Tata Consultancy Services, a global IT services, consulting and business solutions organization, has been ranked in the top three in the HFS Top 10 Internet of Things (IoT)Service Providers Report. The report highlighted that TCS has developed industry-specific solutions for manufacturing, travel, transport and logistics, energy and utilities, retail and consumer packaged goods, life science…
An online learning and teaching player, Udemy, has announced the appointment of Prasad Gune as senior vice president- Product. His role will be to lead the company’s product management, design, and UX research teams. Earlier, Gune had worked as SVP(Product) at OpenTable, where he led a 70-person product and design team. As per the company’s…
Intercell, the world’s first of its kind Virtual Mentor Network, has been recognized as one of the “Top 50 Organizations in Education” by Global Forum of Education and Learning (GFEL). The award was presented at GFEL event held at Le Meridian, Dubai. This award is a recognition of Intercell’s contribution in the field of education…
HCL Technologies, a global technology firm, has announced that its President & CEO, C. Vijayakumar has been named Chairman of the IT industry Governors community of the World Economic Forum. The announcement was made at the Forum’s Annual Meeting in Davos, Switzerland. The Forum’s IT Governors community convenes CEOs of the world’s top Information Technology…
Tea Trunk, an online tea store, has raised $220k in angel funding led by a group of angel investors and the Rebalance community. The company was founded by Snigdha Manchanda in 2013. Other investors include Anand Sinha, Global Head at Zomato Gold; Anshul Agarwal, Co-head, Consumer, FIG, and Business Services at Avendus Capital; Mandar Vaidya,…
Tata Consultancy Services, a global IT services, consulting and business solutions organization, announced that it has been recognized as the fastest growing IT services brand of the decade, and one of the fastest growing IT services brands of 2019, by Brand Finance, the world’s leading brand valuation firm, in its 2020 Global 500 report. The…
Businesses globally face a “digital ceiling” when it comes to digital transformation, according to new research from Infosys Knowledge Institute, the thought leadership and research arm of Infosys, a global leader in next-generation digital services and consulting. The study reveals that businesses must change their mindsets to achieve sophisticated levels of digital maturity. Infosys Digital…
SoftBank India has appointed Manoj Kohli to head its business in India. The move comes after a nearly five-year stint as the chairman of the Japanese telecom and investment giant’s renewable energy business SB Energy. Manoj Kohli, the former Bharti Airtel executive, has an experience of over 40 years. He has headed Airtel’s international operations…
Meritor, Inc. announced the appointment of Chris Villavarayan as Executive Vice President and Chief Operating Officer (COO), effective immediately. Villavarayan, 49, has served as senior vice president and president of Meritor’s Global Truck segment since January 2018. In this new position, Villavarayan will have global operating responsibility for both of Meritor’s business segments, Global Truck…
Vyaire Medical, Inc. announced that its Board of Directors has appointed Gaurav Agarwal as Chief Executive Officer, effective immediately. Agarwal succeeds Dave Eckley, who is stepping down as Chief Executive Officer, but will remain on the company’s Board of Directors. Agarwal brings to Vyaire Medical extensive global leadership experience in medical devices and a proven…
True North, a private equity firm, has agreed to acquire Glenmark Pharmaceuticals Ltd’s gynaecology business in India and Nepal for Rs 115 crore. The acquisition will be done through True North’s portfolio company, Integrace Pvt. Ltd. All formalities related to acquisition will be completed by March. The acquisition is the second such engagement between True…
Skylo Technologies has recently announced its latest rounds of investments. The startup raised $13mn through its Series A funding round from Doll Capital Management (DCM), Innovation Endeavors, and Moore Strategic Investors. The startup also announced that through its Series B funding it has raised $103mn from SoftBank Group and existing investors. The San Mateo-based startup…
Park+, a Delhi NCR-based smart parking startup that works toward digitising parking across India, has raised $11 million in a funding round co-led by venture capital funds Sequoia India and Matrix Partners India. Other angel investors that took part in the funding round include Deep Kalra, Rajesh Magow, Ashish Hemrajani, Kunal Shah, Kunal Bahl and…
Ares Management Corporation announced that its subsidiary, Ares Holdings L.P., has entered into a definitive agreement to acquire a controlling interest in SSG Capital Holdings Limited and its operating subsidiaries, a leading Asian alternative asset management firm. Headquartered in Hong Kong with offices across Asia, SSG manages private credit and special situations funds totaling approximately…
Insur-tech startup Digit Insurance recently announced that it will raise $84mn in external funding. The investment will be made by growth equity investors A91 Partners, Faering Capital and TVS Capital. Digit has sought approval from the Insurance Regulatory and Development Authority of India to raise the sum. This is the first time the Bangalore-based startup…