TI Clean Mobility Private Limited (TICMPL), a wholly owned subsidiary of Tube lnvestments of lndia Limited (TII), is pursuing its vision in the clean mobility, particularly in the electric vehicles industry. TICMPL, in line with its growth plan in the electric vehicle industry, has executed today a Share Purchase Agreement with the founders of Cellestial…
CMS IT Services, an industry leader in Managed IT services and system integration, announced that its Board of Directors has appointed Sanjeev Singh as Chief Executive Officer & Managing Director of the company effective 16 January 2023. Commenting on the appointment of Sanjeev Singh, Mathew Cyriac, Chairman of the Board said, “We are excited to welcome…
Boston Metal, a company developing technology to fully decarbonize steel production, announced the $120 million first close of Series C fundraising led by multinational steel company, ArcelorMittal S.A. Microsoft’s Climate Innovation Fund and SiteGround Capital also joined as new investors in this round, alongside current investors. ArcelorMittal’s lead investment was made through its XCarb Innovation…
Samvardhana Motherson International Private Limited (formerly Motherson Sumi Systems Limited) announced it has acquired 51% stake in Saddles International Automotive and Aviation Interiors Private Limited (SIAAIPL). SIAAIPL is engaged in manufacturing of premium upholstery for passenger vehicles applications. According to the company’s exchange filing, “The Board of Directors of Samvardhana Motherson International Limited (formerly Motherson…
Rigi, an online content broadcasting and mentoring platform provider, has raised $12.3 million in a funding round led by Elevation Capital, according to ETtech report. Accel India, Stellaris Venture Partners and Sequoia Capital has also participated in the latest funding round. Rigi has also added new angel investors to its cap table. These include India’s…
RadarFirst, the global innovator in privacy incident management, announced the appointment of Kalinda Raina, Vice President, Chief Privacy Officer at LinkedIn, to its Board of Directors, effective on December 30, 2022. Raina will provide strategic insight to support continuous innovation and operational excellence for RadarFirst’s next growth phase, a statement said. A practicing privacy attorney and industry…
NEQSOL Holding announces that the Board of Directors of Vodafone Ukraine has elected Vasyl Latsanych as the Chairman of the Board of Directors. Latsanych has diverse international leadership experience in the telecommunications sector and his appointment reinforces holding’s business in Ukraine. He becomes the first Ukrainian to hold the top position at the supreme governing…
Accenture has made a strategic investment, through Accenture Ventures, in Forma Vision, a provider of live-streamed, volumetric video technology that enables 3D holographic images of people, objects and environments to be beamed into the metaverse from any office, home or other location. Until now, the metaverse opportunity has been constrained to enterprise use cases appropriate for avatar-to-avatar…
Upekkha, a B2B SaaS-specific accelerator which also provides option-friendly pre-seed capital, announced it has invested in 41 startups to date. Currently, UP Funds invests $100K in every Upekkha startup. In 2021, Upekkha invested in 11 Value SaaS startups, and in 2022 the number went up to 30. Upekkha’s intention is to fund 60 businesses in…
HCLTech has been recognized as the fastest-growing India-headquartered IT services brand among the Top 10 IT services companies globally, according to 2023 Brand Finance Global 500 and IT Services 25 report. According to the report, released at the World Economic Forum 2023 at Davos today, HCLTech’s brand value grew by 7% YoY to $6.537 billion.…
Speciality engineering company MTAR Technologies Limited announced that Devesh Dhar Dwivedi has resigned from the role of Chief Operating Officer of the company, with effect from January 24, 2023. According to the company’s exchange filing, “this is to inform the Exchanges that Mr. Devesh Dhar Dwivedi has tendered his resignation vide email from the post…
Tata Trusts has appointed Siddharth Sharma as the Chief Executive Officer (CEO) of the Trusts and Aparna Uppaluri as the Chief Operating Officer (COO). Their appointment will be in effect from 1st April 2023, according to ET Bureau report. Sharma has been in government service for two decades where he handled important assignments in key…
ShortTok, an early-stage software company, announced that it will appoint Jayan Eledath as its new CTO. Jayan Eledath is coming from Amazon where he spent the last seven years leading the applied science teams that built the AI for AWS’ Just Walk Out Technology. Prior to Amazon, he was a program director at SRI International where he led…
Religare Enterprises Limited announced the appointment of Preeti Madan as an Additional Director on the company’s Board, with effect from January 24, 2023. According to the company’s exchange filing, “the Board of Directors of the Company has on January 24, 2023, approved the appointment of Ms. Preeti Madan (DIN: 08384644) as Additional Director (Non-Executive and…
Barbeque Nation Hospitality Limited, a casual dining restaurant chain, announced that Anurag Mittal has resigned from the role of Chief Financial Officer of the company, with effect from February 6, 2023. According to the company’s exchange filing, “Pursuant to provisions of Regulation 30(6) read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements)…