Tata Consultancy Services (TCS), a global IT services, consulting and business solutions organization, has been recognized as a Leader in the Everest Group PEAK Matrix@ for Finance and Accounting (F&A) Digital Capability Platform Solutions. The report cites TCS’ compelling vision towards offering integrated solutions as a standalone and productized offering to augment the digital landscape…
Qatar Investment Authority (QIA) has completed acquisition of 25.10% stake in Adani Electricity Mumbai Limited (AEML) from ATL along with an investment in shareholder subordinated debt in AEML (“Transaction”) on 10 February, 2020. The total QIA investment in AEML is approximately INR 3,220 Crore, which includes equity consideration of approximately INR 1,210 Crore and shareholder…
Infosys, a global next-generation digital services and consulting company, announced a definitive agreement to acquire Simplus, one of the fastest growing Salesforce Platinum Partners in the USA and Australia. Simplus is a recognized leader and advisor in cloud consulting, implementation, data integration, change management and training services for Salesforce Quote-to-Cash applications. This acquisition, coupled with…
Banking technology transformation specialist Maveric Systems has announced the appointment of Ramesh Vasamsetti, as a Director in the Quality Engineering (QE) business. After spending more than 2 years with HSBC as a Global Head of QE Practice. He will be driving the strategic priorities of Maveric’s QE business, with a broader vision of growing and…
Hindustan Unilever Limited (HUL) announced the appointment of Prabha Narasimhan as Executive Director – Home Care, HUL. Prabha replaces Priya Nair, currently Executive Director – Home Care who moves as Executive Director – Beauty and Personal Care, HUL. Priya takes over from Sandeep Kohli who will relocate to Dubai as VP – Beauty & Personal…
Eros International Plc, a leading company in the global Indian film entertainment industry, announced the appointment of Pradeep Dwivedi, as Chief Executive Officer of its majority-owned subsidiary, Eros International Media Limited (“EIML”). At Eros International Media Limited, Pradeep Dwivedi will be responsible for managing business growth and operations of the company and will also be…
Amazon recently announced that it has hired streaming and TV veteran Mike Hopkins to lead its video entertainment business like Prime Video and Amazon Studios. Hopkins was earlier working with Sony as Chairman of Sony Pictures Television. His appointment will come in effect from February 24. Hopkins will directly report to the Amazon founder and…
Tech giant Google on Monday confirmed that its Head of People Operations or Head of HR Eileen Naughton is stepping down from her position. This comes after Eileen spent years mediating issues between the management and the employees due to the rise in employee activism. She will be stepping down from her position as the…
Chaayos, a multicity chain of tea cafes company, announced that it has raised $21.5 million funding led by Silicon Valley-based Think Investments. Existing investors SAIF Partners, Tiger Global and others also participated in the fresh funding round, including a $3 million debt investment from Innoven Capital. Earlier, Chaayos had raised $20 million in funding. According…
Fiat Chrysler Automobiles takes its forward-thinking global telematics program to the next level with the integration of IDEMIA’s eSIM (DAKOTA) and Subscription Manager platform (Smart Connect). These groundbreaking services, already operational, are enabling each day FCA to optimize vehicle operations. The DAKOTA eSIM will be embedded directly into new FCA vehicle models that will be…
SoftBank, a name we all are familiar with in the startup ecosystem. From setting up the world’s biggest investment fund “The SoftBank Vision Fund” to aggressively investing in tons of startups, SoftBank has established itself as a mark in the startup economy. But all is not going well with the brand. For the past few…
Makor Group, an international agency brokerage group trading cash equities, fixed income, FX and derivative products, has announced its hire of Talal Dehbi, who will be joining the European Derivatives Team as a Managing Director, based in the firm’s London office. Dehbi brings with him extensive experience trading derivative products, having particularly focuses on hedging,…
SteelEye, the compliance technology and data analytics firm, has raised $10 mn in Series A funding in a round led by the FinTech Strategic Investments team at Eight Roads, the proprietary investment firm backed by Fidelity, alongside existing investor Illuminate Financial. This takes the total amount raised by SteelEye to $20 mn to date. SteelEye…
Avendus Wealth Management, an Avendus Group company announced the appointment of Nitin Singh as Managing Director and CEO, with effect from February 3, 2020. Nitin has a dual line reporting to Kaushal Aggarwal and Gaurav Deepak, Co-founders and MDs, Avendus Capital. Nitin is also part of the Executive Committee which is the strategic think tank…
Pepperfry, a Mumbai-based online home furniture marketplace, announced that it has raised $40 million in Series F funding led by Pidilite Industries, the makers of popular homegrown adhesive brand. In March 2018, Pepperfry had secured Rs 250 crore as part of its Series E round from State Street Global Advisors. The funds will be utilised…