Latest News on Corporate Actions

New Delhi, Jan 28 (PTI) Social media giant Meta on Friday said it has, under its #SheMeansBusiness programme, partnered with industry body FICCI to support five lakh women-led small businesses across India. The announcement was made during Meta's inaugural National Women Entrepreneurship Summit to encourage industry dialogue and steps to support the micro, small and [...]

New Delhi, Jan 28 (PTI) A joint venture of billionaire Gautam Adani-run group's gas arm and Total of France on Friday walked away with the most 14 licenses to retail CNG to automobiles and piped cooking gas to households in the latest city gas bidding round, according to oil regulator PNGRB. Adani Total Gas Ltd [...]

Chennai, Jan 28 (PTI) Healthcare entrepreneur and chairman of Trivitron Group of Companies G S K Velu was reappointed as the chairman of Tamil Nadu State Council, FICCI here on Friday. Indira Projects Group of Companies Chairman and Director Bhupesh Nagarajan was appointed as co-chairman, a press release from the Federation of Indian Chambers of [...]

Mumbai, Jan 28 (PTI) Global private equity major Blackstone, which has USD 20 billion worth realty assets under management in India, has launched a logistics platform Horizon Industrial Parks. Horizon Industrial Parks is a portfolio of logistics parks owned and managed by Blackstone Real Estate Fund and will support its rapidly expanding logistics footprint in [...]

New Delhi, Jan 28 (PTI) Power solutions provider PTC India on Friday said its board has directed its risk management committee to look into corporate governance issues at PTC India Financial Services (PFS), which was rocked by resignations of three independent directors earlier this month. The three independent directors -- Kamlesh Shivji Vikamsey, Santosh B [...]

Mumbai, Jan 28 (PTI) Commercial vehicles maker DICV on Friday announced the expansion of its footprint in the western region with the setting up of three new dealerships – one each in Pune, Nashik and Satara – in association with Autobahn Trucking. The move will enhance Daimler India Commercial Vehicle's (DICV) capability to service over [...]

Hyderabad, Jan 28 (PTI): Dr Reddy’s Laboratories on Friday said it is in discussions with the Indian drug regulator to bring Russia’s Sputnik M, a COVID-19 vaccine for the 12 to18-year-old category, to India. Addressing a press conference after announcing the company’s Q3 results, a senior executive of the drug maker said Phase 3 clinical [...]

New Delhi, Jan 28 (PTI) Ola on Friday said Ola Dash, its quick commerce service, aims to expand its dark store network to 500 dark stores spread across 20 cities in the next six months. The expansion of Ola Dash, available on the Ola app, will make it the largest dark store network in India, [...]

- Mirae Asset Global Investments is now 14th largest ETF provider in the world - Mirae Asset Investment Managers (India) Pvt. Ltd. ("Mirae Asset India") is planning to offer Global X ETF products MUMBAI, India, Jan. 28, 2022 /PRNewswire/ -- Mirae Asset Investment Managers (India) Pvt. Ltd., one of the fastest growing fund houses in [...]

The Top Employers Institute have officially reward Egis as a 2022 Top Employer in France and in India New Delhi, Delhi, India (NewsVoir) For over 25 years, Top Employers Institute is the global authority on recognising excellence in People Practices. Being certified as a Top Employer showcases an organisation’s dedication to a better world of [...]

Mumbai, Jan 28 (PTI) New-age content platform Social Swag, which is a collective brainchild of Akshay Kumar, Rana Daggubati Collective Artists and Mahesh Bhupathi, on Friday said it has raised USD 3.5 million in a pre-Series-A funding round. The round has been led by IMEF and Unicorn India Ventures, which has made its maiden announcement [...]

New Delhi, Jan 28 (PTI) Industrial B2B e-commerce platform Moglix on Friday said it has raised USD 250 million (about Rs 1,876.5 crore) led by Tiger Global and Alpha Wave Global with Hong Kong-based Ward Ferry coming onboard as a new investor.The series F funding round valued the company at USD 2.6 billion, a statement [...]

