Merchant-focused fintech, BharatPe, on Wednesday announced the appointment of Amit Jain as its chief risk officer. Jain is the third senior addition to BharatPe’s leadership team this year. It had also roped in former chief executive of loyalty platform Payback, Gautam Kaushik, to lead its payments business, and appointed former partner at Amarchand Mangaldas, Sumeet… Continue reading India: Sequoia-backed BharatPe strengthens its leadership team with new hire
Tag: Strategy
Innoviz Technologies Sets June 2021 Financial Conference Schedule
TEL AVIV, Israel, June 2, 2021 /PRNewswire/ — Innoviz Technologies (Nasdaq: INVZ), a technology leader of high-performance, solid-state LiDAR sensors and perception software, is scheduled to participate at the following virtual financial conferences during June 2021: 5th Annual Needham Virtual Automotive Tech Conference Presentation and 1x1s on Tuesday, June 8th at 8:00 a.m. Eastern time Webcast: Link UBS… Continue reading Innoviz Technologies Sets June 2021 Financial Conference Schedule
Chicago Rail Link Honors Shipping Safety with Community Donations to Chicago Police and Fire Departments
CHICAGO, June 2, 2021 /PRNewswire/ — Chicago Rail Link, LLC (CRL), a managed affiliate of OmniTRAX – the Colorado based transportation affiliate of The Broe Group, presented contributions to the Chicago’s 004 District Police Department and Chicago Fire Department Engine 81at a ceremony honoring local recipients of the inaugural OmniTRAX Safe Shipper Award. The OmniTRAX Safe Shipper… Continue reading Chicago Rail Link Honors Shipping Safety with Community Donations to Chicago Police and Fire Departments
FADA president welcomes Mercedes-Benz India’s new retail dynamic
Gulati: “Any dealer would be happy if he is able to minimise the inventory costs. Here, not just the interest on unsold inventory, even stockyard and pre-sales expenses will be fully eliminated.” Earlier today, Martin Schwenk, MD and CEO of Mercedes-Benz India, today made a landmark announcement to adopt an approach similar to a D2C… Continue reading FADA president welcomes Mercedes-Benz India’s new retail dynamic
Autoliv to set up steering wheel plant in Mexico
Autoliv, the global leader in automotive safety systems, is to construct a new steering wheel manufacturing plant in Aguascalientes, Mexico. When fully operational the 322,000 square feet facility will have the potential to employ up to 3,000 people. “We are doing this expansion to meet growing customer demand,” said Kevin Fox, President, Autoliv Americas. “This… Continue reading Autoliv to set up steering wheel plant in Mexico
Mercedes-Benz India adopts new customer-focussed retail strategy
Mercedes-Benz India has announced a new retail strategy for the Indian market. This aims to smoothen the purchase process further, enhance customer experiences and also induce better profitability for its channel partners. The new approach, part of its ‘Reimagine Excellence’ programme, is similar to a D2C (direct-to-consumer) model, wherein Mercedes-Benz India will directly invoice vehicles to… Continue reading Mercedes-Benz India adopts new customer-focussed retail strategy
Celonis Raises $1 Billion Series D Funding; Valued at More Than $11 Billion
Celonis, a Munich, Germany- and New York City, USA-based execution management company, raised $1 billion in Series D funding. The round, which increased its post-money valuation to more than $11 billion, was led new investors Durable Capital Partners LP and T. Rowe Price Associates, with participation from Franklin Templeton, Splunk Ventures and a group of principal investors… Continue reading Celonis Raises $1 Billion Series D Funding; Valued at More Than $11 Billion
Tesla is expected to be first to use LG’s new NCMA nickel-based battery cells
Tesla is expected to become the first automaker to use LG Energy Solution’s new NCMA battery cells, which have a 90% nickel composition. Over the last few years, Tesla has been adopting more new chemistries in its battery cells for its electric vehicles, especially with new vehicles being produced at Gigafactory Shanghai. By validating new… Continue reading Tesla is expected to be first to use LG’s new NCMA nickel-based battery cells
ICG acquires Australian real estate debt investor Newground
London-listed global alternative asset manager Intermediate Capital Group (ICG) announced on Tuesday that it has acquired the Australian real estate debt investor Newground Capital Partners (Newground) for an undisclosed amount. The newly acquired business, which will trade as ICG-Newground, will underwrite loans of A$30-200 million ($23-154 million) to owners of value-add, stabilised, and construction assets,… Continue reading ICG acquires Australian real estate debt investor Newground
Malaysian telco Axiata and RHB Banking to jointly bid for digital banking licence
Malaysian teleco Axiata Group Bhd and RHB Banking Group announced on Wednesday that they have formed a consortium to apply for a digital banking licence in the country. Boost Holdings, Axiata’s subsidiary that operates an e-wallet, will own 60%, while RHB, the country’s fourth-largest banking group, will own the rest of the digital bank, subject… Continue reading Malaysian telco Axiata and RHB Banking to jointly bid for digital banking licence