Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, has launched the Business Ecosystem Integration Services (BEIS) suite, to help businesses integrate with larger ecosystems and create new customer-centric, augmented offerings. In a Business 4.0 world, enterprises are reinventing their business models to create new products and services, switching from a…
Fox Corp., the broadcast news and entertainment company, has agreed to acquire the streaming service Tubi TV for $440 million. Fox advised by Allen & Co. on the deal, while Qatalyst Partners served as Tubi’s sole financial adviser. Post acquisition, Tubi will bring a new digitally native consumer offering to Fox with younger-skewing audience that…
Agnikul, a space technology startup, announced it has raised Rs 23.4 crore pre-series A funding led by Pi Ventures. Other investors that took part in the funding round include: Hari Kumar of LionRock Capital, Artha Ventures, LetsVenture, Globevestor, and IIM-Ahmedabad’s CIIE. Existing investor Speciale Invest also took part in the funding round. The Chennai-based startup…
Global e-commerce giant has partnered with Snowman Logistics for the delivery of FMCG perishables including vegetables, fruits, eggs, frozen food and groceries. A pilot project in stealth mode was launched in Mumbai late last year with Western Maharashtra as the focus. As part of the pilot, Snowman Logistics set up a collection centre in Manchar…
Salesforce announced it has hired Arundhati Bhattacharya, the former State Bank of India chairperson to head its India operations. Bhattacharya will take over as the Chairman and CEO of Salesforce India, effective April 20. She will report to Ulrik Nehammer, General Manager APAC. “India is an important growth market for Salesforce and a world-class innovation…
GoAir, India’s low fare carrier, turns the first airline in the country to ask its employees to go on rotational leave without pay amid massive disruptions caused in the aviation industry due to coronavirus. “The sharp decline in air travel that we are currently experiencing is unprecedented,” the airline said. GoAir has started a “rotational…
Cognizant, the New-Jersey headquartered IT services provider, has been making massive changes in the ways it used to handle its operations. The company has been going through a major transformation under its CEO Brian Humphries, who took charge in April 2019. Under Humphries, the company announced its plan to remove 10,000-12,000 mid-to-senior level associates globally,…
HSBC Holdings plc has announced the appointment of Noel Quinn as group chief executive with immediate effect. Earlier in August 2019, Quinn had been appointed as interim chief after the sudden exit of John Flint from CEO’s position. Flint, a 30 year HSBC veteran started at the financial conglomerate in 1989, took over the CEO…
The District Magistrate, Gurugram has issued an advisory to all offices located in Gurugram district to allow their employees to work from home till 31st March 2020. As per the advisory issued by DM, Gurugram: “In compliance of “The Haryana Epidemic Disease, Covid-19 Regulations 2020 dated 11.03.2020″ notified under Epidemic Disease Act, 1897, all MNC,…
Urban Company, a Gurugram-based company that allows skilled and experienced professionals to connect with users looking for specific services, announced it has acquired Glamazon, the Australian on-demand beauty company. According to the Company’s statement: Lauren Silvers, a cofounder of Glamazon, will now lead the launch of Urban Company’s beauty and wellness offerings in the Australian…
Revising a forecast published March 12, UCLA Anderson Forecast economists say the U.S. economy has entered a recession, ending the expansion that began in July 2009. The revised forecast, which incorporates data reflecting a rapidly changing U.S. economy, together with a review of the 1957–58 H2N2 influenza pandemic, is for the recession to continue through…
Newly released by PwC, COVID-19 CFO Pulse Survey: What finance leaders are focused on reveals how chief financial officers (CFOs) and finance executives in the US and Mexico plan to react to the COVID-19 outbreak and what business and economic impacts they anticipate in the coming weeks and months. Fifty finance leaders weighed in from…
FusionCharts, a provider of a JavaScript charting library for your web and enterprise applications, announced its acquisition by US-based business software firm Idera Inc for an undisclosed amount. Earlier in 2018, Houston-based Idera acquired Bengaluru-based database management tool provider Webyog. Post acquisition, FusionCharts to join Idera Inc’s developer tools business unit that includes software productivity…
Landmark Group, the Dubai-based retail and hospitality conglomerate, announced the appointment of Rishi Vasudev as its Chief Executive Officer for its brands Lifestyle International and Home Centre, effective June, 2020. Rishi Vasudev replaces Vasanth Kumar, who will be taking on an advisory role in the company. “Rishi’s experience in fashion and consumer understanding will be…
SmartCoin, a Bengaluru-based micro-lending startup, announced it has raised about $7 million in a fresh financing round, led by LGT Lightstone Aspada. Existing investors that took part in the funding round include Unicorn India Ventures and Accion Venture Lab. Earlier, the company had raised $2 million from Accion’s seed-stage, fintech-focused investment arm, and others. The…