Pune-based baby products marketplace Firstcry has recently raised $296mn (approx 2120Cr) in Series E funding from Japanese conglomerate Softbank’s Vision Fund. With the latest infusion of funds, Firstcry has entered the Unicorn Club. According to the company filing submitted to the Ministry of Corporate Affairs, a Cayman Island-based subsidiary of Softbank SVF Frog has invested…
Dr. Suborno Bose, the Founder of the Young Chef Olympiad, Co-chairman and CEO of the International Hospitality Council (IHC) and Founder and Chief Mentor, Indismart Group, was awarded ET Now, Business Leader Of The Year (Education) at a glittering awards ceremony organised in Mumbai on 16th February, 2020. The award is a deserving recognition of…
Japanese conglomerate SoftBank, who has been aggressively investing in the Indian start-up system, is reportedly considering buying a minority stake in Mahindra Electric Mobility. According to a Business Standard report, the two companies have begun preliminary talks for an alliance. Mahindra’s Electric Vehicle manufacturing arm is a subsidiary of Mahindra & Mahindra, said a few…
Hinduja Global Solutions Ltd., a global leader in business process management (BPM), announced it has been recognized in NelsonHall’s Vendor Evaluation & Assessment Tool (NEAT) as a leader in CX Improvement Capability in the Retail & CPG sectors. The evaluation analyzes the performance of vendors offering customer experience (CX) services in the retail and CPG…
Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, announced that Banque Saudi Fransi (BSF), one of the largest banks in the Kingdom of SaudiArabia, has selected the TCS BaNCS Global Banking Platform to provide seamless and contextual customer experiences with a digital core. The new platform will be deployed across…
Cigna has named Christopher DeRosa to lead its national large employer business, a leadership role within the company’s U.S. Commercial unit. DeRosa will be accountable for deepening relationships with national clients across Cigna’s array of solutions for employer-based benefits that support whole person health. Cigna’s national account business serves employers with more than 5,000 employees…
Carbon Clean Solutions Ltd, a clean-tech company, announced that it has raised $16 million in a fresh funding round from three global investors. Earlier, the company had raised funding from Blume Ventures in 2011. As per the company’s statement, Carbon Clean Solutions has raised fresh capital from US-based WAVE Equity Partners and Chevron Technology Ventures,…
Global technology company HCL Technologies (HCL), announced a new large contract with New Zealand dairy co-operative Fonterra to modernise and manage the entire technology infrastructure Fonterra employees around the world use every day. The multi-year partnership with HCL Technologies will consolidate Fonterra’s technology suppliers and bring together the Co-op’s IT infrastructure services under one umbrella.…
Most employees are not prepared for an abrupt break in their careers. Any decision by a business to shut shop or tone down their business considering various issues can be detrimental to employees. People in business organizations are often told to leave due to several reasons which may not always be attributed to their performance,…
West Pharmaceutical Services, Inc., a global leader in innovative solutions for injectable drug administration, announced the Company’s Board of Directors has elected Robert Friel as its newest member. With the addition of Robert Friel, West’s Board of Directors increases in size to 11 directors. Robert Friel, age 64, recently retired as Chairman and Chief Executive…
Cyient, a global engineering and technology solutions company, announced that it has opened a wire harness facility in its office in Peoria Heights, Illinois. The facility complements the company’s design, build, and maintain approach, and adds capabilities to support customers in harness prototyping by increasing design process speed and iterative development for electrical systems. The…
Microsoft has announced the launch of the India Development Center (IDC), National Capital Region (NCR). IDC NCR is Microsoft’s third Development Center in India, serving as a premier facility for driving cutting edge innovation. The center will build on Microsoft’s commitment to tapping India’s world class engineering talent to create solutions for global impact. The…
GAIL (India) Limited has announced the appointment of Manoj Jain as its Chairman & Managing Director. He holds a Mechanical Engineer with an MBA in Operations Management, Jain joined GAIL as a Graduate Engineer Trainee in 1985 and rose through the ranks to his current position. Before his appointment as CMD, Jain was Director (Business…
Zodius Growth Fund, an Avendus Capital sponsored fund, announced that it has made its first investment in Onsitego, India’s leading after-sales services firm. The company has raised $19 million in Series B round led by Zodius Growth Fund with participation from existing investor, Accel Partners. The investment will be utilized for consolidating its market position…
Working towards a strategic partnership with Atal Innovation Mission, NITI Aayog, WPP Foundation, the CSR entity of WPP in India, is launching a Community Tinkering Lab at Vidya Varidhi Vidyalaya and Junior College, a school supported by WPP Foundation in Nalasopara, Mumbai. Community Tinkering Lab, a creative innovation workspace was inaugurated by Ramanathan Ramanan, Mission…