HCL, a global conglomerate, announced the launch of a new program, ‘HCL Concerts – Baithak’, to help people access live virtual performances by both young and accomplished Indian classical music and dance artists. ‘HCL Concerts-Baithak’ will be a platform for artists to create music that translates into an experience of calm, positivity and optimism for…
PayPal Holdings, Inc., announced that the company is now providing access to small business loans through the U.S. Small Business Administration (SBA) Paycheck Protection Program. This follows approval from the SBA for PayPal to participate in the program as one of the first non-bank institutions. “Small businesses have been hit especially hard by the coronavirus…
Alphabet and Google CEO Sundar Pichai has donated ₹5Cr to non-profit Give India, thus matching Google’s earlier donation of ₹5Cr to the online NGO donation platform. Thanking Pichai, Give India in a tweet said, “Thank you @sundarpichai for matching @Googleorg’s Rs 5 crore grant to provide desperately needed cash assistance for vulnerable daily wage worker…
The state of Maharashtra has become the worst affected state in India due to the coronavirus pandemic. The state so far has confirmed 1,619 positive cases and about 140 people have lost their lives. The state’s capital Mumbai, which is also the financial capital of India has since last month came to halt. Organizations which…
Wellthy Therapeutics, a diabetes management startup, has recently raised $4mn in a pre-Series A funding round from early-stage VC firm Saamna Capital. The recent funding in the startup comes after a two year gap when the company had raised seed funding from Ranjan Pai’s family office MEMG, according to an Entrackr report. In 2018, the…
Cyient, a global engineering and technology solutions company has announced that AnSem, a Cyient company, has received the ISO 13485:2016 certification for design and supply of integrated circuits to the MedTech market. AnSem is Cyient’s center of excellence for custom turnkey mixed-signal ASICs and is managing its complete life cycle—from design requirements to high-volume production…
Mumbai-based on-demand logistics marketplace, Porter, has recently announced it has raised ₹140Cr in Series D funding round from Lightstone Global Fund. The recent fund infusion comes at a time when logistics is a big issue for the organizations that are delivering essential services at doorstep due to ongoing lockdown. According to the company filings made…
Capital Float, a Bengaluru-headquartered non-Banking Finance company, announced it has raised $15 million (about Rs 110 crore) from its existing investors. Ribbit Capital, Amazon, SAIF Partners and Sequoia Capital India participated in the latest round. The company will use the funds to bolster its capital base and expand its lending operations to small and medium…
Darmiyan, Inc. has announced that it has closed a $6 million seed investment round led by the pharmaceutical giant Eisai, creating a major business collaboration opportunity between the two companies, one focused on advanced brain diagnostics, and the other focused on Alzheimer’s therapeutics. Other investors that took part in the funding round include IT-Farm and…
As the world fights the COVID-19 pandemic, individuals as well as organizations are doing their bit for support the frontline workers and the less-privileged sections of society. On April 12th, 2020, the QSR leader McDonald’s India and Paytm, India’s leading digital payments & financial services platform joined hands to distribute safe and hygienic food to…
Max Life Insurance Co. Ltd and YES BANK Limited, announced a 5-year extension to their strategic bancassurance relationship. Through this renewal of their bancassurance partnership both the companies will invest in building a digitally enabled ecosystem that will provide a seamless experience for customers in their financial planning and protection journey. For the past 15…
Global HR Research, a background screening provider, announced the appointment of Eric Higginbotham as Chief Technology Officer. Eric brings over 20 years of experience in technology as a Developer, Database Administrator, IT Administrator, and Technology Leader. Prior to this role, Eric had served in Black Diamond Performance Reporting as the Senior Vice President of Engineering and…
In an attempt to provide essential commodities to Indians stuck at their homes due to the lockdown, E-commerce platform Flipkart and TataConsumer Products Limited has signed a partnership. As part of the partnership, Tata Consumer Products’ distributors will list as marketplace sellers on the Flipkart platform. Consumers can use the Flipkart platform to buy different…
OPPO, a leading global technology brand announced that it would license its worldwide 3G and 4G standard-essential patents to the IoT and automotive markets through leading patent licensing platform Avanci. According to the Company’s press release, “OPPO has been strengthening its R&D capabilities and innovations to support the company’s aim of providing cutting-edge smart devices…
GMR Airports Limited (GAL), a subsidiary of GMR Infrastructure Ltd, announced that it has received the Letter of Award (LoA) for the development and operations of Greenfield international airport at Bhogapuram in Andhra Pradesh from the Government of Andhra Pradesh. In February 2019, GAL had emerged as the highest bidder for project on a PPP…