New Delhi, Jan 28 (PTI) Hindustan Petroleum Corporation Ltd (HPCL) will set up its own chain of multi-channel retail stores at its petrol pumps as the nation's third-largest fuel retailer looks to give a push to non-fuel retailing. As part of this, HPCL has opened two more convenio stores under the brand name 'HaPpyShop', the [...]

Hyderabad, Jan. 28 (PTI): Bharat Biotech has received approval from the Drug Controller General of India to conduct phase-3 trials for its COVID-19 intra-nasal vaccine (BBV154), sources in the company said on Friday. The trials would evaluate the nasal vaccine for both the two-dose primary schedule and also to use as booster dose schedule, they [...]

New Delhi, Jan 28 (PTI) Capital markets regulator Sebi will auction properties of Ramel Industries for a total reserve price of Rs 19 crore on February 24 in order to recover money raised by the company from public through illicit schemes. The properties to go under the hammer include land parcels, agricultural land, office premises and [...]

New Delhi, Jan 28 (PTI) The Piramal Group on Friday said it is planning to move the Supreme Court to appeal against an order by insolvency appellate tribunal NCLAT, which sent back its winning bid for DHFL to the debt-laden finance company's lenders for reconsidering the valuation. Piramal Capital & Housing Finance Ltd in a [...]

New Delhi, Jan 28 (PTI) Kia India on Friday said it has appointed MyungSik Sohn as Chief Sales Officer with immediate effect. In his new role, Sohn will oversee the planning and execution of sales strategies aimed at driving the automaker's growth. He will also collaborate with Kia India's current leadership to expand the brand's [...]

GURGAON, India and SAN FRANCISCO, Jan. 28, 2022 /PRNewswire/ -- Engineering Analytics platform, Hatica has emerged from stealth with a $900,000 pre-seed funding, led by Kae Capital and followed by Titan Capital, iSeed Ventures, and angel investor GBS Bindra (CEO of Charmboard). Hatica was founded by former Uber engineers Naomi Chopra and Haritabh Singh, who [...]

New Delhi, Jan 28 (PTI) Glenmark Pharmaceuticals on Friday said its US-based unit has received approval from the US health regulator to market Metronidazole Vaginal gel, in the American market. The drug firm has received final approval by the United States Food & Drug Administration (USFDA) for its product which is a generic version of [...]

Chennai, Tamil Nadu, India (NewsVoir) TVS Motor Company today announced the successful acquisition of a 75% stake in the Swiss E-Mobility Group (SEMG). The acquisition reaffirms TVS Motor Company’s commitment to expansion in Europe through a portfolio of premium and technology leading brands, including Norton Motorcycles and EGO Movement, which were recently acquired. SEMG is [...]

Washington, Jan 28 (PTI) US-India Business Council, a top American corporate body, has congratulated the Tata group for regaining the management and control of Air India airlines and commended Prime Minister Narendra Modi government for its asset monetisation programme.The Tata Group on Thursday regained control of Air India, 69 years after the Mumbai-based conglomerate relinquished [...]

New Delhi, Jan 27 (PTI) Telecom operators will have to provide recharge plans with a validity of 30 days for pre-paid customers, regulator Trai said on Thursday. The move is expected to reduce the number of recharges done by a customer during a year. At present, telecom operators provide recharge plans with a validity of [...]

Mumbai, Jan 27 (PTI) Fintech company Kissht on Thursday said it has raised Rs 100 crore in a funding round led by Trifecta Capital and Northern Arc. In the current round, Trifecta and Nothern Arc have each subscribed to Rs 50 crore of non-convertible debentures (NCDs), according to a statement. The company has so far [...]

New Delhi, Jan 27 (PTI) Capital markets regulator Sebi on Thursday said Special Situation Funds (SSFs) will invest only in stressed assets and have a minimum corpus of Rs 100 crore.        The new framework will come into force with immediate effect, the Securities and Exchange Board of India (Sebi) said in a [...]

New Delhi, Jan 27 (PTI) ReNew Power on Thursday said it has sold 138 megawatts peak (MWp) of its distributed rooftop solar portfolio for Rs 672 crore to Fourth Partner Energy. "ReNew Power, India's leading renewable energy company, today (Thursday) announced that it has sold 138 MWp of its distributed rooftop solar portfolio to Fourth [...]

