Iksuda Therapeutics has announced that it has completed a US $47 million financing round, co-led by Mirae Asset Capital and its subsidiaries, Celltrion and Premier Partners, with the Company being advised by Ashfords LLP. The funding will support the advancement of Iksuda’s lead ADC assets and expansion of its payload and conjugation platform technologies. Dr…
Infosys has announced a collaboration with Archrock, Inc., the provider of natural gas compression services in the U.S., to integrate digital technologies and mobile tools for its field service technicians. As part of this engagement, Infosys will leverage its pre-configured accelerator for Microsoft Dynamics 365 Field Service Application to streamline and enhance the efficiencies of…
Truemeds, a tele-health platform, has secured $5 million in a Series A funding round. The funding round saw participation from Indian Angel Network, InfoEdge Ventures and Asha Impact. The company said, “The funding will be used to further expand its footprint to three additional cities, build product and technology and invest in improving the supply…
Thales has announced the appointment of Ashish Saraf as Vice-President and Country Director for India with effect from 1 June 2021. In this role, Ashish will lead the company’s India business and will be responsible for the strategic growth of Thales in the country across all of its markets, further strengthening local teams, collaborations and…
Keventer Agro has appointed RK Agarwal and Avinash Gupta as Independent Directors on its board. Chairman and MD of Keventer Agro – Mayank Jalan, commented, “We are delighted to have Mr. Avinash Gupta and Mr. R K Agarwal on our Board. Their induction as independent directors will add tremendous value to our company. Their vast experience…
Angel Broking has now surpassed its own record in terms of monthly client acquisition. The fintech broker has reported the acquisition of 0.43 million clients in May 2021, ~13% higher than its previous record of 0.38 million clients in March 2021. This is also 298.2% higher vis-à-vis the year-ago period. Angel Broking’s remarkable growth is…
Syngene International, an integrated research, development and manufacturing services company, has appointed Sanjeev Sukumaran as Chief Human Resource Officer (CHRO) with effect from 1st June, 2021. Sanjeev succeeded Vinita Shrivastava. As the CHRO, Sanjeev will be responsible for building on Syngene’s people-centric organizational development priorities including HR strategy development, driving organisational matrices, talent management and sustaining…
Foreign lender HSBC on Monday announced the appointment of bank veteran Hitendra Dave as its new chief executive for India, according to PTI report. Dave, who had been heading the largest profit contributing segment of global banking and markets, succeeds Surendra Rosha, as per an official statement. Rosha is moving to Hong Kong as the co-chief executive of HSBC…
Vikas Dua has joined IPG DXTRA as Head – HR. IPG DXTRA is a wholly-owned unit of The Interpublic Group of Companies, the world’s leading marketing communications company. Most recently, Dua was Vice President – HR at Aegis Global for one year and was leading strategy and operations for talent acquisition for 26 centres pan-India.…
Nium, a leading global B2B payments platform, announced that it has signed a definitive agreement to acquire Ixaris, a leader in travel payments optimisation. The transaction is expected to close early in the third quarter of 2021, subject to customary closing conditions. Ixaris provides flexible funding and payment methods that help airlines and online travel agents…
Nasdaq-listed software company Commvault has appointed Anshuman Rai as Area Vice President, India & South Asia. Commvault sells data protection software that enterprises use to back up their business records and protect them from outages. In this new role, Rai will be responsible for accelerating growth across the entire India and South Asia region, driving…
Aruba Networks founder Keerti Melkote is retiring from the company he started after a two-decade innings at the helm, according to TNN report. Aruba was acquired by Hewlett Packard Enterprise (HPE) for $2.7 billion in 2015, and Melkote continued as president of the business unit. Melkote grew up in Hyderabad and did engineering from the…
Ahmedabad-based Microfinance Institution, Pahal Financial Services Pvt. Ltd., recently raised debt capital worth 5 million US dollars from WaterEquity, a USA-based impact investment asset manager. The organization has touched the lives of more than 8 lakh individuals, a majority of them being women borrowers, according to the release. Pahal has been working towards providing funding…
The Software Technology Parks of India (STPI) will set up 12 CoEs (Centres of Excellence) across the country to build products and solutions in areas such as healthtech, IOT and SmartAgri as it looks to nurture small companies and startups to work on these solutions, according to ET Bureau report. “These CoEs will play a pivotal role in…
Global pharma major Lupin Limited (Lupin) announced the launch of its Digital Asthma Educator platform. The platform guides asthma patients on the correct technique of using inhalers. The new platform is the latest initiative under Lupin’s long running umbrella programme, Joint Airways Initiative (JAI), for patients suffering from respiratory ailments. According to estimates, India has…