Engineering services firm Quest Global announced the acquisition of EXB Solutions (EXB) to join forces with its U.S. subsidiary, Quest Defense Systems & Solutions (Quest Defense). This addition expands the company’s capabilities in software and systems engineering with particular focus on quality in execution of design, development, verification and validation for safety and mission critical applications…
GMR Coal Resources Pte Ltd (GCRPL), a stepdown subsidiary of GMR Power and Urban Infra Limited (GPUIL), has entered into definitive agreements to divest the 30% equity stake it holds in PT Golden Energy Mines Tbk (PT GEMS) to PT Radhika Jananta Raya (Purchaser) a subsidiary of PT ABM Investama Tbk (ABM), following a competitive…
Accenture has made a strategic investment, through Accenture Ventures, in Pixxel, a leader in cutting-edge earth imaging technology. Based in Bangalore with a presence in Los Angeles, Pixxel is building the world’s highest resolution hyperspectral imaging satellite constellation in order to offer industry AI-powered insights that discover, solve, and predict climate issues at a fraction of the…
MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc., announced that it has entered into a definitive agreement to acquire Affirmative Investment Management (AIM), a specialist global environmental, social and corporate governance (ESG) impact fixed income investment manager with deep capabilities in impact investing, verification, reporting and engagement. As of June 30,…
ACCSCIENT, LLC headquartered in Dallas, Texas, USA, has announced the acquisition of Vyom Group (comprising of Vyom Labs, Cogniwize, and Omnepresent) and DxSherpa, through its parent entity. This acquisition will expand ACCSCIENT’s global presence to over 3,000 technical resources in addition to expanding its reach into the markets of Asia, Europe, the Middle East, and Australia, a statement said. “The addition…
People2.0, the world’s largest global employer of record (EOR) and agent of record (AOR) services platform, announced today that it has acquired Husys, an India-based end-to-end HR consulting and EOR services provider. The transaction marks People2.0’s fifth acquisition in the past year as it continues to expand its global footprint and suite of EOR and…
Hudson Global, Inc. (Hudson RPO), a global total talent solutions company, announced the acquisition of Hunt & Badge Consulting Private Limited (HnB) founded by Pichumani Durairaj. Hunt & Badge is headquartered in Chennai-a leading provider of recruitment services to customers operating in India. Hunt & Badge partners with companies of all sizes, including well-known multinationals, across a variety…
Coforge Limited (COFORGE), a global digital services and solutions provider announced the opening of its center of excellence (CoE) for the Metaverse and Web3. The facility will promote inter-disciplinary research and identify various usecases using the metaverse and its intersection with digital technologies including blockchain, smart contracts, AI, ML, cognitive, data & analytics, and integration…
Nazara Technologies Limited (NAZARA), an India-based diversified gaming and sports media company, announced the acquisition of leading U.S. children’s interactive entertainment company WildWorks earlier today. Nazara will acquire 100% of the company and its IP from existing shareholders in an all-cash transaction. WildWorks revenues were US$13.8 million in CY21 and US$5.8 million in H1CY22, and…
KKR announced the launch of Highways Infrastructure Trust (HIT), a roads infrastructure investment trust (InvIT). HIT is KKR’s third InvIT in India, in addition to Virescent Renewable Energy Trust, India’s first renewable energy InvIT, and India Grid Trust, a leading transmissions InvIT, and marks KKR’s latest development as it scales its infrastructure investment activity in the country. Together, these platforms…
Harvesting Farmer Network (HFN), an agriculture technology platform in India, has raised US$4 million from Social Capital, a Silicon Valley-based technology investment firm managed by Chamath Palihapitiya. This is the first institutional round raised by HFN, which will be used to reach the more than 120 million smallholder farmers across India, as well as explore opportunities in India’s rural markets, a…
Tata Steel signed a Memorandum of Understanding (MoU) on August 26, 2022 with the Government of Punjab for setting up a 0.75 MnTPA long products steel plant with a scrap-based electric arc furnace (EAF). The MoU was signed in the presence of Shri Bhagwant Mann, Hon’ble Chief Minister of Punjab, a statement said. This initiative…
Oasis Fertility announced it has raised $50 million in funding from Kedaara Capital for a significant minority stake in the company, according to The Hindu report. The transaction will provide an exit to InvAscent, which invested in the company in 2016. It also marked Kedaara’s second investment in the single specialty healthcare segment after ASG…
Awign, India’s largest tech-led on-demand work fulfillment platform, raised $15 million in a Series B funding round co-led by Bertelsmann India Investments and Amicus Capital Partners, along with Mynavi Corporation and existing investors – Unitus Ventures, and the Michael & Susan Dell Foundation (MSDF). The advisory for the transaction was led by a private wealth management firm, Client Associates. Awign plans to…
Uno Minda Limited (formerly known as Minda Industries Limited), a Tier-1 supplier of proprietary automotive solutions and systems to original equipment manufacturers (OEMs) is investing around Rs 300 Crores in expanding its manufacturing capacity of 4W Alloy Wheels and 4W Automotive switches to meet rising demand. Minda Kosei Aluminum Wheel Private Limited, one of the…