Motilal Oswal Private Equity to infuse Rs 250 crore in Gurugram-based VVDN Technologies Pvt. Ltd focused on product engineering and electronics manufacturing. Motilal Oswal Private Equity had raised over Rs 2,300 crore for India Business Excellence Fund-III in October 2018, to invest in established mid-market businesses. The fund’s investments include Gujarat-based MAS Financial Services, a…
In line with its HR transformation initiatives – Tech Mahindra has put in place new policies towards enabling better diversity and inclusion at workplace. One of their key initiative towards ensuring an inclusive workplace has been to allow same-sex couples 12 weeks of paid adoption leave. Their parenting policies support parents irrespective of their gender and allows new parents to spend more time with their newborns in their first year of parenthood.
The company has also put in place policies to provide for flexibility at work, work from home policies for new parents, and support groups for returning mothers, cancer patients and survivors.
Swiggy, India’s largest and most valuable online food ordering and delivery platform, has launched its own payment wallet – Swiggy Money. According to the latest notification in its terms of use – Swiggy assured that the wallet will only be used to credit amounts for the canceled orders at the moment. The Cashback Guarantee* on…
Sachin Bansal led Navi Technologies (formerly known as BAC Acquisitions Pvt. Ltd) has acquired MavenHive, a Bengaluru-based technology consulting firm to fund their product development initiatives. Navi Technologies, an investment firm with a focus on the financial services space, was co-founded by Sachin Bansal, the co-founder of Flipkart, with Ankit Agarwal. The company was set…
Japan-based Koito Manufacturing Co. Ltd has announced that it has acquired full control of India Japan Lighting Pvt. Ltd (IJLPL), which is a joint venture with TVS Group. The transaction was done for Rs.148.5 crore with Kioto acquiring the remaining 29.9% stake in Chennai-based IJLPL. The acquisition will boost IJLPL’s and Koito’s profitability and growth…
Palo Alto Networks has completed its acquisition of Aporeto Inc., a machine identity-based micro-segmentation company. Post this acquisition Aporeto co-founders Dimitri Stiliadis and Satyam Sinha will join Palo Alto Networks. Nikesh Arora, Chairman, and CEO of Palo Alto Networks said, “We are excited to officially welcome Aporeto to Palo Alto Networks. Aporeto is a great…
Sigma Electric, a leading global manufacturer of precision engineered metal components, announced that it has acquired Tooling Dynamics, the leading US manufacturer of high volume, precision metal stamping and Swiss screw machining, in a move that will significantly expand Sigma’s capabilities and benefit its customers. Viren Joshi, Chief Executive Officer and President, Sigma Electric, says,…
PeopleStrong, the leading Work and HR tech company in Asia, announced the acquisition of Qilo, a SaaS performance management product that enables CXOs to drive business outcomes and create a high-performance culture by aligning people-performance to business strategy. With this acquisition, PeopleStrong’s already comprehensive HR Technology suite, which currently serves 300+ enterprises across Asia, through…
Massive jams are being witnessed in many parts of NCR, with barricade placed on Gurugram-Delhi borders. There has been traffic restrictions and suspension of mobile internet in some parts of Delhi to supress protests against Citizenship Amendment Act (CAA). The Gurugram – Delhi border is seeing heavy traffic due to security checks by Delhi Police.…
National Company Law Appellate Tribunal (NCLAT) today reinstated Cyrus Mistry as the Executive Chairman of Tata Group while ruling the appointment of N Chandrasekaran as executive chairman illegal. The restoration will come into effect only after four weeks. Cyrus Mistry and family holds a minority stake in the Tata Sons group with 18.4 percent of shares. With this development, Tata shares fell by 5.25%.
According to numerous media reports, Indian food delivery start-up Zomato is set to acquire the Indian operations of Ubereats, Uber’s food ordering and delivery platform. The deal is likely to close by the end of this year. According to reports, Uber will invest $150 – $200 million in Zomato after the deal. Earlier this month,…
The board of Bharti Airtel Ltd has approved the proposal to raise $3 billion dollars. The funds will be raised through various modes including Qualified Institution Placement (QIPs), stake sale and debt papers. As per the Company’s exchange filing on Wednesday, out of the $3 billion, $2 billion will be raised via equity and the…
In an attempt to foray into the African consumer care market, Wipro Consumer Care and Lighting(WCCL) has acquired South-African company Canway Corporation for an undisclosed amount.
Larry Page is exiting the role of CEO for Alphabet, and Sundar Pichai will be taking over the role. For Sundar Pichai, this role will be in addition to his present role as CEO for Google. Google, Co-Founder Sergey Brin will also step down from the role of President of Alphabet. The role of President…
In a recent development in the case of Chanda Kochhar versus ICICI Bank, the former CEO has sought permission from the Bombay High Court to amend her petition in view of the reply given by the bank to the court. Kochhar had earlier (30th November) moved the court challenging her termination and subsequent clawback of…