Sanjeev Nandan Sahai, a senior IAS officer, has been appointed for the new power secretary replacing Subhash Chander Garg, who had sought voluntary retirement after being shunted out from the post of finance secretary soon after the budget was passed by Parliament. Currently, Sanjeev is serving as special secretary in the Ministry of Power. In…
Loca, last-mile connectivity provider, has raised an undisclosed amount of funding in its 1st round of investment led by Stellaris Venture Partners, China-based Fosun RZ Capital and a group of individuals including Aprameya Radhakrishna (co-founder of Taxiforsure), Mayank Bidawatka (co-founder of Vokal) and Rohit MA (co-founder of Cloud Nine). It was founded by Gautam Patil…
Fintech startup Wealthy.in, a platform that enables individuals to become wealth managers by providing them with digital financial products and training, announced that it has raised $1.3 million in funding led by an early-stage venture capital firm, Good Capital, along with fintech venture capital firm, Emphasis Ventures (EMVC). The previous investors was Venture Highway, Tracxn…
The Boeing Company named Stan Deal to succeed Kevin McAllister as president and CEO of Boeing Commercial Airplanes and Ted Colbert to succeed Deal as president and CEO of Boeing Global Services, effective immediately. Vishwa Uddanwadiker is appointed to Colbert’s former role as interim chief information officer and senior vice president of Information Technology &…
Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, has been recognized as a Leader in the Forrester Wave™ for Robotic Process Automation (RPA) Services. As per the report, “TCS embraces automation throughout its own organization and across its customer base.” It added, “TCS has deep technical finesse and structured, mature…
Actor Ayushmann Khurrana joins the list of Bollywood celebrities investing in a startup. The actor invested an undisclosed amount in Helios Lifestyle, the parent entity of The Man Company, a men’s grooming brand. The actor will also be the company’s brand ambassador. According to Hitesh Dhingra, Founder and Managing Director, The Man Company, said that…
Karnataka accepts software industry body Nasscom’s offer to help the government rewrite labour regulation. This move will also bring more services online to reduce interface between industries & labour offices. As per statements made by labour minister to the media, S Suresh Kumar said, “The move is taken to align with the changing requirements of…
The Union Cabinet chaired by Prime Minister Narendra Modi has approved the proposal for Agreement on Science and Technology Cooperation between India and the United States of America. The agreement will unlock a new chapter in bilateral relations as both sides will leverage complementary strengths spurred by a significant convergence of mutual interests in science…
Nike’s Board of Directors has announced that Board Member John Donahoe will succeed Mark Parker as company’s new President and Chief Executive Officer. He will take charge from January 13, 2020. At the same time, Mark Parker, CEO since 2006 and Chairman, President & CEO since 2016, will become Executive Chairman and continue to lead…
Javier Soltero to Lead Google’s G Suite Business, was earlier taking care of Cortana at Microsoft Google has hired former Microsoft Executive Javier Soltero to run its G Suite business, that includes Gmail, Google Docs, Google Drive and other productivity apps. Soltero will join as Vice President of G Suite, which is a new role…
“BSNL and MTNL are strategic assets of India. Neither they will be closed nor being disinvested. We want to make them competitive and bring professionalism.” – Telecom MinisterThe Union Cabinet has approved the merger of two state-owned telecom companies BSNL and MTNL, where MTNL will act as a subsidiary of BSNL. The cabinet also laid…
Hexagon AB, the Swedish technology group is planning to open an AI (Artificial Intelligence) Community Centre in Hyderabad next year. The center would be opened by Hexagon Capability Center India (HCCI) in collaboration with NASSCOM. HCCI is the research and development unit of Hexagon AB. The company had recently conducted ‘Hexathon’, a 24-hour hackathon, and…
J.P. Morgan, an American multinational investment bank and financial services, has announced to invest USD $25 million to help low- and middle-income communities in India to develop the skills needed by the country’s workforce in the future. The firm will support skills training and career education programs to equip people in India for careers in…
Toilet Hygiene Brand PeeSafe has raised Rs 30Cr in Series A led by Alkemi Growth Capital. It was founded by Vikas Bagaria. Last year the company had raised about $1 million from a group of investors including Rahul Maroli from Ola, Mitesh Shah from BookMyShow. Earlier, in 2017, the company received investment from Venture Catalyst.…
“Hunar haat”, an initiative by Ministry of Minority Affairs , will provide lakhs of employment opportunities to Artisans, craftsmen & traditional culinary experts in the next 5 years. Minister for Minority Affairs Mukhtar Abbas Naqvi has said that the Ministry of Minority Affairs has decided to organise about 100 “Hunar Haat” in the next five…