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Tata Power Delhi Distribution Limited (Tata Power-DDL) has announced the appointment of Mr. Ganesh Srinivasan as the company’s new Chief Executive Officer (CEO), with effect from December 2, 2019. Srinivasan will take over from Mr. Sanjay Banga who has been elevated to the position of President – Transmission and Distribution (T&D), Tata Power, Mumbai. In…
Maruti Suzuki India Limited, India’s leading passenger vehicle maker, has reached a key milestone of 20 Million passenger vehicle cumulative sales in the Indian market. This achievement makes Maruti Suzuki the only company in India to cross the landmark figure. The company accomplished this landmark number in less than 37 years of selling its first…
Vested Finance, a financial technology platform that empowers international investors, has raised an undisclosed amount in a fresh round of investment led by Inflection Point (IP) Ventures. The company was founded by Viram Shah, Darwin Arifin, Eric Huynh, and Yinghan Lin in 2018. It is understood that the company will utilise the funds to expand…
The Department for Promotion of Industry and Internal Trade (DPIIT) has announced the institution of the first ever National Startup Awards. The National Startup Awards seek to recognize and reward outstanding startups and ecosystem enablers that are building innovative products or solutions and scalable enterprises, with high potential of employment generation or wealth creation, demonstrating measurable social impact.
Acko, a private sector general insurance company, has raised fresh funding of $16 million from growth stage investment firm Ascent Capital. A few media reports suggest that the Binny Bansal, ex-CEO and founder of Flipkart, may have invested around $20 million in Acko. The company was founded by Varun Dua in 2016. Last year, Acko…
GreyAtom, an Edtech startup, has raised f $ 1.2 million in a pre-Series A round from Montane Ventures. Other investor Pravega Ventures, and Ritesh Arora, Cofounder and CEO of web and mobile testing platform BrowserStack, also participated in the round. The company was founded by Shweta Doshi, Mitul Thakkar and Mayuresh Shilotri in 2017.
ECLATMAX has recently launched its Corporate Training, Executive Coaching and Business Consulting solutions. The Mumbai-based company is spearheaded by erstwhile Eruditus Executive Education top executive, John Poulose, and Kotak Mahindra Bank executive, Prabi John. ECLATMAX focuses on enabling holistic transformation at the organizational and individual levels through its cutting-edge Human Capital Development solutions. The training…
The Vedica Scholars Programme For Women is delighted to launch the Young Women’s Leadership Immersion (YWLI), a two-week summer school for undergraduate women enrolled in universities around the world. This first-of-its-kind programme focuses on gender, understanding the self and diversity in India. The programme is carefully crafted to equip its participants with tools to navigate…
Paytm, an Indian e-commerce payment system and financial technology company, is in advanced talks with multiple investors, including former UK Prime Minister David Cameron to raise another $1 B in funding. As per sources, the discussions are on and might take a few weeks to get finalised. Paytm is presently backed by investors – T Rowe Price, Ant Financial and SoftBank Vision Fund.
SJVN Limited, a Mini Ratna company, has appointed Akhileshwar Singh as the Chief Financial Officer(CFO) of the Company w.e.f. 27.11.2019. In a BSE filing, the company said, “The Board of Directors have appointed Sh. Akhileshwar Singh as the Chief Financial Officer (CFO) of the Company w.e.f. 27.11.2019.” SJVN Limited was incorporated on May 24, 1988…
Thomas Cook (India) Ltd., India’s leading integrated travel and travel related financial services company, has been conferred with the premier Diamond Award for registering the highest number of French visa deliveries in 2019.The award was presented to Thomas Cook India by His Excellency, Emmanuel Lenain, Ambassador of France to India at the 5th edition of…
The Competition Commission of India (CCI) has approved the acquisition by Amazon.com NV Investment Holdings LLC (“Acquirer”) in Future Coupons (Private) Limited (“FCL/Target”), under Section 31(1) of the Competition Act, 2002. The proposed combination pertains to the acquisition by the Acquirer of approximately 49% of the voting and non-voting equity shares of the Target (“Proposed…
The Competition Commission of India (CCI) approves the acquisition by Mitsubishi-Hitachi Metals Machinery, Inc. (“MHMM/Acquirer”) in Primetals Technologies (“PT/Target”), under Section 31(1) of the Competition Act, 2002. The proposed transaction entails the acquisition of the remaining 49% of the total shareholding in PT by MHI (through MHMM) from Siemens AG (“Proposed Combination”). PT designs and…
CarDekho Group, India’s leading car search venture, has expanded its global footprint by acquiring online car classifieds site, Carmudi Philippines. Carmudi was a part of Rocket Internet and is an online car classifieds site focusing on emerging markets. The company was founded in 2013. In the company’s statement on this move, Co-Founder and President, CarDekho…
Zumutor Biologics, an Immuno-Oncology company, has raised $4 million in Series A2 funding led by new investor Bharat Innovation Fund (BIF). The round also saw participation from its existing investor Accel Partners. With this round, the total funding raised by the startup stands at around $20 million. The company was founded in 2015 by Kavitha Iyer Rodrigues