Jason Kothari, president of the e-commerce company Infibeam Avenues, has quit the company, in less than five months due to personal reasons. “We wish to inform you that Mr. Jason Kothari who is serving the Company as a President has informed the Company that he is required to spend more time abroad due to personal reasons.…
Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, today announced its acquisition of W12 Studios, an award-winning digital design studio based in London. This the first acquisition of India’s largest IT services company in about four years. The company, however, did not disclose the financial details of the deal. This…
Bajaj Electricals Ltd, a part of the Rs 380 billion Bajaj Group, on Thursday announced the appointment of Anuj Poddar as the Executive Director of the organization for a term of 5 years, effective immediately. Bajaj Electricals Ltd is an Indian consumer electrical equipment manufacturing company based in Mumbai, Maharashtra. As a part of his…
Nira, Bangalore based fintech startup that provides small value credit to consumers with limited access to traditional modes of finance, has raised $1 million in seed funding from angel investors based in India and the United Kingdom. The firm will use the fundings to accelerate building out the core team and technology to drive the…
Schaeffler Group, the German-based manufacturer of rolling element bearings for automotive, aerospace and industrial uses, has planned to invest an additional Rs 1,000 crore in its Indian operations over the next three years. Recently, the firm completed its merger with Ina Bearings India and LuK India, which was announced back in August 2017. The firm is…
Wishup, a Virtual assistant startup is planning to hire 400 people on board in next twelve to sixteen months. The global strength of the company will be around 500 after this hiring. The startup was founded by Neelesh Rangwani and Vivek Gupta, it provides small businesses remotely based trained people who do tasks like sales, digital marketing,…
National Investment and Infrastructure Fund (NIIF), India’s first sovereign wealth fund announced that it has acquired IDFC Infrastructure Finance (IDFC-IFL), an infrastructure debt fund. This acquisition is the first investment from NIIF’s strategic fund. The acquisition is subject to approval from RBI and customary closing conditions. The company has a loan book of more than Rs…
GE Power India Ltd. today announced that it has been awarded four orders by NTPC Limited to supply and install Wet FGD systems for a combined value of INR 1783 crore (USD 247 million). The four power plant projects are:• Solapur Super Thermal Power Project – 2×660 MW,• Tanda Super Thermal Power Project Stage-II –…
Sentieo, an investment research software company that uses AI to scan financial documents, analyze alternative data sets and create visualizations has raised $19 million (about Rs 140 crore) in its Series A round of equity financing that was led by growth equity firm Centana Growth Partners. The firm’s existing investors had also participated in the round.…
India’s first ever performance wear fashion brand Turms which sells stain repellent, odor-resistant daily wear has raised Rs 6.3 crore from angel investors. The round was led by Freshworks founder Girish Mathrubootham, former Reliance Retail Lifestyle president Bijou Kurien, Pepperfry founder Ambareesh Murty, OneAssist founder Subrat Pani, and former Flipkart executive Mekin Maheshwari. Turms will use these…
Earlier this year Microsoft Corporation, the American multinational technology company with headquarters in Redmond, Washington announced that it’s acquiring GitHub for $7.5 billion. On Friday Microsoft confirmed the deal is completed. GitHub is a leading software development platform which brings more than 31 million developers to create, collaborate, share and build on each other’s work. Nat…
State Bank of India, the Indian multinational, public sector banking and financial services company announced a joint venture with payments solution provider Hitachi Payment Services India for the establishment of the latest card acceptance and future-ready digital payment platform for India. SBI will hold the majority of stake in this JV, the bank said in a release. The…
International Business Machines Corporation, the American multinational IT company headquartered in Armonk, New York, with operations in over 170 countries announced on Sunday that it had agreed to acquire U.S. software company Red Hat Inc. in a deal valued at $34 billion. As a part of the Acquisition, IBM will be acquiring all of the issued and…
JSW Group, one of India’s largest business conglomerates led by Sajjan Jindal has hired Rakesh Srivastava, the former director for sales and marketing at Hyundai Motor India, as the firm is trying to enter into the electric vehicles industry. Though there is no official confirmation from both sides, a senior executive at JSW Energy confirmed the move…
Mr. Indranil Mittra has joined as Director (Finance) of NRL. Prior to his joining, he was holding the position of Chief General Manager (Finance) of NRL. Mr. Mittra – a qualified CA & ICWA and a PG Diploma Holder from S P Jain Institute of Management & Research, Mumbai is a hardcore finance man with…