Ahmedabad, Jan 27 (PTI) The Gujarat government on Thursday said ArcelorMittal Nippon Steel India (AMNS India), which owns a steel mill at Hazira in Surat, will invest Rs 1,66,000 crore in six different projects in the state. A memorandum of understanding (MoU) for this proposed investment was signed by Additional Chief Secretary (Industries and Mines) [...]

Mumbai, Jan 27 (PTI) Unity Small Finance Bank, which has taken over the failed cooperative lender PMC Bank, on Thursday said all small depositors with under Rs 5 lakh of deposits -- who form 96 per cent of the customer base -- can take their entire money out now or keep it in the new [...]

New Delhi, Jan 27 (PTI) With debt-ridden Future Group diluting its stake in its life and non-life insurance ventures, foreign partner Generali is set to raise its stake to up to 74 per cent. Last year, the government amended the Insurance Amendment Bill, 2021 to increase the foreign direct investment (FDI) limit in the insurance [...]

New Delhi, Jan 27 (PTI) Agritech start-up MoooFarm, which offers technical solutions for dairy farmers, on Thursday said it has raised USD 2.4 million from investors including Accel India, to expand and grow its business. The seed round funding was led by Accel India with participation from Rockstart's AgriFood fund and Navus Ventures. "This investment [...]

New Delhi, Jan 27 (PTI) The corporate funding at the global level for battery storage, smart grid and energy efficiency sectors saw over a two-fold jump to USD 19.5 billion in 2021, according to a report. Corporate funding includes venture capital (VC) funding, public market and debt financing, global research firm Mercom Capital Group said [...]

New Delhi, Jan 27 (PTI) Apollo Tyres on Thursday said it has kicked off a pilot initiative by deploying electric vehicles (EVs) for the delivery of tyres from its regional distribution centre (RDC) to multiple business partners in Bengaluru. This initiative will not only address the concern of growing environmental pollution, but will also help [...]

New Delhi, Jan 27 (PTI) Electric vehicle charging service provider EVRE on Thursday said it plans to have around 1,000 tech-enabled EV charging hubs by the end of 2023. With the dedicated focus towards serving EV fleets uniformly across the country, the company is looking at multifold growth in the charging hubs to satiate the [...]

New Delhi, Jan 27 (PTI) Google on Thursday announced the launch of an India-first feature on Google Maps where users can access their current location to find the 'plus codes' address for their home. Plus codes are free, open-sourced, digital addresses that provide accurate addresses for locations, including for places that don't have accurate formal [...]

New Delhi, Jan 27 (PTI) Agritech startup Our Food has raised USD 6 million (around Rs 45 crore) from investors for growth of its business.Our Food is a technology-driven agribusiness platform that seeks to decentralize the food processing industry with an innovative farmer adoption and engagement supply-chain platform across the country. The company is based [...]

Mumbai, Jan 27 (PTI) EvGateway, a California-based turnkey EV infrastructure solutions provider, on Thursday announced the launch of its operations in India. In India, the company said, it will provide innovation in the domestic EV marketplace and help advance adoption, by offering easy-to-use solutions for drivers and charger owners alike. EvGateway will deliver advanced controls [...]

New Delhi, Jan 27 (PTI) Agritech start-up FAARMS has partnered with Reliance General Insurance Company Ltd to provide health and cattle insurance for the rural population, including farmers, through its mobile application. FAARMS is an e-commerce platform for farmers for all farming-related inputs from seeds, agrochemicals, machinery and animal feed in India. The company has [...]

Mumbai, Jan 27 (PTI) Fintech company Alphaniti on Thursday announced a partnership with IIFL Securities to allow investors to invest and trade in stock offerings. Alphaniti aims to redefine the experience of direct investments by offering high-quality products at affordable costs by leveraging on big data, deep domain expertise and technology for both India and [...]

