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Tata Communications, a digital ecosystem enabler, announced that it has received top honors at Frost & Sullivan’s 2020 India ICT Awards, with eight wins in the ‘Company of the Year’ category. All the awards were for excellence in service provision, underlining the company’s dominance in the Indian service provider market, the Company said in its…
After imposing a ban on 59 Chinese mobile applications, the Indian government is reportedly reviewing around 50 investment proposals involving Chinese companies under a new screening policy. The development was first reported by Reuters citing sources close to the matter. Earlier in April, the New Delhi government had tweaked its Foreign Direct Investment policy, making…
Caplin Point Laboratories, a Pharmaceutical Public Limited Company headquartered in Chennai, manufacturing a wide range of Pharmaceutical Formulations, announced that Caplin Steriles Limited (a Subsidiary of Caplin Point Laboratories Ltd) has entered into a private label distribution agreement with Xellia Pharmaceuticals for five generic injectable ANDAs in the US. The first product is expected to…
Developer of open-source process mining technology Apromore recently announced that it has raised AU$6.84mn in a Series A funding round. The fundraise was led by German business process management specialist GBTEC. The funding round also involved investment from Melbourne-based consulting and technology firm Leonardo and The University of Melbourne, which helped to incubate Apromore prior…
Marex Spectron, the global commodities specialist, announced the appointment of Ram Vittal as Chief Executive Officer, Marex Spectron North America. He will report to Ian Lowitt, Group Chief Executive. Ram will be based in New York. In his new role, Ram will oversee Chicago-based Rosenthal Collins Group (RCG) and other Marex Spectron North America metals,…
Dominion Energy, one of the largest producers and transporters of energy in the US, announced that it has executed a definitive agreement to sell substantially all of its Gas Transmission & Storage segment assets to an affiliate of Berkshire Hathaway Inc. in a transaction valued at $9.7 billion, including the assumption of $5.7 billion of…
Ride-hailing giant Uber Technologies Inc has reportedly agreed on a deal to buy food-delivery app Postmates Inc for $2.65bn in an all-stock agreement. The development was first reported by Bloomberg News on Sunday, citing people familiar with the matter. According to the report, the deal has been approved by Uber’s board and might be confirmed…
Outsourced investment office Partners Capital has recently announced that Arjun Raghavan has assumed the role of the CEO of the company. Following the announcement of its succession plan at the end of 2019, Stan Miranda transitions into the role of Chairman and remains a full-time executive, retaining his current client responsibilities while supporting Arjun and…
Goldstein, Roth & Company, the Investment Banking & Private Equity arm of E. Pabaney & Co., announced that it has appointed Ashish Ambwani as Managing Director of Investment banking. In his new role, Ambwani will be responsible for transaction origination as well as execution. Prior to this role, Ambwani was Director at Lazard India for…
Frontier Markets, a Jaipur-based last mile rural distribution startup that connects rural customers with global products and services, announced that it has raised $2.25 million in a Pre-Series A funding round led by ENGIE Rassembleurs d’Energies, The Rise Fund, and The Singh Family Trusts (advised by Artha Impact). Other investors that took part in the…
Brainwired, an AgriTech company focused on providing unique livestock health monitoring and tracking solution, announced that it has raised an undisclosed amount in its first round of funding, led by Mumbai Angels; Kritik Abiram, COO, Anjanasoft; Parthiv Rokadia, MD of Startradex; and Gaurav Saraogi, MD of Chemco Group. The startup has developed a livestock health…
Electromagnetic spectrum management solutions provider, APITech recently announced that it has appointed David Cooper as the Vice President and Managing Director of the EIS (Electromagnetic Integrated Solutions) business unit. David will lead all operations, product line management, and program management for the Business Unit. He will also be a member of the Executive Leadership Team…
NIIT Limited, a global leader in Skills and Talent Development, announced virtual ‘FutureReady Fest’, an initiative to encourage students to enhance their knowledge on newage skills through future ready programs, together with their regular studies and academic curriculum. NIIT will organize virtual sessions on NIIT Digital, it’s online platform for students nationally, wherein industry experts…
Aye Finance, a Gurugram-headquartered new-age finance company providing business loans to small and micro enterprises across India, announced that it has raised about $17 million in debt funding, according to a VCCircle report. Recently, the company raised Rs 210 crore in Series E funding round. Aye Finance said that it had raised the capital from…
The Carlyle-group backed Ortho Clinical Diagnostics recently announced that it has appointed Joseph M. Busky as Chief Financial Officer, effective July 7, 2020. Busky, who previously served as Chief Financial Officer for Vyaire Medical, Inc., has over 30 years of experience in corporate and operational finance for large, global companies across diagnostics, medical devices, telecom,…