Mobikon, a data exchange platform for the F&B ecosystem, has raised a Series B round of $12.5 million led by entrepreneur and venture capital visionary, Binny Bansal. So far Mobikon has raised a total of $25 million in primary investments. It was founded by Samir Khadepaun in 2011. It is understood that Mobikon will utilise…
Fair.com, a startup offering flexible car leases, will be laying off about 40% of its staff. As a part of this downsizing exercise they are also letting go their CFO, Tyler Painter, the brother of the CEO and co-founder Scott Painter. The lay-offs are being considered as a key step for the business to get…
Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, announces the appointment of Lisa Stevens as Chief People Officer. “As we continue our Aon United journey, we have gained greater clarity about our specific needs for recruiting, retaining and engaging colleagues,” said Greg Case, Aon’s CEO.…
Sandvik’s Board of Directors appoints Stefan Widing as new President and CEO for Sandvik with effect no later than April 2020. Stefan Widing succeeds Björn Rosengren, who as previously announced leaves Sandvik as of 1 February 2020. Since 2015, Stefan Widing is the Executive Vice President of Assa Abloy and President of HID Global Corporation,…
Former Bharti Airtel’s CHRO for India, South Asia, Gautam Anand, has joined Positive Moves Consulting. Positive moves is one of the leading executive search firm and has a global presence. Gautam Anand worked with Bharti Airtel for more than 10 years across various HR roles. He was elevated to the CHRO India, South Asia role…
The Supreme Court has approved the Delhi government’s plan for revised minimum wages for daily wagers and contractual workers. Also, the government will increase the dearness allowance(DA) for the workers as it was pending from couple of years. The proposed rates of minimum wages were uploaded on the website of Labour Department on 12.11.2018 and…
India has recorded a jump of 14 positions against its rank of 77 in 2018 to be placed now at 63rd rank among 190 countries assessed by the World Bank. India’s Leap of 14 ranks in the Ease of Doing Business ranking is significant considering that there has been continuous improvement since 2015 and for…
Traction on Demand, one of North America’s largest dedicated Salesforce consulting partners, announced that it is expanding its workforce in Jaipur, India. The influx of new Tractionites will contribute to the company’s rapid growth by providing the necessary skills to support the development of innovative platform solutions for customers globally. Traction on Demand is looking…
BV Krishnan, Chief Executive Officer of KKR India Financial Services Pvt. Ltd (KIFSPL), has stepped down citing personal reasons. KIFS, is the non banking financial services arm of the PE firm KKR in India. As a part of the leadership transition, KKR India’s CEO Sanjay Nayar will be the CEO of KKR India Financial Services.…
Havells India Limited, a leading Fast-Moving Electrical Goods (FMEG) company, has been recognised as the ‘The Great Place to Work’ among the other reputed companies in India for the year 2019-20. The company was bestowed with the honour for building a high trust, high-performance culture with a strong emphasis on value systems and processes to…
Earlier this week, SoftBank finalised an agreement to take over WeWork. As a part of the agreement, SoftBank would be providing about $5 billion in new funding. With this new agreement, SoftBank now has around 80% control of WeWork and Marcelo Claure, presently SoftBank’s Chief Operating Officer, has been appointed as the company’s Executive Chairman.…
In a major administrative reshuffle, the Appointments Committee of the Cabinet (ACC) has transferred and promoted Indian Administrative Service (IAS) officers, and upgraded the ranks of others to the post of Special Secretary. The Appointments Committee of the Cabinet (ACC) has approved the following: Braj Raj Sharma has been appointed as the chairman of the…
Wipro Limited, a leading global information technology, consulting and business process services company, today announced that it has been named “Global Breakthrough Partner of the Year” by Pivotal Software, Inc., a leading cloud-native platform provider, at Pivotal’s annual SpringOne Platform conference in Austin, Texas. Wipro’s strong investment and growth in its Pivotal practice over the…
Mindtree,, a global technology services and digital transformation company, has been named the winner of the 2019 ISG Star of Excellence Award, the industry’s first and only recognition program that ranks providers on the quality of their services based on direct feedback from enterprise clients. Mindtree achieved the highest cumulative client experience score for the…
The global management consulting industry is expected to continue growing at a rate of 4-5 percent, according to Beroe Inc., a procurement intelligence firm. Within management consulting, Operations Consulting holds the largest market share of 28.4 percent and is growing at a rate of 3-4 percent, followed by Financial Advisory with market size of 28…