Moglix, the Ratan Tata-backed B2B e-commerce start-up, is looking to expand to Eastern India, starting with Kolkata in West Bengal. The company currently has 10 warehouses across 8 cities including Delhi NCR, Kolkata, Chennai, Pune, Ahmedabad, Mumbai, Aurangabad, and Pantnagar. With the further expansion, the company has ambitious plans to increase its hiring by 30…
In the startup world, food tech is once again gaining a hotspot. We have seen some closures in the past – TinyOwl, Yumist ( merged with Roadrunnr, to form Runnr which was acquired by Zomato in 2017) being the well known ones. We have also had new businesses experimenting with business models beyond food delivery. …
Updated: 20th September: Reliance Jio has announced the appointment of Shyam Prabhakar Mardikar, as the CTO for Mobility business. This update is based on an internal communication released by Jio announcing the appointment. Our Earlier Coverage: Shyam Prabhakar Mardikar, ex Airtel, is expected to join as Group Chief Technology Officer for Reliance Jio*. This position was…
Taranjeet Singh, Country Director, Twitter India has decided to step down from the company. Balaji Krish the company’s global head of revenue strategy and operations has been named as the interim country head. Before joining Twitter, he was Sales Director, South Asia for BBC Advertising and handled the commercial operations for BBC News. Earlier he…
Manipal Academy of Higher Education, Manipal and Florida International University (FIU), USA signed a Memorandum of Understanding to provide quality collaborative learning opportunities for its students and promote academic research. The MoU was signed by Dr. Raghu Radhakrishnan, Director International Collaborations and Dr. Sandeep Shenoy, Prof and Head, Department of Commerce for MAHE and for FIU, Dr.…
WPP has announced the appointment of Mark Read as Chief Executive Officer and his appointment to the Board of WPP as an Executive Director.Prior to this, Mark has held multiple leadership positions across the company, including 9 years as an Executive Director of WPP plc., 12 years, as Head of Strategy and then as CEO…
Wipro Limited one of India’s leading information technology, consulting and business process services company has won a 10-year engagement to provide a comprehensive suite of solutions and services to Lincolnshire, Illinois-based Alight Solutions LLC, a leader in technology-enabled health, wealth, HR and finance solutions. This deal will result in revenues of USD $1.5 to $1.6…
Vodafone Idea Limited is now India’s largest telecom company with 408 million active users. This merger is the outcome of revenue pressure, churn that the telecom industry has been facing considering falling rates as a result of Reliance Jio’s aggressive launch and growth over last 2 years. The merged entity has a new Board of…
The Conference Board’s latest survey on job satisfaction finds that 51 percent of U.S. employees feel overall satisfied with their job. The results also show that, over the last seven years, employee attitudes about wages and job security experienced the biggest improvements. However, workers feel quite disappointed with their job’s professional development aspects – a…
Binoy Kumar, IAS (TG:83), from Telangana Cadre has taken over as Secretary, Ministry of Steel, Government of India. He succeeds Aruna Sharma, IAS from MP Cadre post her superannuation. He had been posted as Officer on Special Duty in the Ministry since 21st May 2018. Prior to this, he held the post of Special Secretary, Logistics, in…
Vedanta Resources Plc (“Vedanta”) has appointed Srinivasan Venkatakrishnan as the Chief Executive Officer (CEO) of the company with effect from August 31, 2018. He has also joined the company’s Board of Directors. Srinivasan Venkatakrishnan is a qualified Chartered Accountant and he has finished his B.Com degree in the University of Madras. Commenting on the appointment of…
Tesla and Elon Musk both have agreed to pay $20 million to financial regulators each and the billionaire will step down from the chair of Tesla for three years after reaching a deal with the US financial regulator over tweets he made about taking the firm into private ownership. Under the settlement, Musk would remain as…
The Coca-Cola Company has reached a definitive agreement to acquire Costa Limited from from parent company Whitbread PLC in a deal valued at $5.1 billion ( £3.9 billion ). Costa was founded in London in 1971 and has grown to become a major coffee brand across the world. Whitbread acquired Costa in 1995, from its founders Sergio and Bruno…
In earlier rounds Planday had landed investment of $ 14 million in Series B in March 2016, led by Indivest with participation from Creandum. The Series A funding of $ 3.75 Million was lead by Creandum.Planday, a workforce collaboration platform founded in 2013 by Anders Frederiksen, and Mikkel Lomholthas has closed its Round C fundraising…
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 01.07.2018 representing an increase of 2% over the existing rate of 7% of the Basic Pay/Pension, to compensate for price rise. These…