Shilpa Bhatia, a former SpiceJet executive has recently announced that she will be rejoining the company as its Chief Commercial Officer, after a five-month brief stint with IndiGo. SpiceJet through a press release announced her comeback and also said that “this is Shilpa’s third stint with SpiceJet.” Shilpa joined IndiGo in August 2019 after quitting…
The Hindustan Aeronautics Limited (HAL) has received the Initial Operational Clearance (IOC) for its Light Utility Helicopter (LUH) paving the way for its productionisation. R Madhavan, CMD, HAL received the IOC document from G Sateesh Reddy, Secretary, Department of Defence R & D and Chairman, DRDO at the ‘Bandhan’ programme held at ongoing DefExpo 2020…
According to a new study by Automation Anywhere, Intelligent automation will boost India’s Economy to $5 trillion dollars in the next five years, up from $2.7 trillion dollars. Today, automation is driving efficiencies for enterprises, resulting in dramatic productivity gains in the back office and enhanced customer experiences in the front office. According to the…
SaaSWorks, which delivers operational solutions for scaling SaaS businesses, announced that it has raised $5 million investment led by Conversion Venture Capital along with prominent SaaS CEOs, CFOs and executives. “It’s been humbling to see the type of support we’ve had from our initial customers, team and investors,” says Co-Founder Vipul Shah. “Based on what…
MotorWeek has named the Ram 1500, Ram 2500 and Ram 3500 as the recipients of its 2020 Driver’s Choice Award for Best Pickup Truck. Every year for the last 39 years, MotorWeek has paused half way through its television season to evaluate the best cars and trucks of the year from a buyer’s point of…
The UK India Business Council (UKIBC) and the Society of Indian Defence Manufacturers signed a memorandum of understanding (MoU) to forge closer defence ties between the two countries. The MoU was signed on sidelines of the ongoing DefExpo 2020 in the presence of UK Minister for Defence Procurement James Heappey MP, Director of the UK…
Sapiens International Corporation, a global provider of software solutions for the insurance industry, announced that Germany’s antitrust authority has approved Sapiens’ acquisition of sum.cumo without restriction. All necessary regulatory approvals for the acquisition have now been received and the transaction is completed. sum.cumo is a German-based technology provider that offers disruptive, digital, innovative and consumer-centric…
MX, a digital transformation platform for banks, credit unions, fintechs and partners, announced it has been recognized as one of the 2020 “Best Fintechs to Work For” by SourceMedia. This is the second consecutive year MX has been named to the list. MX was recognized for its deep-rooted company values, including: purposeful contribution, exuberance for…
Purple Quarter, a Bangalore-based Tech head search firm, announced the closure of Chief Technology and Product Officer for ACKO, India’s growing digital-first general insurance company that leverages data and analytics to provide highly personalised, low-cost insurance products. With 15+ patents in mail, IM, Communication and search system design, Vishwanath Ramarao was VP & CTO with…
Tata Consultancy Services (TCS), a global IT services, consulting and business solutions organization, announced a strategic partnership with Coop Sweden, one of the largest retail and grocery providers in the country, to accelerate its business transformation program, with the introduction of new automation technologies and agile ways of working. The partnership will help the business…
Chennai-headquartered WayCool Foods has raised $32 mn in a combination of equity and debt in its Series C round, the company said in a statement. The round was led by Lightbox and saw participation of FMO, the Dutch entrepreneurial development bank, as well as its current investor LGT Lightstone Aspada. The company has also partnered…
Postepay, among the preferred payment Apps in Italy, can now access Western Union’s cross-border and cross-currency platform to send money globally, following an agreement between Postepay, one of the largest Electronic Money Institution (EMI) in Italy, bringing together Poste Italiane’s assets and expertise in payments and telecommunications and Western Union, a leader in cross-border, cross-currency…
Adani Green Energy Limited and Total Gas & Power Business Services SAS have entered into a binding arrangement for investment of about $510 million for acquisition of 50% stake and other instruments in a joint venture company, which will house 2,148 MWac operating solar projects presently 100% owned by AGEL. The rest 50% stake in…
Strides Pharma Science Limited (Strides) announced that its step‐down wholly‐owned subsidiary, Strides Pharma Global Pte. Limited, Singapore, has entered into a definitive asset transfer and licensing agreement with Pharmaceutics International, Inc.(Pii) to acquire 18 ANDAs (Abbreviated New Drug Application) for the US market. With access to these products, Strides will significantly expand its niche offerings…
Founder Gyanesh Chaudhary to remain MD and focus on new ventures. Leading solar rooftop solutions provider, Vikram Solar recently announced that the company has appointed industry veteran Saibaba Vutukuri as Chief Executive Officer. In an official press release, the company said, “This announcement comes in at an important juncture, marking the next phase of growth…