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…
The Competition Commission of India (CCI) approves acquisition of shares in My Home Industries Private Limited by My Home Constructions Private Limited and its affiliates. The proposed combination envisages acquisition of 50% of the shareholding of My Home Industries Private Limited (My Home Industries) by My Home Constructions Private Limited (MHCPL), Jupally Real Estate Developers…
Studypad, the popular game-based learning company with over 30 million users globally, announced that they have brought Ashish Dua on board as Vice President of Product Management. The company was founded by Arpit Jain in 2010. Arpit Jain, CEO and co-founder of Studypad, said, “We are confident that Ashish’s proven track record and extensive experience…
Students of Chandigarh University have bucked the fears of an economic slowdown as the university has registered record number of recruitments by top notch multinationals during the first phase of campus placements for the batch 2020. More than 4000 offers have been made till date in the first phase of the campus placements for Engineering,…
Adani Logistics Limited , a wholly owned subsidiary of Adani Ports and SEZ Limited, today announced it has signed definitive agreements to acquire 40.25% stake in Snowman Logistics Ltd. from Gateway Distriparks Ltd. The purchase price of INR 44 / share represents a 3.2% premium to the market price of December 27, 2019 and a…
XpressBees, an end-to-end supply chain solutions, seeks to raise $10 million in its Series D round from its existing investor, Alibaba. The company was founded by Supam Maheshwari and Amitava Saha in 2015. Earlier, XpressBees had raised $157.6 million in six funding rounds. The company will utilize these funds for growth and expansion of its…
Ather Energy, a smart electric scooter start-up, has appointed Deepak Jain as the chief financial officer. In 2010, Jain joined Apple India as the CFO and led the finance team during a period of rapid growth for five years.
Reliance Infrastructure won Arbitration award of Rs 350 crore, including interest, against Government of Goa. The matter went into arbitration when Goa state utility delayed payments to Reliance Infrastructure for power supplied from its 48 MW-Goa Power Plant in Sancoale. The Arbitration Tribunal, on February 16 2018, had ordered the Government of Goa to pay…
Shalimar Paints’ Chief Financial officer (CFO) Sandeep Gupta has resigned w.e.f 27 December 2019. The announcement was made in the company’s exchange filing. At the same time, the company has announced the appointment of its new CFO Ashish Kumar Bagri. The Indian paint manufacturer, Shalimar Paints is engaged in the manufacturing and marketing of decorative…
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…
According to new market research report by Mordor Intelligence, the market for Digital Signage is expected to grow at a CAGR of 8% during the forecast period. The growth in transport networks, public infrastructure, and new commercial buildings, particularly in developing economies is creating more opportunities in this market.
Aye Finance, a new-age finance company providing business loans to small and micro enterprises, has raised Rs.107 crore in debt funding from Swiss-based impact investor BlueOrchard. The company was founded by Sanjay Sharma and Vikram Jetley in 2014. The company plans use these funds to extend affordable and customised credit solutions to the base-of-the-pyramid businesses…
Ruangguru, an Indonesia based online education platform, has raised $150 million in Series C round funding led by General Atlantic, and GGV Capital. Existing investors and a number of new investors also participated in the round. The company was founded by Adamas Belva Syah Devara and Iman Usman in 2014. The investment helps solidify Ruangguru’s…
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…