New Delhi, Jan 27 (PTI) Construction firm Patel Engineering is implementing hydroelectric power projects (HEP) worth around Rs 6,000 crore in four states, a top company official has said. The company is also implementing a railway tunnel project in West Bengal, Patel Engineering CFO Kavita Shirvaikar told PTI in a telephonic interaction. The Mumbai-based engineering, [...]

New Delhi, Jan 27 (PTI) Ola Electric on Thursday said it will invest over USD 100 million (about Rs 750 crore) over the next five years and set up a global centre for advanced engineering and vehicle design in the UK.This centre - called the Ola Futurefoundry - will be based in Coventry, UK, and [...]

New Delhi, Jan 27 (PTI) Hindustan Zinc CEO Arun Misra has been elected as the acting chairman of the International Zinc Association (IZA). Misra is the first Indian and Asian to hold this position, according to a statement. "It is a privilege for me to take on the role of IZA Chair and continue the [...]

Mumbai, Jan 27 (PTI) Electric vehicle maker Simple Energy has teamed up with global technology leader Siemens to drive digital transformation in EV space, a release said on Thursday.The Bengaluru-based EV maker said it has also roped in Siemens' technology partner Prolim to share its technologies to strengthen India's bid to become the EV capital [...]

New Delhi, Jan 27 (PTI) India Mortgage Guarantee Corporation (IMGC) on Thursday announced its partnership with Muthoot Homefin (India) Limited (MHIL) to offer mortgage guarantee backed home loan products to customers in the affordable housing segment.A mortgage guarantee will enable MHIL to sanction higher loan amount (LTV ratio) to the customers at lower rates of [...]

New Delhi, Jan 27 (PTI) Agritech startup Aqgromalin has raised USD 5.25 million (about Rs 39.5 crore) from investors including Sequoia Capital India's - Surge and Venture funds, Omnivore Partners India and Zephyr Peacock India, to expand operations.The Chennai-based Aqgromalin is building a full stack AgTech platform that helps farmers diversify into animal husbandry and [...]

Mumbai, Jan 27 (PTI) Advanced EV battery technology startup Log9 Materials on Thursday announced the launch of a battery replacement and retro-fitment model in partnership with garage network platform SpareIt.The collaboration with SpareIt is aimed at addressing various battery-related issues, such as prolonged downtimes and a lot of dead inventory, Log9 Materials said in a [...]

New Delhi, Jan 27 (PTI) Sun Pharmaceutical Industries on Thursday said its subsidiary has launched Cequa, a new treatment for dry eye disease, in Canada.Sun Pharma Canada Inc, a wholly-owned subsidiary of the Mumbai-based drug major, has introduced Cequa (cyclosporine ophthalmic solution 0.09 per cent w/v), a calcineurin inhibitor immunomodulator.The product is the first dry [...]

New Delhi, Jan 27 (PTI) Larsen and Toubro Infotech (LTI) on Thursday said it has partnered with IIT Madras for collaborative research in the field of 5G.Through this collaboration, LTI and IIT Madras aim to innovate in the emerging 5G space and enable 5G frameworks validation, low-frequency RF deployments and use case testing with 5G [...]

New Delhi, Jan 27 (PTI) JB Chemicals and Pharmaceuticals Ltd on Thursday said it will acquire brands for the Indian market from Sanzyme Pvt Ltd, a player in the probiotics and reproductive health segment, for Rs 628 crore.The brands to be acquired include those in the probiotics portfolio and reproductive health segment of Sanzyme, the [...]

New Delhi, Jan 27 (PTI) The government has notified the agreement between Air India and special purpose vehicle AIAHL for the transfer of non-core assets, ahead of the national airline's takeover by the Tata Group. The government had in October last year, inked the share purchase agreement with the Tata Group for the sale of [...]

NEW YORK, Jan. 25, 2022 /PRNewswire/ -- Radancy, the global talent technology leader, is pleased to announce its plans to acquire Firstbird, a global leader in SaaS based employee referral programs. Based in Vienna, Austria, Firstbird offers a comprehensive software solution to digitize and streamline the employee referral process. The acquisition of Firstbird is expected [...]

