Category: News

IKEA signs MoU with UP, plans to invest Rs 5,000 crore.

The world’s largest furniture retailer IKEA is planning to invest Rs 5,000 crore in Uttar Pradesh. IKEA, which is planning to set-up a large format store in Noida, has signed a memorandum of understanding (MoU) with the Uttar Pradesh government for opening stores in the state. The investment would create over 8,000 direct and indirect job opportunities…

Swiggy raises $1 billion funding from Naspers, Tencent and others.

Online food delivery startup Swiggy has raised $1 billion in a fresh round of funding led by South African multinational internet and media group Naspers, with the entry of new investors like China’s Tencent, Hillhouse Capital, and Wellington Management. Avendus Capital was the financial advisor to the transaction. According to sources, with this new round of funding…

Apple’s AI Chief John Giannandrea gets promoted to Executive team as Senior Vice President.

Apple Inc. the American multinational technology company headquartered in California, today announced that John Giannandrea has been named to the company’s executive team as senior vice president of Machine Learning and Artificial Intelligence Strategy. He joined Apple in April 2018. Apple’s move comes as the company’s HomeKit devices are facing competitions from Amazon’s Echo and…

LinkedIn appoints Mahesh Narayanan as Country Manager for India.

Microsoft-owned LinkedIn, the business and employment-oriented service that operates via websites and mobile apps, on Thursday announced the appointment of Mahesh Narayanan as Country Manager for India, effective from January 7, 2019. Narayanan has over two decades of experience in building and growing digital businesses in South Asia. Previously, he has served many digital business…

GlaxoSmithKline plc and Pfizer Inc to form new Consumer Healthcare Joint Venture.

GlaxoSmithKline plc has reached an agreement with Pfizer Inc to combine their consumer health businesses into a new world-leading Joint Venture, with combined sales of approximately £9.8 billion ($12.7 billion). The JV will operate globally under the GSK Consumer Healthcare name. Under the terms of the transaction, GSK will have a majority controlling equity interest…