L&T Finance Holdings Limited announced the appointment of Vinay Chhawchharia as Chief Risk Officer of the company, with effect from January 13, 2023. According to the company’s exchange filing, “the Board of Directors of the Company at its Meeting held on January 13, 2023, on the basis of the recommendation of the Group Risk Management…
Private Sector lender Karnataka Bank Ltd. has appointed Sekhar Rao as an Additional Director to take up the role of Executive Director of the Bank for a period of three years effective from the date of taking charge, subject to approval of the shareholders. Sekhar Rao has 29+ years of overall work experience across various…
HCLTech, a global technology company, announced that State Farm, the provider of auto, home, and commercial insurance, has selected the company to reimagine its IT service desk and infrastructure operations. HCLTech will leverage its differentiated portfolio and proven execution capabilities to accelerate the modernization of its hybrid cloud environment for State Farm, a statement said.…
PDS Limited (“PDS”), the global fashion infrastructure company, announced the installation of a state-of-the-art wash plant in Progress Apparels Bangladesh Ltd, one of PDS’s manufacturing subsidiaries in Bangladesh. The wash plant has been installed in partnership and funding from the Netherlands-based Good Fashion Fund, which is subject to required regulatory approval. The Good Fashion Fund…
SymphonyAI, a leader in high-value enterprise AI SaaS for strategic industries, announced that Paul Luongo has joined the company as chief legal officer. Luongo will lead commercial contracting, intellectual property, privacy, employment law, corporate governance, and compliance practices across SymphonyAI’s verticals, supporting SymphonyAI’s continued growth and enterprise AI leadership. SymphonyAI provides AI SaaS solutions to verticals including…
Havas Creative, the world’s most integrated advertising and communications business, has made three key appointments to its senior leadership team to further expand its global capabilities and to boost integrated, cross-market growth. Global Chief Marketing Officer Tracey Barber is promoted to Global Chief Transformation and Growth Officer, and Managing Partner, Global Brands Tamara Greene is promoted to Managing Director, Global Brands –…
Athulya, a provider of senior care services in India, has raised US$ 9.3MM funding from North Haven India Infrastructure Partners, a fund managed by Morgan Stanley India Infrastructure, for its forthcoming expansion. Founded in 2016, Athulya offers assisted living, transition care and home healthcare to address the needs of dependent seniors over the age of 60, and will…
Entersekt, a global leader in customer and payment authentication solutions for financial fraud prevention, announced the appointment of Jon Roskill, former Acumatica CEO and Microsoft executive, to its board of directors as part of its continued expansion within North America. In late 2021, Entersekt received significant funding from Accel-KKR, a technology-focused private equity firm, to hire key…
Navratna Defence PSU, Bharat Electronics Limited (BEL), announced the appointment of Damodar S Bhattad as Director (Finance) on the company’s Board, with effect from January 11, 2023. Damodar Bhattad was working as General Manager (Finance) at BEL’s Corporate Office prior to his elevation. He is a Chartered Accountant, who had secured All India Rank in…
Live commerce platform Peepul Tree announced it has raised USD 6 million, about Rs 49 crore, in an investment round led by Elevar Equity, according to PTI report. The company plans to utilise the fund to onboard content creators, digitise the artisan supply chain and build technology to bring together artisans, content creators and customers…
Cigniti Technologies, the world’s leading AI & IP-led Digital Assurance and Digital Engineering services company, announced it has partnered with LambdaTest – a leading continuous quality testing cloud platform that helps developers and testers ship code faster. The partnership allows Cigniti to tap into LambdaTest innovative HyperExecute platform that provides secure, scalable, and insightful test orchestration for…
Larsen & Toubro, an Indian multi-national engaged in EPC projects, Hi-Tech Manufacturing and Services announced that the Group’s engineering services company, LTTS will acquire L&T’s Smart World & Communication (SWC) Business. The Smart World & Communication (SWC) Business was founded in 2016 to cater to the demands in smart cities, smart utilities, and digital infrastructure.…
SuperCluster Pi, a House of Brands (HoB) start-up has raised $2Mn in the seed funding round led by Bobby Balachandran of Exterro Inc with participation from marquee angel networks such as Inflection Point Ventures (IPV), Hyderabad Angels, Faad Network & AngelBay. Key social influencers including Bhuvan Bam, Ranveer Allahbadia of Beer Biceps, Praful Billore (MBA…
Cognizant announced that its Board of Directors has named Ravi Kumar S as CEO and a member of the Board, effective immediately. Kumar succeeds Brian Humphries in both roles. To facilitate a smooth transition, Humphries will remain with the Company as a special advisor until March 15, 2023. Kumar joins Cognizant after a 20-year career at Infosys, where…
Infosys, a global leader in next-generation digital services and consulting, announced the appointment of Govind Iyer as an Independent Director of the Company, effective January 12, 2023. This appointment is based on recommendation of the Nomination and Remuneration Committee of the Infosys Board, and is for a period of five years, subject to the approval…