Lucideus, a cyber risk assessment services and platforms, have raised $7 million in a funding round led by California-based MS&AD Ventures, along with participation by venture capital firm Western Technology Investment. The company was founded by Saket Modi, Vidit Baxi & Rahul Tyagi in 2012. The company will use the funds to double its engineering…
On Tuesday, Intel opened its new engineering and entrepreneurship center in Hyderabad after one in Bangalore.
AGS Health, a global leader in revenue cycle management services for leading healthcare providers across the U.S. has been recognized among ‘India’s Best Workplaces in IT & IT-BPM 2019’ and has been ranked among the top 75 based on a rigorous assessment conducted by the Great Place to Work Institute in India. AGS Health has…
Future Consumer, a part of the Future Group, has appointed Rajnikant Sabnavis as the Chief Executive Officer, effective January 1, 2020. Earlier he was associated with Hindustan Unilever Limited for almost 23 years holding a major leadership position. Hindustan Unilever Ltd for 23 years.
Earlier this week, Deutsche Bank announced two senior appointments within its newly formed Technology, Data and Innovation division. Dilip Khandelwal will join as Managing Director and Head of Technology Centres, based in Pune. He will oversee the development of the bank‘s Technology Centres globally. The role’s mandate is to create one consistent strategy while continuing…
Larry Page is exiting the role of CEO for Alphabet, and Sundar Pichai will be taking over the role. For Sundar Pichai, this role will be in addition to his present role as CEO for Google. Google, Co-Founder Sergey Brin will also step down from the role of President of Alphabet. The role of President…
Wipro Limited, a leading global information technology, consulting and business process services company, today announced the launch of advanced cloud Security Operations Centre (SOC) services using Microsoft Azure Sentinel. As part of this integration, Wipro will offer managed cloud SOC services with built-in Artificial Intelligence (Al) and Orchestration capabilities for rapid threat detection and response…
FinAccel, a financial technology company that enables Indonesian consumers to buy online and pay later under the brand Kredivo, has raised US$90 million in a Series C equity funding round to expand in Indonesia and the region. The round was jointly led by Asia Growth Fund (a joint venture between Mirae Asset and Naver) and…
WNS (Holdings) Limited, a leading provider of global Business Process Management (BPM) services, today announced that the company has been recognized as a ‘Market Leader’ in insurance across several categories by Information Services Group (ISG) in their Provider Lens Digital Insurance BPO Services U.S. Quadrant and Archetype reports, published in October 2019. In the Buyer…
In a move to disassociate itself from the controversies surrounding its former parent company Karvy Group, Karvy Fintech has renamed itself as KFin Technologies. The private equity firm General Atlantic has been the controlling shareholder of KFin Technologies for over a year. GA acquired Karvy Group’s stake in KFin Technologies last year for Rs. 1,000…
Infra.Market, a B2B marketplace for real estate and construction materials, has raised $20 million in its series A funding round led by US-based investment firm Tiger Global, Nexus Venture Partners and Accel Partners. The company was founded by Aaditya Sharda and Souvik Sengupta in 2016. Earlier, the company had raised $3.5 million in a seed…
Biocon Ltd, an innovation-led global biopharmaceuticals company, announced that Siddharth Mittal has taken over as Chief Executive Officer & Joint Managing Director of the Company starting December 1, 2019. Mr. Mittal has been serving as Biocon’s Chief Financial Officer since August 2014. Welcoming Mr. Mittal, CMD, Biocon, Kiran Mazumdar-Shaw said, “I am very pleased to…
Bangalore-based electric vehicle maker Ather Energy has announced the signing of MoU with the Tamil Nadu government for a 400,000 sq.ft. manufacturing facility. The MoU was signed at the Investment and Skill Development Conclave in Chennai. The new facility will be located in Hosur, Tamil Nadu. The electric vehicle maker has stated this move as…
United State’s based Accel Partners, a venture capital firm, has raised about $550mn for its 6th fund specifically for investments in India’s booming start-up ecosystem. This fund is a notch higher than its 5th fund which set a figure of about $450mn in 2016. Accel has so far raised $1 billion capital across five rounds…
In a recent development in the case of Chanda Kochhar versus ICICI Bank, the former CEO has sought permission from the Bombay High Court to amend her petition in view of the reply given by the bank to the court. Kochhar had earlier (30th November) moved the court challenging her termination and subsequent clawback of…