Vinay Kumar has joined McDonald’s North and East Market as the CIO, according to ET report. Prior to this role, Kumar was the CIO at MMG for more than 5 years, where he was leading the technology function for the group across different business verticals, including food and beverages (McDonald’s, Coca-Cola), oil and gas (Hal…
KKR, a global investment firm, announced that Pete Stavros and Nate Taylor have been named Global Co-Heads of KKR’s Private Equity (PE) business. Since 2019, Stavros and Taylor have served as Co-Heads of Private Equity in the Americas. As Global Co-Heads, Stavros and Taylor will work closely with regional PE leadership and teams around the world to support alignment on…
HCL Foundation announced the NGOs selected for the 2023 edition of its flagship program HCL Grant – which supports pioneering work in sustainable rural development in India. HCL Foundation delivers the corporate social responsibility agenda of HCLTech. Three NGOs—Planatearth, Innovators in Health (IIH) India and Meghshala Trust will receive Rs 5 crore (appx. $620,000) each…
KKR, a global investment firm, announced that Johannes Huth, Partner & Head of KKR EMEA, has been named Chairman of EMEA. In his new role, Huth will focus on investing and helping continue to scale the European business he has been instrumental in building over the last 24 years. As Chairman, he will prioritize his…
Marriott International, Inc. announced its organizational structure and executive appointments designed to tap its talented leadership bench and accelerate the company’s growth. “The size and scale of our company is significant, and we expect it to be even more so given the exciting opportunities ahead of us,” said Anthony Capuano, President and CEO, Marriott International. “With the…
Dr. Reddy’s Laboratories SA, wholly-owned subsidiary of Dr. Reddy’s Laboratories Ltd., along with its subsidiaries together referred to as “Dr. Reddy’s”) announced that it has entered into a definitive agreement to acquire the U.S. generic prescription product portfolio of Salisbury, Australia, based Mayne Pharma Group Limited. The portfolio includes approximately 45 commercial products, four pipeline…
Flickstree Productions has been recognized as the Best Affiliate Marketing Platform by the Internet and Mobile Association of India (IAMAI), at 13th India Digital Awards. Flickstree is an AI Powered CONTENT-LED COMMERCE PLATFORM, that generates transactions and sales, using videos. They help consumer facing brands to sell their products or services, thereby bringing real revenues for their…
Solaris Resources Inc. (Solaris), a multi-asset exploration company, announces the appointment of Poonam Puri as an independent Director of the Company, replacing Greg Smith who has stepped down to focus on external roles, effective immediately. Poonam Puri is an experienced corporate director and an internationally recognized scholar of corporate law, corporate governance, and capital markets…
Tega Industries announced that the National Company Law Tribunal (NCLT) has approved its Resolution Plan for the acquisition of McNally Sayaji Engineering Limited (MSEL), as per the order dated 24th of February 2023. This acquisition by Tega represents a decisive initiative towards long-term portfolio (products and services) expansion. This wider portfolio is expected to enhance…
TI Clean Mobility Private Limited (TICMPL), a wholly owned subsidiary of Tube Investments of India Limited (TII), has signed definitive documents with TII, Multiples Private Equity Fund III (Multiples), State Bank of India (SBI) along with other co-investors to raise capital up to Rs. 1950 Cr. in the form of Equity and CCPS. The total…
ABB India announced it has inaugurated its new state-of-the-art factory in Nashik, doubling its Gas Insulated Switchgear (GIS) production capacity. This factory will manufacture primary and secondary GIS. It will serve customers across various industries including power distribution, smart cities, data centers, transport (metro, railways), tunnels, ports, highways and other infrastructural developments. Spread over 78,000…
Tata Consultancy Services (TCS) has been positioned as a Leader in Everest Group’s PEAK Matrix for Open Finance IT Services. According to the report, TCS’ Business 4.0 strategy focusing on the rise of digital technologies across industries drives its Open Finance initiative. It goes on to talk about the open banking influencer program established within…
FreshToHome, the world’s largest fully integrated online consumer brand for preservative and antibiotic-residue free fresh fish and meat, has closed $104 million in Series D funding with Amazon Smbhav Venture Fund leading the round. Existing investors in FreshToHome including Iron Pillar, Investcorp, Investment Corporation of Dubai (the principal investment arm of the Government of Dubai), Ascent Capital and others have also participated in…
SBI Foundation, Microsoft, and the American India Foundation (AIF) through their joint collaboration under ProjectSAMEIP hosted the 4th in a series of round tables, on “Accessibility, Technology, and Career Pathways for Persons with Disabilities”. India is home to 26.8 million Persons with Disabilities (PwDs). While 36% of them are employable, they face enormous physical, attitudinal, and informational barriers to equal opportunities at…
Bentley Systems, Incorporated, the infrastructure engineering software company, announced it has acquired EasyPower, a developer of design and analysis software tools, including arc flash solutions, for electrical engineering professionals. Since its founding in 1984, Portland, Oregon-based EasyPower has innovatively combined graphics-based modeling and analysis in order to make solving complex electrical engineering problems ever more straightforward and…