British International Investment (BII), the UK’s Development Finance Institution and impact investor and Mahindra & Mahindra (M&M) have executed a binding agreement to invest up to Rs. 1,925 crores each into a wholly owned subsidiary of M&M that will be newly incorporated (“EV Co.”). BII will invest up to Rs 1,925 crores in the form…
Edtech company BYJU’S announced the appointment of Sunil Sharma as Vice-President, Engineering – Student & Teacher Experience and Darshan Bhandari as Vice-President, Engineering – BYJU’S Tuition Centre and Devices, as the company continues to attract top talent to drive innovation, build impactful learning experiences, and further strengthen its robust technology vertical. While Sunil will be at the forefront of catalysing critical technologies to enhance…
Gurusiksha, a platform where education and technology come together to create a hybrid learning system, recently announced that they have acquired their first investment round of Rs 50 lakhs in a pre-series round from angel investors. They also said that they are planning another Series A funding round later in the year since their next…
JK Tyre & Industries Limited announced the appointment of Anuj Kathuria as President (India), reporting to chairman & Managing Director, Dr Raghupati Singhania and Anshuman Singhania, Managing Director, based out of Delhi. Kathuria brings with him 31 years of rich experience, having worked in senior management positions in leading and reputed auto companies, i.e. Ashok…
Gensol Engineering Limited (Gensol) has signed a termsheet to pick up majority stake in a US-based electric vehicle manufacturing startup. The investment is intended to accelerate Gensol’s plan to deliver a robust domestically manufactured EV in India. With this deal Gensol foresees an increment in revenue by INR 500-600Cr for FY-24. Gensol aims to set…
Confederation of Indian Industry – Institute of Quality (CII-IQ) awarded the ‘Responsible Export Organization’ compliance certificate to ABB India’s Electrification Distribution Solutions (ELDS) business in April 2022. The certification encompasses all business operations related with design, manufacture, marketing, retrofit and services of switchgear products and solutions of medium voltage and low voltage switchgear, relays and…
Alorica Inc., a next-generation customer experience (CX) solutions company, announced it has hired highly-experienced recruiting and human resources (HR) executive Asma Sultana as the company’s Vice President of Corporate Talent Acquisition. Sultana, who also lives in Bengaluru, reports directly to Colleen Beers, Chief Administrative Officer. In this newly-created role, Sultana is responsible for developing and implementing Alorica’s…
MetricStream, the global market leader in integrated risk management (IRM) and governance, risk, and compliance (GRC), announced that Gaurav Kapoor and Prasad Sabbineni have been appointed as co-Chief Executive Officers. Gaurav Kapoor the Co-founder of MetricStream, has served as Chief Operating Officer with responsibility for the overall strategy, marketing, sales, partners, customer success, services, and…
SBI General Insurance Company Limited has announced the appointment of Paritosh Tripathi as its new Managing Director & Chief Executive Officer. He was nominated by the parent company, the State Bank of India for the position and has been appointed w.e.f 5th July 2022. He succeeds P.C. Kandpal, who has been posted as DMD (P&RE) at the…
API infrastructure company M2P Fintech has acquired Bengaluru-based cloud lending platform Finflux to boost M2P’s digital lending and neo-credit plans, according to TNN report. The financial details of the deal were not disclosed, but it is learnt to be a cash and stock deal of around $15-20 million. This is M2P Fintech’s fourth acquisition since…
IBM announced it has acquired Databand.ai, a leading provider of data observability software that helps organizations fix issues with their data, including errors, pipeline failures and poor quality — before it impacts their bottom-line. Today’s news further strengthens IBM’s software portfolio across data, AI and automation to address the full spectrum of observability and helps businesses ensure that…
Niyo, India’s leading consumer neo-banking platform, has appointed Jagadish B as its Head of Human Resources. Jagadish brings with him 25+ years of leadership experience in people processes. Prior to joining Niyo, he was associated with Thinksynq Solutions Pvt. Ltd as a partner. In the past, he has held the HR leadership positions for India’s two leading…
The Cyient Foundation (the CSR arm of Cyient Ltd.) and the Shibodhi Foundation (the family foundation of Dr. BVR Mohan Reddy) have joined hands with IIT Hyderabad to develop the BVR Mohan Reddy School of Innovation and Entrepreneurship (BVR SCIENT) on its campus. The BVR SCIENT is a first-of-its-kind initiative in collaboration with IIT Hyderabad,…
Boomi, the leader in intelligent connectivity and automation, announces the appointment of Madeline Ling as Chief Financial Officer (CFO), Marcy Campbell as Chief Financial Officer (CFO), Revenue (CRO), and Fran Wilson as Chief Marketing Officer (CMO), effective immediately. Additionally, Emmy Award-winning news reporter Christa Delcamp joins Boomi to support public relations and media strategy, and…
Indian Government-owned aerospace and defence electronics company Bharat Electronics Limited has appointed Binoy Kumar Das as an Additional Director on the company’s Board, with effect from July 4, 2022. According to the company’s exchange filing, “Pursuant to Regulation 30(2) of SEBI (LODR) Regulations, 2015 we wish to inform that Ministry of Defence, Government of India…