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The Essel Group is planning to sell its 16.5% stake in ZEE Entertainment Enterprises Limited (ZEEL) to financial investors. The reason to sell up to 16.5% stake is in order to repay loan obligations to certain lenders of the Group for whose benefit such shares are currently encumbered (and who have consented to such share…
Tata Consultancy Services, a leading global lT services, consulting and business solutions organization, announced the launch of a first-of-its-kind ‘lnnovation Hub’ in Hyderabad. With support from Qualcomm Technologies, an industry leader in wireless technology, the new hub will be used to build domain-specific solutions that utilise the combinatorial power of Al, loT and 5G technologies…
Maruti Suzuki India Limited welcomes applications from startups for the third cohort of its Mobility & Automobile Innovation Lab (MAIL) program. The program, initiated to identify and bring together startups with innovative and cutting-edge solutions, aims to collaborate with them for open innovation in mobility and automobile space. Winners get an opportunity to undertake a…
Ullico Casualty Group selects Majesco P&C Core Suite and Majesco Enterprise Data Warehouse on Majesco CloudInsurer to underpin its digital transformation and growth strategy. This will drive business modernization leveraging pre-configured industry leading practices, deliver optimized and operational capabilities and enable product innovation to their customers. As per a statement by Tina Fletcher, President of…
Subros Limited is a leading manufacturer of thermal products for automotive applications in India. The company inaugurates its 9th state of the art manufacturing plant in Gujarat. The new plant is inaugurated by Kenichi Ayukawa, Managing Director and CEO of Maruti Suzuki India Limited; Fumitaka Taki, Chairman and MD of DENSO International India Pvt. Ltd.;…
Wipro Limited, a leading global information technology, consulting, and business process services company, today announced that Appirio, a Wipro company, has partnered with software provider MuleSoft to provide digital integration solutions that allow businesses to enhance the value and versatility of their customer relationship management (CRM) systems. Appirio’s Salesforce implementation solutions enable businesses to design,…
Quikkloan, a credit scoring analytics based online loan marketplace, has raised an undisclosed amount as seed funding led by a series of angel investors including Arun Diaz, advisor of Aavishkaar; Aasif Ahsan Khan, MD and CEO Of Fab Technologies; and Sanjay Budhwar. The company was founded by Jamil Akhtar in 2016. The startup will utilise…
Panacea Biotec Limited, one of India’s leading Pharmaceutical and Biotechnology Company, has announced key managerial appointments in its top-level leadership. Susheel Umesh has been appointed as Chief Executive – Domestic Formulations. He has an experience of over 27 years and has earlier been with Sanofi and Abbott. He was Managing Director, and General Manager –…
Thomas Cook (India) Ltd.(TCIL), India’s leading integrated travel and travel related financial services company, has introduced ‘Easy Payment Plan’, a unique offering enabling consumers to book their dream holiday with just a token payment of 10%. The balance 90% payment is then made prior to receiving the final handover of their travel related documents, before…
Advent International (“Advent”), one of the largest and most experienced global private equity investors, has announced today that it has signed a definitive agreement to acquire a majority interest in Bharat Serums and Vaccines Limited (“Bharat Serums” or “BSV”), a biopharmaceutical leader in women’s healthcare, assisted reproductive treatment, critical care and emergency medicine in India…
Wingreens, a fully integrated (farm to retail) food company, has raised Rs 125 Cr in Series B funding round led by Zurich-based private equity fund responsAbility Investments AG. Other existing investor Sequoia India also participated in this round. The company was founded by Anju Srivastava in 2011. Previously, the company has raised seed and Series…
Centrum MicroCredit Ltd (CML), the Microfinance arm of the Centrum Group, a leading domestic integrated financial services organisation, announces the acquisition of the business operations of New Delhi-based Altura Financial Services Limited via a slump sale. Altura is a microfinance company with a loan portfolio of Rs 90 crore, servicing over 45,000 customers across 48…
At the prestigious World Branding Awards, three Indian brands were named as National Tier winners; Airtel (Telecommunications – Mobile), Milton (Houseware Products), and Royal Enfield (Automotive – Motorcycles). Known for the ultimate global brand recognition accolade, the World Branding Awards is now in its 10th edition. It saw 318 brands from 41 countries named “Brand…
With an aim to identify solutions to the critical challenges of sustainable urban living, Messe Frankfurt India will host India’s first Technical Textile Hackathon on 22nd November 2019. The hackathon titled “Techtextil NEXT” will build an eco-system that supports India’s technical textile start-ups and enables them to develop products and prototypes with Technical Textiles, driving…
The Indian Institute of Skills (IIS) was conceptualized by The Ministry of Skill Development and Entrepreneurship to address the above mentioned issues and to develop state of the art skill institutions. The vision behind setting up IIS is to build world-class skill training centres by learning and imbibing best practices from internationally renowned existing skill…