White Lotus has announced that it will invest a sum of Rs 100 crore in sustainability space. The amount will be used to set up infrastructure to practice and promote innovation to fuel sustainable practices across industry verticals, the Bengaluru-based company said. To take the plan forward, the company said it has set up a…
Teamonk Global is planning to secure $5 million to augment its business in overseas markets and tap growing demand of green and black teas amid the Coronavirus health-crisis, according to a company official. The Tea brand markets specialty teas and aims three-fold jump in revenue i.e by 55 per cent this fiscal to Rs 10.5…
Zymr, a full-stack cloud-native software development company headquartered in California, announced a third development center in Bengaluru to accommodate the rapid growth and future expansion plans of our company. According to the press release, the new center in Indiranagar with proximity to the Bengaluru Metro, will make Zymr easily accessible by the customers and company…
ABB, one the leading suppliers of robot, robot systems and machine & factory automation solutions, announced that it has opened a new facility in Bengaluru. Spread over 3,600 sq.m at the ABB Nelamangala factory premises in Bengaluru, the new facility will enable ABB India to deliver robotic applications and digital solutions for a variety of…
Indian e-commerce giant Flipkart, recently announced the launch of its hyperlocal service – ‘Flipkart Quick’ building on its technology capabilities and supply chain infrastructure. Flipkart Quick is aimed to offer unmatched customer experience, riding on wide selection, top-class quality and a new location mapping technology framework. The hyperlocal delivery model aims to tap new consumers…
Bounce, one of India’s largest shared mobility players, announced that it has resumed its operations in Bengaluru and Hyderabad. In addition to its dockless scooter sharing model, Bounce has introduced flexible long-term rental plan and a subscription based model, Bounce – A (AtmaNirbhar) to ease commute within cities during the lockdown 4.0. The company said…
Online grocery marketplace Bigbasket recently announced that it has acquired a 100% stake in milk delivery app DailyNinja to grow its milk delivery services. As per various media reports, the grocery delivery platform paid around $15-20mn for the acquisition. The acquisition further strengthens Bigbasket’s leadership position in the subscription delivery space in the Silicon Valley…
Tech giant Intel recently confirmed that one of its employees based in Bengaluru has “potentially been exposed” to the novel coronavirus and is currently under quarantine. As the death toll due to the virus crossed the 3,000 mark, corporations around the globe have begun to take preventive measures to safeguard their employees’ health. The company…
India has been long known as the world’s outsourcing destination. From housing BPOs for the world’s biggest tech companies to moving forward as a manufacturing hub for the world, India has come a long way. The country is aggressively reinventing itself as an innovation hub and boasts of 27 home-grown unicorns who are leading the…
Cognizant, an IT services company on Friday announced that it has opened a new facility in Mangaluru. This is said to be Cognizant’s fourth facility in Karnataka after Mysuru and Bengaluru. The new 100,000sq-ft facility boasts of accommodating more than 1,100 employees. Cognizant has a long association with Mangaluru since 2011 after acquiring CoreLogic Global…
Silicon Valley Bank, a subsidiary of SVB Financial Group, is planning to hire over 200 people for its newly opened Bengaluru Office. The company has started hiring engineers, systems architects, data analysts, product design, development and support for core functional areas of SVB’s business. As per ET, Daniel Beck, Chief Finance Officer, Silicon Valley Bank,…
IIT Kanpur, one of the first Indian Institutes of Technology and a globally acclaimed Institute of National Importance, continued its Diamond Jubilee celebrations with a unique event in Bengaluru hosted by IIT Kanpur Alumni Association, Bangalore Chapter. The symposium on ‘Transforming India: The Next Innovation Powerhouse’ was the first of a series of events that…
Schneider Electric, a French multinational corporation, has opened a new factory in Bengaluru. As per the Schneider Electric statement, this new factory will employ around 700 people. Earlier this month, the company had opened its first Smart Distribution Center in Mumbai. In a statement, the company said, “Schneider Electric announces the launch of its factory in…