PNB Housing Finance Limited announced the appointment of Pavan Kaushal as Additional Director in the category of Independent Director, with effect from October 27, 2022. According to the company’s exchange filing, “this is to inform you that the Board of Directors of the Company, on recommendation of Nomination and Remuneration Committee, has approved the appointment…
RailTel Corporation of India Limited announced the appointment of V Rama Manohara Rao as Director (Finance) on the company’s Board, with effect from October 27, 2022. According to the company’s exchange filing, “it is hereby informed that the Ministry of Railways, Government of India vide its letter No. 2021/E(O)II/40/15 dated 20/10/2022 has conveyed the appointment…
Times Network, India’s premium broadcast network, announced Gaurav Dhawan as its Chief Revenue Officer. Gaurav will spearhead the Network’s broadcast ad revenue operations and drive monetization strategy for the bouquet of channels across Hindi & English news and Entertainment & branded content. Part of the core team that launched TIMES NOW in 2005, Gaurav is a Times Network…
KKR, a global investment firm, announced the signing of definitive agreements under which KKR will acquire 100% of Ness Digital Engineering (Ness), a global full-lifecycle digital services transformation company, from The Rohatyn Group (TRG). Founded in 1998 and headquartered in Teaneck, New Jersey, Ness is a leading provider of end-to-end digital transformation services that specializes…
Global pay solutions platform, CloudPay, has raised a new $50 million round of capital led by Runway Growth Capital and The Olayan Group. The new capital will support CloudPay’s continued innovation of its end-to-end enterprise global pay offering, meeting the need for integrated payroll and payments services as well as employee solutions that fit the modern world of…
SiMa.ai, the machine learning company enabling effortless deployment and scaling at the embedded edge, announced it has extended its Series B1 round to $67 million with new participation from MSD Partners, L.P. The round also includes participation from existing partners: Fidelity Management & Research Company, Amplify Partners, Dell Technologies Capital, Wing Venture Capital, Alter Venture Partners,…
Reap, a fintech company powering global financial transactions through the industry first Reap Visa Corporate Card (Reap Card) platform, announced a US$ 40 million Series A investment round led by Acorn Pacific Ventures, Arcadia Funds and HashKey Capital through a combination of equity and debt financing. Hustle Fund, Fresco Capital, Abacus Ventures also invested as returning investors…
AI Logistix has announced the appointment of Dr Mamata Reddy as Co-Founder & Chief Human Resource Officer (CHRO) to head the HR & Admin responsibilities with focus on people & organisational development, according to ET report. Reddy holds over 10 years of experience as an entrepreneur. She started her journey as an IT Engineer and…
European AI startup Axelera AI announced the close of its $27 million Series A investment round. The funding will support Axelera AI’s launch and mass production of its first-generation AI acceleration platform, powered by its disruptive in-memory computing and dataflow. Since its inception and initial funding last year, Axelera AI successfully taped-out its first testbench chip, developed…
In keeping with its aggressive global expansion plans, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, is set to commence its operations in the Philippines. Terrafirma Motors Corporation (TMC), a part of the Columbian Group of Companies, one of the leading and most experienced automotive group is partnering with Hero MotoCorp in bringing…
Dabur India Limited (Dabur) announced that it has signed definitive transaction agreements to acquire 51% shareholding of Badshah Masala Private Limited (Badshah), which is engaged in the business of manufacturing, marketing and export of ground spices, blended spices and seasonings. This acquisition is in line with Dabur’s strategic intent to expand its Foods business to…
Edtech platform Uolo announced it has roped in Anshu Sharma, a computer science graduate of the prestigious NSIT (Delhi), has been a technology leader for high scale, high growth companies like Amazon and Times Internet as the Chief Technology Officer of the company. In his new role, he will be leading the entire engineering team…
Acqueon, a provider of omnichannel customer engagement software, announced a majority growth investment from Long Ridge Equity Partners (“Long Ridge”). Existing investor Everstone Capital has exited its majority stake and remains a minority equity holder in the Company. The transaction will enable Acqueon to further extend its market-leading position via accelerated product innovation, channel partner expansion,…
Budget airline carrier IndiGo has appointed Sukhjit S Pasricha as Group Chief Human Resources Officer of the company, with effect from November 1, 2022, according to ETHRWorld report. Pasricha will report to Pieter Elbers, CEO of IndiGo. He will be based in Gurugram Headquarters of IndiGo. Pasricha has over 25 years of experience in Corporate…
Orbis Technologies, Inc. (Orbis), a global leader in delivering content solutions and services for large enterprise and governmental organizations worldwide, announced the acquisition of Writing Assistance, Inc (WAI), a company based in Minnesota specializing in professional writing talent and staffing. The combined companies will retain the Orbis Technologies, Inc. name and maintain its headquarters in Annapolis, MD. “With almost…