WNS (Holdings) Limited, a provider of global Business Process Management (BPM) solutions, announced the launch of its newest delivery center in Visakhapatnam (Vizag), Andhra Pradesh. This center will further strengthen WNS’ existing capabilities in delivering digital-first industry-specific solutions for diverse industries, including Shipping and Logistics, Healthcare, Banking and Financial Services, Insurance and High-Tech and Professional…
Accenture has made a strategic investment, through Accenture Ventures, in KETOS, Inc., a data intelligence innovator that uses a proprietary technology platform to help organizations monitor and address water efficiency and quality. KETOS is the latest company to join Accenture Ventures’ Project Spotlight, an engagement and early investment program that connects emerging technology startups with the Global 2000…
Britannia Industries Ltd. (BIL), India’s leading Food Company and Bel, the renowned French cheese maker and major player in healthy snacking, announced that they have entered into a joint venture to offer Indian consumers a world-class range of nutritious, delicious and accessible cheese products. Bel shall acquire 49% stake in Britannia’s wholly owned subsidiary BDPL…
Dynamatic Technologies Limited has a 15-year-long association with one of the world’s leading aerostructure companies, Spirit AeroSystems, and has been producing a large volume of flight-critical assemblies and detail parts for them. Dynamatic Manufacturing Limited, a subsidiary of Dynamatic Technologies Limited, has just signed a long-term contract with Spirit AeroSystems to manufacture detail parts for…
AGIC Capital (AGIC), a growth-oriented private equity firm with $2.2 billion of assets under management, announced that it had acquired a majority stake in ATEC Pharmatechnik GmbH (ATEC). The sellers, ATEC’s founder & CEO, Hans-Werner Mumm, and family-backed Mittelstand investor HANNOVER Finanz Group, will remain invested in the Company, and Hans-Werner Mumm will continue to…
Software provider Prismforce, which helps IT companies digitise their talent supply chain, has raised $13.6 million from investors led by Sequoia Capital India, according to ETtech report. Prismforce said it will utilise the funds to enhance its product suite, strengthen its go-to-market capabilities and grow its talent base. Earlier, Prismforce had raised $1.8 million in…
Hinduja Global Solutions (HGS), a digital-led CX transformation leader for the world’s most admired brands, announced the opening of a new multilingual customer experience (CX) hub in Colombia to support customers with English, Spanish, and Portuguese CX requirements. Located in Barranquilla on the northern coast of the country, the new modern contact center location opens…
Zeon Lifesciences, an Indian nutraceutical and herbal product manufacturer upgrades its Paonta sahib plant to boost production and aims to create more job opportunities with the goal of focusing on new innovations and research advancements in India’s nutraceutical industry. New developments have occurred at the existing plant as a result of plant advancement, such as…
DHL Express, the world’s leading international express service provider, has strengthened its network in the Delhi-NCR region with the expansion of Faridabad service center. Inaugurated by John Pearson, CEO, DHL Express, this is DHL Express India’s eighth service center in Delhi/NCR region and 53rd in the country. The sustained expansion is in line with the company’s commitment…
Locus Robotics, a leader in autonomous mobile robots (AMR) for fulfillment and distribution warehouses, announced more than $117 million in Series F funding, led by Goldman Sachs Asset Management and G2 Venture Partners. As part of the financing, Mark Midle, Managing Director, Goldman Sachs, and Zach Barasz, Partner, G2 Venture Partners, will join the Locus Board of Directors, bringing…
Biocon Biologics Ltd., a subsidiary of Biocon Ltd., announced that it has successfully completed its multi-billion-dollar (USD) acquisition of the global biosimilars business of its partner Viatris Inc. Biocon Biologics and Viatris have obtained all applicable approvals from key global regulators including the U.S. Federal Trade Commission, the Competition Commission of India and the Reserve…
Tata Communications International Pte Ltd., a wholly-owned subsidiary of Tata Communications Ltd., a global digital ecosystem enabler has extended its partnership with Intertec Systems, a leading system integrator in the United Arab Emirates (UAE), to offer managed services in the region. As part of the partnership, Tata Communications brings its Cyber Security Operations Centre (SOC) and managed security…
Micro SME focused fintech startup 4Fin has announced that it has raised strategic seed funding of $1M. The Pune headquartered startup had earlier raised $1.1M in its pre-seed round. The company announced that the funds raised would be primarily used for disbursing loans through its lending arm, for which the entity has recently got an…
Simplilearn, the world’s leading online bootcamp for digital skilling training, announced that it has acquired a U.S.-based bootcamp education company, Fullstack Academy, for an all-cash transaction. This will be the company’s second acquisition after Market Motive in 2015. Simplilearn has grown exponentially by over 60% in the past year and this complementary acquisition will accelerate Simplilearn’s journey to become the largest…
Covvalent, a startup that operates in the B2B speciality chemicals space, has raised $4.3 million in a seed funding round led by Nexus Venture Partners, according to the ETtech report. The startup, founded this year by IIT Kharagpur alumni Sandeep Singh and Arush Dhawan, operates as a tech-enabled managed marketplace for speciality chemicals such as…