Global food and beverage giant PepsiCo Inc recently agreed to buy Chinese snack brand Be & Cheery from local jujube maker Haoxiangni Health Food Co Ltd. According to the company, the acquisition will cost PepsiCo about $705mn. PepsiCo said that the company plans to become China’s leading consumer-focused food and beverage company post the acquisition.…
Ride-hailing startup Uber has recently announced that it would strengthen its fintech process in India with the formation of Uber Money. It has even set up a team of over 100 technology professionals responsible for global financial products and technology innovations, at its Hyderabad Tech center. With the announcement, the company has surprised many who…
RATIONAL – the world market and technology leader in the field of hot food preparation for professional kitchens announced an investment of several million euros for the Indian market. The company aggressively plans to tap the growing hospitality and start-up sector and make its presence stronger in their current markets. The investment will be utilized…
In 2018, Sweden and India signed an innovation agreement. Sweden-India Transport Innovation and Safety Partnership (SITIS) is a strong and concrete example of how innovation cooperation between the countries actually happens, and can create global values in the security area. SITIS was launched in Stockholm, in the presence of Nitin Gadkari, Minister of Transport &…
Huntsman Corporation announced that it has completed the acquisition of Icynene-Lapolla, a leading manufacturer and distributor of spray polyurethane foam (SPF) insulation systems for residential and commercial applications. Huntsman said in their press release that it has acquired the business from an affiliate of FFL Partners, LLC, for $350 million, in an all-cash transaction. Huntsman…
It looks like the ongoing tussle between Tata Sons and Cyrus Mistry is not coming to an end anytime soon. In a recent development, Cyrus Mistry and his investment firms have filed a fresh petition in the Supreme Court, pleading that they are granted directorship in Tata Sons Ltd. In the petition, dated 13 February…
CITIC Capital Acquisition Corp. announced the closing of its initial public offering of 27,600,000 units in US, which includes 3,600,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The offering was priced at $10.00 per unit, resulting in gross proceeds of $276,000,000. Credit Suisse acted as the sole…
GitHub Inc., world’s leading software development platform, announced the opening of its subsidiary, GitHub India Private Limited, with the aim to better serve the developer community and GitHub’s enterprise customers in the country. India is home to GitHub’s third largest community of developers, growing 22 percent over the past year, adding to an already significant…
Leading Indian watchmaker Titan recently at a product launch event announced that it has acqui-hired Hyderabad-based IoT (Internet of Things) start-up HUG Innovations. Speaking at the launch event Titan CEO for Watches & Accessories S Ravi Kant said that the HUG Innovations team of 23 employees along with the founder Raj Shekhar Neravati have joined…
Numerator, a US-based, data and tech company reinventing market research, announced that the company is opening its Engineering center in Pune, Maharashtra. Over the next 2 years, Numerator plans to ramp up staff significantly and will aim to deliver leading-edge and mission-critical technologies to its large, multinational customers. Currently, Numerator is headquartered in Chicago, IL,…
Cognizant, an IT services company on Friday announced that it has opened a new facility in Mangaluru. This is said to be Cognizant’s fourth facility in Karnataka after Mysuru and Bengaluru. The new 100,000sq-ft facility boasts of accommodating more than 1,100 employees. Cognizant has a long association with Mangaluru since 2011 after acquiring CoreLogic Global…
Eddyfi/NDT, through a strategic partnership with Novacap and CDPQ, announced the acquisition of NDT Global. Headquartered in Dublin, Ireland, and with main operations in Stutensee, Germany, NDT Global is a premium ultrasonic pipeline inline inspection (“ILI”) and data analysis supplier for onshore and offshore pipelines worldwide. Eddyfi/NDT will now have 1,000+ employees working in 20…
Tenneco announced the appointment of automotive industry veteran Charles “Chuck” K. Stevens III to its Board of Directors. Stevens’ appointment follows the Company’s January 27, 2020 announcement of its commitment to adding at least one new independent director over the course of 2020. The Company intends to continue this refreshment process throughout the year. With…
Infor, a global business cloud software company, announced that an affiliate of Koch Equity Development LLC, the investment and acquisition subsidiary of Koch Industries, Inc., has entered into a definitive agreement to acquire the remaining equity stake in Infor held by Golden Gate Capital. Financial terms of the transaction were not disclosed. At the close…
Savage Enterprises, a global Hemp and Vaping industry has announced the acquisition of California-based startup Zen Panda, a burgeoning manufacturer of Kratom and Kava-based products. Formed just a few short months ago, Zen Panda to introduce an array of Kratom and Kava products aimed at a bustling market of wellness chasers and pleasure seekers. With…