Pariksha, a Pune-based edtech startup, announced that it has raised an undisclosed amount of funds in an extension of its Pre-Series A funding from a clutch of angel investors. Earlier, in 2019, the company had raised Rs four crore in a Pre-Series A round led by VCats. The Pre-Series A round was led by INSEAD…
CSS Corp, a new-age IT services and technology support company, announced that it has divested Glow Networks to Altruist Technologies Private Limited, a multinational provider of telecom and business process optimization solutions. The sale was concluded in March 2020. Glow Networks is a network design and deployment services company which was acquired by CSS Corp…
VVDN Technologies, a leading premier product engineering, cloud and manufacturing company, announced the opening of its 10 acre Global Innovation Park at Manesar, Gurugram. The new innovation park will help in strengthening the company’s engineering service offerings and increasing its manufacturing capacity. VVDN’s new Global Innovation Park at Manesar is spread over 10 acres. This…
Layoffs have now become a common practice to conserve cash amid the coronavirus pandemic. Even though the governments have repeatedly asked organizations to not resort to job cuts, companies are rapidly laying off staff. Recently, another IT-BPO company Amdocs laid off about 150 employees amid the coronavirus crisis, leaving employees stranded and helpless in such…
In Mind Cloud, an independent software vendor for manufacturing sales platforms has named Peter Schmidt to the newly created role of Chief Revenue Officer (CRO). In his new role, Schmidt will be globally responsible to align In Mind Cloud’s Sales, Marketing and Customer Success to create an unparalleled customer experience, the company said in a…
ACL Airshop, a worldwide provider of ULD, cargo control and air freight products and services for the aviation industry, announced that it has appointed Mark Edwards as Managing Director of its Asia Pacific region. He will report directly to Jos Jacobsen, COO International regions and Managing Director – Global Leasing. “We are announcing Mr. Mark…
Itilite Technologies, a Bengaluru-based digital travel management startup that offers SaaS-based integrated travel desk solution for corporates, announced that it has raised $13 million Series B funding led by Greenoaks Capital and Vy Capital. Existing investors Matrix Partners India and others participated in the funding round. The company will utilise the current funding to fuel…
As the government planned to allow certain relaxations in its lockdown advisory after April 20, E-commerce companies were aiming for a renewal of services. But in a surprising move, the government has made a U-turn and revised its order. The government had recently released its lockdown guidelines, which allowed e-commerce companies to operate fully and…
The airline industry has long been in a soup due to the novel coronavirus outbreak. But things got even worse for the sector post the governments imposing nationwide lockdowns and travel-bans. It is being predicted that if the lockdown gets extended any further, several budget carriers will have to file for bankruptcy. In an attempt…
The airline industry has long been in soup due to the novel coronavirus outbreak. But things got even worse for the sector post the governments imposing nationwide lockdowns and travel-bans. It is being predicted that if the lockdown gets extended any further, several budget carriers will have to file for bankruptcy. In an attempt to…
PhosAgro, the world’s leading producers of phosphate-based fertilisers, has announced the appointment of Siroj Loikov as its first Deputy CEO. In his new position, Loikov will coordinate the work of the Company’s headquarters in Moscow, its management company in Cherepovets and the Company’s production sites. He will also oversee the implementation of the PhosAgro’s priority…
Hyundai Motor India has announced that the company has entered into a partnership with French company Air Liquide Medical Systems (ALMS) for the production and supply of ventilators in Tamil Nadu and other states. France-based ALMS is present in India through a subsidiary which is based out of Chennai. Through the partnership, both companies are…
ManyChat, a San Francisco-based chat marketing platform, announced that it has acquired Converlytics, which enables businesses to track, analyze, and quantify valuable attribution analytics connecting Facebook Messenger to Shopify. Post acquisition, ManyChat Pro users can have access to more robust analytics at no additional charge, enabling them to pinpoint marketing dollars to specific campaigns. “As…
Jaguar Land Rover, a subsidiary of Tata Motors has announced a sharp decline in its retail sales in the fiscal 2019/20 by 12.1% in comparison to fiscal 2018/19, primarily as a result of the coronavirus pandemic that has significantly impacted sales in the fourth quarter of the fiscal year. “The total retail sales for the…
Eros International, a global Indian entertainment company and STX Filmworks, Inc., a global next generation media company, announced that they had entered into a definitive stock-for-stock merger agreement to create the first publicly traded, independent content and distribution company with global reach and unique positions in the United States, India and China. The combined company…