The management of RBL Bank addresses the prevailing concerns around the bank which is based on misinformation, and warrants clarification. RBL Bank Is Well Capitalized: As per the statement, the Bank remains adequately capitalized with a capital adequacy ratio of 16.08% with Tier-1 at 15.02% (Significantly higher than the prescribed regulatory requirement at 11.5% and…
Mindtree, a leading digital transformation and technology services company, announced that it has signed an agreement with Realogy to support the company’s continuing digital transformation initiatives over the next five years. Through this partnership, Realogy Holdings Corp., the largest full-service residential real estate services company in the United States, has expanded its relationship with Mindtree…
HRNX and CloudMills have joined forces to offer the optimal platform, connector library and expertise to make integrations more accessible for all stakeholders. The merger will help the combined organization lead cost-effective integration solutions specifically designed for the multi-billion-dollar work technology market. “We are thrilled to become the only vendor with the capability to manage…
Zumper, the largest privately-held rental marketplace in the U.S., announced it has raised $60 million Series D funding led by new investor e.ventures. Post this round, the company’s total funding has crossed $150 million so far. Zumper will utilise the funds to accelerate the company’s mission, grow the sales and engineering teams, and invest in…
IXL Learning, the K-12 personalized learning platform, announced the acquisition of Vocabulary.com, the leading educational destination for improving literacy through vocabulary building. In 2019, the company announced the acquisition of Education.com, a leading online education destination for over 23 million teachers and parents. “Vocabulary.com is one of the most thoughtfully designed educational products we’ve seen,”…
Icertis, the leading provider of enterprise contract management in the cloud, announced the appointment of Pranali Save as Chief Human Resources Officer to lead the rapid growth of the company’s diverse, global team of Icertians. In her new appointment, Pranali Save will drive the implementation of innovative global strategies to accelerate hiring of top talent,…
Pennar Industries Limited, a leading value-added engineering products and solutions company, announced that it has bagged orders worth ₹550crore across its business verticals during the month of February 2020. The Pre-Engineered Buildings division received orders for Manufacturing Plants, Airport Terminal, Solar Mounting Structures and Warehouses from leading names such as MRF, Mega Wide – GMR…
Mindtree, a global technology services and digital transformation company, has been recognized by ISG as an archetype leader in digital transformation. The ISG Provider Lens Next-Gen ADM Services Archetype Report highlights Mindtree’s capabilities in continuous testing, agile development, digital business dedication and vision and future investment. ISG analysts specifically noted Mindtree’s capabilities in digital transformation.…
Luxury carmaker Jaguar Land Rover India recently announced that it has entered into a partnership with Tata Power to offer end-to-end EV charging solutions. Tata Power will provide charging solutions for Jaguar Land Rover in India, across its retail network of 27 outlets in 24 cities and at the customer’s residence and/or office. India’s largest…
Ride-hailing startup Uber Technologies Inc recently said that it will offer compensation to drivers and delivery people diagnosed with the coronavirus or placed in quarantine for up to 14 days. In an official statement, the company said that it has already started compensating drivers in some markets and is planning to implement the same benefits…
Student housing startup Stanza, recently announced that it will venture into managed housing for working professionals with a capacity of 10,000 beds in four cities. The company plans to add an additional 50,000 beds in the new segment with an investment of ₹150Cr for expansion. According to a LiveMint report, the company initially will focus…
Bengaluru-based virtual meetup startup Airmeet recently announced that it has raised $3mn in funding. The funding round was led by Accel India with participation from VentureHighway and Global Founders Capital. Other investors like CloudCapital, BetterCapital, 100x Entrepreneur Fund, and Sequoia Scout also participated in the funding round. Entrepreneurs and CXOs like Gaurav Munjal, Co-founder, Unacademy;…
Tata Communications, a global digital infrastructure provider, has been named as a Leader in Gartner’s 2020 Magic Quadrant for Network Services, Global for the seventh consecutive year. The Gartner Magic Quadrant assesses providers’ completeness of vision and ability to execute. According to the report, “Enterprises need greater network agility to support digital initiatives, and global…
Guardicore, a leader in internal data center and cloud security, announced the expansion of global operations, with the establishment of Guardicore Pvt. Ltd. in Mumbai, India. Guardicore India will be headed by Regional Director Pratik Raj Sharma, a cybersecurity industry veteran and former Regional Sales Director, Check Point, West India. “With a growing global customer…
The US economy added 273,000 jobs in February and the unemployment rate fell slightly to 3.5 percent. Previous months’ employment numbers were revised up significantly, reflecting a strong labor market heading into a period of increased uncertainty around the coronavirus outbreak. Some of the strongest employment gains were seen in education and health services, leisure…