Canvera.com, India’s leading online photography company, today announced that Info Edge, owner of Naukri.com, made an investment of $6.5M (Rs35CR) in the company. Info Edge has made a number of investments previously in companies such as Zomato, Meritnation, MyDala, PolicyBazaar, 99labels etc but this is their largest investment to date. “The Canvera team has…
Category: News
Sify Appoints Kamal Nath as Chief Executive Officer
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Sify Technologies Limited (NASDAQ Global Markets: SIFY), a leader in Managed Enterprise, Network and IT Services in India with growing global delivery capabilities, announced the appointment of Mr. Kamal Nath as Chief Executive Officer. Commenting on his appointment, Mr. Raju Vegesna, Chairman & Managing Director, said “Kamal has led various transformational engagements with large enterprises,…
Appointments and Exits in Automobile Sector
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Hyundai Motors: Hyundai Motor India has elevated R. Sethuraman, Senior Vice-President – Finance and Corporate Affairs, as a member of the board. He will continue to handle Finance and Corporate Affairs function at the company and would also act as a trustee of Hyundai Motor’s Corporate Social Responsibility arm Hyundai Motor India Foundation. R Sethuraman,…
CP Gurnani appointed as the Managing Director of Tech Mahindra
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CP Gurnani has been appointed as the Managing Director of Tech Mahindra, in the company’s Board meeting which was held in Mumbai on August 10, 2012. He has played a pivotal role in the three year transformational journey of Mahindra Satyam and is spearheading the eventual merger with Tech Mahindra. "From establishing Tech Mahindra as…
Aon Hewitt Survey (of US Companies) Shows Marginal Rise in Salary Increases in 2012
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LINCOLNSHIRE, Ill., Aug. 13, 2012 : A new survey by Aon Hewitt, the global human resources solutions business of Aon plc (NYSE: AON), reveals that salaries for U.S. workers continue to rise incrementally as concerns remain about the stability of the global economy. However, workers have the potential to offset low base pay increases through…
Cairn India appoints Sudhir Mathur as CFO
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Cairn India has announced the appointment of Mr. Sudhir Mathur as Chief Financial Officer (CFO) & Member Executive Committee, marking a culmination of Cairn India’s extensive search process. Sudhir joins Cairn India in early September 2012 from Aircel Cellular Ltd., where he was the CFO and responsible for Strategy, Finance, Supply Chain Management and Regulatory…
Rahul Dhir, to step down as MD & CEO of Cairn India
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The Board of Cairn India has announced that Mr. Rahul Dhir has decided to step down as Managing Director and Chief Executive Officer of the Company effective 31 August, 2012 to pursue his entrepreneurial interests. The search for Mr. Dhir’s successor is underway and an announcement is expected soon. During this intervening period, the Board…
India Innovation Fund invests in IIT Bombay research spin-off specializing in personalized analytics
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Bengaluru, Karnataka, August 9, 2012: iKen Solutions Private Limited (www.ikensolutions.com), an IIT Bombay research spin-off has received funding from India Innovation Fund (IIF) (www.indiainnovationfund.in). Co-promoted by Dr.Rajendra M. Sonar, a professor at IIT Mumbai and serial entrepreneur Siddharth Goel, iKen Solutions has developed Mooga, a state-of-the-art hybrid artificial intelligence analytics framework for personalization at the…
Aircel Appoints Kaizad Heerjee as COO
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Aircel, has appointed Dr Kaizad Heerjee (ex CEO from U Mobile, Malaysia) as the company’s COO. The leadership position was vacant for past few months, post the exit of Gurdeep Singh (he has recently taken over as President & CEO for Reliance Wireless Business). Aircel is the country’s fifth-largest telecom company, with over 60 million…
Publicis Groupe Acquires Resultrix, India’s Leading Performance Marketing Agency
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PARIS, August 7, 2012: Publicis Groupe announced today the acquisition of Resultrix, an award winning digital marketing agency with an international footprint in India, Singapore, the UAE and the USA. This acquisition strengthens both Publicis Groupe’s presence in India as well as its digital dominance. Resultrix was founded in 2008 and has aggressively grown to…
Appointments at Ingersoll Rand–Arun Dogra, Ravi K Dhulipala
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Arun Dogra, has been appointed as Vice President & Business head for Ingersoll Rand – Security Technologies, effective July 2012. He would be responsible for leading the security technologies business for the company in India. Earlier , Arun was with Agilent Technologies as their Country Head & VP – Sales & Marketing. He has…
LIQVID Secures $ 3M in Funding from Subsidiary of SBI Holdings, Japan
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LIQVID, an integrated eLearning content solutions company specializing in English Language Training (ELT), has raised funding from a subsidiary of SBI Holdings, Japan. SBI Holdings is one of the largest PE/VC firms in Japan, with more that USD 3 Billion under management. Following this investment, Brijesh Pande, board member at SBI Ven Capital, Singapore is…
WNS Expands Global Capability Adding Delivery Center in Poland
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Gdynia, Poland, Wednesday, August 01, 2012: WNS (Holdings) Limited (WNS) (NYSE: WNS), a leading provider of global Business Process Outsourcing (BPO) services, today announced the opening of its new delivery center located in Gdynia, Poland. A ceremony held today at City Hall to announce the launch of the new center was attended by Polish dignitaries…
Toshiba Tec and IBM Announce Initial Closing of Acquisition of IBM’s Retail Store Solutions Business and Formation of Toshiba Global Commerce Solutions
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TOKYO and ARMONK, N.Y., Aug. 1, 2012 : Toshiba Tec Corporation (TSE: 6588) and IBM (NYSE: IBM) today announced the initial closing of the transaction in which Toshiba Tec will acquire IBM’s Retail Store Solutions (RSS) business. The agreement was announced on April 17, 2012. Toshiba Tec has established Toshiba Global Commerce Solutions Holdings Corporation,…
Google buys Wildfire for $ 250 Million
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Google, has acquired four year old Wildfire Interactive, a social media venture for a reported $ 250 Million. The venture was co-founded by New Zealand based entrepreneurs, Victoria Ransom and Alain Chuard. The wildfire technology was developed in 2008, when Victoria and Alain ran a New Zealand-based adventure travel company, and ended up working…