Neobank Open announced it has raised $50 million funding led by IIFL Finance, according to ETtech report. Existing investors Temasek, Tiger Global and 3one4 Capital also participated in the funding round. Post this funding, Open has entered the unicorn club with a valuation of $1 billion. Open, going forward, will use the new capital and…
Schlumberger announced it has expanded its global INNOVATION FACTORI network with the inauguration of a new center in Oslo, Norway. “At INNOVATION FACTORI, customer teams will benefit from an agile, collaborative development approach with our domain and data science experts to address their strategic demands, such as drilling automation, digital twins for production optimization, and…
Solara Active Pharma Sciences Limited, a manufacturer of pharmaceutical products, announced the appointment of Jitesh Devendra as Managing Director of the company, with effect from April 29, 2022. He succeeds Rajender Juvvadi Rao, who has resigned from the role of Managing Director & CEO and Director of the Company. According to the company’s exchange filing,…
Arzooo, a B2B retail platform, announced the appointment of Tushar Deshpande as Vice President, Fintech. He will lead this charter of scaling merchant lending business, Arzooo Credit. Arzooo Credit was launched last year to uphold retail partners as a digital lending solution that allows retailers access to a fully digital and paperless model to avail credit facility, the statement…
Hindustan Aeronautics Limited, an Indian state-owned aerospace and defence company, announced the appointment of Deepak Abasaheb Shinde as an Independent Director on the company’s Board. According to the company’s exchange filing, “we would like to inform that Ministry of Defence, Department of Defence Production, Government of India vide Letter No. F.No 8(23)/2021-D(Coord/DDP) dated 28th April,…
Cressanda Solutions Limited announced it has signed a non-disclosure and LOI with Bangalore based Lucida Technologies to acquire 100% of the issued and outstanding equity interests of Lucida and its subsidiaries. Lucida Technologies is a Bangalore based digital technology company specializing in providing development and support services in leading edge technologies such as data analytics,…
GRAB, a logistics solution company, announced the appointment of Shantanu Bhattacharya to head the HR vertical of the company. Shantanu has been in the corporate industry for over 20 years and has a long enriched career in Human Resources with various global MNCs and Indian conglomerates. He has acquired specific skills and competencies in HR…
Twilio, the customer engagement platform that drives real-time, personalized experiences for leading brands, announced two new hires. Reeny Sondhi joined the company as Chief Digital Officer, and Amy Holcroft joined the company as Chief Privacy Officer. Both roles are new to Twilio, as businesses increasingly look to digital channels to drive customer engagement, making digital…
VMentor.ai, the two-year-old, ‘tech-enabled, human-intervened’ mentorship platform, founded by ex-OLA senior advisor and CxO Dr. Srinivas Chunduru, along with leading industry CxOs, has announced the induction of an illustrious team on their advisory board. The advisory board includes Rakesh Sarin, the former CEO of Suzlon Energy and EVP on Board of Management of Wartsila Corporation,…
Colgate-Palmolive (India) Limited announced the appointment of Prabha Narasimhan as Managing Director and Chief Executive Officer of the company, with effect from September 1, 2022. According to the company’s exchange filing, “we would like to inform you that the Board of Directors at their meeting held today, has, inter alia, approved the appointment of Ms.…
Shriram Properties Limited announced the appointment of Ritesh Kantilal Mandot as Non-Executive Director, with effect from April 27, 2022. According to the company’s exchange filing, “the Board has appointed Mr. Ritesh Kantilal Mandot ( DIN: 02090270) as Non- Executive Director ( Nominee Director) w.e.f April 28, 2022.” Ritesh Mandot is the Principal at Tata Opportunities…
Veefin, an Enterprise-tech solution provider in supply chain finance (SCF), has appointed SCF industry veteran Sandeep Kakkar as its Chief Business Officer. In this role, Sandeep will be responsible for leading the company’s sales performance across domestic and global markets. Sandeep has a proven experience of 24 years in commercial banking, structured trade finance, and…
Biotechnology major Biocon Limited has appointed Naina Lal Kidwai as Non-Executive and Independent Director on the company’s Board, with effect from April 28, 2022. According to the company’s exchange filing, “Approved the appointment of Ms. Naina Lal Kidwai (DIN: 00017806) as an Additional Director (Category: Non-Executive and Independent Director) of the Company with effect from…
Embassy Office Parks REIT (Embassy REIT), India’s listed REIT and one of Asia’s largest office REITs, announced the appointment of Vikaash Khdloya, currently Deputy Chief Executive Officer and COO as Chief Executive Officer of the Manager to Embassy REIT. Vikaash Khdloya is an industry veteran with nearly two decades of experience in finance and real…
KIOCL Limited, a government owned iron ore producer, announced the appointment of Devidatta Satapathy, Deputy Secretary, Ministry of Steel, as Government Nominee Director, with immediate effect. According to the company’s exchange filing, “we hereby inform that Ministry of Steel vide its Order No. S-14011/1/2022-BLA dated 27.04.2022 intimated the appointment of Shri Devidatta Satapathy, Deputy Secretary,…