Pharmaceutical company Solara Active Pharma Sciences Limited announced the appointment of Rajender Juwadi Rao as Managing Director and Chief Executive Officer of the company, with effect from March 1, 2022. He succeeds Bharath R Sesha, who has resigned from the role of MD & CEO of the company. According to the company’s exchange filing, “we…
Deloitte announced the appointment of Jay Bhatt, D.O., MPH, MPA, as executive director of the Deloitte Center for Health Solutions and the Deloitte Health Equity Institute. In this role, Dr. Bhatt will direct the research, insights and eminence agenda across the life sciences and health care industry while driving high impact research and collaborations to advance…
D2C men lifestyle brand Damensch has raised $16.4 million in a Series B funding round led by A91 Partners. Existing investors Saama Capital, Matrix Partners, Whiteboard Capital and Alteria Capital also participated in the current funding round. The company makes loungewear and innerwear for men. It will use the funds to invest in technology enhancements,…
Reliance Power Limited, a part of the Reliance Group, announced it has appointed Dr. Thomas Mathew as an Independent Director to the company’s Board of Director, effective from February 26, 2022. Dr. Thomas Mathew holds a bachelor’s degree in arts from the University of Delhi and a bachelor’s degree in law from Campus Law Centre-II,…
Biocon Biologics Ltd., a subsidiary of Biocon Ltd., announced that it has entered into a definitive agreement with its partner Viatris Inc. Accordingly, Biocon Biologics Ltd. (BBL) will acquire Viatris’ biosimilars business to create a unique fully integrated global biosimilars enterprise. Viatris will receive consideration of up to USD 3.335 billion, including cash up to…
Telecom major Airtel has roped in Varun Singla as SVP & Chief Information Security Officer (CISO) of the company. He will be reporting to Pradipt Kapoor, Chief Information Officer (CIO), Airtel. In this new role, Singla will be driving next-generation cyber security initiatives and contributing to the ongoing innovation and business growth at Airtel. As…
Koo, a microblogging platform in India, has raised around $10 million (Rs 79 crore) in two tranches from a clutch of investors including Caspier Venture Partner, Ashneer Grover and Ravi Modi Family Trust, as per regulatory filings, according to ETtech report. As part of the first tranche, which was executed in January, the company said…
Kimberly-Clark Corporation, the pioneer of menstrual hygiene products, announced that it has completed its acquisition of a majority stake in Thinx, Inc., an industry disruptor and the leader in reusable period and incontinence underwear category. The company made an initial minority investment in Thinx in 2019. “Our investment in the success of Thinx represents a…
Palmetto, a clean energy marketplace and technology services platform, announced it has raised approximately $375 million to accelerate the adoption of residential solar and clean energy independence across the United States. The round was led by Social Capital, with participation from new and existing investors including ArcTern Ventures, Gaingels, Lerer Hippeau, and MacKinnon, Bennett & Co. (MKB). Palmetto will…
Indian Overseas Bank announced the appointment of Vivek Aggarwal to its Board of Directors, with effect from February 25, 2022. According to the bank’s exchange filing, “This is to inform that Government of India vide Notification F.No.6/3/2011-BO.1 dated 25.02.2022 has appointed Shri Vivek Aggarwal, as RBI Nominee Director in Indian Overseas Bank with immediate effect…
Upekkha, a US-based Value SaaS Accelerator and an AngelList-style early-stage investment firm, announced it has raised $9 million from WestBridge Capital towards its rolling fund that will look to invest in around 50-60 startups in the current financial year, according to ETtech report. This is the first of its kind alternative investment fund (AIF) in…
People.ai, the premiere Revenue Intelligence & Operations platform, announced that Aman Sirohi has been named Chief Information Security Officer. Sirohi brings decades of experience envisioning and delivering technology and security solutions in complex enterprise environments across a spectrum of industries, from retail to telecommunications to technology, the statement said. “I am thrilled to join People.ai at such…
Marketing Analytics firm, AppsFlyer, has appointed Ritu Sharma as Country Manager in India. In her new role, Sharma will lead AppsFlyer India’s business operations across all categories. She will focus on expanding the current customer portfolio, scaling up existing business while growing sustainable customer relationships through a consultative approach. To that end, she will manage…
Group operating value retail chain 1-India Family Mart, has raised Series B funding of INR 500 million from Dubai-based Gulf Islamic Investments (GII). The group had raised its first institutional round of funding from Carpediem Capital in 2018. The fund raise will boost the expansion plan of the group with doubling of retail stores in the next…
Tata Consultancy Services (TCS), in partnership with the University of Kashmir, has launched a program to improve employability skills of students in Kashmir, under its Corporate Social Responsibility initiative. Over the next three years, TCS will carry out its Youth Employment Program (YEP), BridgeIT, goIT, Ignite My Future (IMF) and Adult Literacy Program (ALP) that…