Vedanta Limited recently announced the appointment of Sunil Duggal as the interim Chief Executive Officer of the company. Duggal’s appointment is followed by the resignation of Srinivasan Venkatakrishnan with effect from 5th April 2020, citing personal reasons. It is said that Venkat will rejoin his family in South Africa. Commenting on Duggal’s appointment, Vedanta Chairman…
Vedanta Limited, a subsidiary of Vedanta Resources Limited, has recently announced that company CEO and Director Srinivasan Venkatakrishnan will step down from his position. Srinivasan has decided to resign from the position citing personal reasons and is expected to rejoin his family in South Africa. According to an official press release, the company said, “Srinivasan…
Softbank-backed American online small business lender Kabbage is furloughing a “significant number” of its 500-strong US team. It is also completely closing down its office in Bangalore, and executive staff is taking a “considerable” pay cut, according to a report by TechCrunch. The company CEO Rob Frohwein has cited, “economic fallout of this virus has…
Cyient has joined the league of some of the big corporations who are fighting against the destructive coronavirus in the country. The company released its press statement mentioning steps taken in order to deal with the current Coronavirus crisis. Cyient, a global engineering and technology solutions company, announced that it has received clearance for its…
Covantis, the industry initiative that aims to modernize global trade operations, announced it has appointed Petya Sechanova as the company’s CEO. Stefano Rettore, an independent advisor to the organization said, “Petya brings a wealth of industry knowledge to Covantis and has been fundamental in shaping the initiative since its inception in 2018.” Sechanova has more…
Johnson & Johnson announced the selection of a lead COVID-19 vaccine candidate from constructs it has been working on since January 2020; and the rapid scaling of the company’s manufacturing capacity with the goal of providing global supply of more than one billion doses of a vaccine. The company expects to initiate human clinical studies…
BuyUcoin has announced its foray into the global crypto markets, after it was granted the crypto trade and wallet license in Estonia. The Delhi-based company plans to offer its platform into countries with legal framework and regulation for cryptocurrencies. Recently, the historic judgment by the Supreme Court of India rejuvenated the cryptocurrency industry and there…
Premier global nutrition company, Herbalife Nutrition, announced that John Agwunobi has assumed the role as Chief Executive Officer (CEO), succeeding Michael Johnson. The Company previously announced the planned succession of Michael Johnson on October 29, 2019. After 17 years at the Company, Johnson retires as CEO effective March 30, and will retire as Chairman on…
Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organisation, has been recognised as a Leader in the Gartner Magic Quadrant for Managed Workplace Services, Europe. “In Europe, organisations are embracing digital workplace transformations to enhance employee engagement, boost productivity and increase revenues. Moreover, the scope of workplace transformation is now…
The coronavirus pandemic has spread across nations, uniting people across the globe to fight this virus that has already claimed many lives. Now, Bharti Enterprises joins the fray against Covid-19, announcing a donation of over Rs 100 crore. According to the company’s press statement, “These are extremely challenging times as the world battles the biggest…
ValueLabs, a Hyderabad-based IT & Services company, announced a total donation of $730,000 to help address relief measures for the COVID-19 situation. In order to engage everyone who wants to contribute to this cause, the company launched a donation drive over the weekend, enabling their global workforce to join hands and pledge their donations. Within…
Unacademy, a Bengaluru- based education technology startup, announced it has acquired Kreatryx, an online preparation platform for various competitive exams including Graduate Aptitude Test in Engineering or GATE in a cash-and-stock deal. Post acquisition, Kreatryx will continue to operate as an individual entity. Kreatryx, a New Delhi-based online platform was founded by Ankit Goyal in…
Citing ongoing market meltdown due to the coronavirus pandemic, securities brokerage company IndiaNivesh announced the closure of its Portfolio Management Services (PMS) business. In an email to PMS investors dated March 29, IndiaNivesh’s Managing Director Sandeep Jain said, “In view of the current market volatility pursuant to the global outbreak of COVID-19 and its long…
MCX, the largest commodities bourse in India with a market share of more than 90%, is offering up to 3x more salaries to its select few employees, who are working from office. MCX employs around 400 people across India and 300 of them are based in its Mumbai headquarters. “Since last Friday, 50 of our…
US-headquartered IT firm Cognizant Technology Solutions is looking to pay an additional 25% of base pay to some of its employees in India and the Philippines as a major chunk of its offshore workforce is working remotely due to the coronavirus pandemic. As the world battles coronavirus pandemic, different companies are trying in their own…