Darwinbox, one of Asia’s leading enterprise HR technology platforms, has announced the closing of a $15 million funding round led by Salesforce Ventures. Most recently, the HR tech startup raised a Series B round in September 2019 led by Sequoia Capital India with participation from existing investors Lightspeed India, Endiya Partners and 3one4 Capital, bringing…
MG Motor India is considering starting an additional shift at Gujarat’s Halol manufacturing plant to meet demand for its vehicles. The company is planning to recruit 1,000 workers, directly and indirectly, at the plant by the end of 2021 to ramp up production for the launch of a midsize sports utility vehicle. Currently, the company…
Wisdom Tree Ventures (WTV), a flagship IT company of Wisdom Group, has taken a step: To provide technological, financial and marketing assistance to 100 start-up ventures and budding Entrepreneurs within the next 5 years. According to the statement, “The company has chalked out a plan to address the financial vacuum created by the ongoing Covid-19 situation,…
Larsen & Toubro (L&T), a major Indian multinational in technology, engineering, construction, manufacturing and financial services, with global operations, has plans to recruit close to 1,100 graduate and post graduate engineer trainees in 2021 and deploy them across various business verticals, a top company official has said, as per PTI report. The company, through its…
Sai Life Sciences, one of India’s fastest growing Contract Research, Development & Manufacturing Organizations (CRDMOs), has announced its plans to recruit over 500 scientists during the year 2021. As the first phase of this drive, the company has initiated recruitment for scientific talent in API process and analytical research & development, particle engineering and sciences,…
Fiat Chrysler Automobiles (FCA), a global company that designs, engineers, manufactures and sells vehicles and related parts, services and production systems worldwide, has announced the investment of $150 million to set up a new Global Digital Hub in Hyderabad. The facility FCA ICT India is the company’s largest Digital Hub outside of North America and…
Mobility platform Ola announced it has signed the MoU with the Tamil Nadu government for an investment of 2,400 crores in setting up its first factory in the state. Upon completion, the factory will create almost 10,000 jobs and will be the world’s largest scooter manufacturing facility, which will initially have an annual capacity of…
Tata Consultancy Services (TCS), a global IT services, consulting and business solutions organization, has expanded its business operations in Austin, Texas with the construction of a new facility, doubling its presence to more than 400 professionals in the city and adding to its 5,500+ employees across the state. Located at 13929 Center Lake Drive, the…
HCL Technologies Ltd (HCL), a leading global technology company, has announced its entry into Vietnam. Marking its presence within the region, HCL aims at boosting employment, providing resources and skilling local talent to serve its global clients. HCL’s local entity, HCL Vietnam Company Ltd. aims to foster growth and train the nation’s talent pool in…
Hindalco Industries Limited, the Aditya Birla Group metals flagship, announced plans to set up a 34,000-tonne extrusion plant at Silvassa. The new plant will service the fast-growing market for extruded aluminium products in the western and southern regions, according to the statement. The ₹730-crore project in Silvassa signals a big step forward in Hindalco’s downstream…
According to a report by Centre for Monitoring Indian Economy (CMIE), India’s unemployment rate stood at 7.8% for the week ended November 22.
ValueLabs, a global technology services provider, has opened a new development center at Plaza Real Cariari in San Jose, Costa Rica, to serve as a near-shore center for clients in the US and Canada. This development center will allow ValueLabs to expand their presence in Latin America and support strategic clients in Healthcare, Retail, HCM,…
Clariant, a sustainable and innovative specialty chemical company, has announced its plans to cut 1,000 positions in service and regional structures as part of its rightsizing program. “The Group plans to rightsize regional organizations and service units in order to avoid remnant cost, thereby reducing complexity and increasing agility post the expiration of transitory service…
Hitachi ABB Power Grids in India listed on the Indian stock exchanges as “ABB Power Products and Systems India Ltd.,” announced that it has won a project worth more than Rs 100 crore from HPCL Rajasthan Refinery Limited (HRRL), a joint venture between state-run Hindustan Petroleum Corporation Limited and the Government of Rajasthan. The infrastructure development…
Gap and India’s Ministry of Rural Development (MoRD) have announced a new partnership to reach hundreds of thousands of young women and men over the next three years by leveraging Gap Inc.’s P.A.C.E. (Personal Advancement & Career Enhancement) program. The collaboration represents a culmination of efforts across both organizations to provide greater opportunity to youth…