Fintech firm Money View has raised $75 million in a funding round led by UK-based asset manager firm Apis Partners, according to the PTI report. Venture Capital Tiger Global, Winter Capital and Evolvence also participated in the funding round, which valued the Bengaluru-based fintech company at $900 million (about Rs 7400 crore), Money View said…
Akulaku, a leading banking and digital finance platform in Southeast Asia, announced a $200 million investment from Japanese megabank Mitsubishi UFJ Financial Group (MUFG). The investment provides additional support for Akulaku’s projected growth as it advances towards its mission of providing banking services across Southeast Asia with an emphasis on reaching underserved customers and markets. The Company’s future growth…
Hindustan Aeronautics Limited (HAL) announced the appointment of T Natarajan as Part-time Official Director (Government Nominee Director), with effect from December 23, 2022. According to the company’s exchange filing, “we would like to inform that Ministry of Defence, Department of Defence Production, Government of India vide Letter No. 8(32)/2019-D(000rd/DDP) dated 23rdDecember, 2022, has appointed Shri…
Samaaro, a B2B event-marketing SaaS platform has raised seed funding round, led by SucSEED Indovation Fund with participation from Silver Needle Ventures Fund, The Chennai Angels, Lead Angels, Ankit Mehrotra (Founder, Dineout), Khalid Qazi (VP, Swiggy) and other eminent angel investors. The round also saw follow-on participation from the existing angels of their last round…
Grindwell Norton Ltd., (GNO) the oldest and the largest Abrasive manufacturer in India and part of the Saint-Gobain Group, commissioned its Paper Maker manufacturing plant in Bengaluru. Under Atmanirbhar Bharat, the Paper Maker plant’s manufacturing capabilities presents a huge opportunity to introduce “Make in India” products that are innovative and have cutting edge technology, a…
Co-working major WeWork India said it has raised Rs 550 crore from funds managed by BPEA Credit. The amount will be used for future growth and potential consolidation opportunities, according to PTI report. WeWork India has a portfolio of around 70,000 desks spread over 6 million square feet area in 41 centres across Bengaluru, Mumbai,…
Ashu Shinghal, Executive Director, GAIL took over charge as Managing Director of Mahanagar Gas Limited on 23rd December 2022, according to ETEnergyWorld report. Shinghal is a Mechanical Engineering graduate from NIT, Silchar and also holds a Master’s degree in Business Administration (MBA), with specialization in Operation Management. Before joining, he was heading Corporate Strategy, Planning…
Noise, a connected lifestyle tech brand, announced it has roped in Smeer Chopra as the Chief Financial Officer of the company. In this role, Chopra will be responsible for driving strategic initiatives around financial controllership, business partnership, financial planning and cost optimisation. He will work closely with the founders to identify the right opportunities for…
Retail footwear brand, Khadim India Limited, announced that Namrata Ashok Chotrani has resigned from the role of Chief Executive Officer of the company. According to the company’s exchange filing, “Pursuant to Regulations 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that…
Ambuja Cements, the cement and building material company of Adani Cement, part of Adani Group wins the National Award for Energy Excellence in Indian Cement Industry, under the Grinding Category for the measures adopted in improving energy efficiency at the Roorkee plant. The award instituted by the National Council for Cement and Building Materials was…
Mary Kay announced its sustainability strategy – Enriching Lives Today for a Sustainable Tomorrow – which encompasses five pillars, 15 commitments, and over a decade of action. This strategy was developed with Mary Kay’s key stakeholders and is aligned with the United Nations’ Sustainable Development Goals, making Mary Kay an essential part of a global coalition…
Manappuram Finance Limited, a gold financing company, announced the appointment of Dr. Sumitha Jayasankar and Veliath Pappu Seemanthini to its Board of Directors. “Dr. Sumitha Jayasankar has been appointed as an Additional Director (Executive) on the Board of the Company with effect from January 01, 2023; subject to the approval of shareholders at the ensuing…
Coal India Limited (CIL), a state owned Maharatna coal mining company, announced the appointment of Mukesh Choudhary as Director (Marketing) on the company’s Board of Directors, with effect from December 23, 2022. According to the company’s exchange filing, “Ministry of Coal vide letter no. 21/27/2021-ESTABLISHMENT dated 22nd Nov’2022 has appointed Shri Mukesh Choudhary as Director…
Advent International (Advent), a global private equity investors, has entered into a definitive agreement to acquire significant stake in Suven Pharmaceuticals(Suven Pharma or Suven) from the Jasti family, subject to regulatory approvals and conditions. Post the completion of this landmark acquisition, Advent intends to explore the merger of its portfolio company, Cohance Lifesciences (Cohance) with…
Tredence, the Data Science and AI Solutions company, announced it has raised USD 175 million in Series B funding from Advent International (Advent) to accelerate data-fueled growth and AI value realization for industries. Advent is one of the largest and most experienced global private equity investors. Advent will acquire a minority stake in Tredence with…