Tata Consultancy Services, a global IT services, consulting and business solutions organisation, and Prudential Financial, Inc. (PFI), a financial wellness leader and premier active global investment manager, announced that they are entering into an agreement that will see TCS acquire the staff and select assets of Pramerica Systems Ireland Ltd. (Pramerica), PFI’s subsidiary based in…
EPL Limited (formerly known as Essel Propack Limited), the world’s largest specialty packaging company, announced that its Board of Directors have approved the acquisition of Creative Stylo Packs Pvt. Ltd. in a part-cash and part-stock transaction. Creative Stylo Packs Pvt. Ltd. is an established manufacturer of corrugated boxes, laminated tubes, plastic co-ex tubes and caps-primarily…
Cisco has appointed R. Scott Herren as executive vice president and chief financial officer to maximize long-term shareholder value and build recurring revenue. He will join the company on December 18, 2020. Herren will report directly to Cisco Chairman and Chief Executive Officer Chuck Robbins. He will succeed Kelly Kramer who will retire after serving…
Times Internet Ltd (TIL), a digital product company and a digital venture of The Times of India Group, has appointed Smriti Ahuja as Chief People Officer, effective November 2, 2020. Ahuja will report to Gautam Sinha, CEO of Times Internet. In her new role, Ahuja will be focusing on building and maintaining a high-performance culture…
HCC has appointed Mr. Anil Kumar Chandani as the Chief Financial Officer effective November 09, 2020. Under his new role, Anil will oversee HCC’s finance team and management of cash flow, financial planning, equity activities, and profitability. As a finance professional, he has nearly 29 years of experience in multi-unit and multi-product environment in varied…
Kovai.co – a premier enterprise software Company, has announced its acquisition of Cerebrata, a privately-held SaaS product company based out of Udaipur, Rajasthan to strengthen its product portfolio. The amount of the deal remains undisclosed. The announcement states, Cerebrata’s product – Cerulean to be a complementary product for Kovai.co’s Serverless360 – a platform that…
After Aadhaar, UPI (Unified Payments Interface) has been the single biggest contributor towards ushering in digitization in India. Launched in 2016, it has by now transformed the economy in innumerable ways… How has such a transformation come about?
Wix.com Ltd, a cloud-based website development platform, has appointed Ferran Soriano to its board of directors. Mr. Soriano currently serves as the CEO of City Football Group (CFG), a position he has held since September 2012. Previously, Soriano was Vice Chairman and CEO of FC Barcelona from 2003 to 2008 where he is credited with…
New Delhi-based Venture debt fund Stride Ventures has secured Rs 85 crore from development financial institution, Small Industries Development Bank of India (SIDBI). The firm says that it will use the funds to strengthen the deployment of Stride Venture India Debt Fund I, its maiden fund. The fund marked its first close in November of…
MRI Software, provider of real estate software solutions, has appointed Saurabh Abhyankar as Chief Product Officer (CPO). In this role, Abhyankar will lead MRI’s global product strategy and drive the continued innovation and evolution of the company’s open and connected software platform for the real estate industry. He was most recently at MicroStrategy, holding a…
Wipro Limited, global information technology, consulting and business process services Company, has won a five-year contract for software engineering services engagement from ThoughtSpot. As part of the five-year engagement, Wipro will enhance various components of ThoughtSpot’s Search and Analytics platform to help scale feature development. Wipro will leverage its EngineeringNXT framework and Product POD (accelerated…
Microsoft has named Christopher Young as executive vice president of business development. He will report directly to Microsoft Chief Executive Officer Satya Nadella. Under his new role, Christopher Young will be responsible for developing Microsoft’s global business development strategies that drive growth across the company. This includes leading the evaluation and execution of strategic partnership…
Mumbai based Credit platform Blacksoil has raised Rs 110 crore from high networth individuals and family offices for its maiden secured alternate investment fund (AIF) called BlackSoil India Credit Fund (BICF). Eyeing 30 deals from BICF with an average of Rs 10-20 crore per investment, excluding real estate companies, the firm is aiming to secure…
Manufacturing sector of the Indian industry has consistently underperformed in the last few decades, with a mere 16-17% contribution to the GDP…Will PLI be able to increase the sector’s contribution and actualize its growth potential?
Global technology company, Shutterstock has announced the acquisition of certain assets from Amper Music. Shutterstock’s acquisition of Amper will strengthen its capabilities in artificial intelligence, particularly in content search and discovery of tracks composed by Shutterstock’s community of artists as well as editing tools for Shutterstock users. As part of the transaction, Amper’s employees…