Business

Travel technology firm IBS Software (IBS) has entered into a definitive agreement with Massachusetts-based Kronos Incorporated to acquire AD OPT, an aviation software that provides crew management solutions to the airline industry.

With an aim to strengthen its technology function, mPokket, a one-of-its-kind digital lending platform for college students and young professionals, recently appointed Andy Sen as its Chief Technology Officer.

Dinesh Pangtey has been appointed as Chief Executive Officer of LIC Mutual Fund. Pangtey started his career as a direct recruit officer with LIC of India in 1984 and has risen through the ranks to this senior position.

Thailand is experiencing a boom in applications from entrepreneurs seeking to take advantage of the investor-friendly Thailand Elite Residence Program.

Schneider Electric has appointed Jaya Mahadevan as the Director - Distribution & IT Channel Business for Secure Power, Greater India.

Mastercard is acquiring Transactis for an undisclosed amount. The deal is expected to boost the company's effort to launch its Bill Pay Exchange services later this year.

Netrika has joined hands with the Association of Certified Fraud Examiners (ACFE) in its effort to reduce the incidence of fraud and white-collar crimes.

Viacom18 has appointed Gourav Rakshit as COO for Viacom18 Digital Ventures. He will be joining the organization in May 2019, and will be reporting to Sudhanshu Vats, Group CEO & MD, Viacom18.

While Indonesia, Mexico and the Philippines are dominating the top positions, India has been placed at the 9th position ahead of China which ranks 10th in the top 10 list of the fastest rising e-commerce market.

Arm has appointed Inder M. Singh as executive vice president and chief financial officer (CFO) with immediate effect. Singh will lead Arm’s global finance organization and report to Arm CEO Simon Segars.