Nippon Steel Corporation (NSC), Japan’s largest steelmaker and one of the world’s leading steel manufacturers, and United States Steel Corporation (U. S. Steel), a leading steel producer with competitive advantages in low-cost iron ore, mini mill steelmaking, and best-in-class finishing capabilities, announced that they have entered into a definitive agreement pursuant to which NSC will…
Biocon Biologics, a unique, fully integrated, global biosimilars company with a rich portfolio of insulins and monoclonal antibodies, has successfully concluded the integration of the acquired Viatris biosimilars business with the transition of 10+ Emerging Markets and Japan, Australia and New Zealand in the final phase. All Viatris’ biosimilars brands, including Ogivri & Hertraz (bTrastuzumab), Abevmy (bBevacizumab), Fulphila (bPegfilgrastim), Hulio (bAdalimumab), Nepexto…
Snacking brand Farmley has raised $6.7 million, about Rs 56 crore, in a funding round led by BC Jindal Group, according to PTI report. Existing investors DSG Consumer Partners, Omnivore and Alkemi Partners also participated in the funding round. Farmley cofounder Akash Sharma said the funds raised will be utilised in innovation, expanding distribution channel…
Accenture has acquired Redkite, a UK-headquartered data consultancy that specialises in full stack data expertise to help organizations accelerate their performance with data-driven intelligence and AI. The acquisition will expand Accenture’s data capabilities to help clients accelerate transformation with modern data platforms that unlock the power of AI across the enterprise, a statement said. With deep…
UNLEASH Capital Partners, Inc. (UNLEASH) announced the launch of its first fund, with a capital commitment of JPY 4.5 billion (approximately INR 250 crores). The fund will invest in promising early-stage companies that are at the forefront of tackling the wide-ranging challenges associated with financial inclusion in India, a statement said. UNLEASH is a group…
IMA India, the country’s premier business information and senior professional communities’ company, has acquired CFO Collective India Pvt Ltd. This acquisition offers significant synergies and has created an unrivalled platform for finance leaders in India, a statement said. IMA India, led by Adit Jain, is India’s longest-serving, high quality and comprehensive CXO peer network company with…
Cipla Limited (Cipla) announced that it has agreed to further invest INR 42 crore (approx.) in digital tech company GoApptiv Private Limited (GoApptiv). In line with Cipla’s ambition to strengthen investments in channels of the future, this development will further expand Cipla’s presence across the healthcare continuum, especially to the underserved population by enabling greater…
Aether Fuels (Aether), an advanced climate technology company announced US$8.5 million in pre-Series A financing via convertible notes. The global syndicate includes JetBlue Ventures, the corporate venture capital (CVC) division of JetBlue, as well as TechEnergy Ventures (the CVC division of the Techint Group), Doral Energy Tech Ventures (the CVC division of Doral Energy), Foothill Ventures, and existing investor, Xora Innovation. Aether…
Sterling and Wilson Renewable Energy Limited (SWRE) has announced the completion of a fundraise of Rs. 1,500 crore through Qualified Institutions placement (QIP) route. The Securities Issuance Committee of Board of Directors at its meeting held on December 14th, 2023 approved the issue and allotment of 4,32,27,665 equity shares of face value Re. 1/- each…
LTIMindtree, a global technology consulting and digital solutions company, announces the inauguration of a new Delivery Center in Mexico City, as part of expanding its presence in Latin America. The Delivery Center will enable workforce transformation and localization for LTIMindtree in the Americas. The Center was inaugurated on December 14, 2023, by His Excellency, Pankaj Sharma, Ambassador of…
Cyient DLM, an integrated electronics manufacturing company, has announced the inauguration of a new precision machining facility in Bangalore. The facility currently has a capacity of 60,000 hours per annum, and has been designed for 3x expansion, to elevate the capacity to 180,000 hours per annum with the addition of 20 cutting-edge machines. The new…
Infibeam Avenues Ltd, a listed fintech company, announces its strategic foray into the capital markets and digital lending software market by acquiring a significant 49% equity stake in Pirimid Fintech, investing Rs 25 crore to solidify this strategic partnership. This move is in direct response to the surging demand in the thriving global capital markets…
Hypergene, a Swedish software-as-a-service (SaaS) company for planning and performance management, announced a growth investment from Thoma Bravo, a leading software investment firm. Under the terms of the investment, Thoma Bravo will acquire a majority stake in Hypergene from Monterro, the leading B2B software investor in the Nordics, and other minority shareholders. With the support…
Wardwizard Foods and Beverages Limited announces the signing of a significant Memorandum of Understanding (MoU) with the Government of Gujarat, marking a pivotal moment in the expansion of food manufacturing capabilities in the state. The formal signing of this transformative MoU unfolded on December 13, 2023, marking a commitment to propel Gujarat’s development into an…
Bicara Therapeutics, a clinical-stage biotechnology company developing dual-action biologics to elicit a potent and durable immune response, announced the completion of an oversubscribed $165 million Series C financing. The financing was co-led by Braidwell LP and TPG, which is investing in the company through TPG Life Sciences Innovations (TPG LSI) and The Rise Fund, with…