News Desk

KKR-backed Radiant Life Care acquires Max Healthcare Institute Limited.

Global investment firm KKR-backed hospital management company Radiant Life Care has acquired a majority stake in Max Healthcare Institute Limited from Max India Limited. Radiant Life Care will be acquiring 49.7% stake in Max Healthcare from South Africa-based hospital operator Life Healthcare in an all-cash deal. The acquisition will be followed by a de-merger of…

IKEA signs MoU with UP, plans to invest Rs 5,000 crore.

The world’s largest furniture retailer IKEA is planning to invest Rs 5,000 crore in Uttar Pradesh. IKEA, which is planning to set-up a large format store in Noida, has signed a memorandum of understanding (MoU) with the Uttar Pradesh government for opening stores in the state. The investment would create over 8,000 direct and indirect job opportunities…

Swiggy raises $1 billion funding from Naspers, Tencent and others.

Online food delivery startup Swiggy has raised $1 billion in a fresh round of funding led by South African multinational internet and media group Naspers, with the entry of new investors like China’s Tencent, Hillhouse Capital, and Wellington Management. Avendus Capital was the financial advisor to the transaction. According to sources, with this new round of funding…

Apple’s AI Chief John Giannandrea gets promoted to Executive team as Senior Vice President.

Apple Inc. the American multinational technology company headquartered in California, today announced that John Giannandrea has been named to the company’s executive team as senior vice president of Machine Learning and Artificial Intelligence Strategy. He joined Apple in April 2018. Apple’s move comes as the company’s HomeKit devices are facing competitions from Amazon’s Echo and…

LinkedIn appoints Mahesh Narayanan as Country Manager for India.

Microsoft-owned LinkedIn, the business and employment-oriented service that operates via websites and mobile apps, on Thursday announced the appointment of Mahesh Narayanan as Country Manager for India, effective from January 7, 2019. Narayanan has over two decades of experience in building and growing digital businesses in South Asia. Previously, he has served many digital business…