Reserve Bank of India accorded approval for the appointment of A.P. Hota as the part-time Chairman of the Bank with effect from June 29, 2023 till January 14, 2026. A. P. Hota was serving as an independent Director on the Board of the Bank since January 15, 2018. Abhay Prasad Hota has 27 years of experience…
Motherson, in collaboration with Marelli, announced the inauguration of Motherson Automotive Lighting Tool Room (MALT), a ground-breaking facility that marks a significant milestone in automotive lighting technology. This is the first-ever tool room in India dedicated to automotive lighting. The plant was inaugurated by Mr. R.C. Bhargava, Chairman of Maruti Suzuki India Ltd., and Mr.…
Enovix Corporation (Enovix), an advanced silicon battery company, announced the appointment of Farhan Ahmad as Chief Financial Officer, replacing Steffen Pietzke, who is stepping down effective July 9, 2023. Pietzke will stay on as a consultant for up to six months to ensure a smooth transition. “Steffen has been instrumental through major financial events including…
Vipul Organics Limited, a leading Specialty Chemicals company in the pigments and dyes segment, has announced its plans to hire around 100 employees across verticals, within the next 12-18 months’ timeframe. Today, Vipul Organics workforce comprises of 350 people spread across its head office in Mumbai, its R&D centre in Mumbai and its three facilities…
TerraPay, a global payments infrastructure company, has announced its partnership with Attijariwafa bank, Morocco’s largest banking group by market capitalization, to facilitate real-time and seamless global money transfers directly to bank accounts in Morocco. This partnership will allow Attijariwafa bank to leverage TerraPay’s well-established global partner networks and receive inbound cross-border payments from various sending…
Accenture announced that effective July 1, Rajendra Prasad will become Accenture’s chief information and asset engineering officer, a new role that oversees all internal technology development and support for Accenture systems and Accenture assets for clients. “These leadership changes are integral to our strategic growth ambitions as we continue to push the boundaries of innovation…
L&T Technology Services Limited (LTTS), a global pure-play engineering services company, announced it has partnered with Palo Alto Networks, the global cybersecurity leader, to provide enterprises in diverse verticals with security services and solutions in 5G and Operations Technology (OT) areas. Under the agreement, LTTS will become a Palo Alto Networks Managed Security Services Partner…
Visa announced it has signed a definitive agreement to acquire Pismo, a cloud-native issuer processing and core banking platform with operations in Latin America, Asia Pacific and Europe, for $1 billion in cash. By acquiring Pismo, Visa will be positioned to provide core banking and issuer processing capabilities across debit, prepaid, credit and commercial cards…
Specialty Chemicals company Aarti Industries Limited (AIL) announced the appointment of Prof. Aniruddha B. Pandit, Shekhar S. Khanolkar and Ajay Kumar Gupta to its Board of Directors, with effect from June 29, 2023. Prof. Aniruddha B. Pandit is presently a Vice Chancellor, Institute of Chemical Technology, India, Vice President, INAE (Academic, Professional, and International Affairs)…
With France and India steadily strengthening their ties in recent years, both governments have actively supported numerous initiatives to boost trade, investment, and joint projects between the two nations. As a symbol of Franco-Indian cooperation, Indian Prime Minister Narendra Modi will be the guest of honour of President Emmanuel Macron on this year’s National Day…
Procter & Gamble India announced that it will invest ₹2000 Crore to set up a new state-of-the-art personal healthcare manufacturing facility in Gujarat. The investment was announced by LV Vaidyanathan, CEO, P&G India, in a meeting with Bhupendra Patel, Hon’ble Chief Minister of Gujarat. The facility builds on top of the P&G India’s existing manufacturing…
TVS Motor Company, a manufacturer of two-wheelers and three wheelers globally, announced a strategic association with the food ordering and delivery platform, Zomato. This association is in line with TVS Motor’s commitment towards its green and sustainable mobility solutions. It further strengthens the company’s electrification journey across diverse mobility segments and aligns with Zomato’s efforts…
AstraZeneca has announced a $400 million investment in its global AZ Forest programme, raising its commitment to plant 200 million trees by 2030 and ensure their long-term survival. This includes new or expanded projects in Brazil, India, Vietnam, Ghana and Rwanda that will contribute to the Company’s climate action, restore nature, promote biodiversity and build…
InCred Alternative Investments Private Limited (‘InCred’) announced the appointment of Vivek Singla as Managing Partner & Chief Investment Officer (CIO), Private Equity. InCred Alternative Investments is part of InCred Capital (InCred Capital Financial Services Pvt Ltd), the institutional, wealth, and asset management arm of InCred Group Vivek will spearhead InCred’s maiden Private Equity Fund, which will be the third Alternatives strategy from InCred after Structured Credit Fund and Liquid Quant Fund, a statement said. Vivek brings deep domain knowledge in private equity investing and complements InCred’s…
Mythical Games, the next-generation gaming studio behind the Mythical Chain, Mythical Marketplace, and popular gaming titles such as NFL Rivals and Blankos Block Party, and the soon-to-be-released Nitro Nation World Tour, has secured $37 million as part of its Series C1. Led by digital asset manager Scytale Digital, with participation from ARK Invest, Animoca Brands, PROOF, Stanford Athletics, MoonPay, as…