Multinational technological manufacturer Flex recently announced the appointment of Michael Hartung as President of the Agility Solutions Segment. As part of the company’s succession planning, Hartung’s appointment follows Doug Britt’s notice of his intent to resign from the company. Hartung has been long associated with Flex for over 15 years. He has held various roles…
AI-based analytics provider startup Arturo, recently announced that it has reached its Series A goal of $8mn. The funding round was led by Crosslink Capital, a leading early-stage venture capital firm based in San Francisco. The round also saw participation from IAG Firemark Ventures, the venture capital fund for IAG, Australia’s largest general insurer. After…
Global provider of boiler efficiency solutions Clyde Industries recently announced it has established a new office, Clyde Industries India Private Limited, located in Balewadi, Pune, India. This new location serves India’s growing pulp & paper boiler cleaning needs, ranging from new soot blower and air port cleaner equipment, Fitness-to-Operate (FTO) inspections, repair/rebuild, aftermarket spares to…
Koch Industries, Inc, an American multinational corporation based in Kansas, announced it has completed the acquisition of the remaining portion of Infor from Golden Gate Capital. The financial details of the deal remain undisclosed. Infor, a global leader in business cloud software specialized by industry, has been a key component of Koch’s technological transformation. Infor…
Cato Networks, provider of the world’s first SASE platform, announced it has raised an investment of $77 million led by Lightspeed Venture Partners with the participation of Aspect Ventures, Greylock Partners, Singtel Innov8, U.S. Venture Partners (USVP), and Shlomo Kramer. Post investment, the company’s total funding amounts to over $200 million. It comes on the…
Present crisis due to the coronavirus is proving out to be a great time to experiment work from home as an alternative for the future business operations. Many companies around the world have started remote operations to deal with the current pandemic. However, Gartner, the world’s research and advisory company has come out with results…
TOTAL S.A , through its step-down subsidiary announced it has invested approx. Rs 3,707 cr for 50% partnership with AGEL in a Joint Venture (JV). The JV houses 2,148 GW operating solar projects operating across 11 states in India. The portfolio includes the Restricted Group 1 & 2 projects, which had recently raised $862.5mn from…
The airline industry globally is suffering the most due to the coronavirus pandemic. The novel coronavirus, which first originated in China, has now spread to almost every corner of the world forcing governments to take tough actions. Several countries have imposed national and international lockdown and put a ban on movement to prevent the transmission…
The fight against the coronavirus is turning out to be a long battle which needs to be fought with full force, planning, dedication and great support. The number of cases around the world are still on the rise creating great demand for health equipment, masks, PPEs, testing kits and others to deal with the crisis.…
Online marketplace Flipkart recently announced a partnership with Uber to provide people across Bangalore, Mumbai, and Delhi access to everyday essentials, amidst the ongoing national lockdown. This partnership will keep vital supply chains running and will address the growing needs of Flipkart customers to receive essential goods at their doorsteps every day. It will also…
Taro Pharmaceutical Industries Ltd. announced the appointment of Daphne Huang as Vice President, CFO and Chief Accounting Officer, effective today. Huang has over 20 years of senior executive experience in finance; most recently serving as Chief Financial Officer at Humanwell Healthcare USA & Puracap International, having financial oversight of their generic pharmaceutical and OTC portfolios.…
Gurugram and Patna-based agritech startup DeHaat recently announced that it has raised $12mn (₹83Cr) from investors. The recent funding round was led by Sequoia India and saw participation from FMO, the Dutch entrepreneurial development bank along with existing investors Omnivore and AgFunder. According to the company website, DeHaat is a technology-based platform offering full-stack agricultural…
LGT Lightstone Aspada, a patient capital and early-stage investor, announced it will be investing about Rs 54 crore in healthcare supply chain platform Akna Medical. This is LGT Lightstone Aspada’s sixth deal in the past two months. Akna Medical will use the funds to scale up operations across the country and to deepen the technology…
The National Association of Software and Services Companies or NASSCOM has recently announced the appointment of Infosys’ Chief Operating Officer UB Pravin Rao as Chairman for 2020-21. Pravin will be succeeding WNS Global Services Group CEO Keshav Murugesh. The industry body also appointed Rekha Menon, Chairman and Senior MD of Accenture in India as the…
Tata Power Solar Systems Limited (Tata Power Solar), India’s largest integrated solar company and a wholly-owned subsidiary of Tata Power, announced it has received the Letter of Award to build the 300 MW CPSU-II for NTPC at an all inclusive price of ₹ 1,730.16 crore. The Commercial Operation Date (COD) for this grid-connected solar photovoltaic…