UCO Bank Limited announced the appointment of Rajesh Kumar to its Board of Directors. Rajesh Kumar, Chief General Manager of Reserve Bank of India (RBI), has over three decades of experience with RBI, handling diverse portfolios covering almost the entire gamut of major functions of RBI including, inter alia, banking supervision, financial inclusion and development,…
Today, at Lenovo’s annual company kick-off to mark the start of Lenovo’s financial year, Chairman and CEO, Yuanqing Yang, set out the company’s bold vision for the year ahead. This includes building on its recent commitment to double investment in Research and Development (R&D) and announcing that the Group will hire 12,000 R&D professionals around…
Blockchain startup Kandola, which offers a real-time decentralized chip-to-cloud IoT protocol and real-time NFT, has raised a pre-seed round of $450K from a marquee list of investors including AlphaWave Global, Sandeep Nailwal (founder of Polygon), Harsh Rawat (EPNS) among others. The funding round also witnessed participation from Arcanum Capital, a seed-stage VC firm focused on investments…
Colliers, a diversified professional services and investment management company, announced the appointment of Rao Srinivasa as Managing Director, Data Centers, with immediate effect. Srinivasa is an industry veteran with more than two decades of experience in project management, design & build, commissioning, and facility operations for data centers, critical infrastructure, and commercial real estate. An enterprising leader,…
BluePi Consulting (BluePi), a data-driven solutions provider, announced its first international operations in Sydney and appointed Gaurav Sharma as CEO for Australia and New Zealand. The opening of the company’s direct presence in Australia will accelerate BluePi’s momentum in the region and enable Australian and New Zealand enterprises to partner with the company on their…
Honda Cars India said Takuya Tsumura has taken charge as president and CEO of the company. Also, the company has elevated Kunal Behl as Vice President – Marketing & Sales. Earlier, Behl served as Operating Head – Sales and Network Development. In this new role, Behl will be Operating Head of Sales and Marketing, and…
Indian Oil Corporation Ltd., (IndianOil), the country’s top refiner and fuel retailer, Larsen & Toubro (L&T), the engineering & construction conglomerate, and ReNew Power (ReNew), a renewable energy company in India, announced signing of binding term sheet for the formation of a Joint Venture (JV) company to develop the nascent green hydrogen sector in India. The tripartite venture…
Enkash, a corporate expense management startup, announced it has raised $20 million in a new round of funding, led by Ascent Capital along with Baring India Private Equity Partners and Singapore-based White Ventures, according to ETtech report. Existing investors Mayfield India and Axilor Ventures also participated in the funding round. The fintech startup operates a…
Global communications intelligence company Cision announced that it has completed the acquisition of realtime media monitoring company Streem. Since announcing the deal in December 2021, Streem has continued its high-growth trajectory, winning major new customers, including Amazon, HSBC, Crown Resorts, and several government departments, a statement said. Cision’s Chief Revenue Officer Stephen Boyes noted, “Streem has established itself…
RattanIndia Enterprises (REL) announced the appointment of industry veteran Amit Jain as Chief Financial Officer, Rattan India Enterprises, effective April 2 nd, 2022. Amit comes with nearly 2 decades of rich industry experience in Finance and Operations at marquee institutions such as Global Infrastructure Partners, IDFC, EY, Shapoorji Pallonji, Macquarie Bank, Discovery Channel and Red…
McKinsey & Co India has appointed Priya Ramdev as Director of People. Ramdev will be responsible for driving the talent agenda and leading the People function and will be reporting to Deva Grant, Asia leader of the People function at McKinsey & Company, and will be based in Delhi. Ramdev brings in over 16 years…
Chinese telecommunications titan Huawei announced that Ken Hu will assume the charge of Rotating and Acting Chairman of the company, with effect from April 1, 2022 to September 30, 2022. “During his term, Mr. Hu will serve in the company’s top leadership position and head the Board of Directors and its Executive Committee,” a statement said. Ken (Houkun)…
GHCL Limited has completed the divestment of its Home Textile business to lndo Count Industries Limited effective 2nd April 2022, after obtaining all relevant regulatory and shareholders’ approvals. The total consideration for divestment of the Home Textiles Business has been calculated at INR 608.30 crores (subject to validation of customary closing date adjustment of working…
Panacea Biotec Limited announced the appointment of Narotam Kumar Juneja as Additional Director on the company’s Board, with effect from April 1, 2022. According to the company’s exchange filing, “we would like to inform you that the Board of Directors of the Company has, on the recommendation of Nomination and Remuneration Committee, appointed Mr. Narotam…
TVS Motor (Singapore) Pte. Limited (TVSM Singapore), a subsidiary of TVS Motor Company Limited, announced it has acquired 70 per cent stake in EBCO Limited, a British company providing smart connected mobility solutions. According to the company’s exchange filing, “We wish to inform you that TVS Motor (Singapore) Pte. Limited (TVSM Singapore), a wholly-owned subsidiary…