Category: News

Shipsy rebrands to mark significant growth and rapid technological developments

Shipsy, a smart logistics management platform, announced its rebranding. The move aligns with the company’s vision to be the global SaaS leader for logistics and global trade management. The transformation will see Shipsy drifting from a product-led approach to devising cutting-edge solutions for numerous use cases across industries. The development is reflected through their new…

Vedashri Chaudhari appointed Company Secretary & Compliance Officer at Emerald Leisures

Emerald Leisures Limited (Club Emerald), a Mumbai-based ultramodern club with state-of-the art design & new generation Indoor Sports Complex, has appointed Vedashri Chaudhari as Company Secretary and Compliance Officer, effective from August 14, 2021. According to the Company’s exchange filing, “This is to inform that Ms. Vedashri Chaudhari, associate member of the Institute of Company…

Adani Group to acquire MBCPNL portfolio from Sadbhav Infrastructure at an Enterprise Value of Rs 1,680cr

Adani Road Transport Ltd (ARTL), a wholly owned subsidiary of Adani Enterprises Ltd (AEL), has entered into a definitive agreement to acquire Maharashtra Border Check Post Network Ltd (MBCPNL), a subsidiary of Sadbhav Infrastructure Project Limited (SIPL). ARTL, which develops, constructs, operates and manages roads and highway projects in India, will acquire a 49% stake…

3i Infotech CFO Mrinal Ghosh resigns

3i Infotech Limited, a Mumbai-based global IT company, announced the resignation of Mrinal Ghosh as Chief Financial Officer, effective from 14th September, 2021. According to the exchange filing, “This is to inform you that Mr. Mrinal Ghosh- Chief Financial Officer and Key Managerial Personnel of the Company has tendered his resignation dated 16 th August…

Vinod Eswaran appointed Global CFO at HTC Global Services

HTC Global Services appointed Vinod Eswaran as Global Chief Financial Officer, effective immediately. In this new role, Vinod will lead Finance, Accounting, and Management Reporting of the enterprise and will report directly to Madhava Reddy, CEO and Founder, the statement said. Vinod brings a wealth of expertise in finance having had an outstanding career at…

Cyble ropes in Kaustubh Medhe as Head of Research and Intelligence

Cyble, an AI-powered, Y Combinator-backed, cyber threat intelligence company that empowers organizations with darkweb & cybercrime monitoring and mitigation services, announced that Kaustubh Medhe, former Assistant Vice President – Information Risk Management & Cybersecurity at Reliance Industries Group, has taken over as the Head of Research and Intelligence at Cyble. In his new role as…

Former Sharekhan CIO Rohit Ambosta joins ICICI Securities

Ex-Sharekhan Chief Information Officer Rohit Ambosta has joined ICICI Securities (I-Sec) as Head of New Solutions Group. In his new role, Ambosta would be responsible for the products, technology architecture design, development, and launch new initiatives, the statement said. Prior to Sharekhan, Ambosta served as CIO and Assistant Director at Angel Broking, where he successfully executed several…

Rajesh Meena appointed Head of Operations at Fashinza

Fashinza, a global B2B manufacturing startup, announced hiring of a senior leader to drive its global and Indian expansion. Their new executive leader Rajesh Meena, Head of Operations will play a critical role, as the company continues to see accelerated demand for its offerings, the statement said. After a recent round of funding from Accel Partners,…

Everli strengthens its leadership team, appoints Siddharth Goyal as CPO

Everli, Europe’s leading marketplace for online grocery shopping, announced it has onboarded three new additions to its executive leadership team. The move has scaled its leadership team to match its rapid international expansion and ambitious plans to further develop and expand its products and services for consumers and partners. The new hires include former Treatwell Director, Alice Coverlizza joining…

Bengaluru-based Rapido raises $52 mn in latest round of funding

Rapido, a startup that provides bike taxi services across Tier 1 to Tier 3 cities in India, announced it has raised $52 million from new investors including Shell Ventures, Yamaha India, Cred founder Kunal Shah and Amarjit Singh Batra, chief executive officer of Spotify India and Positive Moves Consulting. Existing investors Pawan Munjal of Hero…

Real Estate giant Eros Group to invest Rs 200Cr in Greater Noida

Real estate giant EROS Group announced the Launch of 6 more towers (2BHK and 3BHK) at its ongoing project Sampoornam. The towers, comprising 378 units and 14000 sq. meters in area, would be completed by early 2025. The total sales value of these towers will be around Rs 200 crore. An additional investment of Rs. 25…

Plum partners with RazorpayX Payroll to provide group health insurance benefits for startups

Plum, an employee health insurance platform, announced a partnership with RazorpayX,  to provide group health insurance benefits for companies with teams as small as two employees. Due to the low employee count, health insurance is prohibitively expensive and inaccessible for the startup segment. Most insurance providers offer group medical insurance to large enterprises, spreading the…

Hyatt announces acquisition of Apple Leisure Group

Hyatt Hotels Corporation announced that Hyatt has entered into a definitive agreement to acquire Apple Leisure Group (ALG), a leading luxury resort-management services, travel and hospitality group, from affiliates of each of KKR and KSL Capital Partners, LLC for $2.7 billion in cash. The transaction is anticipated to close in the fourth quarter of 2021, subject to customary…

TCS Among Top 4 Supply Chain Service Providers: HFS Research

Tata Consultancy Services (TCS), a global IT services, consulting and business solutions organization, has been ranked among the top four providers in the HFS Top 10 for Supply Chain Services. The report analyzes 11 leading service providers across innovation, execution, and voice of the customer. It looks at supply chain IT, business, and consulting services…

Noida-based PureSoftware announces global expansion plans, opens office in Africa

PureSoftware, a software company focused on fintech, 5G and digital transformation, announced the opening of its first office in Kenya. This new office will further expand the reach of PureSoftware’s digital solutions and its software products – Arttha Fintech and Arttha5G in the continent, the statement said. The opening of Nairobi office will enable PureSoftware to…