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Orient Cement, a CK Birla Group firm and one of the fastest growing and leading cement manufacturers in India, said it would acquire 26 per cent stake in AMPSolar Systems for Rs 4.5 crore. AMPSolar Systems was incorporated on May 17, 2020 and is a step-down subsidiary of AMP Energy India Pvt Ltd. AMPSolar Systems…
Amit Pradhan, Vodafone Idea’s Chief Technology & Security Officer (CTSO) and Chief Privacy Officer, has resigned from the roles after a stint of over five years, according to ET report. Pradhan will join as Director in US-based Mandiant Consulting, a cyber investigation and forensics firm . Pradhan said that he left Vodafone Idea last week…
FelixHealthcare.AI, a company that offers Artificial Intelligence Healthcare engine that incorporates machine learning and deep learning technologies to help healthcare organizations, has announced the appointment of Gourav Thakkar as Director of Data Science and Engineering. In this new role, Gourav will enhance the capabilities of the technology platform, scale the engineering team, and drive innovation…
Makers Fund, a global venture capital fund specializing in interactive entertainment, has announced a $4 million seed round for mod.io, a cross-platform UGC and modding service platform. The funding round was co-led by Sequoia Capital India’s Surge, with participation from Play Ventures, GameTech Ventures, and Machinefloor. The company will utilise the current funding to simplify…
Deloitte, a provider of industry-leading audit, consulting, tax and advisory services, has agreed to acquire HashedIn Technologies Private Limited, a high-end product development and software engineering firm. This acquisition continues Deloitte’s longstanding and strategic investment in scaling core engineering capabilities to augment its deep business domain knowledge, Deloitte said in its press release. The combination…
Santander Consumer USA Holdings Inc., a full-service consumer finance company, has named Ramamurthy Lakshmana “RL” Prasad as Chief Risk Officer, effective from January 1, 2021. He will succeed Joshua Baer, who will serve as Head of Pricing and Strategy. Both Prasad and Baer will continue to serve on the SC leadership team and report directly…
Infinite Uptime India Pvt. Ltd, an Internet of Things (IoT) startup that harnesses the power of big data & predictive analytics for data-driven decision making, has raised $5.15 million in Series B funding round led by Ventureast. New investor THK, a Japanese company that develops and manufactures mechanical components, Ventureast said in a statement. Existing…
Bank of India has amongst other parties entered into a Share Purchase Agreement (SPA) with AXA investment Managers Asia Holdings (AXA IM) on 2 December 2020, whereby Bank of India has agreed to purchase AXA IM’s (a) entire 49% equity shares in BOI AXA Investment Managers (BAIM); and (b) entire 49% equity shares in BOI…
LafargeHolcim, a global leader in building solutions, has announced its CHF 100m ($111.89 million) investment in India in waste heat recovery systems to accelerate its net zero journey. This investment across six sites will be completed in the next two years, doubling LafargeHolcim’s waste heat recovery systems, which use thermal heat to produce decarbonized electricity,…
Google announced that it has entered into a definitive agreement to acquire Actifio, a leader in backup and disaster recovery (DR)—offering customers the opportunity to protect virtual copies of data in their native format, manage these copies throughout their entire lifecycle, and use these copies for scenarios like development and test. With this acquisition, Google…
LambdaTest, a cloud-based browser testing platform that allows users to seamlessly test public or locally hosted web apps across 2000+ different browsers, OS, resolutions, and devices, announced it has raised $6 million in funding led by Sequoia Capital India’s Surge, a rapid scale-up programme for startups in Southeast Asia and India. Other investors that took…
Vodafone Business and RingCentral, Inc., a leading provider of global enterprise cloud communications, collaboration and contact center solutions, announced a strategic partnership that seeks to transform business communications and collaboration. Together the companies will create a new co-branded, cloud-based service that will be the lead Unified Communications as a Service (UCaaS) solution for Vodafone Business,…
Fermenta Biotech announced that Fermenta Biotech USA, LLC, a wholly owned subsidiary of the Company, has acquired a 52% membership interest in AGD Nutrition, LLC. AGD Nutrition LLC is in the similar line of business as that of the Company and Fermenta Biotech USA, LLC, the exchange filing said. “The main purpose of acquisition is…
Iron Pillar, a venture growth investor backing companies built from India, has announced a $4M investment in CoreStack, the leading cloud governance and compliance SaaS startup based in Seattle with development in Chennai. Iron Pillar Fund II is targeting growth stage cloud software companies. Earlier in March, CoreStack had raised $8.5 million Series A funding…
Fisdom, an automated investment service provider that manages a personalized online investment account, has raised $7 million in new funding led by PayU. Existing investors Sama Capital and Quona Capital also participated in this funding round, the company said. Founded in 2015 by Anand Dalmia, Ramganesh Iyer, Subramanya S.V. and Subramanya Venkat, Fisdom is a…