Accenture has made a strategic investment, through Accenture Ventures, in Interos, an operational resilience and supply chain risk management company that uses machine learning to monitor global business relationships and identify risks. Terms of the investment were not disclosed. The Interos platform uses AI and machine learning to monitor and analyze a wide array of supply chain issues…
HCL Technologies (HCL), a global technology company, announced plans to create 12,000 new jobs in the United States in the next five years. The company expects to recruit more than 2,000 graduates over the next 36 months as part of its U.S. early career and training program, Rise at HCL. This is part of the organization’s…
OpsLyft, a San Francisco and Noida-based DevOps startup, has raised $500k in seed funding from unicorn founders, Anand Chandrasekaran, and marquee angels from Freshworks, OYO, Innovaccer, other angel investors based in India and the US. The list of angel investors includes Anand Chandrasekaran, former Executive VP, Five9 and former CPO @ Snapdeal, Shailendra Singh, board…
Indo Count Industries Limited, a manufacturer and exporter of Home Textiles, announced it has entered into a Business Transfer Agreement (BTA) with GHCL Limited (GHCL) for acquisition of its Home Textile business at Vapi, Gujarat, on a going concern basis by way of a slump sale and Asset Transfer Agreement (ATA) for acquisition of specified…
GSS Infotech, an IT company based out of Hyderabad, announced that the board has approved the acquisition of 100% stake of an Indian “farm to store” company Polimeraas , with a combination of stock and cash. Polimeraas is valued at Rs.250 cr. The merger of Polimeraas Agros with GSS Infotech will be through a scheme…
Unicommerce, India’s e-commerce-focused supply chain SaaS platform, has decided to invest USD 5 million to strengthen its international operations and further expand its presence in the Middle-east and Southeast Asia. The company has been consistently investing and acquiring new clients across the Middle-east and will continue to forge more strategic partnerships in the coming months. After becoming an undisputed leader in India, Unicommerce aims at…
Global investment firm KKR announced the appointment of Mukul Chawla as Partner and Head of Growth Equity in Asia Pacific, effective December 09, 2021. He will be based in Asia while also spending considerable time in KKR’s global offices, including Menlo Park. In the newly created role, he will lead and accelerate KKR’s regional investment strategy into emerging, high-growth companies in…
IBM announced the acquisition of SXiQ, an Australian digital transformation services company specializing in cloud applications, cloud platforms and cloud cybersecurity. Financial details of the deal were not disclosed. Today’s news further advances IBM’s hybrid cloud and AI strategy by helping enterprises modernize and transform complex mission-critical applications on multiple clouds and platforms, the statement said. SXiQ…
Tata Consultancy Services (TCS) has won the 2021 Hr Network Scotland National Award in the category Best Employer/ Workplace of the Year. The Hr Network Scotland National Awards acknowledge and reward leaders in the HR profession in Scotland. The Best Employer/ Workplace of the Year category takes the whole organisation into consideration, with judges looking for…
Tata Power and Indian Institute of Technology Madras (IITM) will collaborate in areas of research and development (R&D), consultancy, policy advocacy, advisory, training and commercialisation of technologies and solutions, amongst others. They have signed a Memorandum of Understanding (MoU) to facilitate this collaboration, the statement said. As a part of the MoU, Tata Power and…
Mcapital, the lending arm of Mswipe, announced the appointment of Rohit Agrawal as Chief Executive Officer. Rohit, who has more than 15 years of experience in financial services and lending, will spearhead Mcapital with a view to achieve Rs 1,000 crore AUM by March 2024, the statement said. In his new role, Rohit will expand Mswipe’s…
Alibaba Group Holding Limited announced that Toby Xu, Deputy Chief Financial Officer, will succeed Maggie Wu as the Company’s Chief Financial Officer, effective April 1, 2022. Maggie will continue as a partner in the Alibaba Partnership and serve as an executive director on the Alibaba board, the statement said. “Maggie has made exceptional contributions that…
Sonata Software Ltd., a global IT services and technology solutions company, has been recognised by three leading global analyst firms for its market leading capabilities in Microsoft Dynamics 365 over the years including 2021. IDC had recently named Sonata Software as a “Major Player” in the IDC MarketScape: Asia/Pacific Microsoft Dynamics 365 Implementation Services 2021…
Happiest Minds Technologies Limited, a ‘Born Digital. Born Agile’, Mindful IT Company, announced being ranked among India’s Top 25 Best Workplaces in IT & IT-BPM 2021 by Great Place to Work Institute. Joseph Anantharaju, Executive Vice Chairman, Happiest Minds said, “This fourth accolade this year from the Great Place to Work Institute is a testimony…
Xen Capital announced it has raised US$7.5 million in a Series A round led by Headline Asia (formerly known as Infinity Ventures). The startup will utilise the capital to scale its B2B2C alternative investment platform, the company said. Xen Capital has processed more than US$200 million of transaction volume in private market deals through its platform in the last 12 months, the statement…