Ryan, a global tax services and software provider, announced the opening of a new office in Bengaluru. The addition of the Bengaluru office further expands Ryan’s India operations and will support property tax and sales and use tax along with other service delivery and tax.com teams, a statement said. The new Bengaluru office is located on…
Larsen & Toubro (L&T), an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services, has announced the divestment of its 100% stake in L&T Infrastructure Engineering Limited (LTIEL), a provider of standalone engineering consultancy services for the infrastructure sector in India. The stake has been acquired by STUP Consultants Private Limited, a subsidiary of…
Accenture has acquired The Shelby Group, a leading provider of digital procurement and optimization services. The acquisition further enhances Accenture’s capabilities in sourcing and procurement technology transformation, a statement said. Founded in 2002 with headquarters in Schaumburg, Illinois, The Shelby Group is a procurement technology consultancy with deep experience in Coupa and Ivalua solutions. It helps…
Kotak Mahindra Bank Limited, Kotak Mahindra General Insurance Company Limited (Kotak General Insurance) and Zurich Insurance Company Limited (Zurich) have entered into definitive agreements for a transaction whereby Zurich will invest (approximately) Rs 4,051 crore to acquire a 51% stake in Kotak General Insurance through a combination of fresh growth capital and share purchase. Further,…
Accenture has completed its acquisition of ConcentricLife, a leading healthcare marketing agency with expertise in helping Life Sciences brands build an optimal brand experience at any stage of the health journey. This acquisition reinforces Accenture Song’s continued investment in creating end-to-end solutions for its Life Sciences clients through relevant communications and experiences attuned to the ever-evolving lives…
Lloyds Banking Group, one of the UK’s largest financial services groups, unveiled its new Lloyds Technology Centre (LTC) in Knowledge City, Hyderabad today. The Lloyds Technology Centre will play a key role in delivering AI, Cloud and Blockchain programmes across the organization with the first teams located in the office focusing on using data, machine learning…
Accenture has agreed to acquire OnProcess Technology, a provider of supply chain managed services, to help organizations refine processes, improve the way inventory is managed and solve complex service challenges. With this acquisition, Accenture will enhance its supply chain capabilities, specifically in asset recovery and service supply chain management, making it easier for clients to manage service…
Energy Exemplar, a global provider of energy market simulation software, announced it has agreed to be acquired by private equity funds affiliated with Blackstone (Blackstone) and Vista Equity Partners (Vista). With the backing of Blackstone and Vista, Energy Exemplar gains new resources to help accelerate growth and drive platform innovation in support of grid reliability and the…
Sugar.fit, a healthtech startup that seeks to manage and reverse type 2 and pre-diabetes, said it has raised $11 million in a Series A funding round led by MassMutual Ventures, according to ETtech report. Other participating investors include Cure.fit, Tanglin Venture Partners, and Endiya Partners. The fresh capital will be used to expand Sugar.fit’s product…
Vridhi Home Finance, a housing finance lender, has raised Rs 150 crore in its maiden round of funding from venture capital firm Elevation Capital, according to the ETtech report. With the fresh funding, the lending startup wants to scale up operations, raise credit lines from larger lenders and enter into new geographies, a statement said.…
KKR, a global investment firm, announced the successful completion of the previously announced acquisition of Simon & Schuster from Paramount Global in a $1.62 billion all-cash transaction. With the closing of the deal, Simon & Schuster is now a standalone private company, and the only independent major trade publisher in the U.S. It continues to be led by Jonathan Karp, President and…
NP Digital, a global leader in end-to-end performance marketing, unveils its newest European office in the Netherlands under the leadership of Joris Garritsen as managing director. The agency, which has opened four other offices in Europe this year, brings a suite of performance marketing solutions to Dutch brands. Solutions in the region are tailored to…
KKR, a leading global investment firm, and the parent company of OMS Group, a leading telecom infrastructure company and provider of subsea cable services, announced the signing of definitive agreements under which KKR will commit $400 million in a tailored solution for OMS Group. This marks KKR’s latest digital infrastructure investment in Southeast Asia, underlining its conviction in the role…
Global supply chain solutions leader, AIT Worldwide Logistics, has opened two new locations in Southeast Asia, one in Penang, Malaysia, and another in Singapore. With the addition of these offices, AIT’s geographic footprint in Asia has expanded to six countries, supporting customers that continue to diversify sourcing of components and finished goods, a statement said.…
Education technology firm Techmaghi has received a funding of Rs 20 lakh from startup-supporting LJ Knowledge Foundation, according to PTI report. It would take forward the Kerala-based company’s mission to bridge the gap between industries and educational institutions through up-skilling courses that meet the demands of a modern workforce, a statement said here on Saturday.…