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Indiavidual Learning Private Limited (“Embibe”), a subsidiary of Reliance Industries Limited (“RIL” or the “Company”) has acquired equity shares of eDreams Edusoft Private Limited (“Funtoot”) for a cash consideration of INR 71,64,35,143/- (Seventy one crore sixty four lakh thirty five thousand one hundred and forty three rupees only) representing 90.5% holding in the equity share…
HungerBox, a full-stack B2B food and beverage technology company, has raised $12 million from Paytm and others. New investors who participated in the round is NPTK. Existing investors Sabre Partners and Neoplux also participated. The company was founded by Sandipan Mitra and Uttam Kumar in 2015.
Wipro Limited, an information technology, consulting and business process services company, today announced that it has been recognized by the Top Employers Institute as a Top Employer in Australia, for 2020. The Top Employers lnstitute Global Certification Programme is a prestigious certification in the region and has recognised more than 1500 Top Employers in 118…
Pharma major Lupin Limited (Lupin) announced that its subsidiary, Nanomi B.V. has completed the divestiture of the entire stake (99.82%) in Kyowa Pharmaceutical Industry Co. Ltd. (Kyowa) to Unison Capital Partners IV, LPS and Unison Capital Partners IV (F). L.P. (collectively referred to as ‘Unison’), pursuant to the satisfactory completion of all customary closing conditions.…
EY (formerly Ernst & Young) to hire 23000 professionals for the year 2020. The company will also scale its India operations as EY’s largest workforce outside of the US. As per data, EY has over 50000 working professionals in India. The company has already hired 11,000 professionals and plans to hireanother 12,000 by June 30…
Riversand, a leading software-as-a-service (SaaS) Master Data Management (MDM) provider, has received an additional funding of $10mn from Crestline Investors (Crestline). The company was founded by Upen Varanasi in 2001. In 2017, Crestline invested $35 million in Riversand in Series A round funding. The additional investment will be used to continue Riversand’s product innovation as…
Reliance Industrial Investments and Holdings Limited (RIIHL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), has entered into binding agreements with Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure), and its institutional partners, for an investment of Rs. 25,215 crore in the units to be issued by the Tower Infrastructure Trust (Trust) in accordance with the Securities…
EdCast, a category-defining leader in AI-powered personalized learning and knowledge management for enterprise customers, announced the close of its $35 million Series D financing round led by Avathon Capital, an investment platform headquartered in Chicago and a part of Sterling Partners. Other Series D participants included new EdCast investor National Grid Partners and existing EdCast…
B C Tripathi, former Chairman & Managing Director of GAIL (India) Limited, was honoured as the ‘Best CEO’ in the Public Sector Undertakings category at the Business Today Best CEO Awards. The award was presented by the Minister of Petroleum & Natural Gas and Steel, Dharmendra Pradhan yesterday. Tripathi, who was at the helm of…
HCL Technologies (HCL) has re-affirmed its commitment to innovation and growth in Lithuania with the opening of two new technology delivery centers in the capital city of Vilnius. The state-of-the-art Asgaard Keys and Technopolis Alfa sites provide technology and digital transformation capabilities and services to HCL clients in the Baltic, Nordic and Benelux regions. According…
According to numerous media reports, Indian food delivery start-up Zomato is set to acquire the Indian operations of Ubereats, Uber’s food ordering and delivery platform. The deal is likely to close by the end of this year. According to reports, Uber will invest $150 – $200 million in Zomato after the deal. Earlier this month,…
Infosys has announced to offer incentives and hikes to over 25,000 mid-level executives – nearly a tenth of its workforce – who will acquire new digital skills. Boosted by the development, major IT companies have now been witnessing flat growth in traditional services, which account for nearly two-thirds of their revenue. Whereas, digital businesses have…
Licious, a gourmet meat brand, run by Delightful Gourmet Pvt. Ltd has raised $30 million in a series E round, led by Singapore-based Vertex Growth Fund. Existing investors 3one4 Capital, Bertelsmann India Investments, Vertex Ventures Southeast Asia and India, and Sistema Asia Fund also participated in the round. The company was founded by Vivek Gupta…
Tata Consultancy Services (TCS), a leading global IT services, consulting, and business solutions organization, announced the general availability of its Quartz DevKit, an intuitive, low code development kit for enterprises to quickly build and deploy blockchain applications on any popular blockchain platform. The DevKit abstracts out the complexity of the underlying blockchain technology and provides…
Maruti Suzuki India Limited has created a new milestone with the sales of over six lakh automatic transmission passenger vehicles. Out of these six lakh automatics sold, over five lakh vehicles are equipped with popular Auto Gear Shift (AGS) technology. Sales of automatic vehicles accelerated in the last five years after the introduction of the…