News | Pixr8 News

Flipkart’s Top Level Exodus Continues as CFO Sanjay Baweja Quits

26Oct By NitishNo Comments

News

Flipkart’s Top Level Exodus Continues as CFO Sanjay Baweja Quits

Flipkart's Chief Financial Officer Sanjay Baweja has put in his papers after a two-year stint, marking the latest top-level exit at the e-commerce major. "Flipkart CFO Sanjay Baweja has quit. The company has started searching for his replacement. Baweja will continue to work with company till December 31, 2016," an industry source told Pixr8. When contacted, a Flipkart spokesperson confirmed the development. Baweja joined Flipkart from Tata Communications about two years back. Flipkart's head of commerce and advertising business Mukesh Bansal and Chief Business Officer Ankit Nagori resigned from the company in February this year. Nagori quit the firm to start a venture in the sports domain where Flipkart's Co-Founders Sachin and Binny Bansal are the first investors. Later in Ap...

Bengaluru Based BHIVE Workspace Launches Its Largest Co-Working Space in Bengaluru

26Oct By AnkitaNo Comments

News

Bengaluru Based BHIVE Workspace Launches Its Largest Co-Working Space in Bengaluru

India’s leading shared office provider BHIVE Workspace has launched its largest co-working office in the heart of the Bengaluru city. The new office will be located at Prestige Towers, Residency Road and will have a capacity of over 600 members. With this, the company will strengthen its position as the largest co-working space provider in the city. “We are committed to extending the ‘BHIVE Experience’ to all entrepreneurs and professionals at the most convenient and premium locations. Our new co-working space at Residency Road is a huge step in this direction,” said Shesh Paplikar, co-founder and CEO of BHIVE Workspace. “We are focused on delivering the best co-working environment and our new office will set new benchmarks for office design and overall working experience,” he added. ...

Ola Ties Up With BMW, Expands On Demand Luxury Ride Service

25Oct By Press Trust of IndiaNo Comments

News

Ola Ties Up With BMW, Expands On Demand Luxury Ride Service

Leading taxi-hailing app Ola on Monday partnered with luxury car maker BMW, which the two companies claimed will go a long way in redefining on-demand luxury mobility in India. Ola claims it has around half a million drivers on its platform and the service, Ola Lux, is available in Mumbai, Delhi and Bengaluru to begin with, and will shortly commence in Hyderabad. Ola already has tie-ups with luxury car makers Mercedes and Jaguar and also with Mahindra and Tata Motors. Other OEMs like Maruti Suzuki, Toyota and Nissan also have such association with aggregators. BMW India acting president Frank Schloeder said the partnership is not exclusive, but will offer 100 per cent financing from BMW Finance, assured buyback and two-year free insurance maintenance. Pranay Jivrajka, chief ope...

Tata Sons Remove Cyrus Mistry as Chairman, Ratan Tata Steps in

24Oct By Press Trust of IndiaNo Comments

News

Tata Sons Remove Cyrus Mistry as Chairman, Ratan Tata Steps in

In a major shakeup, Tata Sons has removed Cyrus Mistry from the post of Chairman. The decision was taken at athe board meeting held in Mumbai on Monday. Ratan Tata will be the interim Chairman, the board announced in a statement. A search committee has been set up to find a successor. 'The Committee comprises Mr. Ratan N. Tata, Mr. Venu Srinivasan, Mr. Amit Chandra, Mr. Ronen Sen and Lord Kumar Bhattacharyya, as per the criteria in the Articles of Association of Tata Sons,' the statement said, adding that the committee has been given four months to complete the process. CEOs at the operating company level have not been touched in the rejig.

Startup Incubator thinQbate Launches with its First Cohort of 6 Emerging Startups

24Oct By PriyankaNo Comments

News

Startup Incubator thinQbate Launches with its First Cohort of 6 Emerging Startups

The last year has been a landmark year for startups in India. As per the Nasscom report, India ranks third among global startup ecosystems with more than 4,200 new-age companies. Aimed at supporting this growth, thinQbate, a new thinking incubator launched in Mumbai today. Based on a community and entrepreneur first approach to angel investment and incubation, it hopes to create an ecosystem that will identify, nurture, and leverage on the success of a concept. thinQbate aims to help annual cohorts of fresh ideas and minds thrive by providing a physical space to work in, support from its expert partners and showcasing entrepreneurs based in thinQbate and through events, in-house & external, through the year. Focusing on the importance of providing a favorable ecosystem for the s...

Mahindra Launches New Platform For Vehicle Auction

24Oct By Press Trust of IndiaNo Comments

News

Mahindra Launches New Platform For Vehicle Auction

Mahindra First Choice Wheels (MFCWL) today announced the launch of a platform that allows buyers to participate in traditional 'on the ground' used-car auctions via internet in real-time. The platform, True Time Bids will significantly improve efficiency of how vehicle auctions are conducted in India today, the company said in a statement. MFCWL ran a pilot project of True Time Bids with Kotak Bank prior to its launch. MFCWL Senior Vice President of e-Business B Ganeshkumar said: "The pilot launch of Truetimebids.com with Kotak has been extremely successful and we look forward to taking this platform to all our clients over the next few weeks. "Stating that the platform will fundamentally change the way vehicles are disposed at auctions, he added: "Our clients are continuously loo...

