Thomas Cook (India) Ltd., India’s leading integrated travel and travel related financial services company, today announced it has signed an agreement with AlixPartners, Thomas Cook UK’s appointed Special Managers, to acquire the rights to the Thomas Cook brand in India, Sri Lanka and Mauritius for a one-time payment of GBP 1.5 Million (approximately Rs. 139…
Category: News
Shadowfax announces $60mn financing round led by Flipkart group
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E-commerce marketplace Flipkart has announced a strategic minority investment in Shadowfax, a full-stack logistics platform founded in 2015. The investment is part of a $ 60 million Series D funding that Shadowfax received from Eight Roads Ventures, NGP Capital, Qualcomm Ventures, Mirae Asset Naver Fund, and World Bank-backed IFC. These funds will enhance the tech…
CarDekho raises $70 million in Series D round
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CarDekho, India’s leading car search venture, has raised $70 million in Series D round funding led by Ping An Global Voyager Fund. With this latest round, CarDekho has managed to raise more than $250 million in funding to date. The company was founded by Amit Jain in 2008. Apart from Ping An Global Voyager Fund,…
Bharti Airtel approves a recharge of $ 3 billion via debt and equity
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The board of Bharti Airtel Ltd has approved the proposal to raise $3 billion dollars. The funds will be raised through various modes including Qualified Institution Placement (QIPs), stake sale and debt papers. As per the Company’s exchange filing on Wednesday, out of the $3 billion, $2 billion will be raised via equity and the…
Pennar Industries grabs orders worth Rs 302 Crore
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Pennar Industries Limited, a leading value-added engineering products and solutions company today announced that it has bagged orders worth INR 302 crore across its business verticals during the month of November 2019. The Railways division received orders from customers such as Integrated Coach Factory, MCF, TI, Universal Engineering and Texmaco. The Pre-engineered building division received…
Smart Institute secures $1.5 million from HNIs
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Smart Institute, a part of Shahani Group, has raised $1.5 million in funding from a group of HNI Investors and Family Offices led by ah!Ventures. The company is also planning to raise another round of funding next year. The company was founded by Akhil Shahani & Maya Shahani in 2008. The company is planning to…
iMerit ranks 20th – Deloitte Technology Fast 50 India 2019
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iMerit Technology Services Pvt. Ltd, a leading data enrichment company operating in the Artificial Intelligence and Machine Learning ecosystems has ranked 20th on the Deloitte Technology Fast 50 India 2019, a ranking of the 50 fastest growing technology companies in India. Rankings are based on percentage revenue growth over three years. iMerit CEO Radha Ramaswami…
Wipro’s newly launched Cybersecurity Defence Centre to create jobs in Melbourne
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Wipro Limited is a leading global information technology, consulting and business process services company, today announced the launch of its NextGen Cyber Defence Centre (CDC) in Melbourne, Australia. With the launch of this centre, Wipro aims to make substantial investments to upskill its employees, hire more local resources and generate more than 100 jobs in…
Cipla Foundation and Sikkim Govt to bring Science Education closer to students
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Further strengthening its purpose to support quality education to every child, Cipla Foundation, the social responsibility arm of Cipla Ltd, launches the second Mobile Science Lab (MSL) with its implementing partner, Agastya International Foundation. This innovative project revolutionizes rural education and makes hands-on learning increasingly accessible. It is a fun, engaging and interactive channel that…
FIPI Names Cairn Oil & Gas, Vedanta Ltd as “Digitally Advanced Company of the Year 2019”
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Cairn Oil & Gas, Vedanta Ltd., India’s largest private oil and gas exploration and production company, was named the “Digitally Advanced Company of the Year” at the Federation of Indian Petroleum Industry (FIPI) Annual Summit & Awards 2019 on Monday, 2 December 2019. The award was presented to Cairn Oil & Gas based on its…
Indian start-ups bag heavy at Y Combinator
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Y Combinator, the Silicon Valley start-up accelerator has picked 28 Indian start-ups for its 2019 winter batch, which is more than double of their earlier batch from India. Last year the strength was at 12 for its summer batch, said sources familiar with the development.* This is a significant increase from the past few years…
SHL completes acquisition of Aspiring Minds
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SHL, the world leader in talent innovation, announces today that it has completed the acquisition of Aspiring Minds. SHL offers the largest and most valid database of human potential coupled with a history of scientific rigor, and has now added Aspiring Minds’ proven, AI-powered suite of assessment and interviewing tools, creating the most comprehensive and…
GAIL awarded as the “Project Management Company of the Year” 2019 by Hon’ble Minister of Petroleum & Natural Gas and Steel
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GAIL (India) Limited has been awarded the “Project Management Company of the Year” for successfully completing phase- I of the Pradhan Mantri Urja Ganga Pipeline Project. The award was given by Hon’ble Union Minister of Petroleum & Natural Gas and Steel, Dharmendra Pradhan to GAIL CMD & Director (Projects), Dr. Ashutosh Karnatak accompanied by Director…
Wipro to enter African consumer care market with Canway
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In an attempt to foray into the African consumer care market, Wipro Consumer Care and Lighting(WCCL) has acquired South-African company Canway Corporation for an undisclosed amount.
Infinity Transoft raises undisclosed investment from Paytm
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Paytm, an Indian e-commerce payment system and financial technology company have invested an undisclosed amount in Infinity Transoft Solutions, a Rajkot-based bus ticketing technology startup. Infinity Transoft Solutions was founded by Bhavesh Gadhethariya in 2004. It is understood that the company will use the funds in business growth and expand its team. In a media…