Mumbai, Feb 14 (PTI) Zomato-backed e-commerce shipping platform Shiprocket on Monday announced its third buyout this year with the acquisition of a majority stake in Glaucus Supply Chain Solutions. Following the acquisition, the two platforms will combine their strengths to take the complexity out of fulfilment challenges faced by traders, retailers and brands, Shiprocket said. [...]
Mumbai, Feb 14 (PTI) Debt marketplace Credavenue on Monday announced that it has acquired a 75.1 per cent stake in Spocto Solutions, a digital collection organization, for Rs 400 crore.A company spokesperson said the Chennai-based Credavenue has paid Rs 400 crore for gaining majority control of the five-year old Spocto.Post-deal, the statement from Credavenue said [...]
New Delhi, Feb 14 (PTI) Health and wellness platform Cult.fit on Monday said it has picked up a majority stake in F2 Fun & Fitness India Pvt Ltd for an undisclosed sum, and subsequently becoming the master franchise partner for Gold's Gym in India. Currently, F2 Fun & Fitness India is the master franchise partner [...]
New Delhi, Feb 14 (PTI) Max Ventures & Industries Ltd (MaxVIL) has completed its Rs 628-crore deal to sell the entire 51 per cent stake in the speciality packaging film business and will now focus only on real estate venture. In November, MaxVIL had announced about exiting specialty packaging film business by selling its entire [...]
Mumbai, Feb 14 (PTI) Capital Foods on Monday announced the appointment of S Raghunandan as the chief executive officer, with effect from February 7. Prior to this, Raghunandan served as the chief executive officer and director of Jyothy Laboratories, Capital Foods said in a statement. He had also been in leadership roles with leading Indian [...]
New Delhi, Feb 14 (PTI) Homegrown FMCG major and Ayurveda products maker Dabur on Monday said it has become a 100 per cent 'Plastic Waste Neutral company' in India and claimed to be the first Indian consumer goods company to achieve this landmark. Dabur has collected, processed and recycled around 27,000 MT of post-consumer plastic [...]
New Delhi, Feb 14 (PTI) JSW One MSME, a platform offering an e-commerce marketplace for small and medium-size manufacturers and contractors, on Monday launched one-stop seller connect app that allows sellers to catalogue and sell industrial products on the platform. Sellers can create catalogues, set prices, manage orders and resolve customer queries using the seller [...]
Mumbai, Feb 14 (PTI) Global private equity major Blackstone on Monday announced that it has acquired a majority stake in ASK Investment Managers, a nearly three-decade old asset and wealth management company managing over USD 10.6 billion in assets. The US-based private equity fund has acquired the majority stake from its peer Advent International and [...]
Digital services company Jio Platforms on Monday announced a joint venture with Luxembourg-based SES to provide satellite-based broadband services in India, a joint statement said. The two companies have formed a joint venture, Jio Space Technology Limited, in which Jio Platforms (JPL) and SES will own 51 per cent and 49 per cent equity stake [...]
Mumbai, Feb 14 (PTI) Force Motors has supplied 49 Gurkha SUVs to the Kerala police for border patrolling and other related activities, the Pune-based automaker said on Monday. The vehicles were inducted in the state police department's fleet on February 11, it said. Force Motors bagged the order for the supply of the all-new Gurkha [...]
