Armanino LLP (Armanino), an accounting and consulting firm, announced it has hired accounting industry veteran, Shrenik Shah, as Managing Director. This hiring will directly support Armanino’s ambition to provide clients with a global talent pool and act as the anchor in the firm’s India office. Shah joined in January and is now spearheading the India office…
Aeria, a tenant experience and asset management platform for commercial real estate, has raised $1.8 million in pre-seed funding led by Kalaari Capital and Foundamental along with AC Ventures, AL Trust among others, according to ETtech report. Founded by former co-founder of OxfordCaps, Priyanka Gera accompanied by IIM alum Piyush Kateja, Aeria uses technology and…
KKR, a global investment firm, announced the launch of its Global Wealth Investment Council (“GWIC”). Comprised of ten experts from leading wealth management firms around the world, the GWIC is designed to serve as a forum for constructive dialogue and knowledge exchange on the topics of macroeconomics, capital markets, asset allocation and the role of private markets…
Canva, the world’s only all-in-one visual communication platform, announced the acquisition of Affinity, the award-winning creative software suite for professional photo editing, illustration, graphic design and page layout. The acquisition significantly bolsters Canva’s vision to build the world’s most comprehensive suite of visual communication tools. While the last decade has seen rapid growth for Canva amongst…
SmartBear, a leading provider of software development and visibility solutions, is increasing its investment in India as the market potential for software development solutions in the region continues to expand. SmartBear launched a new DevOps Academy, a best-in-class DevOps training program in Bangalore to prepare entry-level participants with the hands-on skills and confidence to be…
In a strategic move towards bolstering its technological capabilities and expanding its reach in the market, Arapl RaaS has recently secured significant funding of Rs 38 crore from its parent company ARAPL (Affordable Robotic and Automation Limited). This infusion of capital comes as part of a larger rights issue totalling Rs 48 crore, indicating strong…
Gland Pharma Limited announced the appointment of K Raghuram Chandra Rao, VP (Quality Assurance), as Head – Quality of the company, with effect from March 30, 2024. K.V.G.K. Raju would cease to be the Chief Technical Officer and Head of Quality of the Company with effect from 29th March, 2024; due to his superannuation. K…
Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest ports and logistics company, has entered into a definitive agreement to purchase the 56% stake of the SP Group and 39% of Orissa Stevedores Limited (OSL) in Gopalpur Port Limited (GPL). The acquisition is made at an enterprise value of INR 3,080 crore, and the…
All India Cycle Manufacturers’ Association (AICMA), the apex body representing India’s cycle manufacturing industry, announced the appointment of Aditya Munjal, CEO, Hero Cycles as its President for 2024 to 2026. During the course of his presidency, Munjal will work closely with both industry and policy stakeholders with the aim of establishing India as a major…
Tejas Networks announced that it has signed a Memorandum of Understanding (MoU) with Telecom Egypt (TE), ITIDA (Information Technology Industry Development Agency) and NTI (National Telecom Institute) to replicate its experience of implementing Bharatnet (Rural Broadband Project) and NKN (National Knowledge Network) projects in Egypt. Other broad areas of cooperation include capacity building of Egyptian…
Accenture has completed the acquisition of Mindcurv, a cloud-native digital experience and data analytics company specializing in composable software, digital engineering and commerce services for more than 200 clients worldwide. With this acquisition, Accenture Song—the world’s largest tech-powered creative group—will further expand its commerce services for clients globally, a statement said. The acquisition of Mindcurv previously…
Union Bank of India Limited, a leading PSU lender, announced the resignation of Rajnish Khare as Chief Digital Officer (CDO) of the company. According to the Bank’s exchange filing, “In terms of Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that Shri Rajnish Khare, Chief…
Fintech platform Yenmo, which provides instant loans against mutual funds, has raised $500,000 in a seed funding round led by US-based startup accelerator Y Combinator, according to ETtech report. Founded by Aryan Agarwal and Ashutosh Purohit, Yenmo enables its users to borrow against their investments at a flat 10.5% interest rate. Investors can view all…
BlackSoil, an alternative investment platform, announced the appointment of Somaira Khan as Senior Vice President – Human Resources, according to ETHRWorld report. Khan comes with 15 years of HR experience. Previously, she worked at Emirates National Bank of Dubai, Avista Advisory, True North and Michael Page. BlackSoil has also appointed Aditya Sarda and Vaibhav Nigam…
Bentley Systems, Incorporated, the infrastructure engineering software company, announced that effective July 1, 2024, Greg Bentley will transition from Bentley Systems’ CEO to Executive Chair of its Board of Directors. Nicholas Cumins, currently COO, will then be promoted to CEO, and be proposed to join the Board of Directors. The announcement was made during the opening event…