STL, one of the industry’s leading integrators of digital networks, announced its divestment of Impact Data Solutions Limited (IDS), UK, as a part of its consolidated strategy to focus on its core business segments of optical solutions and global services. With a strategic intent to play to its core, STL will sell its equity in…
Neotribe Ventures, a venture capital firm, announced that Nitin Chopra has joined as a managing director. Neotribe focuses on early and growth-stage companies that are developing breakthrough technologies that stretch the imagination. Chopra joins Neotribe Ventures from Shasta Ventures where he served as Managing Director. At Shasta, he led the firm’s security investments and focused on Seed…
Scotiabank announced Brian Porter’s decision to retire as President and Chief Executive Officer, effective January 31, 2023. With this announcement, Scotiabank’s Board of Directors has appointed Scott Thomson as CEO of Scotiabank, effective February 1, 2023. Thomson is currently President and CEO of Finning International Inc. and has been a member of the Scotiabank Board since 2016. Mr. Thomson will initially…
As a rare, only and end-to-end Oracle technology enabler — INFOLOB Solutions, Inc. is driven by Oracle specialists as its engine, which now gains additional power in the form of Senthil Prabu. INFOLOB is dedicated to delivering value-based cloud migration, cloud apps, database administration, disaster recovery, and hybrid- and multi-cloud managed services to its global clientele. This dedication is currently actively…
Digital banking infrastructure provider Signzy said it has raised Rs 210 crore (about $26 million) from Gaja Capital and its existing investors, Vertex Ventures and Arkam Ventures, according to IANS report. The Bengaluru-based fintech company would use fresh funds to boost its product portfolio towards a greater adoption of its platform by the global banking and financial services…
Ecobillz, an AI-led Digitization SaaS platform that provides comprehensive modules such as document management, back office automation, digital check-in and check-out for Hospitality, announced the appointment of Neeraj Bidi as Head of Operations and Customers Success. Neeraj, who’s completed his Bachelor of Engineering in Electrical and Electronics Engineering from National Institute of Engineering, Mysore, comes in from…
Radian Mobility, a health tech company based out of Mumbai, focusing on enhancing mobility awareness through adherence in the physiotherapy and preventative fitness sector has raised USD 300,000 in its maiden raise from a large US family office. Radian was set up by CEO Jamshid Pandole, a twenty-two-year financial veteran and avid athlete, and CTO…
Accenture is enabling Cyient, a global engineering, manufacturing and digital technology solutions company, to reinvent and enhance its business operations using digital technologies such as artificial intelligence (AI) and robotic process automation. In addition to deploying an AI-based digital platform that will consolidate Cyient’s operations and technology application architecture, Accenture is also redesigning the company’s finance,…
Heavy Electrical Equipment firm CG Power and Industrial Solutions Limited announced the appointment of Vijayalakshmi Rajaram Iyer as Additional Director in the capacity of Non-Executive Independent Director, with effect from September 24, 2022. According to the company’s exchange filing, “we wish to inform you that based on the recommendation of the Nomination and Remuneration Committee,…
Samvardhana Motherson Automotive Systems Group BV (SMRPBV), through its Vision systems division, has entered into an agreement with Ichikoh Industries (a subsidiary of Valeo SE) in Japan to buy 100% stake of its mirror business at an Enterprise Value of JPY 5.2 Bn. The transaction includes Ichikoh’s mirror business (development and manufacturing of automotive mirrors…
RailTel Corporation of India Limited announced the appointment of Sanjai Kumar as Chairman & Managing Director of the company, with effect from September 23, 2022. According to the company’s exchange filing, “it is hereby informed that the Ministry of Railways, Government of India vide letter No. 2022/E(O)II/40/3 dated 23/09/2022 has conveyed the appointment of Shri…
US automotive supplier BorgWarner announced that Sailaja Shankar has been named to its Board of Directors. “We are pleased to welcome Sailaja to BorgWarner’s Board of Directors,” said Alexis P. Michas, non-executive chairman of the board of BorgWarner. “Sailaja’s breadth of leadership experience through strategic change in large enterprise organizations, coupled with her digital, cybersecurity, software,…
Gold loan non-banking finance company Manappuram Finance Limited announced the appointment of Pratima Ram as Independent Non-Executive Women Director on the company’s Board, with effect from September 23, 2022. According to the company’s exchange filing, “We would like to inform that Board of Directors at their meeting held on September 23,2022 appointed Ms. Pratima Ram (DIN:…
True Global Ventures 4 Plus Fund and Follow On Fund (TGV 4 Plus FoF) announced a total investment of US$38m including a US$16m bought from the secondary market. TGV has previously communicated an investment of US$17m, this means that we have invested an additional US$21m. Animoca Brands recently raised a US$110m convertible led by Temasek, Bayou…
Tilaknagar Industries Limited (TI), a leading alco-bev manufacturer, announced the appointment of Pragya Kaul as President – Governance and Compliance, effective immediately. With over two decades of work experience in the industry, Pragya will be responsible for overseeing and leading the governance and compliance functions at TI, a statement said. Commenting on the appointment, Amit…