Mumbai, Jan 27 (PTI) Community-led live learning platform Growth School has roped in US-based private equity major Sequoia Capital India and edutech-focused investment firm Owl Ventures, who led a USD 5-million funding round along with over 70 angel investors. The leading angels who participated in the seed funding round include entrepreneurs such as Kunal Shah [...]

New Delhi, Jan 27 (PTI) Space technology startup Skyroot Aerospace has raised USD 4.5 million (about Rs 34 crore) in a bridge round to Series B funding led by Google's founding board member Ram Shriram’s Sherpalo Ventures, the company said on Thursday.The round also witnessed participation by Wami Capital, existing investors - former Whatsapp chief [...]

New Delhi, Jan 27 (PTI) Glenmark Pharmaceuticals Ltd on Thursday said its US subsidiary has received final approval from the country's health regulator for its generic Bisoprolol Fumarate and Hydrochlorothiazide tablets used to treat high blood pressure.The approval granted to Glenmark Pharmaceuticals Inc, USA by the United States Food & Drug Administration (USFDA) is for [...]

New Delhi, Jan 27 (PTI) Debt-ridden Future Group has announced that it will sell its 25 per cent equity in Future Generali India Insurance Company Limited (FGIICL) to its JV partner Generali for a cash consideration of Rs 1,252.96 crore as part of its asset monetisation plans to pair debts.Besides, Generali has also acquired an [...]

Mumbai, Jan 26 (PTI) Kinetic Green Energy & Power Solutions, which has partnered with Chinese EV major Aima Technology Group to co-design and develop electric two-wheelers for the Indian market, plans to invest around Rs 80-100 crore on the project, which entails three new models this year itself, its founder-CEO Sulajja Firodia Motwani has said. [...]

New Delhi, Jan 26 (PTI) Metals and mining group Vedanta Ltd will announce the contours of a proposal to spin off key businesses into separate listed companies by March-end, its chairman Anil Agarwal said, as he looks to simplify and streamline the corporate structure to create value. While the zinc business is already housed in [...]

New Delhi, Jan 26 (PTI) The Indian Biogas Association (IBA) has urged the government to set up a 'Biogas Fertiliser Fund' with an initial provision of Rs 1.4 lakh crore for five years, as it has the potential to benefit five crore farmers and to reduce fossil fuel import bill. For materializing the envisaged target [...]

New Delhi, Jan 25 (PTI) Crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank's takeover by the Unity Small Finance Bank (USFBL) came into effect on Tuesday, with the government notifying the scheme of amalgamation. PMC Bank branches will operate as USFBL branches from Tuesday onwards, the Reserve Bank of India (RBI) said in a statement on [...]

New Delhi, Jan 25 (PTI) Top brass of Mahindra & Mahindra Ltd on Tuesday promised urgent remedial action a day after it emerged that a farmer, who came to buy a pick-up truck of the company, was allegedly insulted by a sales staff at a showroom in Karnataka. A video of the incident that took [...]

New Delhi, Jan 25 (PTI) Telecom operator Bharti Airtel is looking to onboard a strategic investor through allocation of preferential equity shares, which is scheduled to be discussed at its board meeting on January 28, according to sources. A source, who did not wish to be named, said the primary goal of the preferential share [...]

Mumbai, Jan 25 (PTI) McLaren Strategic Ventures (MSV), a startup focused-investment firm founded by Sajan Pillai, has launched a semiconductor design vertical Atlas Silicon in the country with planned investment of around Rs 100 crore. It plans to start hiring 100 engineers by March. The California-based McLaren Strategic Ventures is a business acceleration initiative launched [...]

New Delhi, Jan 25 (PTI) Bharat Petroleum Corporation Ltd (BPCL) on Tuesday said it will invest Rs 10,000 crore over the next five years in setting up city gas distribution networks in the cities for which it secured licences in the latest bidding round. BPCL won licences to retail CNG to automobiles and piped natural [...]

Mumbai, Jan 25 (PTI) Raise Financial Services, a city-based fintech which lends to long-term investors and super traders, on Tuesday announced a USD 22 million (about Rs 164.4 crore) fundraise led by BEENEXT and Mirae Asset Venture Investments.The startup will deploy the newly raised funds into its November 2021-launched investment platform Dhan, to strengthen the [...]

