3i Infotech Limited, a global information and technology company committed to accelerating digital transformation, announced that it has been identified as one of the Representative Vendors in the 2023 Gartner Market Guide for Higher Education Student Information Systems 2023. The recognition is believed to have come at the back of 3i Infotech’s EdTech initiative –…
Virgin Music Group (VMG), a division of Universal Music Group (UMG), the world leader in music-based entertainment, announced the acquisition of Saban Music Latin. Under the terms of the transaction, Virgin Music Group will acquire Saban Music Latin’s catalogue and Virgin Music Group will release future albums by selected Saban Music Latin’s artists, a statement said. Selected artists included in Saban…
Sourcefit, a leading international business processing outsourcing (BPO) provider with operations centers in the Philippines, South Africa, Dominican Republic and Armenia, has successfully closed a significant strategic investment, attracting investments from prominent players 9 Basil, NextGen Ventures, and Rocket Equities. The strategic investment round demonstrates a decisive vote of confidence in Sourcefit’s business model and potential. Rocket Equities,…
FPT’s automotive technology subsidiary – FPT Automotive – officially opens its new office in Pune, India. This move aligns with FPT Automotive’s strategy to expand its global reach and workforce, following the company’s launch in Texas, USA in December 2023. With this new office, FPT Automotive expects to enhance its presence and delivery capacity to better serve…
Astreya, a leader in global IT Managed Services, to unveil a significant milestone with the launch of the Astreya Innovation and Delivery Hub in India, marking a new chapter in its journey of “Working Innovation.” This move is a reflection of Astreya’s steadfast commitment to harnessing the latest in empowering IT technologies, including AI, to meet…
Persistent Systems, a global Digital Engineering and Enterprise Modernization leader, announced a multi-year Strategic Collaboration Agreement with Amazon Web Services (AWS) to accelerate the pace of innovation and development of generative AI solutions for clients. Persistent is a long-standing AWS Partner and has a proven track record of early scale generative AI adoption across multiple industry verticals…
Tech Mahindra announced the appointment of Richard Lobo, former Infosys executive vice-president and head of human resources, as its chief people officer, according to ETHRWorld report. Lobo’s appointment comes as part of Tech Mahindra’s ongoing leadership restructuring under Managing Director and CEO Mohit Joshi, a statement said. “With over 25 years of experience in HR…
Online meat and seafood startup Captain Fresh has raised Rs 110 crore in funding from Andhra Pradesh-based Nekkanti Sea Foods and investment firm Shakti Finvest, according to ETtech report. The funding was done through an issue of 1,102 convertible preference shares at a price of over Rs 9 lakh each, the firm said in a…
Rashmi Govil, a senior HR executive at Indian Oil Corporation (IOC), is set to be next Director (Human Resources) of the state-owned firm. Her name for the job was recommended by the Public Enterprises Selection Board (PESB), according to PTI report. PESB interviewed 11 candidates, including five from IOC, before recommending Govil for the job,…
Accenture has completed the acquisition of 6point6, a U.K. technology consultancy, specializing in cloud, data, and cybersecurity. The acquisition enhances Accenture’s strategy and architecture capabilities, with a particular emphasis on central government, defense and security, and financial services, a statement said. The acquisition was previously announced on October 31, 2023, and adds approximately 400 technologists to serve…
Maidaan, a social edutainment platform raised an undisclosed amount in a Pre-Seed Round led by Inflection Point Ventures and EvolveX. We Founder Circle also participated in the round. The funds will be utilised primarily for driving product development, innovating on content, games, and tournament formats, a statement said. Maidaan stands as an innovative peer-to-peer edutainment…
Nippon Life India Asset Management Limited announced the appointment of Amol Bilagi as interim Chief Financial Officer of the company, with effect from January 4, 2024. According to the company’s exchange filing, “Subsequent to our earlier disclosure dated December 29, 2023, in respect of resignation tendered by Mr. Prateek Jain, Chief Financial Officer (a Key…
Würfel, a pioneering name in the world of premium modular kitchens and wardrobes, announced that it has successfully established its presence in 50 studios Pan India. Würfel Küche’s journey from its inception to becoming the largest premium modular kitchen brand in India has been marked by strategic expansion and a commitment to quality. Starting from scratch, the…
CitiusTech, a leading provider of healthcare technology services, solutions, and platforms, announced the appointment of Sudhir Kesavan as its Chief Operating Officer (COO) effective immediately. In his new role, Sudhir will be instrumental in steering CitiusTech towards the execution of its strategic vision and ensuring unparalleled service delivery excellence, a statement said. Dr. William Winkenwerder, Chairman,…
Adani Ports and Special Economic Zone Limited announced the appointment of Ashwani Gupta as Chief Executive Officer of the company, with effect from January 4, 2024. According to the company’s exchange filing, “we wish to inform you that the board of directors of Adani Ports and Special Economic Zone Limited (“Company”) has at its meeting…