ICRA Limited, a credit rating agency in India, announced the appointment of Stephen Arthur Long as Additional Director, with effect from May 13, 2022. According to the company’s exchange filing, “Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), please be informed that…
Royal Philips, a global company in health technology today unveiled the conclusion of 7,200 sqm expansion in its factory in Chakan, Maharashtra. The state-of-the-art factory now houses a total floor space of 11,700 sqm. and supports the MR Radio Frequency Coil, Mobile Surgery Systems, and Ultrasound assembly businesses amongst other activities. The expanded facility was inaugurated by Bert van Meurs, Chief Business Leader, Philips Image Guided Therapy, Arjen Radder, Business…
IIT-Madras-incubated Electric Vehicle sub-component manufacturing startup, Revoh Innovations Private Ltd. announced it has raised funds $150,000 from Angel Investors – Vel Kanniappan and Ravi Renganathan in a seed round. Revoh Innovations’ R&D, manufacturing, and operations are based out of IIT-M Research Park and is looking forward to setting up a standalone manufacturing unit with the…
Sinch, a cloud communications and mobile customer engagement company, has announced Nitin Singhal as its new Managing Director in India, according to ET report. Singhal succeeds founder Sanjay Goyal, who will continue as a member of the Sinch India board and senior advisor to the Sinch Group. Singhal will lead and build the firm’s enterprise…
Kennametal India Limited, an ultimate subsidiary of Kennametal Inc., USA, announced the appointment of Kelly Marie Boyer as an Additional Non-Executive and Non Independent Director of the Company, effective May 11, 2022. Kelly Marie Boyer is a Vice President, Investor Relations at Kennametal Inc., (Ultimate holding Company of Kennametal India Limited) a $1.8 billion multi-national…
Bandhan Bank, a Kolkata-based banking and financial services company, announced the appointment of Divya Krishnan as Additional Non-Executive Non-Independent Director of the bank, with effect from May 11, 2022. According to the bank’s exchange filing, “We would like to inform you that the Board of Directors of Bandhan Bank Limited (the ‘Bank’), at its meeting…
Torrent Pharmaceuticals Limited announced the appointment of Dr. Maurice Chagnaud as Additional and Independent Director of the company, with effect from May 11, 2022. According to the company’s exchange filing, “Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors at its…
RailTel Corporation of India Limited, an Indian public sector enterprise focusing on providing broadband and VPN services, announced the appointment of Aruna Singh as Chairman cum Managing Director of the company, with effect from May 11, 2022. According to the company’s exchange filing, “Further, the Ministry of Railways, Govt. of lndia vide Letter no. 2017/E(O)II/40/6…
SKF India Limited, an automotive and industrial engineered solutions provider, announced the appointment of Ashish Saraf as Chief Financial Officer of the company, with effect from May 11, 2022. According to the company’s exchange filing, “the Board of Directors at its meeting held on 11May 2022, based on the recommendation of the Nomination and Remuneration…
Novelis Inc., a subsidiary of Hindalco Industries Limited, announced it will invest $2.5 billion to build a new low-carbon recycling and rolling plant in Bay Minette, Alabama, USA. The highly advanced facility will have an initial 600 kilotonnes of finished aluminum goods capacity per year. “This investment marks the start of another transformational growth phase for Novelis,” said Kumar…
Dhanvarsha Finvest Limited, a tech-enabled MSME lender has raised a total of INR 622 million, in a mix of equity and warrants led by Aviator Emerging Market Fund, and conversion of warrants by the Promoter Group and Management. INR 348 million of equity and warrants is infused already, and the company will further benefit from…
REC Limited, (formerly Rural Electrification Corporation Limited) is a Navratna company under the administrative control of the Ministry of Power, announced it has named Ravinder Singh Dhillon as Chairman and Managing Director of the company, with effect from May 10, 2022. According to the company’s exchange filing, “In terms of Regulation 30 read with Schedule…
Korn Ferry, a global organizational consulting firm, announced it is expanding its digital presence in India with a new software product development center in Bangalore. The center will accelerate Korn Ferry’s digital cloud strategy and its suite of Intelligence Cloud applications. Korn Ferry established the facility in India to harness the region’s premier talent in…
Paddle, the provider of a complete payments infrastructure for SaaS companies, announced it has raised $200m in Series D equity and debt financing at a valuation of $1.4bn, making it the UK’s latest unicorn. Led by KKR, a leading global investment firm, with participation from existing investors FTV Capital, 83North, Notion Capital, Kindred Capital, and…
New Western, the US-based real estate investment company, announced that Dipak Joshi joined the team as chief financial officer (CFO). Joshi will be responsible for overseeing all financial matters for the company’s three divisions and will help accelerate and support its aggressive growth plans, a statement said. “We are very pleased that Dipak has joined our team…