GlobalBees Joins Unicorn Club For its Thrasio-Like House of Brands
GlobalBees has joined the Unicorn club as the New Delhi headquarters firm to scale its Thrasio- like the house of Brands. Prem Invest, the investment firm controlled by Indian tycoon Azim Premji, led the nine-month-old startup’s Series B financing round, the young firm disclosed in a regulatory filing. Steadview Capital and existing investors ━ SoftBank…
John David
TATA-Siemens Consortium to Develop Corridor For Pune Metro
A joint venture between TRIL Urban Private Limited (a Tata group company) and Siemens project venture GmbH (a subsidiary of Siemens Financial Service) under the Public-Private Partnership (PPP) route will develop the metro corridor from Hinjewadi to Shivajinagar. For this project, the joint venture, TATA and Siemens, formed a special company called Pune IT City…
Rakesh Jhunjhunwala and R K Damani to Buy 10% Stake in RBL Bank
Rakesh Jhunjhunwala, Ace investor, and R K Damani, D-Mart’s founder, have approached the Reserve Bank of India to acquire 10% stakes in the Ratnakar Bank Limited (RBL), according to the CNBC TV 18 report. The reports suggested by the channel that the RBI is in the process of examining the request. The news comes a…
Ex-executive of BYJU’s Chetna Gogia Appointed as CHRO at GoKwik
Former BYJU’s executive and HR Head at PolicyBazar, Chetna Gogia is now appointed as the New Cheif Human Resource Officer at GoKwik. GoKwik, an e-Commerce enablement company has appointed Chetna Gogia as the new CHRO. Here, she will be a key player in aiding to its growth path and complementing GoKwik all remote, people-centric culture. …
RBI Has Changed Online Payment Rules- Effective From New Year
Reserve Bank of India has Announced Changing the Guidelines for Merchants and Gateways. The Revised Online Payment Rules Will Be in Effect from January 1. Read This Post To Know Everything About Newly Amended Rules. With a bounce in digital payments in India, the chances of fraud have also increased. Online transactions are always prone…
Geetika Mehta, New Chief Human Resource Officer at ZebPay
ZebPay, a crypto asset exchange, announced hiring Geetika Mehta as a chief human resource officer (CHRO) on Monday. Before this, she was the Chief People Officer at Jubilant Industries and has played leadership roles in OYO, PUMA, Urban, and Ladder. Here, at ZebPay, she will be responsible for designing and implementing people strategy, cultural transformation,…
Shark Tank India- India’s First Business Reality Show
Starting a new business is exciting, but it is not as easy as it seems, especially when you are new to it. Following your passion, being a successful entrepreneur, if it is your dream, finally your wait is over. Sony Entertainment Television has released the Indian version of America’s popular business TV show ‘Shark Tank’. …
Indian Fintech Firm Razorpay Raises $375 Million; Valuation Gets Double
Indian fintech giant Razorpay has doubled its valuation from $3 billion in April to $7.5 billion to become India’s fastest-growing fintech firm. It raised $375 million in the first round of its series F funding, co-sponsor by hedge and private equity firms Lone Pine Capital, Alkeon Capital, and TCV. With this fundraise, the company’s value…
U.S. House Passes The Bill on Clamping Down China’s Product
The U.S. Senate passed legislation on Thursday to ban imports from China’s Xinjiang Region over concerns about forced labor. It is a part of Washington’s continued pushback against Beijing’s treatment of the country’s Uyghur Muslim minority. The legislation passed by unanimous voice vote, after lawmakers agrees on a compromise that eliminated differences between bills introduced…
Unilever CHRO Leena Nair Decides to Quit After 30 Years
According to the reports, Leena Nair, CHRO at Unilever, joins in her new position with French-based company CHANEL. Leena Nair, who has been working with British consumer goods company Unilever for 30 years, most recently as Chief Human Resource Officer and member of Unilever leadership executive, now decides to quit and joins French Luxury group…
