Ola, an Indian transportation network company offering services that include peer-to-peer ridesharing, ride service hailing, taxi and food delivery, is in advanced talks with tech giant Microsoft to raise about USD 150-200 million in funding. As per sources, the deal is likely to be closed in the next couple of weeks. Ola is presently backed…
Gleneagles Development Pte Ltd (“GDPL”), a subsidiary of IHH Healthcare (“IHH”), has appointed Mr Ashok Bajpai as the new Chairman of Continental Hospitals in India. Mr Bajpai is currently Group Head of Operations and Integration at IHH, where he is responsible for integrating the Group’s business processes by leading cross-functional and organisational teams across IHH…
In a strategic move to accelerate its foray into the data center domain, the Adani Group (“Adani”), a $13 billion integrated business conglomerate in India, today announced it is partnering with San Francisco-based Digital Realty, the world’s leading global provider of data center, colocation and interconnection solutions. According to a Memorandum of Understanding (“MoU”) signed…
Dr. Sukhbir Singh Sandhu has taken over as Chairman, National Highways Authority of India today. He is an IAS Officer of 1988 batch Uttarakhand Cadre, who has held important positions in the Central Government and the Government of Uttarakhand, Government of Uttar Pradesh and Government of Punjab. Dr. Sandhu has done his MBBS from Government…
Financier Shriram Capital Ltd plans to merge two of its listed units, Shriram Transport Finance Co. Ltd and Shriram City Union Finance Ltd, with itself to create a simpler shareholding structure and help investors Piramal Enterprises Ltd and TPG Capital to easily sell their stakes in Shriram Group companies. Kotak Mahindra Capital Co. Ltd has…
Keiretsu Forum, a global network of accredited angel investors, has appointed Gaurav Malhotra as head of its newly-formed healthcare committee. It was founded in California in 2000, Keiretsu runs 56 chapters in 20 countries on four continents with more than 3,500 accredited investors as members. The committee curates investors, corporates, startups, universities and healthcare professionals…
Pranav Mistry has been appointed as the President and CEO of STAR Labs (Samsung Technology & Advanced Research Labs).
K Prasanth, an officer hailing from the city, has been appointed as the provident fund (PF) commissioner in the Union Territories (UTs) of Jammu and Kashmir and Ladakh. The PF Act will come into force in the two UTs after the abrogation of Article 370 of the Constitution. Earlier Prasanth was serving as the PF…
After nearly 15 years with the global network, Vikas Mehta, CEO of Mullen Lintas, has decided to move on from MullenLowe Lintas Group. Virat Tandon, Group CEO, MullenLowe Lintas Group mentioned in media statement that “Vikas has been a dear colleague and a valuable leader for Lintas. Over the last 7 years in India and…
Caisse de dépôt et placement du Québec (CDPQ) is announcing an investment in Piramal Enterprises Limited (Piramal Enterprises), a leading Indian financial and industrial group active in financial services, pharmaceutical development and manufacturing, and healthcare information management. CDPQ will acquire US$250 million in convertible debentures from Piramal Enterprises. “We are delighted to deepen our partnership…
OYO, the world’s third-largest, and the fastest growing hospitality chain of leased and franchised hotels, homes & living spaces, will expand its footprint in Bihar by investing in infrastructure and talent. From 2015 to till date Oyo kept a successful business in Bihar. This will create 700 jobs in the hospitality sector. Aditya Ghosh, CEO,…
HowNow, the workforce learning platform raises $3 million in a “pre-series A” funding round. The round is led by Mark Pearson’s Fuel Ventures and brings the total raised by the startup to $4.5 million. Other investors include Andy Murray OBE; Michael Whitfield and Chris Bruce (founders of Thomsons Online Benefits); Bernie Sinniah (former managing director…
Japanese tech firm TechnoPro Holdings Inc., has announced their plans to hire 10,000 engineers and researchers in India over the next three years. Earlier this week, the company inaugurated global delivery centre at Bangalore. TechnoPro current plans for India will be focussing the Electric Vehicle sector. As per a statement to media, Director and Managing…
Ally, a leading goal-setting and business performance management software provider, has announced a $15 million Series B funding round led by Tiger Global Management, LLC, a New York based investment firm known for investing in strategic, innovative companies such as Facebook, Flipkart, Slack, and Stripe. Previous investors Accel, Vulcan Capital, and Founders Co-op also participated…
Citigroup Inc has promoted Jane Fraser to be its President. Jane would be the first female chief executive of the U.S. bank. As per CEO Michael Corbat, “I have asked Jane Fraser to serve as President of Citi, a role that has been open since earlier this year. Stephen Bird has informed me of his…