Mercer, a global consulting leader in advancing health, wealth and career and a wholly-owned subsidiary of Marsh & McLennan Companies, Inc, today agreed to acquire Mettl, a leader in cloud-based technology and data sciences-driven talent assessments, based in India. According to Ilya Bonic, Global President of Mercer’s Career line of business, the acquisition marks Mercer’s…
TCL Corporation, a Chinese multinational electronics company headquartered in Huizhou, Guangdong Province, is planning to invest Rs 2,000 crore in its newly proposed manufacturing facility at Tirupati, Andhra Pradesh in the first phase, according to an ET post. TCL expects to start manufacturing from the first unit in India by October 2019. The unit will…
Regal Beloit Corporation is a manufacturer of electric motors headquartered in Beloit, Wisconsin. Mr. Jonathan J. Schlemmer, Chief Operating Officer of Regal Beloit Corporation, inaugurated Regal’s new manufacturing plant at Ahmedabad, on October 4, 2018. The new facility is located in Gallops Industrial Park, Changodar, Ahmedabad. The state-of-the-art manufacturing plant will produce 3 Phase High Efficiency and…
Qualcomm Incorporated, the American multinational semiconductor and telecommunications equipment company has announced on Saturday that the company is planning to open its largest campus outside the US in Hyderabad. The Company’s officials Shashi Reddy, Vice President (Engineering) and Chandra Shekar Kumili, Director (Operations) met IT and Industries Minister KT Rama Rao on Saturday to discuss…
Ford Motor Company, the second-largest American multinational automaker headquartered in Dearborn, Michigan has announced on Friday to its 70,000 salaried employees that they will face unspecified job cuts globally as part of the automaker’s $11 billion restructuring. On July 25, Ford’s Chief Executive Officer Jim Hackett announced that the company is planning on a restructuring but,…
Srinivasan Swamy, Chairman of the R K Swamy Hansa Group, has been unanimously elected as the Chairman and World President of the International Advertising Association (IAA), the first Indian ever to do so. Swamy will take over the reins from legendary advertising professional Felix Tataru in Bucharest, Romania and he will stay in this post for…
Healthcare platform MedAchievers is joining hands with Venture India, a leading sub-continent business consultancy, to launch a USD 100 million fund ‘MedAchievers Connect’ to fund cutting-edge research in healthcare in India. Resources say the funding will primarily be used for research and development, which includes sports medicines. Venture India was founded by Michael Kasprowicz, a former…
Bharti Airtel Limited, the Indian global telecommunications services company announced on Wednesday that the firm has acquired AuthMe, a Bangalore based AI-Startup, without disclosing the transaction amount. As part of the deal, the core team of AuthMe will join Airtel and be a part of Airtel X Labs in Bengaluru…In addition, Airtel has acquired the…
Tata Consultancy Services has offered to double the pay for freshers with new-age skills than it normally pays those coming out of campuses. The firm had earlier announced that it will be conducting a new online test known as National Qualifier Test (NQT) to hire engineers, quitting the usual way of campus placements. The entry-level salary…
Chanda Kochhar, 56, the Chief Executive Officer and Managing Director of ICICI Bank has left the firm today after her early retirement plea has been accepted by the firm. Post-retirement benefits of Ms. Kochhar will be “subject to the outcome of the inquiry”, ICICI said in a statement. ICICI has named Sandeep Bakhshi as the new CEO and…
Facebook on Monday announced Adam Mosseri, Vice President of Product, will be taking position as the new Head of the photo-sharing app Instagram following the resignation of its founders Kevin Systrom and Mike Krieger. Adam Mosseri was earlier leading the news feed division of Facebook, one of the most important products of Facebook. His appointment will take…
Sridhar Ramaswamy, Advertising Chief of Google has ended his 15 years relationship with the company to join Greylock Partners as a venture partner. Prabhakar Raghavan, head of Google’s business-applications unit, will step into his role. In 2003, Sridhar joined the ads team, at that time the revenue of ads group was $1.5 billion. He was…
General Electric announced today that H. Lawrence Culp, Jr. has been named Chairman and Chief Executive Officer of the Company by a unanimous vote of the GE Board of Directors, effective immediately. Additionally, the GE Board has appointed Thomas W. Horton as Lead Director. Mr. Culp and Mr. Horton have been members of the Board…
The Indian government has taken the control of the debt-ridden Infrastructure Leasing & Financial Services (IL&FS). As a start, the government filed an application with the National Company Law Tribunal (NCLT) to dismiss the current board of IL&FS. The government thought it would be detrimental to run the firm with its current directors. The petition filed was…
Indian born economist Gita Gopinath has been appointed as the Chief Economist of International Monetary Fund by IMF Managing Director Christine Lagarde. Gita will be replacing Maury Obstfeld. He announced that he will be retiring at the end of 2018 in July. She currently serves as the John Zwaanstra Professor of International Studies and Economics at…