Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Limited, today announced that it has enabled CBX for Kubernetes Operators allowing our client’s devops teams to provision and deploy on any type of cloud with a single click and without human involvement. This process, which usually takes weeks or more, and…
Former Flipkart CTO Ravi Garikipati has launched a financial services and micro-credit startup along with serial entrepreneur Raj Vattikuti, who in 2007 had sold his company Covansys to Computer Sciences Corp for $1.5 billion. The duo, who have been friends for a long time, has seeded the venture, Davinta, with ₹140 crore of personal money.…
In an attempt to reduce its carbon footprint and achieve carbon neutrality by 2040, Amazon CEO Jeff Bezos announced the introduction of electric delivery rickshaws in India. The details of the plan are not yet made public by the company, however, CEO Jeff Bezos through twitter announced the use of e-rickshaws for door-to-door delivery. The…
Barclays Plc has plans to cut about 100 senior jobs that are mostly related to trading roles across its corporate and investment bank, as the British lender seeks to rein in costs. Barclays has started trimming managing director and director positions, mainly in London and Asian financial hubs. The fact got confirmed by people familiar…
Samsung Electronics Co, on Monday, announced that it is considering building a factory in India to produce flat-screens under the Samsung Display subsidiary. The company is planning to invest $500million as it is attempting to expand smartphone production in the country. According to a company filing, Samsung Electronics will provide a ₹3,500crore loan and transfer…
Shapoorji Pallonji group, a construction empire run by billionaire Pallonji Mistry, has plans to sell its gas-fuelled power plant in Bangladesh to reduce debt, two people aware of the development said, as per a media report. The group owns a 225 megawatt Bhola power project in Bangladesh. The plant may be valued at around $270…
Infor, a business cloud software company, announced that its India Marketing Manager, Priyanka Chatterjee, has been honored by ET Now Stars of Industry Forum as Young Achiever of the Year. Priyanka is recognized for her innovation and industry expertise in Branding and Marketing. ET Now’s Young Achiever of the Year award under the Branding and…
Bharti Airtel, India’s telecommunications services provider, and Google Cloud have announced a partnership to serve the evolving needs of millions of Indian businesses in a rapidly digitizing economy. Airtel will offer G Suite to small and medium sized businesses in India as part of its integrated ICT portfolio. G Suite is a set of intelligent…
Zydus, a discovery based global pharmaceutical company, announced that it has entered into a licensing agreement with China Medical System Holdings Limited for the development and commercialization of Desidustat, a novel oral HlF-PH inhibitor for the treatment of anemia in patients with Chronic Kidney Disease (CKD) not—on—dialysis and for the treatment of Anemia CKD patients…
Future Group, the Kishore Biyani-led company, has decided to scale down its e-commerce venture Retail 3.0. In a bid to restructure its e-commerce business, the company has laid off about 400 people. According to a report by LiveMint, the layoffs are from roles in sales, product development, marketing, and ground operations. The company had recently…
The Catalyst Fund has gained $15 million from JP Morgan and UK Aid as a means to support and back 30 fintech startups in Africa, Asia, and Latin America in the next three years. Catalyst Fund, a Boston based accelerator, provides mentorship and non-equity funding to early-stage tech ventures that are primarily focused on driving…
Zomato raises ₹353.58 crore in fresh funding from Antfin Singapore, according to the company’s filings reported in the business intelligence platform Tofler. The funding, part of the Zomato’s Series J financing round, is the first tranche of the $150-million fund raise announced by the company last week. Post this investment, Zomato’s fund tally will stand…
Former PayTM executive Sonia Dhawan has recently joined private equity SAIF Partners as Corporate Communication Advisor. She will be responsible for handling the media strategy of SAIF and companies under its portfolio. Companies under SAIF’s umbrella include PayTM, Meesho, ClearTax, Rivigo, Swiggy, and Chaayos. Earlier, Dhawan was the Vice President of Corporate Communications for First…
Symphony Summit AI announced that it has been recognized as CIO CHOICE in the IT Operations Management category for the third year in a row. CIO CHOICE is a special vendor recognition bestowed on outstanding information and communications technology brands based on the votes of CIOs and IT decision-makers. Winners were recognized at a red-carpet…
Air conditioning and commercial refrigeration major, Blue Star Limited, has announced that the Company has been bestowed with ‘The Best Governed Company’ award in Listed Segment — Medium Category, for implementing best practices in Corporate Governance, at the ‘19th ICSI National Awards for Excellence in Corporate Governance’ event, held in New Delhi. Blue Star was…