Dr. Lakshmi Venu has taken over as the Managing Director of Sundaram-Clayton Limited (SCL), an auto components manufacturer, at the board meeting held today. Dr. Venu was the Joint Managing Director of Sundaram-Clayton. Dr. Lakshmi Venu has been leading Sundaram-Clayton from the forefront with aplomb for over a decade now. She has been the lead…
Nitta Gelatin India Limited announced the appointment of K C Nair and Sajiv K Menon to its Board of Directors, with effect from May 6, 2022. According to the company’s exchange filing, “the Board of Directors of the Company at their Meeting dated 06.05.2022 had among other things appointed the Prof. (Dr).M K C Nair…
Nokia’s Chief People Officer, Stephanie Werner-Dietz, has informed the company that she will leave and step down from its Group Leadership Team to take up a position in another company. Her intention is to leave on 31 August 2022. A recruitment process will begin immediately for her successor and further details will be announced in…
Larsen & Toubro Infotech Limited announced that Sanjay Jalona has resigned as Chief Executive Officer and Managing Director of the company. According to the company’s exchange filing, “Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that Mr. Sanjay Jalona (DIN: 07256786) has resigned from the position…
The Boards of Directors of LTI and Mindtree at their respective meetings held today approved a composite scheme of amalgamation of both these independently listed IT services companies under the Larsen & Toubro Group. The proposed integration will see LTI and Mindtree join strengths to create an efficient and scaled-up IT services provider exceeding $3.5…
BSE Ebix Insurance Broking Private Limited (BSE Ebix), a joint venture of BSE and Ebix Singapore Pte Ltd., announced that Sachin Seth has been appointed as CEO and MD of BSE Ebix. An upcoming InsurTech player – BSE Ebix is focused on distribution of insurance products through an unrivalled ‘Phygital’ pan India reach, by combining…
Redcliffe Lifetech, an omnichannel diagnostics platform, has raised $61 million in a Series B funding round, led by LeapFrog Investments, and participation from Healthquad, Schroders, LC Nueva, Growth Spark Ventures, as well as existing investors Chiratae Ventures and Alkemi Venture Partners, according to ETtech report. Last year, the company raised $10 million in its Series…
Texmaco Rail & Engineering Limited, an engineering and Infrastructure Company, announced the appointment of Amitabha Guha as an Additional Director on the company’s Board, with effect from May 6, 2022. According to the company’s exchange filing, “We would like to inform you that the Board of Directors of the Company has approved the appointment of…
Jindal Worldwide has acquired Mumbai-based electric vehicle start-up Earth Energy EV through its subsidiary Jindal Mobilitric. In addition, Jindal Mobilitric will set up a new manufacturing plant in Ahmedabad which will supplement the existing Earth Energy manufacturing facility in Maharashtra. The acquisition will see Jindal Mobilitric take over the indigenously developed technology platform as well…
Tata Motors Limited announced the re-appointment of Om Prakash Bhatt as a Non-Executive Independent Director on the company’s Board, with effect from May 9, 2022. According to the company’s exchange filing, “we hereby inform you that the Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, have approved reappointment of Mr…
Start-to-finish creator economy platform Pluc.tv announced that it has raised an undisclosed amount in pre-seed funding and is joining Expert DOJO, an international early-stage start-up accelerator in Southern California. Pluc.tv will use these funds for the growth of the platform, implementing a robust go-to-market strategy for international expansion and further product development. It has successfully tested…
TVS Motor Company, a manufacturer of two-wheelers and three-wheelers globally, announced at its board meeting today the elevation of Sudarshan Venu as Managing Director of the Company, effective today. Sudarshan has been charting the future of one of India’s leading two-wheeler manufacturer and has made it the most awarded two-wheeler company. He has played a…
Nutty Yogi, the clean-label health food brand, announced raising Rs. 50 million in Seed funding led by Multiply Ventures. Nutty Yogi offers a range of over 200+ healthy and organic food products across categories like daily essentials, healthy snacking, condiments, breakfast mixes, and immunity-building products. Pallavi Gupta, Founder of Nutty Yogi said, “Healthy and nutritious eating and the…
Firstsource Solutions Limited, a part of the RP-Sanjiv Goenka Group, is a provider of business process solutions, announced the appointment of Vanita Uppal as Additional Director on the Board of the company, with effect from May 5, 2022. According to the company’s exchange filing, “we hereby inform you that the Board of Directors of the…
SHIELD, the world’s risk intelligence company, officially announced its expansion into India, the fastest growing mobile market worldwide. The move follows successful partnerships with ShareChat, MOJ, and Carandbike, and marks the company’s continued focus on growing its network of clientele across India, the statement said. SHIELD aims to continue its mission to help digital businesses…