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Japan-based Koito Manufacturing Co. Ltd has announced that it has acquired full control of India Japan Lighting Pvt. Ltd (IJLPL), which is a joint venture with TVS Group. The transaction was done for Rs.148.5 crore with Kioto acquiring the remaining 29.9% stake in Chennai-based IJLPL. The acquisition will boost IJLPL’s and Koito’s profitability and growth…
Male grooming brand Bombay Shaving Company announced that they have raised $6.3mn in Series B round of funding led by Sixth Sense Ventures. Existing investors, Colgate-Palmolive also participated in the funding round. Overall, the company has raised $11.2mn in funding to date. The company plans to utilize these funds for brand building, expanding presence in…
Vestian, an occupier focused workplace solutions firm, bagged the ‘Customer Value Leadership’ award at the 6th edition of the Frost and Sullivan Project Evaluation and Recognition Program (PERP) Awards 2019 at Mumbai. This is the fifth consecutive year that Vestian has been recognized at this forum. The highly coveted awards program honors companies that create…
While India spent a long time as the outsourcing destination for global companies especially in the IT sector, it’s high time to rewrite a different story at the onset of the 4th Industrial Revolution, where smart manufacturing is no more a buzz word but everyday reality. However, not every business is ready to get onto…
Hyatt Hotels Corporation, a global hospitality firm has announced its plans to open 11 new hotels across India by the end of 2020 as part of its expansion plans in the country, a senior company official told PTI. The Chicago-headquartered firm currently has 32 hotels across 20 destinations under its eight brands in India. The…
Nissan in an official press release announced that it has accepted Seki’s resignation and started its new management under Representative Executive Officer, President and CEO Makoto Uchida as of December 1, 2019. Under the new top management, Nissan is trying to regain trust, restore the company’s performance and work on its business transformation.
Sundar Pichai, CEO of Alphabet and Google, will take home a stock package worth $240 million on top of a $2 million annual salary in 2020. Out of the stock package, Pichai to get $90 million on the basis of Alphabet’s performance. Recently this month, Sundar Pichai was named the CEO of Alphabet as the…
“…your statement that if Air India is not privatized by 31st March 2020 then Air India will be shut down, is a matter of concern,” the letter said.
Former Uber CEO Travis Kalanick is resigning from the board of directors, severing ties with the ride-hailing company that he co-founded a decade ago and ran until a series of scandals led to his downfall. The departure, announced Tuesday, did not come as a surprise. Kalanick recently sold more than $2.5 billion worth of stock…
Eduisfun, an educational technology startup, has secured Rs 200 crore in its first round of funding from a list of marquee angel investors and high net-worth individuals, including Deepak Parekh and Amitabh Bachchan. Other investors include Piyush Pandey, chief creative officer of the Ogilvy Group and Russell Parera, partner, assurance at Price Waterhouse & Co.…
ISS Facility Services (India) announced the appointment of Aksh Rohatgi as its new CEO and Country Manager effective December 2019. Aksh will also be the Executive Chairman of the Board of Directors of ISS India. Dane Hudson, Regional CEO Asia Pacific said: “I am very pleased with the appointment of Aksh to this very important…
FlytBase, a drone software solution which is compatible with all major drones, closed its seed round of venture financing led by a US-based, early-stage seed fund, and brings not only venture capital, but also a wealth of professional experience and world-class B2B networks to the table. The company was founded by Nitin Gupta in 2017.…
Palo Alto Networks has completed its acquisition of Aporeto Inc., a machine identity-based micro-segmentation company. Post this acquisition Aporeto co-founders Dimitri Stiliadis and Satyam Sinha will join Palo Alto Networks. Nikesh Arora, Chairman, and CEO of Palo Alto Networks said, “We are excited to officially welcome Aporeto to Palo Alto Networks. Aporeto is a great…
Wolters Kluwer Legal & Regulatory U.S. announced the launch of the Visa Requirements, Employment Verification and Withholding Compare SmartChart. Available on Cheetah, Wolters Kluwer’s acclaimed legal research platform, the SmartChart is the first comparison solution of its kind that provides up-to-date state and federal rules for every kind of U.S. visa for corporate counsel, human…
Sigma Electric, a leading global manufacturer of precision engineered metal components, announced that it has acquired Tooling Dynamics, the leading US manufacturer of high volume, precision metal stamping and Swiss screw machining, in a move that will significantly expand Sigma’s capabilities and benefit its customers. Viren Joshi, Chief Executive Officer and President, Sigma Electric, says,…