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Inspire Brands and Dunkin’ Brands, parent company of Dunkin’ and Baskin-Robbins, announced that they have entered into a definitive merger agreement under which Inspire will acquire Dunkin’ Brands. Post acquisition, Dunkin’ and Baskin-Robbins will be operated as distinct brands within Inspire. “Inspire to acquire Dunkin’ Brands for $106.50 per share in cash in a transaction…
Edelweiss Financial Services announced the appointment of Sarju Simari as the Chief Financial Officer (CFO) of the company, effective from 01 November 2020. Sarju Simaria replaces S Ranganathan as the new CFO. Prior to this role, Sarju was the Deputy Chief Financial Officer. Prior to that, Sarju has been a part of the group for…
General Motors announced that it has appointed Paul Jacobson as new Executive Vice President and Chief Financial Officer, effective Dec. 1. Jacobson will report to GM Chairman and CEO Mary Barra. Prior to this role, Jacobson served as CFO of Delta Air Lines, a company he helped transform into one of Fortune magazine’s Top 50…
IndiaFirst Life Insurance, a Mumbai-based Indian life insurance company, announced that it has promoted Sunder Natarajan as its Chief Compliance & Risk Officer, according to ET report. Prior to this role, Natarajan served as Vice President and Head of Risk Management at the company. In his new role, Sunder Natarajan will lead Compliance, Risk Management,…
Under Armour, a global leader in branded athletic performance apparel, footwear and accessories, announced that it has entered into a definitive agreement to sell the MyFitnessPal platform to Francisco Partners for $345 million. Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. The firm invests in opportunities…
SVPGlobal, a global investment firm, announced that it has expanded its Portfolio Operations team with the additions of David Peck and Paul Marchand as Managing Directors. Both of them will also serve as members of SVPGlobal’s 16-person Management Council. In Europe, Marchand, a new Senior Operating Partner, joined SVPGlobal earlier this year from Bain Capital…
Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil & Gas and Metals Company, announced the launch of “Vedanta Spark”, an initiative wherein the company is looking to partner with early stage, growth stage and venture stage Digital Tech start-ups in order to tap into massive innovation and growth…
Biocon Ltd, an innovation-led global biopharmaceuticals company, announced that it has ranked among the Top 5 Global Biotech Employers for 2020 on the U.S.-based Science magazine’s annual ‘Science Careers Top 20 Employers’ list. Ranked at No. 5 among global pharma and biotech companies in 2020, Biocon has moved up steadily from No. 7 in 2018…
Transcend, a leader in business optimization for financial firms, announced it has raised $ 10 million in Series A financing led by Nyca Partners, a leading fintech venture capital firm, with support from a major global custodian bank. The company will utilise the proceeds to rapidly scale product and sales infrastructure to meet growing demand…
Linde, a global industrial gases and engineering company, announced that its Board of Directors has appointed Sanjiv Lamba as Chief Operating Officer effective January 1st, 2021. Lamba will report directly to Linde’s CEO, Steve Angel, and relocate to Danbury, CT. In this new role, Lamba will be responsible for the regional operating segments of the…
FlexiLoans, a Mumbai-based online lending platform, announced that it has raised Rs 150 crore in a mix of debt and equity financing from multiple investors. The investment was led by Falguni and Sanjay Nayar Family Office. The startup plans to use the funds raised to scale up its micro SME lending and launch new lending…
Bacardi Limited, the world’s largest privately held spirits company, announces the appointment of Mauricio Vergara as President and Chief Operating Officer (COO) of PATRÓN. Vergara will report to CEO Mahesh Madhavan. Prior to this role, Vergara served as Managing Director for Bacardi-Martini Australia and New Zealand, while also leading the international integration of PATRÓN following…
Railofy, the first startup in India to provide travel protection to railway passengers against waitlist (WL) and reservation against cancellation (RAC), announced it has raised Rs 4 crore in seed funding round from Roots Ventures, Astarc Ventures, Better Capitals etc. The seed funding will be used to scale its presence across the country. In addition…
Pidilite Industries announced it has entered a definitive agreement with Huntsman Group (USA) for acquiring 100% stake in one of their subsidiaries in India namely, Huntsman Advanced Materials Solutions Private Limited (HAMSPL) for Rs 2100 crores. HAMSPL manufactures and sells Adhesives, Sealants and other products under well-known brands such as Araldite, Araldite Karpenter and Araseal…
MGH Logistics, a Singapore headquartered diversified conglomerate with interest in Healthcare, Fashion, Automotive Supply Chain Management, Total Cargo Management for LCCs, Ride-Sharing, E-Commerce, and Express Last Mile Deliveries, announced the appointment of Eom Cheolwon(Chris) as its Regional Managing Director (Korea, Vietnam, Cambodia, Thailand). The appointment is effective October 1st, 2020. Chris will be based out…