Indicating strong health of entrepreneurship, both entrepreneurial activity and established business ownership in the United States have trended upward over the past 19 years, according to the 2019–2020 Global Entrepreneurship Monitor Global Report. In addition, there is a growing positive disposition toward entrepreneurship, as well as recognition of the overall benefit of entrepreneurial activity and…
Thomson Reuters announced the appointment of Kirk Koenigsbauer to the company’s Board of Directors, effective immediately. “For more than three decades, Kirk has been at the vanguard of information-enabled software and tools for some of the world’s most recognized brands,” said David Thomson, chairman of Thomson Reuters. “Kirk is a proven leader who inspires teamwork…
Beeline, a global leader in software solutions for sourcing and managing the extended workforce, and The Mom Project, a digital talent marketplace focused on working mothers, have partnered to connect women with rewarding work opportunities and employers that respect their work-life integration considerations. The Mom Project Talent Marketplace was created to ensure women can choose…
Heidrick & Struggles, a premier provider of executive search, leadership assessment and development, organization and team effectiveness, and culture shaping services globally, announced that as part of its annual promotions process, the firm has promoted 23 Partners and 22 Principals in its search and consulting businesses globally; these promotions were effective beginning January 1, 2020.…
Procter & Gamble has awarded Publicis Groupe’s Power of One team – PG One – with two Agency Excellence Awards for exceptional work and partnership over the past year. The recognition is testament to sustained creative and operational excellence, helping P&G more effectively connect with consumers to drive business across the many aspects of brand…
Delhi-based coffee startup Sleepy Owl recently announced that it has raised an undisclosed amount in Series A funding round. The funding round was led by Rukam Capital and AngelList India. Existing investor DSG Consumer Partners also participated in the fundraising. Post the investment, the startup would have raised ₹16Cr in total funding. The company plans…
ArcelorMittal Nippon Steel or AM/NS, a joint venture between ArcelorMittal and Nippon Steel recently announced that it has completed the acquisition of Bhander Power Plant in Hazira, Gujarat from Edelweiss Asset Reconstruction Company. Bhander, a natural gas-based thermal plant with an installed capacity of 500 megawatt (Mw), will remain captive to AM/NS India’s steel manufacturing…
Global sports brand Puma, recently announced that it has elevated its India Managing Director to General Manager India and Southeast Asia. As per a letter to its business partners, Puma SE Global CEO Bjorn Gulden said, “With his extended responsibility, Puma Southeast Asia will benefit from the management expertise of Abhishek Ganguly, while he continues…
The company plans to lay off about half of 6,000 employees from its China operations. The recent coronavirus outbreak has forced the travel industry on its knees forcing businesses to take tough measures. Indian hospitality unicorn OYO Hotels and Homes is reportedly cutting down its global workforce by about 5,000 to 25,000 people. The biggest…
Jindal Stainless Limited (JSL), India’s largest stainless steel manufacturer, announced it has successful exit from the Corporate Debt Restructuring (CDR) framework with effect from March 31, 2019. JSL received a letter from the consortium of CDR Lenders to this effect. Pursuant to this, existing CDR lenders have realised the full recompense of about Rs 275…
Fintech unicorn PayTM recently announced that it has decided to shut all its 6 offices in Delhi-NCR for at least two days after one of its employees from Gurugram tested positive for COVID-19 (Coronavirus). PayTM has five offices in Noida and one in Gurugram, Haryana. In an official statement, the company informed that it asked…
ElectrifAi, a global leader in practical artificial intelligence (AI) and machine learning (ML) products, announced four new senior leadership hires to help scale its global business. The new ElectrifAi team members include: Jim McGowan, SVP cloud partners – Jim will be responsible for managing all cloud platform relationships including Google Cloud Partner, Microsoft Azure, Amazon…
Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, has successfully implemented the TCS HOBS Product Portfolio Management (PPM) solution for Airtel, accelerating its digital transformation journey. The implementation has enabled the telecom giant to create personalized offers and make these offers available in the market instantly. Airtel partnered with TCS…
Carey International, the global leader in chauffeured service and ground transportation management announced that it has named Mitchell J. Lahr to the role of President and Chief Executive Officer. Lahr, who previously held the position of Carey International’s Chief Financial Officer, will assume the role of President and CEO immediately. “Mitch celebrates a 20-year tenure…
Carrier, a leading global provider of HVAC, refrigeration, fire and security solutions, announced the appointment of Chris Nelson as President of its global HVAC products and services business. This appointment combines Carrier’s residential and commercial HVAC business units under a single leader, aligning with its planned reporting segments as a soon-to-be public company. Carrier is…