KKR Capstone, an important driver of value creation for KKR and KKR portfolio companies today announced the appointment of Ananya Tripathi, former Myntra Chief Strategy Officer, as the Director of KKR Capstone in India, effective from January 2019. KKR Capstone has over 90 team members globally, with more than 20 based in Asia, made up of…
Accenture, the global management consulting and professional services firm, on Sunday, announced the acquisition of DAZ Systems, Inc., a provider of Oracle ERP Cloud services. Headquartered in El Segundo, California, DAZ was founded in 1995. “DAZ has extensive experience implementing Oracle Cloud solutions, which complements Accenture’s established credentials across the Oracle Cloud portfolio,” said Bhaskar Ghosh,…
Amazon, the American e-commerce giant and cloud computing company has decided to open a new office in Manchester and will be creating more than 1000 jobs in the fields of research and development in the UK. The new Manchester office will be house at least 600 new employees working on software development, machine learning and research and…
Paytm, the Indian e-commerce payment system and digital wallet company based out on Noida announced on Monday that the firm has launched a QR based smartphone payment service in Japan called PayPay. Paytm has launched the service in collaboration with SoftBank Corp and Yahoo Japan Corporation. With the newly developed service, users can store money from…
Tata Consultancy Services Limited (TCS), the Indian multinational information technology service, consulting company has decided to restructure its industry solutions units (ISUs), giving almost 200 employees control of them and quarterly target goals as it looks to free up senior executives to focus on long-term strategy. Earlier in 2008, TCS broke up its business into smaller…
Reliance Industrial Investments and Holdings Limited, a wholly owned subsidiary of Reliance Industries Limited, on Wednesday announced that it has successfully acquired 12.7% shareholding in SkyTran Inc. Founded in 2011, SkyTran, Inc. is a venture capital and private office funded high technology company focused on advanced transportation solutions. “Reliance has made a strategic investment into…
Facebook Inc. which has been facing several criticisms for the past few years has hired the former UK deputy prime minister, as its head of global policy and communications. Clegg, 51, will be succeeding Elliot Schrage. The Social media giant has been facing severe political pressure over issues such as data scandals, spreading fake news, and the…
Hospitality firm OYO on Thursday announced its launch in Indonesia after entering into the markets of UK and Dubai this year. Starting operations with over 30 exclusive hotels and more than 1,000 rooms in three cities — Jakarta, Surabaya, and Palembang — the company is ready to offer benefits of its hospitality experience to asset…
ABB, the Swedish-Swiss multinational corporation headquartered in Zurich, Switzerland, operating mainly in robotics, power, heavy electrical equipment and automation technology areas announced today that the firm had won an order worth Rs 115 crore from Indian Railways to supply traction transformers. The order has been awarded by Diesel Locomotive Works, Varanasi, ABB said in a…
Mahindra and Mahindra Ltd and Ford India Pvt. Ltd. have signed two definitive agreements on powertrain and connected car solutions on Wednesday, thereby strengthening their strategic alliance that started in September last year. The companies have also signed five Memoranda of Understanding (MoU) earlier this year in March 2018. Under the definitive agreement on powertrain sharing, Mahindra…
Ola-owned food ordering and food delivery firm Foodpanda has acquired Mumbai-based cloud kitchen venture Holachef for an undisclosed amount. As a part of the acquisition, Foodpanda will take over Holachef’s employees and kitchens. Saurabh Saxena and Anil Gelra the founders of Holachef will be joining the leadership team of Foodpanda. With this deal, Foodpanda will be stepping…
Additional Solicitor General Tushar Mehta was appointed as the Solicitor General of India by the central government on Wednesday. The place was vacant since the resignation of senior advocate Ranjit Kumar. He announced his resignation on October 20 last year and the government accepted it by December. The Appointment Committee of the Cabinet (ACC) has…
Farmers Fresh Zone, an agricultural startup based on Kochi announced that it has received an undisclosed amount in the seed round of funding from Indian Angel Network, IAN fund, Malabar Angels and angel network NativeLead. Farmers Fresh Zone is an innovative startup by Pradeep PS, a computer science engineer from Calicut University. FarmersFZ helps farmers to sell vegetables, fruit,…
Tractors and Farm Equipment Limited (TAFE), India’s second largest tractor maker by volumes will try to invest Rs 250 crores in the current financial year to increase its installed capacity by 50,000 tractor units at two of its manufacturing locations in India. TAFE is planning these expansions in its facilities at Bhopal and Doddaballapur. The company…
The Completion Commission announced on Monday that it has approved the acquisition of Star Health and Allied Insurance Company by Safecrop Holdings. Safecrop Holdings, an association formed by WestBridge AIF, investor Rakesh Jhunjhunwala and Madison Capital, signed definitive agreements with the shareholders of Star Health to acquire the shares of the private health insurer in August.…