The coronavirus pandemic has hit the airline industry really hard. With the government imposing a 21-day lockdown and putting a ban on all kinds of travel, airlines have been forced to ground their flights and send employees home. Many experts are even predicting that if the situation prevails longer than expected, several domestic airlines will…
OmniSci, the pioneer in accelerated analytics, announced its expansion to Asia. It appointed Joseph Lee as Global Sales Vice President. The firm has also hired Joseph Lee as Vice President of Global Sales, and Herfini Haryono as Vice President of Industry Verticals to further strengthen regional presence. “OmniSci continues to enjoy a strong growth trajectory…
In order to make the nationwide lockdown successful so that the coronavirus crisis can be contained, companies are taking initiatives to provide all essential products delivered at home. Marico Ltd, India’s leading consumer goods company announced it will be delivering essential products in Delhi NCR and Bangalore, and soon will be starting this service in…
Piper Sandler Companies, a leading investment bank and institutional securities firm, announced it has completed its acquisition of The Valence Group, an international investment bank specializing in the chemicals, materials and related sectors. The Valence Group will operate as Piper Sandler’s new chemicals & materials group, adding yet another industry-leading advisory practice to the Piper…
ProSpark, a Singapore-headquartered B2B learning management system, announced it has secured an undisclosed funding led by Indonesian VC firm Agaeti Ventures. Other investors that took part in the funding round are Prasetia Dwidharma and angel investor Adi Adisaputro. ProSpark, which fosters capability building in organisations by bringing a distributed content marketplace and gamified engagement, will…
DiMuto, a Singapore-based agri-food trade tech solutions company, announced it has received an undisclosed sum in investment from Singapore-based VC studio, Latin Leap, to broaden its footprint in Latin America. DiMuto offers an IoT- and AI-powered platform to provide end-to-end supply chain visibility to global agri-food businesses. Using blockchain, it digitalises the agri-food supply chain…
The ongoing coronavirus pandemic has crippled the economy with many experts fearing a global recession, possibly worse than the 2009 financial crisis. The impact of the pandemic can already be seen in the industries. The travel and hospitality industry has been the worst hit among all due to lockdowns and travel restrictions imposed by governments…
BioCryst Pharmaceuticals, Inc. announced the appointment of Anthony Doyle as senior vice president and chief financial officer (CFO). Prior to this role, Doyle was working with Worldwide Clinical Trials, a full-service global contract research organization, where he has served as CFO since 2014. From 2004 to 2012, Doyle held a series of increasingly responsible roles…
Obviously AI, a San Francisco-based data science platform, announced it has raised an undisclosed amount from Arka Venture Labs. According to a media report, Arka Venture Labs is known to invest nearly $500k in startups, and participates in Pre-Series A rounds. Obviously AI will use the latest funding to ramp up its sales. Founded in…
The novel coronavirus which originated from China has now started to engulf India. So far, the virus has claimed more than 80 lives in India and infected more than 3,000 people. The COVID-19 pandemic presents an unprecedented challenge to the nation. This crisis calls for an even stronger and concerted action from corporate citizens to…
Japanese automobile manufacturer Nissan Motor Company Ltd recently announced the appointment of Guillaume Cartier as the Senior Vice-President and the new Chairman for Africa, Middle East, and India markets and head of Global Datsun Business Unit, with immediate effect. Nissan in an official statement said, “In his new role, Cartier will lead the regional management…
Mumbai-based fintech startup Fingpay, a company owned by Tapits Technologies, announced it has raised Rs 27 crore Series A round of funding from early-stage investment firm IvyCap Ventures, as per the company’s statement. Fingpay will use the proceeds from the latest round of funding to add various banking and financial products on the platform that…
More than 1 million people have been infected and at least 51,000 have died in more than 170 countries from the coronavirus. According to the health officials, social distancing remains the best way to slow the spread. In India, when the country is under complete lockdown for 21-days, all efforts are made to contain the…
The pandemic and the concern related to the extent of damage it can cause had brought in a good degree of participation form major corporations, philanthropists, and business leaders to support the fight against the pandemic. Simpolo Ceramics announced its contribution of Rs. 50 lakhs to PM & CM Care funds to fight the COVID…
MOIL, a state-owned manganese-ore mining company, announced it will be contributing Rs 45 crore to the PM-CARES fund to support the cause for the fight against Covid-19 pandemic that has already impacted millions of lives in the world. The company in its press statement mentioned how it has been following the impacts of coronavirus in…