A fully integrated (farm to retail) food company, Wingreens Farms has acquired Raw Pressery, a cash-strapped cold-pressed juices startup. The startup was valued at Rs 100 crore, “marking a significant consolidation in the consumer brands sector”, as per a senior company official. “The existing investors in Raw Pressery have got a share swap and are…
A new IBM Institute for Business Value (IBV) study reveals that despite heightened awareness of the challenges facing women in the workplace driven by the COVID-19 pandemic, gender equity is still not a top priority for 70 percent of global businesses, according to business professionals surveyed. The study also shares the actions that can help…
Shoopy, a retail tech start-up, has raised $250,000 seed funding from US-based Campanile Investments and Delhi-based investment firm Redcliffe Capital. The startup will utilise the funds raised to accelerate its growth engine by optimizing its existing products, scaling its platform and business activities to reach out to more customers, and also to come up with…
Air conditioning and commercial refrigeration major, Blue Star Limited, announced that the Company has been declared winner of the coveted ‘Golden Peacock Award for Excellence in Corporate Governance’* for the year 2020. The award was presented to the Company at a virtual felicitation ceremony held in February 2021. Blue Star was adjudged winner by the…
India ranks third in the world for women working in senior management positions, according to the Women in Business 2021 report by global accounting and consulting firm Grant Thornton. The report informed that the percentage of women in senior management for India stood at 39%, as against the global average of 31%, which signals the…
ZTE, a telecom gear maker of China, has onboarded Li Jian Jun as new chief executive officer, India. He will replace Yan Xiao, who was responsible for the local operations. ZTE India Customer Support Center (CSC) has been a member of Indian telecom industry for more than 5 years. Today, ZTE has employed more than 2000…
Nestlé USA announced that it has acquired Essentia Water (Essentia), a premium functional water brand headquartered in Bothell, Washington. Essentia pioneered ionized alkaline water more than twenty years ago and is the leading brand in that space in the U.S. This transaction is part of Nestlé’s continued transformation of its global water business, which was…
Reddit announced the appointment of Drew Vollero as first Chief Financial Officer. Vollero will report directly to COO Jen L. Wong. In his new role, Vollero will focus on building out the finance team across all areas including tax, treasury, audit, financial planning, sales finance, accounting, procurement, and investor relations. Vollero will lead Reddit’s Finance team…
Kotak Mahindra Bank said it has appointed agricultural economist Ashok Gulati as additional independent director on its board, according to PTI report. The term of Gulati, a keen backer of the recent farm laws who has also been appointed by the Supreme Court to a four-member panel, is for five years starting from Saturday, an…
Kotak Mahindra Bank Limited has announced the appointment of PadmaShri awardee, Dr. Ashok Gulati as an Additional and Independent Director on the Bank’s Board, for a term of five years, effective 6th March, 2021, subject to the approval of the Members of the Bank. Prakash Apte, Chairman of Kotak Mahindra Bank said, “We are truly…
Biofacturing leader Zymergen announced that Christine Gorjanc has joined its board of directors to help the company achieve its long term goals, the statement said. As a tenured CFO with experience leading high-growth Silicon Valley businesses, Gorjanc provides extensive financial, operational and technology experience to guide Zymergen’s growth as the company matures. “This year, Zymergen…
KetoNatural Pet Foods, a pet food startup founded by companion animal nutrition author and activist Daniel Schulof, has announced the closing of a $2M seed financing transaction led by Chicago-based fund Corazon Capital. KetoNatural are the makers of Ketona, a first-of-its-kind dry pet food with the low carbohydrate and high protein content previously only found…
Honeywell Automation India Ltd. (HAIL) has named Ganesh Natarajan as Independent Director (Non-Executive) and Chairman of the Board of Directors, with effect from March 8. In this role, Natarajan will oversee the overall strategy, business, and financial matters of the company. Natarajan will succeed Suresh Senapaty, who will step down as Independent Director and Chairman…
TVS Motor Company, a reputed two-wheeler and three-wheeler manufacturer globally, announced that they had extended free COVID-19 vaccination for all employees and their immediate family members. This vaccination drive is in line with the ongoing Government guidelines and will cover 35,000 direct and indirect company employees across the country, the statement said. Commenting on this…
Higher ed-tech company – upGrad is planning to cover the entire cost of Covid-19 vaccination for its employees and their family members. The COVID-19 vaccination drive will include all employees and former employees given they choose to receive the vaccine. Co-founder & Chairman – Ronnie Screwvala, Co-founder and MD – Mayank Kumar and Co-founder, upGrad…