Have you Checked Snapdeal’s Logistics and Delivery Team Unbox Zindagi Look?

24Oct By AdityaNo Comments

News

Have you Checked Snapdeal’s Logistics and Delivery Team Unbox Zindagi Look?

Snapdeal, India’s largest online marketplace, today announced its collaboration with Nikasha Tawadey Khemka, a contemporary prêt and couture label that retails from leading fashion boutiques in India and abroad. As part of Snapdeal’s brand revamp, Nikasha has designed the new brand look for Snapdeal’s delivery team. The designer uniform for Snapdeal is a beautiful mix of strong aesthetics and functionality, and uses a color blocking element that has been taken from the logo itself. This gives a sleek and edgy feel to the designed outfits. The complete gear includes Nehru-collared T-shirts, accessories like waist pouch, cap and delivery bag in the cheery Vermello brand colour. The new look of the logistics staff takes cues from the brand’s warm and vibrant ‘Unbox Zindagi’ positioning ...

Aditya Agarwal Promoted as a CTO of Dropbox

23Oct By NitishNo Comments

News

Aditya Agarwal Promoted as a CTO of Dropbox

Aditya Agarwal, Dropbox current VP of Engineering, will be taking on the role of CTO, the file sharing company said in a press release. In this new position, Aditya will lead Dropbox, a file hosting service, innovation efforts while continuing to manage our world-class product engineering team. Arash Ferdowsi, the co-founder of the company, who’s served as CTO to date, will continue to focus his day-to-day activities on helping Dropbox scale as a company and business. Aditya Agarwal has played an instrumental role in building products like Dropbox Business, Dropbox Enterprise, Dropbox Paper, and Dropbox Infinite. He’s also scaled our engineering team from 20 to hundreds of people across multiple locations. Aditya joined Dropbox through the acquisition of Cove, a company focused on build...

Aditya Birla Group Chairman Kumar Mangalam Birla Appointed Chairman of IIM-A

23Oct By NitishNo Comments

News

Aditya Birla Group Chairman Kumar Mangalam Birla Appointed Chairman of IIM-A

One of India's leading businessman Kumar Mangalam Birla has been appointed the new Chairman of the Indian Institute of Management-Ahmedabad (IIM-A) by HRD Ministry. The HRD committee also shortlisted the names of Deepak Parekh, Chairman of Housing Development Finance Corporation; R. Seshasayee of Infosys and Pawan Munjal, the CMD of Hero Motocorp. The 49-year-old Chairman of the $41 billion industrial conglomerate Aditya Birla Group is the final choice from HRD ministry. The premier B-school in India has been without a regular Chairman since January when A.M. Naik, the CMD of Larsen & Toubro, quit citing "availability issue due to work". Though he has no formal authority, the Chairperson can set the agenda by guiding discussions and influencing the direction of the institute. ...

Mahindra Group Starts Using Internet-of-Things For Trucks & Tractors

22Oct By NitishNo Comments

News

Mahindra Group Starts Using Internet-of-Things For Trucks & Tractors

One of the largest tractor makers and commercial vehicle players in India, Mahindra Group has already started using the Internet-of-Things (IoT) project for placing sensors in its tractors and trucks for predicting possible breakdowns. According to the Strategy Head at the Group, Anish Shah, there will be sensors in tractors and trucks to predict failures of specific parts. There will be parts waiting for customers at service centres on the route subsequently. This will prevent breakdowns and time losses of drivers. The same technology can be applied for the automobile business too according to Shah. IoT facilitates sensor placement on machines and subsequent data collection for tracking and improving performance. The Mahindra Group has a stake in Cloud Leaf, a Silicon Valley start-up w...

HCL Tech CEO Anant Gupta Quits, C Vijayakumar to Succeed

21Oct By NitishNo Comments

News

HCL Tech CEO Anant Gupta Quits, C Vijayakumar to Succeed

IT services major HCL Technologies today said its Chief Executive Officer Anant Gupta has put in his papers, following which the company has elevated current Chief Operating Officer C Vijayakumar to the post. "Anant Gupta has decided to leave the company to pursue personal interests outside of HCL," it said in a statement. It added that the company was elevating C Vijayakumar as the President and CEO of the company with immediate effect. "Vijay has been a transformational leader in the company leading from the front. His vision and flawless execution trackrecord best positions him for taking our journey forward," HCL Technologies Chairman and Chief Strategy Officer Shiv Nadar said. To increase momentum of the companys next generation services, Vijayakumar will further accelerat...

$3 Billion Out of $6.25 Billion – The Online Investment From Chinese Investors in India

20Oct By NitishNo Comments

News

$3 Billion Out of $6.25 Billion – The Online Investment From Chinese Investors in India

India has become an "action zone" for Chinese investors like e-commerce giant Alibaba as its market attracted second highest Chinese funding in IT products next to the US, state media reported today. Citing the fast growth of Indias e-commerce website Paytm which provides services to 130 million people in India, a write-up in state-run China Daily said, "India is not just another developing country - it is the worlds fastest-growing economy". "A huge internet population, rapid growth of mobile internet users, political stability, established institutions like judiciary, a thriving start-up ecosystem, renowned IT expertise and the promising market potential... all these factors have made India an attractive, almost irresistible proposition for Chinese investors," the report said. A...