The LYCRA Company, a global leader in developing innovative fiber and technology solutions for the apparel and personal care industries, announced that a group of financial institutions, comprising Lindeman Asia, Lindeman Partners Asset Management, Tor Investment Management, and China Everbright Limited (New Shareholders), have gained full equity control of the Company. The change of equity…
Commercial electric vehicle (EV) startup Turno announced that it has raised USD 3.1 million in new equity funding round led by Stellaris Venture Partners, along with Avaana Capital, according to ETAuto report. Launched in April 2022 in Bengaluru, Turno claims to have captured 75% market share in the retail cargo three-wheeler segment in the city…
EIG, an institutional investor to the global energy and infrastructure sectors, announced that De la Rey Venter has joined the firm as Chief Executive Officer of MidOcean Energy (MidOcean) and as a Managing Director of EIG. MidOcean is an EIG-controlled LNG company seeking to create a diversified “pure play” integrated LNG portfolio of high-quality operating…
Razorpay, a payments and banking platform for businesses, announced the appointment of Murali Brahmadesam as the Chief Technology Officer. With over 20 years of technical experience, the Ex-Amazon techie has worked across multiple products and domains, a statement said. Shashank Kumar, Co-founder, Razorpay, shared on the appointment, “Driven by our 800+ member strong engineering team, we…
Persistent Systems has been acknowledged as an ‘Honored Company’, one of the seven such companies across Asia (ex-Japan) by highly regarded sellside analysts in the ‘2022 Asia Executive Team – Small and Mid-Cap’ rankings (ex-Japan) for the Technology IT Services and Software industry. The Company received this recognition owing to more than one published position…
Bajaj Electricals Limited announced the appointment of Ravindra Singh Negi as Chief Operating Officer (COO) of its Consumer Products Business and Rajesh Naik as Head of the Lighting Business. Both executives will report to Anuj Poddar, Executive Director, Bajaj Electricals Limited. Negi will join Bajaj Electricals in July 2022 from Havells India Limited, where he…
Private Security firm SIS Limited announced the appointment of Upendra Kumar Sinha (U. K. Sinha) to its Board of Directors, with effect from June 29, 2022. According to the company’s exchange filing, “This is to inform you that, the Board of Directors of SIS Limited (“Company”), in its meeting held today, June 29, 2022, has,…
Netflix India has roped in Rohit Suri, former CHRO – South Asia at Dentsu International, as Head of Talent. With close to 23 years of vast experience in Consumer Internet, Technology and Media companies, Rohit has worked across South Asia, APAC, and Europe. Over the last 16 years, Rohit has held leadership roles spearheading Change,…
SDI Presence, LLC (SDI), the IT consultancy and managed services provider (MSP), announces that it added IT industry veteran Sunil Thomas to its Illinois-based delivery team to further the firm’s domain expertise and accelerate growth in the state and local government vertical. In his new role, Thomas will further strengthen the delivery of SDI’s full range of IT modernization capabilities with…
Infosys, a global leader in next-generation digital services and consulting, announced it won Microsoft’s 2022 Modern Endpoint Management Partner of the Year Award. As the winner of Microsoft’s Modern Endpoint Management Partner of the Year, Infosys displayed excellence in modern workplace and security transformation. Infosys, in collaboration with Microsoft, created an agile, intelligent, and intuitive…
Pharmaceutical company Gufic Biosciences Limited announced the re-appointment of Dr. Rabi N. Sahoo as Independent Director on the company’s Board, with effect from June 29, 2022. According to the company’s exchange filing, “this is to inform you that based on recommendation of Nomination & Remuneration Committee and subject to approval of members at the ensuing…
Crypto investing company CoinSwitch has appointed Ramesh Bafna as the Chief Financial Officer. A seasoned professional with over 18 years of experience, Bafna has built a sustainable marketplace revenue model in e-commerce companies such as Myntra and Flipkart as well as led the finance workstreams at IT services major Wipro, a statement said. “CoinSwitch is…
Progcap, a New Delhi-based Business-to-Business (B2B) lending platform, has raised $40 million, in an extension of its Series C funding round, according to ETtech report. Existing investors Creation Investments, Tiger Global Management and Sequoia Capital led the funding round, with Google joining in as a new investor. The company raised $30 million in the first…
Accenture has entered into an agreement to acquire XtremeEDA, an Ottawa-based silicon design services leader. The company provides semiconductor engineering services for clients seeking custom silicon solutions used in consumer devices, cloud data centers, machine learning and artificial intelligence (AI) computational platforms to enable edge AI deployment. The terms of the acquisition were not disclosed. The acquisition…
Wealth management platform Sanctum Wealth announced the appointment of Jyoti Roy as its Head of Equity Research. He will be based in Mumbai and will report to Manish Jeloka, Co-head of Products & Solutions. Jyoti has more than 17 years of experience in equity research with organisations including Angel Broking, BNP Paribas, and HDFC Bank,…