MobiKwik, a fintech company has inducted four new independent directors. This comes post the filing of the company’s Draft Red Herring Prospectus with SEBI on 12th July 2021. The new appointments include experienced investment professional and former MD of Blackstone and Oppenheimer Dr. Punita Kumar Sinha, accomplished diplomat and the former Ambassador of India to…
OnMobile Global Limited (OnMobile), a mobile entertainment company, announced that its subsidiary OnMobile Global Solutions Canada Ltd. has acquired 100% stake in rob0, a startup that offers patent pending Vision AI technology. This investment is in continuation to the initial acquisition of 25% equity stake in May 2020, the statement said. rob0 gathers, analyses and…
Westlife Development has appointed Akshay Jatia to the company’s board of directors, with effect from 13 Aug, 2021. According to the exchange filing, the company said, “we would like to inform you that Mr. Akshay Jatia has been appointed by the Board of Directors of the Company as an Additional Director on the said Board,…
Verizon Communications Inc. announced the election of Carol B. Tomé to the its Board of Directors, effective September 1, 2021. Tomé is the CEO of United Parcel Service, Inc. (UPS), the world’s largest package delivery company and a premier provider of global supply chain management solutions. She has served as a director of UPS since…
The Russian Direct Investment Fund (RDIF, Russia’s sovereign wealth fund), and Wockhardt Limited, a global pharmaceutical company headquartered in India, have partnered to produce and supply Sputnik V and Sputnik Light vaccines against COVID-19. The agreement was reached under the aegis of Enso Healthcare (part of Enso Group), RDIF’s coordination partner for sourcing Sputnik V…
Schneider Electric has named Amol Pathak as Whole-Time Director of the company, effective from August 12, 2021. Amol Phatak has been working with Schneider since 2006 and has been appointed as Additional Non-Executive Director on the Board of the Company effective from April 1, 2021. He is also designated as Occupier of factories. Phatak has…
Intel Corporation announced the appointment of Christy Pambianchi as Executive Vice President and Chief People Officer, effective September 7. She will report directly to Pat Gelsinger, CEO, Intel Corporation. In her new role, Pambianchi will head the Human Resources organization with a mandate to attract, engage and retain the best talent as Intel strengthens execution…
Electric mobility startup MetroRide has announced that it has secured an undisclosed funding in its seed round. The round saw participation from angel investors such as Sudhir Pai, Shailesh Powdwal, Bhagirath Tanna and entrepreneur Sushant Divakar. A statement said, “the funds will be used to expand its all green and 100 percent EV fleet’s footprint…
Tata Consultancy Services (TCS), a global IT services, consulting, and business solutions organization, has been named to the Microsoft Business Applications 2021/2022 Inner Circle, for the second consecutive year. This is based on TCS’ sales achievements that place it in the top echelons of Microsoft Business Applications’ global network of partners, resulting from the high…
Hash, a D2C millennial cigarette brand, has announced that it has raised close to US$ 3.5 million (INR 25 crores) in recently concluded angel round. The round, that was led by Amrac Investment Trust, also saw participation by marquee angels – Kunal Shah (Founder, Cred, ex-Freecharge), Jitendra Gupta (Founder and CEO, Jupiter), Ashneer Grover (Co-Founder…
Mumbai-based global robotics startup Miko has said it has raised $28 million in IIFL AMC led Series B funding round. The round saw participation from Aroa Ventures – family office of OYO founder Ritesh Agarwal, Mankind Pharma Family Office, Asian Paints’ Manish Choksi, among other investors. Existing investors including IvyCap Ventures, YourNest Capital, Chiratae Ventures,…
Greenlam Industries appointed Yogesh Kapur as an Independent Director of the company. Greenlam is an end to end surfacing solutions provider with presence in over 100 countries. “The Members of the Company at the 8th Annual General Meeting (AGM) held on Thursday, August 12, 2021, have approved the appointment of Mr. Yogesh Kapur (DIN: 00070038)…
EID Parry India Limited, a company engaged in the business of Sugar and Nutraceuticals, announced it has appointed A. Sridhar as Chief Financial Officer, effective from August 13, 2021. According to the exchange filing, “The Board of Directors of the Company at its meeting held on I August 12 , 2021, have approved the appointment…
Doxel, a software start-up providing the first computer-vision-powered predictive analytics solution for the construction industry, has announced the closing of $40 million in Series B financing – bringing its total funding to $56.5 million. The investment, led by New York-based global private equity and venture capital firm, Insight Partners, with participation from existing investors Andreessen…
GMR Infrastructure Limited (GIL) announced the receipt of total First Tranche Consideration towards the sale of equity owned by its wholly owned subsidiary GMR SEZ and Port Holdings Limited (GSPHL) of its entire 51% stake in Kakinada SEZ Limited (KSEZ) to Aurobindo Realty and Infrastructure Private Limited (ARIPL). As part of the said transfer of…