New Delhi, Jan 18 (PTI) Gaming and sports media company Nazara Technologies on Tuesday said it will acquire a 55 per cent stake in programmatic advertising and monetisation company Datawrkz for about Rs 124 crore. The transaction values the Bengaluru-based company at Rs 225 crore (approximately USD 30 million), linked to CY 22 EBITDA performance, [...]
New Delhi, Jan 17 (PTI) HCL Technologies CEO Vijayakumar on Monday said he expects the rising attrition rates to stabilise in the future quarters as he exuded confidence in the steps being taken by the IT major, including ramping up fresher hiring, to arrest the spike. The company, which expects its fresher hiring to be [...]
Bengaluru, Jan 17 (PTI) Exide Life has announced the appointment of Sanjay Vij as the Executive Director and Principal Officer with effect from January 10. On January one, 2022, HDFC Life Insurance Company Limited announced the completion of the acquisition of Exide Life Insurance Company Limited, subsequent to receiving all relevant regulatory approvals, an Exide [...]
New Delhi, Jan 17 (PTI) Cholamandalam Investment and Finance Company on Monday said it plans to acquire 72.12 per cent stake in fintech payment solutions provider Payswiff Technologies Private Ltd for Rs 450 crore. The company, an NBFC, is part of the Murugappa Group. Cholamandalam Investment has signed a shareholders' agreement and a Share Purchase [...]
New Delhi, Jan 17 (PTI) Paytm Payments Bank on Monday said it issued over 4.5 lakh FASTags in December 2021, registering 11.33 per cent rise as compared to the previous month. Paytm Payments Bank Ltd (PPBL) claims to have led the market in the FASTag segment with 28.2 per cent market share. The firm said [...]
New Delhi, Jan 17 (PTI) Strides Pharma Science Ltd on Monday said its Singapore-based arm has received approval from the US health regulator for its generic version of oseltamivir phosphate for oral suspension, used for treating illness due to influenza. The approval granted by the US Food & Drug Administration (USFDA) to Strides Pharma Global [...]
New Delhi, Jan 17 (PTI) IT company Tech Mahindra on Monday announced the acquisition of 100 per cent stake in Europe-based Com Tec Co IT (CTC) and 25 per cent stake in two insurtech platforms for a total of EUR 330 million (about Rs 2,800 crore). The company said the acquisitions will strengthen its digital [...]
New Delhi, Jan 17 (PTI) Flipkart Wholesale, the B2B arm of the Flipkart Group, on Monday said it will reorganise its business operations, wherein a section of its employees will transition to Flipkart into new roles and responsibilities at the group level. As part of the reorganisation, all employees of Flipkart Wholesale – other than [...]
New Delhi, Jan 17 (PTI) State-owned SJVN Ltd on Monday said its 1,320-MW Buxar Thermal Power Plant has entered the advanced construction phase. "SJVN's 1,320-MW Buxar Thermal Power Project in Bihar achieved another milestone today (on Monday) with Jacking up of ceiling girder (1,400 tonnes) for first boiler unit," SJVN said in a statement. The [...]
New Delhi, Jan 17 (PTI) Founder and Managing Director of Texport Industries Narendra Kumar Goenka on Monday took over as the Chairman of the Apparel Export Promotion Council (AEPC) and expressed hope that the sector's outbound shipments would record healthy growth in the coming months. He has replaced A Sakthivel. Goenka said the sector is [...]
