Online food delivery platform Zomato has raised another $210 million in funding from Ant Financial, the financial arm of Alibaba Group. Info Edge disclosed in a stock exchange filing on Friday that it’s ownership in Zomato will fall from 30.91% to 27.68% as a result of the infusion from Alipay Singapore Holding Pte. Ltd or other…
ICICI Bank Limited, the Indian multinational banking, and financial services company headquartered in Mumbai, today announced that the firm received the approval of RBI for the appointment of Sandeep Bakshi as Managing Director and CEO of the bank for three years. This appointment came when ICICI accepted the early retirement plea of Chanda Kochhar, ICICI Bank’s former MD…
Cloudera, Inc., the modern platform for machine learning and analytics optimized for the cloud, has appointed Vinod Ganesan as Country Manager for India. Vinod will drive Cloudera’s growth in the region, expand its customer base and help organizations enhance the measurable benefits of big data through machine learning and analytics. Vinod has over 20 years…
Wipro Limited, today announced the launch of its Innovation and Talent Hub in Reading, reinforcing the company’s commitment to develop talent and strengthen STEM skills in the United Kingdom. The multifunctional hub will be a center of excellence for ‘Ascent’, Wipro’s talent development programme launched in 2017, to train UK-based computer science graduates and degree…
Innov8 Coworking, the Y-Combinator backed workspaces and community startup, on Thursday announced that the firm had raised USD 4 million funds to expand its business and double its seating capacity to 8,000 by March next year. Innov8 was started in 2015 by Ritesh Mallik. It currently has 13 coworking spaces in the National Capital Region…
Harley-Davidson, Inc., or Harley, the American motorcycle manufacturer, on Friday, announced the appointment of Sajeev Rajasekharan as Managing Director of company’s India operations. He will be based out of Harley-India’s Gurgaon-based headquarters. Prior to this, Sajeev was the executive vice-president of Suzuki Motorcycle India. He has also worked across many consumer durable companies including Panasonic, Electrolux, Samsung…
Amway, the American company specializing in the use of multi-level marketing to sell health, beauty, and home care products has announced Milind Pant as its Chief Executive Officer. Milind comes to Amway from Yum! Brands where he was recently appointed as President of Pizza Hut International, leading the international division through growth across Asia, India, and…
Sunil Bhaskaran, a Tata Steel veteran will take over as Air Asia India’s new Chief Executive and Managing Director. Bhaskaran, is currently the Vice President – Corporate at Jamshedpur based Tata Steel and will take charge at Air Asia from November 15th. Bhaskaran has been selected by N Chandrasekaran, chairman of Tata Sons to lead…
Tata Consultancy Services (TCS), a leading global IT service, consulting and business solutions organization, has been named a Microsoft Azure Expert Managed Service Partner (MSP) by Microsoft. This new designation recognizes TCS’ proven expertise in delivering the highest quality of service on Azure and builds on its status as a Microsoft Gold Competency partner. Microsoft…
Following the disastrous fire accident in SAIL’s Bhilai Steel Plant, Chhattisgarh, the CEO of the plant M Ravi was fired today. Along with him, T Pandya Raja, general manager (safety) and Naveen Kumar, deputy general manager (energy) were also suspended. Nine people had died and 14 others were injured in the gas pipeline blast, Tuesday.…
Cognizant, a multinational corporation that provides IT services, including digital, technology, consulting, and operations services has asked 200 of its senior level employees to resign their job. The reason behind firing is believed to be Cognizant’s focus on “newer digital requirements”, the Times of India reported, adding the company would bear around $35 million in…
VE Commercial Vehicles Ltd. (VECV) the joint venture between the Volvo Group (Volvo) and Eicher Motors Limited (EML) has announced that the JV will invest in a new plant in Bhopal for of Rs 400 crore. “The Madhya Pradesh government has allotted land for the new plant and work to set up this plant is…
Hyatt Hotels Corp. the American multinational hospitality company on Monday announced its interest to buy Two Roads Hospitality for a base price of $480 million. In India, Alila Diwa Goa and Alila Fort Bishangarh are the two properties that belong to Two Roads Hospitality. Through this deal, Hyatt will add 85 properties to its existing portfolio…
Microsoft-owned LinkedIn, the business and employment-oriented service that operates via websites and mobile apps, announced on Monday about the acquisition California-based employee surveying company, Glint. “We will not be disclosing the financial terms of the deal at this time.” the company said in a statement. Daniel Shapero, VP of Talent Solutions, LinkedIn, hinted that the acquisition…
Julius Baer Wealth Advisors (India), the Indian arm of the leading Swiss private banking group Julius Baer, has announced today the induction of 11 relationship managers (RMs) across its offices in Chennai, New Delhi, Kolkata, and Mumbai over a span of nine months. The firm recently appointed Meghna Vaidya in Mumbai and Reetika Srinivasan in Chennai as Senior RMs. Meghna, having worked…