Infosys, a global leader in next-generation digital services and consulting, announced a long-term strategic partnership with GE Appliance, a Haier company, to effectively streamline IT operations. As an IT services partner, Infosys will help GE Appliances modernize its IT infrastructure and run IT in managed services mode as part of the overall innovation and optimization…
Gurugram-based prop-tech startup Zvesta, recently announced that it has raised $5.5mn from Hindustan Media Ventures Limited. It is understood that the company will use these funds to build its brand and collaborative marketing for real estate aggregation across the country. The company’s primary focus is on building alliances and partnerships across India, strengthening through its…
Fintech startup PolicyBazaar recently announced changes in its top management. The online insurance aggregator has appointed former Venture Capital investor Sarbvir Singh as its new CEO. Company Co-Founder Yashish Dahiya will take up a broader group CEO role. It has also appointed Sharat Dhall as its new Chief Operating Officer. Prior to joining PolicyBazaar, Singh…
Nissan’s new Chief Executive Officer Makoto Uchida has recently claimed that he would accept being fired if he fails to turn around the automaker’s fate. Nissan has been struggling with declining sales in the aftermath of controversies surrounding Carlos Ghosn, it’s Ex-Chairman. Makoto took over the top executive job in December last year and has…
Unacademy, an education technology startup, announced it has raised $110 million from Facebook and General Atlantic. Post current funding, the company is valued at $510 million. Existing investors Sequoia India, Nexus Venture Partners, Steadview Capital and Blume Ventures also took part in the funding round. Apart from that, investments were made by Flipkart CEO Kalyan…
Whatfix, a San Jose-based digital adoption solutions provider, announced it has secured $32 million in a Series C funding round led by Sequoia Capital India. Existing investors such as Eight Roads Ventures, F-Prime Capital, and Cisco Investments also took part in the funding round. The company will utilise the funds developing its product and further…
HSBC (The Hongkong and Shanghai Banking Corporation) Holdings Plc recently announced that the bank will witness a major overhaul that would reduce the number of staff to 200,000 from 235,000 over the next three years. The announcement comes after the bank reported that it has missed the pre-tax profit expectations after the bank took a…
Rockwell Automation, Inc., announced it has acquired Italy-based ASEM, S.p.A.. ASEM provides a complete range of Industrial PCs (IPCs), Human-Machine Interface (HMI) hardware and software, remote access capabilities, and secure Industrial IoT gateway solutions. Fran Wlodarczyk, Senior Vice President, Architecture & Software at Rockwell Automation, said, “ASEM’s strength in the IPC market and expertise in HMI…
CSG announced that it has appointed Sudhansu Panigrahi as vice president and center head of the company’s India location. In his new role, Sudhansu will lead an expanding group of experts in Bangalore. “CSG is extremely pleased to add such a forward-thinking, qualified member of the information technology industry to our team,” said Christine Mellon,…
Leading solar rooftop solutions provider Vikram Solar has reportedly decided to lay off 320 employees from one of its manufacturing facilities at Falta in the state of West Bengal. The recent layoffs come just ten days after industry veteran Saibaba Vutukuri took charge as the Chief Executive Officer. Through the means of a media statement,…
GoAir, a Wadia Group owned low-cost airline, announced that it has appointed Praveen Iyer as its Chief Commercial Officer. In his new appointment, Iyer will be responsible for commercial strategy, revenue, sales and network planning. Prior to GoAir, Iyer was with visa enabler VFS Global as its Chief Operating Officer. Prior to that, Iyer has…
Zolostays, a co-living company, announced the appointment of Chanchal Gupta as its Chief Human Resources Officer. Gupta holds a vast experience of leading the human resources teams at Amazon, Accenture Services and Citibank Global Services. Chanchal Gupta will see the strategic direction of people management, employee engagement, retention, training and development, talent acquisition, organizational effectiveness,…
European research platform Dealroom recently announced that it has raised €2.75mn in Series A funding round. The round was led by Shoe Investments and Knight Venture Capital. Founded in 2013 by Yoram Wijngaarde, Dealroom is an Amsterdam-based data and software platform, which shows worldwide intelligence about startups, innovation, and venture capital investment. Dealroom is used…
New Delhi-based female hygiene brand Sanfe recently announced that it has raised ₹8Cr in Pre-Series A funding from SucSEED Venture Partners, Snapdeal founders’ VC arm Titan Capital, BIRAC, Elixir Pharma, and a group of investors. Other investors who participated in the funding round include Saurabh Chawla (Former Group CFO of DLF and Executive Director- Finance…
India’s fastest growing Contract Development and Manufacturing Organization (CDMOs) Sai Life Sciences recently announced the appointment of Dr. Dean Edney as Senior Vice President and Global Head of Process Research & Development. In a press release, the company said that Edney will split his time between the company’s R&D center in Hyderabad, India and the…