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Hindalco Industries Limited, the Aditya Birla Group metals flagship, announced plans to set up a 34,000-tonne extrusion plant at Silvassa. The new plant will service the fast-growing market for extruded aluminium products in the western and southern regions, according to the statement. The ₹730-crore project in Silvassa signals a big step forward in Hindalco’s downstream…
Tata Consumer Products, a F&B focused consumer products company, has decided to divest its MAP Out of Home coffee business in Australia to Buccheri Group Pty Ltd, a Boutique Coffee manufacturer established in Australia in 2007, and led by Santo Buccheri and his family. This divestment does not impact Tata Consumer Products’ existing branded tea…
Bombay Play, a social gaming startup, has raised $1 million seed funding led by Lumikai, the first gaming and interactive media venture fund based out of India, according to YourStory report. Earlier, the startup had raised funds from Playco and Leo Capital. The startup will utilise the current financing to accelerate product development on multiple…
Purple Style Labs Pvt Ltd (PSL), a luxury fashion house bringing together India’s top designers under one platform, has acquired Wendell Rodricks, a Goa-based fashion brand. Financial details of the funding remain undisclosed. Commenting on the development, PSL founder Abhishek Agarwal, said, “We are honoured to have been given the task to carry on the…
Rivigo, a technology company that is building the material movement pipeline of India and making logistics human, faster, safer and cost-effective, has raised Rs 140 crore from Warburg Pincus’ affiliate Spring Canter Investment Ltd (SCIL), according to Entrackr report. SCIL is a Mauritius-based investment holding company and its shareholders are certain private equity funds managed…
The Asian Development Bank (ADB) announced it has approved a combined sovereign and non sovereign loan of $190 million to modernize and upgrade the power distribution system in Bengaluru city in the state of Karnataka, India. The ADB assistance for the Bengaluru Smart Energy Efficient Power Distribution Project includes a $100 million sovereign loan and…
Johnson & Johnson announced that Dr. Nadja West, a retired U.S. Army lieutenant general and former U.S. Army Surgeon General has been appointed to its Board of Directors. Commenting on the appointment, Alex Gorsky, Chairman and Chief Executive Officer, Johnson & Johnson, said, “I am pleased to welcome Dr. Nadja West to Johnson & Johnson’s…
Service Express, a leading Third-Party Maintenance (TPM) provider, has announced the acquisition of Zensar Technologies’ third-party maintenance division. Zensar Technologies is a global IT services company based in India. As a result of the acquisition, Service Express will strengthen its international presence while providing Zensar’s maintenance customers with best-in-class data center support. Zensar provides its…
Reji Mathai has taken over as Director of the Automotive Research Association of India (ARAI) from Neelkanth V Marathe, officiating director, on December 2, 2020, ARAI said in a statement. The Appointments Committee of the Cabinet (ACC) had approved the appointment of Reji as Director of ARAI on September 3, 2020. Prior to this, Mathai…
Best Power Equipments India, an end-to-end strategic power solutions provider for critical applications, has announced the appointment of Satyabrata Sahoo as VP – sales & marketing for international market. Prior to this, Satyabrata Sahoo was the GM and Division In-charge at Mentis Corporation, Singapore. Prior to that, Satyabrata Sahoo was General Manager – Sales &…
DebugsBunny, the Edu-tech platform that teaches K-12 students coding and programming, announced that it has completed a Rs 1.4 cr angel funding led by India Angel Fund. The funding will be utilised to expand its reach as well as broaden and accelerate in Tier 2-3 cities and build a roadmap for the new markets. Commenting…
Media executive Uday Shankar has been named as the President-Elect of industry chamber FICCI for the year 2020-21, according to PTI report. Shankar to succeed Sangita Reddy, President, FICCI, and Joint Managing Director, Apollo Hospitals Group during FICCI’s 93rd Annual General Meeting (AGM) scheduled to be held on December 11,12 and 14, 2020. “Shankar is…
Mastercard announced the appointment of Craig Vosburg as Chief Product Officer and named Linda Kirkpatrick to succeed him as President, North America, with both positions effective from January 1, 2021. In his new role, Vosburg will lead a newly integrated products and engineering organization for the company. This includes all areas that are integral to…
MobiKwik, a Gurugram-based fintech company, has raised Rs 52 crore in funding, led by Hindustan Media Ventures, the investment arm of HT group, according to PTI report. The funding round also saw participation from Infosys co-Founder Kris Gopalakrishnan’s family office, Pratithi, a statement said. The fresh capital will be used for growth in all key…
Swipez, a Mumbai-based SaaS platform that provides a common platform for all types of merchants to manage their billing and collect payments, has secured an undisclosed amount of equity funding led by Anicut Angel Fund, according to VCCircle report. At Anicut Angel Fund, the round was led by Venkatesh Ramarathinam, chief executive officer of Vuram…