Allcargo Logistics Limited announced it has acquired a majority stake in Madanahatti Logistics and Industrial Parks Private Limited. According to the company’s exchange filing, “this is to inform you that Allcargo Logistics Limited (”Company”), has entered into a Securities Purchase Agreement (“SPA”) on February 21, 2023, with BRE Asia Urban Holdings Ltd. (the “Seller”) to…
TerraPay, a global payments infrastructure company, today announced the appointment of Sudhesh Giriyan as President and Global Head of Remittances. Strengthening the company’s senior management team, this strategic appointment supports TerraPay’s continued global expansion, a statement said. In his new role, Sudhesh Giriyan will be responsible for leading TerraPay’s global remittance business, deepening trust in…
ITI Limited, a state-owned telecom gear maker, announced the appointment of Rajesh Rai, General Manager of MTNL, to the post of Chairman and Managing Director of the company, with effect from February 21, 2023. According to the company’s exchange filing, “The Government of India vide Order no. E-14-3/2022-PSA dated 20th February 2023, has appointed Shri…
Dhanlaxmi Bank Limited, a provider of various banking and financial services in India, announced the appointment of Vardhini Kalyanaraman as Additional Director (Independent Category) on the company’s Board, with effect from February 21, 2023. According to the company’s exchange filing, “it is hereby informed that the Board of Directors of the Bank, at its meeting…
Karma Capital, a leading portfolio management firm has entered into an agreement with Growthfiniti Wealth for the distribution of its listed Indian equities-based investment solutions. Karma Capital’s entire suite of investment offerings under PMS and AIF will now be available to Growthfiniti’s clientele, a statement said. Growthfiniti Wealth aims to provide customized and comprehensive financial solutions…
Narwal, a technology solutions and services company, announced it has appointed Amit Sahoo as HR Leader. His mandate is to oversee the People strategy and ensure that it aligns with the organization’s ambitious trajectory of rapid expansion, bolstering efficiency and cultivating a culture of professionalism. This appointment further strengthens the Leadership team’s capability to achieve its goals,…
Fintech startup Mintoak Innovations Pvt. Ltd has raised $20 million (Rs 165 crore) in a Series A funding round, led by PayPal Ventures, according to VCCircle report. The round also saw participation from British International Investment, White Whale Venture Fund and existing investors HDFC Bank and Pravega Ventures. The company plans on utilising the funding…
Preqin, the global leader empowering the alternatives community with essential data and insight, has announced the opening of its 16th office, based in Bangalore, India. The new office will host almost 400 team members, and is a testament to the firm’s commitment to India and its strong local talent, a statement said. Over the past years,…
Jasper Therapeutics, Inc. (Jasper), a biotechnology company, announced the appointment of healthcare industry veteran Vishal Kapoor, Partner of Avego Management, to Jasper’s Board of Directors. Kapoor has been a Partner of Avego Management, LLC, an affiliate of Velan Capital, since January 2021, leading their life sciences venture investing strategy. He was also President of Amplitude…
Quantum Motion, a UK-based quantum computing scale-up founded by Professor John Morton, UCL, and Professor Simon Benjamin, Oxford University, has raised over £42 million in equity funding from some of the world’s leading quantum and technology investors. The oversubscribed round is led by Bosch Ventures (RBVC) and joined by Porsche Automobil Holding SE (Porsche SE) and British Patient Capital. All existing investors from…
Cargill, a global food corporation, announced the appointments of Joanne Knight as Chief Financial Officer (CFO) and Philippa Purser as Head of Strategy and Global Process Leader – each will help accelerate the company’s strategic priorities and commitment to nourish the world in a safe, responsible and sustainable way. “As Cargill continues to navigate dynamic global markets, operational excellence…
Central Bank of India announced the appointment of Chandrakant Bhagwat as Company Secretary of the company, with effect from February 20, 2023. According to the company’s exchange filing, “This is to inform that Mr Chandrakant Bhagwat (ACS -29955) has joined as Company Secretary of the Bank.” Chandrakant Bhagwat is an Associate Member of the Institute…
Novartis Board of Directors announced the appointment of Gilbert Ghostine as Chairman-designate of the new Board of Directors of Sandoz. Ghostine has served as CEO of Geneva-based Firmenich, the world’s largest privately owned perfume and taste company, since 2014. Gilbert Ghostine will become Chairman of the New Board of Directors of Sandoz, which will be…
Cyberwrite, the provider of patented AI-enabled cyber insurance risk technology, 4SEEN, and cyber insurance products, officially announced the appointment of Hartmut Mai as group president. Mai brings more than 25 years of global insurance leadership experience to Cyberwrite. Previously, he served as Global Chief Underwriting Officer (CUO) and Board Member at Allianz Global Corporate & Specialty (AGCS). During his…
Tata Consultancy Services (TCS) has been named a Leader in the IDC MarketScape for Manufacturing Product Lifecycle Management System Integrator & BPO services. “Manufacturers across industries are facing challenges in keeping up with the transformation in the product ecosystem as smart technologies and new business models evolve. TCS helps organizations leverage PLM as a foundation…