New Delhi, Jan 25 (PTI) Tech company Smartron on Tuesday said it has signed an agreement with Global Emerging Markets Group (GEM), wherein the alternative investment organisation will provide a share subscription facility of up to USD 200 million (about Rs 1,495.8 crore).Smartron has developed and introduced a range of smart and intelligent products powered [...]

New Delhi, Jan 25 (PTI) Independent directors of Future Retail Ltd (FRL) have turned down Amazon's offer of financial support to the company through a deal with private equity firm Samara Capital, saying the offer is "plainly an attempt to buy the FRL assets on the cheap". FRL's independent directors had last week asked Amazon [...]

New Delhi, Jan 25 (PTI) Kishore Biyani-led Future Retail Ltd (FRL) on Tuesday moved the Supreme Court requesting it to pass a direction to restrain its lenders from declaring the company as a non-performing asset (NPA) in case of a default of Rs 3,494.56 crore. Earlier this month, Future Retail had said it had missed [...]

Bhopal, Jan 25 (PTI) Amid a row, the Madhya Pradesh government has directed the police to register an FIR against officials of e-commerce giant Amazon and its owner for allegedly selling products, including shoes, with the image of the Indian national flag, Home Minister Narottam Mishra said on Tuesday. Amazon faced the ire of a [...]

New Delhi, Jan 25 (PTI) Mobile app builder firm Vajro on Tuesday said it has raised USD 8.5 million (around Rs 63.52 crore) in a funding round from Kansas City-based growth equity firm Five Elms Capital. Vajro enables ecommerce store owners and service providers to create mobile shopping apps for Android and iOS users in [...]

MUMBAI, India, Jan. 25, 2022 /PRNewswire/ -- Back in November 2021, the occasion of Hon. Prime Minister Shri Narendra Modi handing over ideaForge's High Altitude SWITCH UAV to the Indian Army marked the on-time execution of the first high-value drone contract received by an Indian firm. ideaForge received the $20 Million contract after clearing tough [...]

Hyderabad, Jan 25 (PTI): Darwinbox, a city-headquartered enterprise HR Tech Company on Tuesday said it raised USD 72 million from investors and the company’s valuation post this round will cross the USD one billion thus becoming the first unicorn from the city. The investment round was led by Technology Crossover Ventures (TCV) along with participation [...]

New Delhi, Jan 24 (PTI) Future Retail Ltd, which operates chains such as big bazaar and Easyday and Heritage among others, on Monday said it has missed payment of interest due on the dollar denominated notes (USD Notes), listed on Singapore Stock Exchange, due to weakening of its liquidity position. The Kishore Biyani-led Future Group [...]

New Delhi, Jan 24 (PTI) Independent directors of Future Retail have turned down Amazon's offer of financial support to the company through a deal with private equity firm Samara Capital, saying any legally invalid offer cannot be accepted. Future Retail's independent directors had last week asked Amazon if it was willing to give a long-term [...]

Mumbai, Jan 24 (PTI) Dental care startup Smiles.ai has raised USD 23 million (around Rs 172 crore) in Series A funding led by Alpha Wave Incubation that is managed by Falcon Edge Capital, and with strong participation from existing investors Sequoia Capital India and Chiratae Ventures. The Bengaluru-based startup said the other investors in the [...]

Mumbai, Maharashtra, India (NewsVoir) FMCG contract and private label brand manufacturer, Hindustan Foods Limited (“HFL”) today signed a Share Purchase Agreement with Reckitt Benckiser India Pvt. Ltd. to acquire the entire issued Share Capital of Reckitt Benckiser Scholl India Private Limited (RBSIPL). This marks HFL’s entry into fast growing OTC Healthcare and Wellness segment as [...]

New Delhi, Jan 24 (PTI) Muruguppa group firm Tube Investments of India Ltd (TII) on Monday said it will acquire 70 per cent stake in start-up Cellestial E-Mobility Pvt Ltd for Rs 161 crore. Cellestial E-Mobility is engaged in the design and manufacture of electric tractors, aviation ground support electric equipment and other electric machinery. [...]

