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Investment banker JM Financial announced the successful closure of its Qualified Institutions Placement. The Company said that it has issued and allotted 11 crore equity shares of the face value of Rs 1 each to qualified institutional buyers at an issue price of Rs.70.0 each, aggregating to Rs. 770 crore. “The committee of the board…
BORN Group, a digital agency for customer experience management and enterprise commerce solutions, announced that it has partnered with Akeneo, the global leader in PXM solutions for corporate brands and retailers. Focusing on the MENA, United States and APAC, the partnership leverages both Akeneo and BORN’s industry expertise in omnichannel commerce and enterprise digital transformation,…
ShareChat, a Bangalore-based social networking and regional content platform, is migrating its entire technology infrastructure to Google Cloud, the two companies said, according to an ETtech report. With this partnership, ShareChat will trim its expenses on backend technology infrastructure by 20% and improve the experience for its over 60 million users, which is largely in…
Wipro Limited, a global information technology, consulting and business process services company, announced the launch of its Digital Inspection Solution for improved workplace safety and experience. Powered by IBM’s integrated workplace management system (IWMS) IBM TRIRIGA , the solution complements Wipro’s existing EngineeringNXT portfolio in the digital transformation of business operations. The solution’s robust functionality…
Reliance Industries Limited and Jio Platforms Limited, India’s leading digital services platform, announced an investment of ₹ 1894.50 crore by L Catterton, one of the world’s largest consumer focused private equity firms. This investment values Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. …
Sanrio, the company behind the fictional character Hello Kitty recently announced that the company founder Shintaro Tsuji is retiring after a leadership career of six decades at the company. Shintaro is retiring from his position as President at the age of 92 and handing the reins to his grandson Tomokuni Tsuji who is currently the…
Mutual funds company UTI Asset Management recently announced the appointment of Imtaiyazur Rahman as the full-time Chief Executive Officer. He had been serving the company as the acting CEO of the company for about two years. The office of CEO was vacant since the completion of the five year tenure of Leo Puri as the…
Construction and earthmoving equipment manufacturer JCB India recently said that it has laid off about 400 permanent employees in order to align its workforce with the decline in demand due to the pandemic. As per a PTI report, the company said that the demand for its products dropped by a whopping 80% during May and…
IIFL, a leading financial services company in India, announced that it has launched an initiative to support fintech startups that are facing funding and growth challenges due to the COVID-19 pandemic. The initiative, named #IIFLDisrupt, will help fintech startups by providing funds, becoming their first client and giving access to mentors. “COVID-19 has disrupted the…
Toyota Motor North America (TMNA) announced executive changes to help guide the company’s vision towards becoming a mobility company. These changes are effective June 15, 2020. Cheryl Hughes, former Group Vice President and Chief HR officer, TMNA, has become group Vice President, business revolution and transformation. In this newly created role, Hughes will be responsible…
Khiron Life Sciences Corp, a vertically integrated cannabis leader with core operations in Latin America and Europe, announces the appointment of Chris Naprawa as Director and Chairman of the Board. In his new role as President, Chris will continue to guide the Company and the Board as Khiron continues its commercialization phase of its medical…
Acosta, a full-service sales and marketing agency in the consumer packaged goods (CPG) industry, announced the appointment of John Carroll as Chief Growth Officer, effective June 15, 2020. In his new role, Carroll will be responsible for identifying and harnessing opportunities to drive growth for Acosta’s current and prospective clients and customers. He will report…
Reliance Industries Limited and Jio Platforms Limited, India’s digital services platform, announced that global alternative asset firm TPG will invest ₹ 4,546.80 crore in Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. With this investment, Jio Platforms has raised ₹ 102,432.45 crore from…
JinkoSolar Holding Co. Ltd, a Shanghai-based global solar module manufacturer, announced that Ji Shao Guo has been appointed as Chief Human Resources Officer, effective immediately. Prior to this role, Ji was the Vice President of Human Resources at Meicai, a tech start-up to provide one-stop catering raw material procurement services. Prior to that, Ji served…
Kahoot!, an Oslo-headquartered global learning platform, announced that it has raised a gross amount of $28 million in new equity through a private placement of 7.5 million new shares. The private placement also comprised 16.5 million existing shares and amounted to $90 million in total. The transaction took place through an accelerated bookbuilding process managed…