellar three-decade LG career includes a dozen years in the Western Hemisphere, including serving as head of LG’s North American home…
Finly, a finance management & governance Suite, has raised undisclosed funding from Social Capital, AngelList India, Gemba Capital, Omphalos Ventures, and 91springboard via Atal Innovation Mission and Niti Aayog. The company was founded by Vivek AG and Veekshith C Rai in 2015. The company will utilize these funds to expand product offerings with a focus…
HCL Technologies (HCL), a leading global technology company, today announced a partnership with Critical Manufacturing to provide pre-and post-sales consulting, development, and implementation support. The partnership involves Critical Manufacturing’s Manufacturing Execution Systems (MES) customers in the complex manufacturing for hi-tech, semiconductor, and medical device manufacturing industries. GH Rao, President, Engineering and R&D Services, HCL Technologies,…
Rivian, an American automaker, and automotive technology company has closed an investment round of $1.3 billion. The financing was led by funds and accounts advised by T. Rowe Price Associates Inc., Amazon, Ford Motor Company and funds managed by BlackRock also participated in the round. The company was founded by Robert “RJ” Scaringe in 2009.…
HomeLane, home renovations, and interior design platform has raised $30 million in Series D led by new investors Evolvence India Fund (EIF), Pidilite Group, and FJ Labs, with participation from Sequoia Capital, Accel Partners, and JSW Ventures. The company was founded by Srikanth Iyer in 2014. With the current round, the total funding raised by…