PNC Infratech Limited has been declared the L1 (lowest) bidder for a NHAI Project of 60.22 km long Four Laning of Jagdishpur-Faizabad section of NH 330-A from km 47.800 to 108.020 in the state of Uttar Pradesh under Bharatmala Pariyojna to be executed on Hybrid Annuity Mode for a Bid Project Cost of Rs. 1530.0…
Jumo Health, a global provider of age appropriate, personalized health care resources, announced that it has appointed Raymond N. Altieri as its Executive Vice President and Chief Financial Officer. Prior to joining Jumo Health, Altieri served as Vice President and Chief Financial Officer at BlueCrest, a Platinum Equity portfolio company that formed as a result…
Anand Thakur has been appointed as Group CTO of Elara Technologies. Purple Quarter, a Bangalore-based Tech head search firm, announced that they have facilitated the closure of the position of Group CTO – Elara Technologies, the country’s only full-stack real estate technology platform that owns Housing.com, Makaan.com and Proptiger.com. Previously, Anand headed the Digital vertical…
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 Network Transformation and Managed Services. According to the report, TCS provides services across the network services value chain including OEMs, transport service providers, and enterprises. It cited TCS’ efforts…
Ashok Leyland, flagship of the Hinduja Group, announced another significant win by its subsidiary Optare PLC. It is partnering with Tower Transit Group in the launch of two new electric routes in London with the supply of 37 Metrodecker double deck EVs. The award winning Metrodecker EV, the world’s first zero emission double decker, is…
UAE’s financial institution Abu Dhabi Islamic Bank (ADIB) wins the Aite Group’s 2019 Cash Management and Payments Innovations Award for Customer Experience through their flagship platform, ADIB Direct, across web, mobile and watch. iGTB’s Digital Transaction Banking platform prepares transaction banks to provide for every client’s and every sector’s needs with a configurable and intelligent…
HDFC Bank, a large private sector lender, announced the appointment of Anjani Rathor as Chief Digital Officer. Anjani replaces Nitin Chugh, who has moved to Ujjivan Small Finance Bank as CEO. Aditya Puri, Managing Director, HDFC Bank commented on the appointment. He said Rathor’s impeccable credentials and proven leadership abilities will make him an excellent addition…
Religare Enterprises Ltd, a financial services company, announced that the company has entered into definitive agreements with Kedaara Capital Fund II LLP and Trishikhar Ventures LLP (jointly referred as ‘Kedaara’ ) for divestment of 6.76 per cent stake in its arm Religare Health Insurance Company (RHICL) for Rs 200 crore. As per the Company’s exchange…
Chalet Hotels Limited (Chalet) has concluded the transaction with Belaire Hotels Pvt. Ltd. (BHPL), owner of ‘Novotel Pune Nagar Road’ Hotel (Novotel Pune) and its affiliate entity Seapearl Hotels Private Limited (SHPL) for a net consideration of Rs. 177 Crores. The above acquisition includes 100% equity shares and 100% of zero coupon fully & compulsorily…
Wipro Limited, a global information technology, consulting and business process services company, has organized the 9th edition of the Wipro earthian awards for 2019. The annual awards recognize excellence in sustainability within the education process in schools and colleges in India. Wipro earthian is one of India’s largest sustainability education programs for schools and colleges.…
Fintech startup SuperMoney recently announced that is has raised $1mn from early-stage investor Unitus Ventures in a pre-Series A funding round. SuperMoney was founded in 2017 by Shiv Nandan and Nikhil Banerjee from Mumbai. The company plans to utilize these funds to strengthen its team across technology, business development, and backend operations. The company also…
Adding to the long list of layoffs by major startups, 245 employees of UberEats India are now on the verge of getting the pink slip after the company’s acquisition by Zomato. According to a report by The News Minute, these employees have been asked to leave the company by March this year. While 163 of…
Cognizant, an IT services company on Friday announced that it has opened a new facility in Mangaluru. This is said to be Cognizant’s fourth facility in Karnataka after Mysuru and Bengaluru. The new 100,000sq-ft facility boasts of accommodating more than 1,100 employees. Cognizant has a long association with Mangaluru since 2011 after acquiring CoreLogic Global…
Cipla Ltd. announced the acquisition of nutrition products’ portfolio from Wanbury Ltd. Cipla has acquired 4 brands — CPink, CDense, Productiv and Folinine to further strengthen its presence in women’s health. The nutraceutical products, to be sold under the 4 umbrella brands, would address various health needs for conditions arising due to nutritional deficiencies or…
Edtech start-up BYJU’S recently announced that it has raised additional funding from existing investor General Atlantic. While the company didn’t mention the exact amount of funding, sources familiar with the development have said that it’s close to $200mn at a valuation of $8bn. The announcement comes weeks after Tiger Global invested $200mn in the startup.…