IndusInd bank has been on look out for a replacement for its Managing Director and Chief Executive Officer, Romesh Sobti, who is due to retire in March 2020. The bank has finalized a potential candidate for the position. In accordance with the recommendation of the Nomination and Remuneration Committee , the Board of Directors of…
In consonance with the Government’s rehabilitation program for prisoners, Varanasi Central Jail organised a stainless steel fabrication workshop for the jail inmates. The training program was facilitated by one of India’s largest stainless steel manufacturers, Jindal Stainless (Hisar) Limited (JSHL). Spread over a period of three months, the first phase of the workshop for 50…
India Medtronic Private Limited, a wholly owned subsidiary of Medtronic plc, today announced their certification as a Great Place to Work®. India Medtronic Pvt Ltd earned this acknowledgement by surpassing the threshold of Trust Index© and Culture Audit© framework under the category of ‘Large Organizations’ (more than 500 employees). The certification is valid for the…
CSS Corp, a new-age IT services and technology company, has won Gold in the 11th Annual 2019 Golden Bridge Awards® for its Innovative Network Solutions. The company was bestowed with the ‘Best Solution of the Year’ title in the IT services category. The award was presented in San Francisco on October 28, 2019, during the…
Yes Bank, has received an offer from a global investor for an investment of US$ 1.2 Billion in the Bank. This has been communicated by the bank in a statement to the exchanges. In their statement on their capital raising plans, earlier in September 2019, the bank had mentioned that the Bank had received strong…
L&T Technology Services Limited, a leading global pure-play engineering services company, was conferred with the Frost & Sullivan Indian Cognitive Automation Technology Innovation Leadership award at its 2019 India Best Practices Awards Banquet in Mumbai. The 2019 award recipients were judged on various parameters including market share growth, product portfolio diversity, key achievements, go-to-market strategy,…
Adani Transmission Ltd (ATL), the largest private sector power transmission company operating in India, has received the Letter of Intent (LOI) from REC Transmission Projects Company Limited (RECTPCL) to build, own, operate and maintain a transmission project in the state of Gujarat for a period of 35 years. Mr. Anil Sardana, MD & CEO, Adani…
Info Edge India Ltd,. the company behind Naukri.com, has acquired a 7.06% stake in Adda247. Adda247.com, established in 2010, has been supporting students with the test preparations for SSC, Bank PO, CGL exams etc. Adda247 is one of the largest and fastest growing ed-tech companies and offers its services through multiple platforms such mobile app,…
Shriniwas Kargutkar, the Chief Financial Officer at Welspun Enterprises Ltd., since 2015, retires today. His retirement is on account of completion of superannuation as per the HR policy of the company. The announcement was made by the company in their statement to BSE. The Company is in the process of identifying suitable candidates for filling…
Over the next two years, Cognizant will focus on optimizing its core portfolio and invest in identified four areas – Data, Digital Engineering, Cloud, and IoT.Cognizant, in an effort to streamline its cost structure and focus on optimizing its core portfolio, plans to cut about 5000 – 7000 jobs. During the post earnings conference call…
Amazon, the global e commerce giant, has made fresh investments of about ₹4500 Cr., into its Indian subsidiaries. These investments are directed at Amazon Seller Services, Amazon Pay and Amazon Retail. Amazon Seller Services, Amazon Pay (India) and Amazon Retail India has received ₹3,400 crore, ₹900 crore, ₹172.50 crore respectively from Amazon. Amazon competes with…
Plans for $100 million investment in Energy sector. $ 1.5 trillion in Infra sector. 400 mn people to be skilled to meet the requirement of trained manpower.During the Future Investment Initiative (FII) summit in Riyadh, Prime Minister Narendra Modi spoke about investment opportunities in infrastructure sector, and energy sector in India. He mentioned that the…
Jungle Ventures, one of Southeast Asia’s largest early stage venture capital firms, has announced that it closed its third fund, Jungle Ventures III. The firm raised a total of $240 million, which includes $40 million raised in separately managed account commitments, for investments in innovative technology and digital-driven consumer businesses across Southeast Asia. In 2013…
Salesforce and its ecosystem of partners will create 548,400 new direct jobs and USD $67 Billion in new business revenues in India from 2019 through 2024. These findings are based on a research by International Data Corporation(IDC). IDC estimates that between 2019 and 2024, Salesforce will drive the creation of 1,362,400 indirect jobs in India,…
Justice Sharad Arvind Bobde will be the next Chief Justice of India as President Ram Nath Kovind paved his way after signing a warrant on appointing him as the next CJI. Justice Bobde, the next senior-most judge in the Supreme Court pecking order after CJI Ranjan Gogoi, will take oath on November 18. Justice Bobde…