Engineers India Limited (EIL) and CHEMPOLIS OY, Finland have signed a strategic alliance for conversion of Biomass to Green fuels. In the changing global energy landscape, biomass-based fuels are promising alternative for supplementing fossil fuels towards a sustainable energy future, the company said in its statement. In addition to this, biomass can be utilized to…
TestVagrant Technologies has appointed Poornima Srinivasan as Head of Human Resources and Culture, according to ETHRWorld report. “We are truly thrilled to introduce Poornima. She joins as a cultural transformational and strategic leader,” TestVagrant Technologies said in a post. “We wish you all the best in building the world’s finest software testing consulting company. On…
GlaxoSmithKline Pharmaceuticals Limited announced the re-appointment of Sridhar Venkatesh as Managing Director of the company for a period of one year from 1st April 2022 to 31st March 2023. Sridhar Venkatesh is a senior business leader with more than 28 years of diverse experience in pharmaceuticals and healthcare. He joined GSK in 2011 as Head…
Kirloskar Ferrous Industries Ltd, one of India’s largest castings and pig iron manufacturers, has agreed to acquire a majority stake in Indian Seamless Metal Tubes (ISMT) Limited, the largest integrated specialized seamless tube manufacturer in India. KFIL will subscribe to shares for an aggregate consideration of Rs. 476.63 Crores at a per share price of…
Biotechnology startup Tiamat Sciences has announced its $3 million seed financing round led by Silicon Valley venture capital firm True Ventures with participation from Social Impact Capital and Cantos. “Our technology can help to promote animal-free alternatives not only for food but also for the pharmaceutical industry,” said France-Emmanuelle Adil, founder and CEO of Tiamat…
Aztiq, a healthcare investor led by Alvogen Founder and Chairman Róbert Wessman, and Innobic (Asia) Company Limited, a life sciences subsidiary of Thailand industrial group PTT, has announced the signing of a definitive agreement to acquire a 100% stake in Alvogen Emerging Market Holdings Limited from its existing shareholders for $475 million. Aztiq’s founder and…
Muthoot Capital Services Limited, a Non-Banking Finance Company (NBFC), announced the appointment of Shirley Thomas to its Board of Directors, effective November 25, 2021. According to the company’s exchange filing, “We wish to inform you that the Board of Directors of the Company at its meeting held today i.e., November 25, 2021, has appointed Mrs.…
HCL Technologies (HCL), a global technology company, opened its new facility at the state-of-the-art Cinnamon Life complex. HCL continues to expand and grow in Sri Lanka and this new facility will be its largest in the country, accommodating 4,000 employees, the company said in its statement. HCL entered Sri Lanka in 2020 with the aim…
Consumer food company LT Foods announced the appointment of Amit Mehta as the Head of Convenience and Health Food Business. Amit’s key responsibilities will include formulating and implementing new product winning strategies and expanding LT Foods’s presence in Convenience and Health Food segments. Amit is a persuasive & an influential leader with more than two…
Nutanix, a hybrid multicloud computing platform, has announced that it has named Anja Hamilton as Chief People Officer, effective January 4, 2022. With more than 20 years of experience in human resources leadership roles, Hamilton brings deep expertise in accelerating growth through aligning people with business and customer objectives, shaping corporate culture, and creating an…
Thunes, a global cross-border payments company, has announced that it has appointed four new senior executives to lead its business in strategic regions: Asia Pacific, the Americas, Middle East and North Africa, and Greater China. The company has appointed Jenna Wyer, SVP for the Americas, Simon Nelson, SVP for the Middle East and North Africa…
CleverTap, user engagement and retention cloud platform, has expanded its core leadership with the appointment of Sidharth Malik as global CEO. The announcement comes as CleverTap accelerates its international growth and builds new capabilities to help digital consumer brands increase their customer retention and foster lifetime value, according to a statement. The statement said, “Formerly…
Verbit, a voice AI transcription and captioning company, has announced that it has closed its Series E funding round at $250 million, after securing a $150 million primary investment and $100 million in secondary transactions. The round was led by a $200 million investment by Third Point Ventures, with additional participation by existing investors Sapphire…
Swan Energy Limited announced the appointment of Kundan Bhanawat as Chief Operating Officer, effective immediately. Earlier, he was with JMJ Group as Chief Executive Officer. According to the company’s exchange filing, “it is hereby informed that the company has appointed Mr. Kundan Bhanawat as the Chief Operating Officer (COO) of the Company with immediate effect.”…
Dream Sports, India’s sports tech company with brands such as Dream Capital, FanCode, Dream11, DreamSetGo, Dream Game Studios, and DreamPay in its portfolio, has announced the completion of an investment of $840 Million at an $8 Billion valuation, led by Falcon Edge, DST Global, D1 Capital, RedBird Capital and Tiger Global. The round also saw…