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Another Accenture exec departs: Tyler Buffie moves to EY as principal - The Economic Times

Economic Times

Economic Times · 1m ago

Another Accenture exec departs: Tyler Buffie moves to EY as principal - The Economic Times

Tyler Buffie, after a 13-year tenure at Accenture, has joined EY as a principal to focus on data and AI strategy, promoting innovation with ethical governance and business value. Previously the managing director at Accenture, Buffie announced his transition on LinkedIn, expressing gratitude for his past experiences. His move marks the second instance this year of an Accenture executive leaving for another company amidst restructuring, with Accenture yet to announce his replacement.

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Early-stage investor Relentless VC elevates exec to partner

VCCircle

VCCircle · 11m ago

Early-stage investor Relentless VC elevates exec to partner

Relentless VC, a micro venture capital firm focusing on early-stage investments, has promoted Nikheel Kamble to the position of partner. Kamble, who joined Relentless VC in 2020 as a principal, has previously held roles at SIDBI Venture Capital and Artha Ventures. Relentless VC, which has a $10 million corpus, backs startups in various sectors and has recently invested in Nected and SuperAPI. The firm aims to support startups that are innovating within their industries.

Russia fines Google 15 million roubles for refusing to localise data storage

Economic Times

Economic Times · 1y ago

Russia fines Google 15 million roubles for refusing to localise data storage

Russia fined Google 15 million roubles for failing to localize data storage, as per The Economic Times. Russian law mandates tech companies to store user data on servers within the country. In another context, the Indian Income Tax Department is investigating Apple, Google, and Amazon's Indian units for potential tax non-payment, focusing on transfer pricing practices since 2021, seeking detailed explanations from the tech giants.

Startup accelerator 9Unicorns hires former Mckinsey exec to beef up team

VCCircle

VCCircle · 1y ago

Startup accelerator 9Unicorns hires former Mckinsey exec to beef up team

Early-stage investment platform Venture Catalysts' accelerator and incubator, 9Unicorns, has appointed Lumani Shah, a former McKinsey & Company senior associate, as a principal in the firm. Shah's role will involve driving strategic growth initiatives and supporting the growth of the accelerator's portfolio companies. With her expertise in strategy development, financial analysis, and operational excellence, Shah is expected to play a crucial role in guiding the portfolio companies towards success and executing investments. This hiring comes shortly after the appointment of Vinod Keni as a partner at 9Unicorns. The fund has already invested in companies such as Shiprocket, BluSmart, and Vedantu.

Former Hulu exec is building a go-to remittance app for Indian expats

TechCrunch · 2y ago

Former Hulu exec is building a go-to remittance app for Indian expats

Abound, a startup founded by former Hulu executive Tim Connolly, has secured funding from Times Group. The details of the funding round have not been disclosed yet. As an innovative startup, Abound aims to revolutionize the way consumers discover and engage with live events and entertainment content. The investment from Times Group will likely accelerate Abound's growth and market expansion.

Metaplanet to Raise $5.4B for 210,000 BTC; Strategy Upsizes $1B STRD Preferred Stock Offering | DeepNewz VC

deepnewz

deepnewz · 2m ago

Metaplanet to Raise $5.4B for 210,000 BTC; Strategy Upsizes $1B STRD Preferred Stock Offering | DeepNewz VC

Metaplanet has announced a major initiative to raise $5.4 billion with the goal of accumulating 1% of Bitcoin's supply by 2027. Concurrently, another unnamed strategy has increased its raising target from $250 million to $1 billion due to heightened demand. These moves signify significant interest and investment in Bitcoin, as companies look to strengthen their positions in the digital asset market.

Strengthening of group audits should benefit investors

Money Control

Money Control · 10m ago

Strengthening of group audits should benefit investors

The National Financial Reporting Authority (NFRA) has proposed a new accounting standard that aims to regulate group audits. This standard will govern how audits are conducted for companies with subsidiaries and associates and will hold the principal auditor accountable for the consolidated financial statements. The NFRA has released a draft of the proposed accounting standard on relying on the work of another auditor, which is crucial for investors as consolidated accounts are significant for financial decision-making.

UK economy entered recession in second half of 2023

Economic Times

Economic Times · 1y ago

UK economy entered recession in second half of 2023

According to the Economic Times, the UK economy slipped into a recession during the latter half of 2023. This downturn is attributed to various factors such as supply chain disruptions, labor shortages, and global economic uncertainties. The recession poses significant challenges for policymakers as they seek to stabilize the economy and foster recovery amidst ongoing uncertainties.

Audio streaming platform Pocket FM elevates Anurag Sharma to CFO

Economic Times

Economic Times · 2y ago

Audio streaming platform Pocket FM elevates Anurag Sharma to CFO

Pocket FM has promoted Anurag Sharma to the position of Chief Financial Officer (CFO), as reported by The Economic Times. As the new CFO, Sharma will likely play a crucial role in overseeing the financial operations and strategies of the startup.

MeitY's SAMRIDH scheme has supported 175 startups, MoS Rajeev Chandrasekhar tells Lok Sabha

Economic Times

Economic Times · 2y ago

MeitY's SAMRIDH scheme has supported 175 startups, MoS Rajeev Chandrasekhar tells Lok Sabha

The "SAMRIDH" scheme by the Ministry of Electronics and Information Technology (MeitY) has provided support to 175 startups, as reported by The Economic Times. The scheme aims to nurture and uplift startups in India by offering various forms of assistance and guidance.

KKR appoints former CIA director and US army general as Middle East chairman

VCCircle

VCCircle · 3m ago

KKR appoints former CIA director and US army general as Middle East chairman

KKR has appointed retired US Army General and former CIA Director David Petraeus as chairman of its Middle East operations, enhancing its regional presence. Petraeus will use his extensive knowledge and relationships to bolster KKR's initiatives. Additionally, a new investment team led by Julian Barratt-Due will focus on opportunities in the Gulf Cooperation Council countries. These strategic moves signify KKR's commitment to the Middle East's growing economic landscape, marked by reforms and pro-investment policies.

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