Thomson Reuters, a multinational media conglomerate, announced the appointment of Steve Hasker as President and Chief Executive Officer, effective March 15. Hasker to succeed Jim Smith, the current President and Chief Executive Officer. Hasker has also been appointed to the Thomson Reuters Board of Directors, with Smith stepping down as a director. The company has…
Sumant Kathpalia, presently Head of Consumer Banking at IndusInd Bank will take over as the managing director and chief executive for the bank. The Reserve Bank of India has approved his appointment for a period of three years effective March 24, 2020. In their statement, the bank said – “As previously advised to the Exchanges,…
Wipro Limited, a leading global information technology, consulting and business process services company, announced that Designit, its strategic design arm, is opening a new studio in Dallas to bring the firm’s unique approach to strategic design to the city, signalling the expansion of the design-driven mindset outside of the traditional hotspots of Silicon Valley and…
Qure.ai , a leading healthcare AI startup, announced that it has raised $16 mn in a funding round led by Sequoia India and supported by MassMutual Ventures Southeast Asia. The company will utilise the funds to drive geographical expansion, expand product portfolio and support regulatory clearances. Prashant Warier, co-Founder and CEO, Qure.ai, commented, “We are…
Apollo Tyres, one of the world’s largest tyre manufacturers, announced that its Board of Directors has approved an issuance of compulsorily convertible preference shares in the company worth $150 million to an affiliate of Warburg Pincus, a leading global private equity firm focused on growth investing. The investment represents a primary capital infusion into the…
TVS Motor Company, a multinational motorcycle company, announced partnership with Motomundo SA, one of the largest, respected business groups in Honduras. Headquartered in India, TVS Motor Company is the flagship company of the USD 8.5 billion TVS Group with exports to over 60 countries. As a part of this association, Motomundo SA will facilitate the…
Infosys, a global leader in next-generation digital services and consulting, is all set to announce a state-of-the-art Cyber Defense Center in Indianapolis. This will be Infosys’ seventh global Cyber Defense Center and will complement the Infosys Technology and Innovation Center that was inaugurated in Indianapolis early last year. According to Infosys’ recent cybersecurity report, “Assuring…
The House of Somrus, the world’s fastest-growing line of liqueurs inspired by India, announced the appointment of Guy May as head of global business. His role will be to drive the company’s strategic expansion into international and duty-free markets. May joined House of Somrus in December from leading U.S. spirits supplier Sazerac Company, Inc., for…
Boeing has announced the appointment of Susan Doniz as the company’s Chief Information Officer and senior Vice President of Information Technology & Data Analytics, effective May. She will succeed Vishwa Uddanwadiker, who has served in an interim capacity since October 2019. In her new appointment, Doniz will oversee all aspects of information technology, information security,…
Concord Technologies, a leading provider of cloud-based fax and intelligent document automation software for healthcare providers and enterprises in other regulated industries, announced the appointment of Christopher Larkin as Chief Technology Officer (CTO). In his new appointment, Larkin will lead all of Concord’s strategic technology efforts, including product advancements, development of customer and partner educational…
SGO, a bearing manufacturer located in Incheon, Korea, announced that it had established a local subsidiary in India late last year to meet the demand for its popular bearings in the worldwide bearing market. SGO has already purchased 13,000 square metre of land in Chennai, India, and has decided to invest more than $4.5 million…
Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, has been ranked number one for customer satisfaction in the Whitelane Research 2019/2020 IT Sourcing Study, Europe’s largest independent survey of IT service providers. Customers voted TCS to the top spot for the seventh consecutive year, with an overall satisfaction score of…
Ummeed Housing Finance, a housing finance company, announced it has raised Rs 164 crore from a fund managed by Morgan Stanley Private Equity Asia. Existing investor LGT Lightstone Aspada also took part in the funding round. The Gurugram-headquartered company will utilise the funds to further expand its reach to newer geographies. The company will also…
PayU, India’s leading online payment solutions provider, announced two key appointments to its leadership team in order to scale-up its business. The company announced appointing Sudhir Sehgal as the Country Head and Manas Mishra to take charge as the new Chief Product Officer. In his new appointment, Sudhir Sehgal will be looking after the strategy,…
Bob Iger, has exited as CEO for The Walt Disney Company. The announcement was made by the company earlier this week. Post his exit as the CEO, Bob Iger will assume the role of Executive Chairman and will direct the Company’s creative endeavors, while leading the Board and providing leadership and guidance to ensure a…