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Max Financial Services Limited (MFSL) announced that Insurance Regulatory and Development Authority of India (IRDAI) has approved the proposed transfer of 39,47,75,831 equity shares constituting 20.57% of the paid-up equity share capital of Max Life Insurance Company Limited (Max Life) held by Mitsui Sumitomo Insurance Company Limited (MSI) to MFSL in exchange for issuance of…
Farmkart, a Madhya Pradesh-based agritech startup which offers a wide range of agricultural products and services to farmers through its e-commerce platform, is planning to raise Rs 90 crore in Series A funding from venture capitalists for expansion across the country, according to PTI report. “At present we are functioning at 1,240 locations in Madhya…
CG Power and Industrial Solutions said Murugappa Group firm Tube Investments of India Ltd has acquired a controlling stake in it and now holds 50.62 per cent of the company’s paid-up share capital. The company infused Rs 700 crore into the company and appointed directors on its board. According to the stock exchange filing, CG…
Adani Transmission Ltd (ATL), India’s largest private sector power transmission company, announced it has acquired 49% stake in Alipurduar Transmission Limited from Kalpataru Power Transmission Ltd. (KPTL) with agreement to acquire balance 51% after obtaining requisite regulatory and other approvals and in a manner consistent with Transmission Service Agreement. The share acquisition is pursuant to…
Simplilearn, the world’s leading online Bootcamp for digital economy skills training, has launched their SkillUp initiative, a free learning platform to help individuals get started and chart their path to success in today’s competitive work environment. Through this, learners across the globe will have free access to over 1,000 hours of learning and tech skilling…
ValueLabs, a global technology services provider, has opened a new development center at Plaza Real Cariari in San Jose, Costa Rica, to serve as a near-shore center for clients in the US and Canada. This development center will allow ValueLabs to expand their presence in Latin America and support strategic clients in Healthcare, Retail, HCM,…
SUN Mobility, an electric vehicle solutions firm, has appointed Devender Singh Rawat as its India CEO. In his new role, Rawat will be responsible for accelerating the company”s business growth and expansion plans in the country. Rawat comes with 25 years of experience in the telecom sector. “With 25 years of world class leadership experience…
Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has appointed global mobility expert Michael Clarke to the newly created position of Chief Operating Officer (COO), with the additional role of Chief Human Resources Officer (CHRO). Based out of India, Mike will join Hero MotoCorp effective January 1, 2021 and report to Dr. Pawan…
Ashok Leyland Ltd, India’s second largest commercial vehicle manufacturer and flagship company of the Hinduja Group, has announced that Optare Group Ltd, its majority-owned UK subsidiary, has been renamed Switch Mobility Ltd (Switch) as part of its drive towards electrification and new mobility services. Unveiling the new logo and name, Dheeraj Hinduja, Chairman of Ashok…
Vehere, a leading Cyber Situational Awareness solutions company, has announced the appointment of Niladri Saha as Director – Sales. He will be based out of Delhi. In his new role, Saha would be responsible for overseeing strategy, sales, and business growth for Vehere in India and emerging markets. Niladri Saha has about 25 years of…
The Ministry of Electronics & Information Technology (MEITy) and IBM India Pvt announced a collaboration to create a robust education and skilling ecosystem that creates critical thinkers, problem-solvers, and next generation innovators through the Common Services Centre Academy. CSC Academy – part of Common Services Centre (CSC) scheme of the Government of India’s flagship Digital…
Education-technology startup Yellow Class has raised $1.3 million in a pre-Series A funding round led by India Quotient, an early stage investor. India Quotient fund companies building disruptive businesses aimed at Indian consumers. Other participants that participated in the funding round are Snapdeal founders Kunal Bahl and Rohit Bansal, Indifi founder Alok Mittal, Oyo executives…
Cityflo, an app-based bus service that provides a commute experience for corporate professionals in Mumbai, has raised Rs 57 crore in Series A funding led by Lightbox Ventures. Existing investor India Quotient along with other angel investors also participated in the round. Earlier in 2019, India Quotient had invested Rs 3 crore into the startup…
Pravasi Rojgar, an app built by actor Sonu Sood to offer support to workers in finding right job opportunities in various sectors across the country, has entered a joint venture with Temasek’s job search platform for blue-collar workers GoodWorker. The JV will formally launch its product offerings in early 2021. GoodWorker has also made an…
Eightfold.ai, a talent intelligence platform, built for enterprises, to address talent acquisition and management, has announced that it has raised a $125 million in Series D funding round led by General Catalyst and also includes investors from previous rounds, including Capital One Ventures, Foundation Capital, IVP and Lightspeed Venture Partners. Total funding raised to date…