HSBC (The Hongkong and Shanghai Banking Corporation) Holdings Plc plans to lay off up to 10,000 staff jobs globally ( as per a Financial Times report.) These job cuts are seen as an outcome of shifts in the global banking sector, falling interest-rates, trade war between China and the United States and uncertainties stemming from…
Info Edge (India) will be investing about Rs 35 crore in Greytip Software, a provider of cloud HR and payroll software solutions. Greytip was founded in 1994 and started focusing on software as a service (SaaS) in 2011. It has over 9,000 customers spread over 150 cities in India and the Middle East. A number…
DB Corp (DBCL), India’s largest print media company and home to flagship newspapers, Dainik Bhaskar, Divya Bhaskar, Divya Marathi, appointed Pathik Shah as the Chief Executive Officer for DB Digital, its digital products business. Pathik will be responsible for driving the digital business at Dainik Bhaskar. Prior to joining Dainik Bhaskar, Pathik was associated with…
India’s leading Hospitality unicorn OYO Hotels and Homes is on way to raise USD 1.5 billion in its latest latest round of funding. This round will be directed at its expansion in the US and towards strengthening its vacation rentals business in Europe. The Series-F funding will involve an infusion of approx. USD 700 million…
Last week during the HP’s 2019 Securities Analyst Meeting (“SAM”), the company provided details on its strategy and opportunities for long-term growth, along with its financial outlook for fiscal 2020. HP Inc. announced a fiscal year 2020 restructuring plan to simplify its operating model and become a more digitally enabled company. The company expects to…
Bounce, the bike rental startup founded in 2014 is on way to raise its next round of funding which is expected to be in the range of $ 125 – $ 150 Mn. The company was founded in 2014 by Vivekananda HR, Varun Agni, and Anil G, and has been a key player in the…
Rockwell Automation (NYSE: ROK) and Schlumberger (NYSE: SLB) has announced the closing of their previously-announced joint venture, Sensia, the oil and gas industry’s first digitally enabled, integrated automation solutions provider. The joint venture leverages Schlumberger’s deep oil and gas domain knowledge and Rockwell Automation’s rich automation and information expertise to address this fast-growing market. “Sensia…
Hilton, the leading global hospitality company, has been named as one of the World’s Best Workplaces by Fortune magazine and Great Place to Work. For the second consecutive year, Hilton has ranked #2 on the list of the top 25 companies and remains the only hospitality company on the list. Over the past four years,…
MSCI Inc., a leading provider of critical decision support tools and services for the global investment community, has announced that its subsidiary MSCI Barra (Suisse) Sàrl has completed its acquisition of Zurich-based environmental fintech and data analytics firm specializing in climate change scenario analysis, Carbon Delta AG (“Carbon Delta”). The agreement was originally announced on…
Flex GBS (Global Business Services) India has been named as one of the Top-20 Most Admired Shared Services Organizations in 2019 by SSON Analytics, the global data analytics center of the Shared Services & Outsourcing Network (SSON). Flex GBS India is staffed by more than 5,000 employees and provides centralized services in the areas of…
HireRight, one of the leading employment screening and verification company with a presence in over 200 countries, has announced the acquisition of J-Screen and PeopleCheck, the leading background screening providers based in Tokyo, Japan, and Newcastle, Australia. HireRight, headquartered in Irvine, CA, is one of the leading providers of global employment background checks, drug testing,…
Rockwell Automation Inc. has announced a senior leadership transition in its Operations and Engineering services. Rockwell Automation Inc. headquartered in Milwaukee, Wis. is one of the leading businesses in the field of industrial automation and information. Ernest Nicolas, currently vice president, global supply chain, has been promoted to senior vice president, Operations & Engineering Services,…
Philip Morris International Inc. has earned four prestigious honors in the 2019 Golden Bridge Business and Innovation Awards®, the world’s premier “Business Awards” program honoring achievements in every industry around the world. More than 150 judges from a broad spectrum of industries participated in the 11th annual awards with their average scores determining the winners.…
Jindal Steel and Power Ltd (JSPL) on Wednesday announced the appointment of Sudhanshu Saraf as Chief Executive Officer of its steel business with immediate effect. His appointment comes a day after the company announced the elevation of Naushad Akhter Ansari from his previous position as CEO (steel business) to Joint Managing Director of JSPL. “We welcome…
Ratnakar Bank Limited, a scheduled commercial bank headquartered in the Mumbai region of Maharashtra, today announced the appointment of Pankaj Sharma as Chief Operations Officer. Pankaj will oversee the bank’s operations and corporate services function. He would be reporting to R. Gurumurthy, Head of Risk & Governance at the Bank. Previously, he was working with Axis…