Honda India Foundation, the Corporate Social Responsibility (CSR) arm of Honda group companies in India, announced it has pledged Rs 11 crore aid towards COVID-19 relief and prevention measures. The foundation will immediately supply 2,000 units of high pressure backpack sprayers to various government agencies. These light-weight powerful sprayers will be used for disinfectant fumigation…
The Ramco Cements has joined the battle against the coronavirus that has already caused immense destruction of lives across the world. The fight against the virus is not easy but the way people are uniting and showing support, it seems the world is ready to take on this battle in order to defeat the coronavirus.…
VEON Ltd., a global provider of connectivity and digital services, announces the appointment, effective from 6 April, of Alexander Torbakhov as Chief Executive Officer of Beeline Russia, VEON’s operations in Russia. He will report to VEON’s co-CEOs Sergi Herrero and Kaan Terzioglu. Alexander has more than 25 years’ experience, including most recently at X5 Retail…
S&P Global announced that it has named Dan Draper as CEO of S&P Dow Jones Indices effective June 15, 2020. He will replace Alexander Matturri who is retiring after 13 years of leading the index business.Draper will report to Douglas Peterson, President and CEO of S&P Global, and serve on the Company’s operating committee. He…
Companies are releasing regular updates to assure its employees and investors on its all business operations in order to counter any misinformation amid the current Covid-19 pandemic. Recently, Tata Steel released its update on India and European business operations. Now, Majesco has released its update related to business operations and other developments that took place…
Cyient, a global engineering and technology solutions company, announced that it had signed an agreement with Hitachi Rail to deliver a series of project engineering services to support Hitachi Rail accelerate the evolution of its signaling technology and expand and enhance its project execution capacity. As part of the agreement, Cyient will develop and operate…
SportsEdTV, a provider of free, world-class, online video instruction in over thirty sports, announced it has closed a $3 million Series A funding round. The funding round was led by a global sports-related venture capital fund and included private investors and professional athletes. The Florida-based company will utilise the funds to move forward with its…
Arthur D. Little (ADL) announced the appointment of Barnik Chitran Maitra as Managing Partner of its India office. Barnik has over two decades of experience with a proven track record of leadership ability and is also a technology expert, Silicon Valley investor, board advisor, published author and a renowned speaker. In his new appointment, Barnik…
Unimoni Financial Services, a global provider of money transfer, foreign exchange, payments and credit solutions, announced it has appointed V George Antony as Executive Vice-Chairman of Unimoni India. Prior to this role, Antony was a Non-Executive Director and Vice-Chairman to the Board after having served as Managing Director of the company in 2017. The Board…
Recko, a Bengaluru-based fintech startup, announced it has raised $6 million Series A funding led by Vertex Ventures Southeast Asia and India. Existing investor Prime Venture Partners also took part in the funding round. The startup will utilise the current funding towards hiring, product development, and expanding its presence outside India. Recko was founded in…
COVID-19 has impacted the global hospitality industry significantly with occupancies of various hotel chains being affected drastically. Many Indian startups in the segment are slashing salaries across levels to conserve cash and extend their runway. Indian hospitality unicorn OYO Hotels & Homes is no different than these startups affected by the pandemic. The Ritesh Agarwal-led…
India’s largest FMCG company Hindustan Unilever Limited (HUL), recently announced that it has successfully completed the merger of GlaxoSmithKline Consumer Healthcare Limited (GSKCH) with HUL. This merger was first announced in December 2018 and was subject to obtaining necessary approvals. It is being said that the acquisition is one of the largest deals in the…
Agritech startup Ergos recently announced that it has raised ₹35Cr in a Series A funding round from Aavishkaar Capital, the investment arm of Aavishkaar Group. It is being said that the Series A funding is expected to be a part of a larger INR 100 Cr round which will see participation from Aavishkaar Capital and…
The novel coronavirus pandemic has crippled the entire travel and hospitality industry. With a complete lockdown enforced in countries around the world and travel bans put in place by governments and organizations, all travel-related businesses have to come to a halt. The hospitality industry is suffering so badly that it has now resorted to layoffs…
As the coronavirus pandemic takes a toll on businesses around the globe, job cuts have started to become a common cost-cutting measure by organizations. Recently, according to a BBC report, British Airways is expected to announce the suspension of about 36,000 staff. It is being reported that International Airlines Group-owned British Airways has reached a…