New Delhi, Jan 24 (PTI) Bengaluru-based startup ReadyAssist on Monday said it plans to invest USD 8 million (around Rs 60 crore)  in one year to augment electric vehicles infrastructure in the country. As part of the initiative, the company plans to set up phygital stores (physical stores augmented by digital capabilities) under brand name [...]

Delhi, Jan 24 (PTI) Around 18 GW hydro capacity addition is required to meet the hydro purchase obligation (HPO) norms by 2030 in the country, according to rating agency Icra. To further the growth of hydro energy segment, the Centre has outlined policy measures over the last two-year period to promote the investments in the [...]

New Delhi, Jan 24 (PTI) The Supreme Court Monday asked the Delhi Metro Rail Corporation (DMRC) and the Reliance Infrastructure's subsidiary, Delhi Airport Metro Express Pvt Ltd (DAMEPL) to appear before the Delhi High Court on January 31 and request it to hear the dispute relating to execution of the over Rs 4,600 crore arbitral [...]

New Delhi, Jan 24 (PTI) Global engineering and product development digital services firm Tata Technologies on Monday said it will hire over 3,000 innovators over the next 12 months under its expanded talent acquisition programme.The company plans to ramp up its workforce in all major markets globally and India, which includes Maharashtra, Karnataka, Tamil Nadu, [...]

SINGAPORE, Jan. 24, 2022 /PRNewswire/ -- Azentio Software ("Azentio"), a global information technology company, is pleased to announce the appointment of Aliza Knox as a Non-Executive Director to the Board. Aliza brings to Azentio a wealth of knowledge and expertise with over three decades of broad international marketing and management experience. She is most recognized [...]

New Delhi, Jan 23 (PTI) Good Glamm Group, a content-to-commerce conglomerate, on Sunday said it has acquired a majority stake in beauty and personal care brand Organic Harvest, for an undisclosed amount. Good Glamm will invest an additional Rs 75 crore in growing the brand. The transaction marks the foray of Good Glamm Group in [...]

New Delhi, Jan 23 (PTI) Vedanta Resources Ltd's plan to set up a USD 10 billion fund to acquire state-owned firms has attracted interest from sovereign wealth funds and the corpus will be floated once the government invites price for firms such as BPCL or Shipping Corporation of India (SCI), its chairman said. Metals and [...]

New Delhi, Jan 23 (PTI) HDFC Capital, a wholly-owned subsidiary of HDFC Ltd, has achieved the initial close of its third fund of USD 1.88 billion (about Rs 13,500 cr) focused on affordable housing. HDFC Capital's target is to finance the development of one million affordable homes in India through a combination of innovative financing, [...]

New Delhi, Jan 23 (PTI) The National Company Law Appellate Tribunal (NCLAT) has asked the Kolkata bench of NCLT to decide over the plea of SREI Infrastructure Finance against the rights issue of its subsidiary Trinity Alternative Investment Managers. SREI Infrastructure Finance Ltd (SIFL), which owns 51 per cent equity in the fund management firm [...]

New Delhi, Jan 22 (PTI) Power solution provider PTC India arm PTC India Financial Services (PFS) board could not hold its scheduled board meeting on Saturday in the absence of all independent directors, a source said. On Wednesday, the three independent directors -- Kamlesh Shivji Vikamsey, Santosh B Nayar and Thomas Mathew -- resigned enmasse [...]

New Delhi, Jan 21 (PTI) In a significant development, PTC India on Friday said one of its independent directors Rakesh Kacker has put in his papers, two days after three independent directors of the company's subsidiary PFS resigned over alleged corporate governance issues. Kacker -- who had served as an independent director on the board [...]

New Delhi, Jan 21 (PTI) Competition Commission of India (CCI) has cleared the proposed acquisition of consumer healthcare company GlaxoSmithKline Asia Pvt Ltd by two other GlaxoSmithKline group entities. GlaxoSmithKline Asia Pvt Ltd is into marketing and distribution of oral healthcare products under various brand names such as Sensodyne, Parodontax, Polident and over-the-counter medicines products [...]