Housing finance company HomeFirst has further diversified its borrowing sources with the latest fund raise from IFC, through the issuance of INR denominated, senior secured, rated, unlisted, redeemable Non-Convertible Debentures with a tenor of up to seven years. The proceeds will be utilized to provide financing for retail buyers of affordable housing and green affordable…
Axiscades Technologies Ltd., an end-to-end technology and engineering solutions company, announced that it has completed the acquisition of Mistral Solutions Private Ltd., a leader in Semiconductor, Embedded Electronics, Defence and Product Engineering capabilities. The acquisition, which was initiated in the year 2017, was executed over 4 phases at an aggregate acquisition cost of INR 296…
Indus Towers Limited (Formerly Bharti Infratel Limited), India’s largest mobile tower installation company, announced the appointment of Prachur Sah as Managing Director and Chief Executive Officer of the company, with effect from January 3, 2023. According to the company’s exchange filing, “the Board of Directors of the Company in their meeting held on December 22,…
MSC Group announced that its wholly owned subsidiary SAS Shipping Agencies Services has completed the acquisition of Bolloré Africa Logistics. The transaction has been approved by all relevant regulatory authorities. MSC’s acquisition of Bolloré Africa Logistics SAS and its subsidiaries (“Bolloré Africa Logistics Group”) underscores MSC’s long-term commitment to investing in African supply chains and infrastructure…
Proptech unicorn NoBroker announced it is expanding its team across functions by hiring top tech talent. The company recently hired over 30 freshers from IIT for its Android, iOS, engineering, frontend, backend, and design teams, and marketing roles. The development comes at a time when tech start-ups, both in India and abroad, are either laying…
Tata Communications, a global digital ecosystem enabler, announced it has entered into a definitive agreement through its wholly owned international subsidiary Tata Communications (Netherlands) B.V. to acquire The Switch Enterprises LLC. New York-headquartered, The Switch is a leading global end-to-end live video production and transmission services provider with reach to top tier sporting venues in North…
Wordvice, an international English editing company, which is a crowd sourcing platform with a patented editor-client matching system, is looking to hire editorial candidates with PhD and advanced degrees from STEM fields in India. Ranked fourth globally with 24,000 doctoral graduates passing out every year in India, Wordvice is looking to capitalize on the huge talent pool…
WNS (Holdings) Limited, a provider of global business process management (BPM) solutions, announced that effective end of day December 31, 2022, Michael Menezes and Gareth Williams will retire from the WNS Board of Directors and step down as Chairman of their respective Committees. Michael and Gareth will retire after having served on the WNS Board…
SuperCluster Pi (House of Brands) has acquired controlling equity in Auravedic, a modern Ayurvedic beauty brand. The brand specializes in combining years of knowledge in Ayurveda with modern technology to bring the best of skincare, with a category leading Kumkumadi oil across marketplaces like Amazon, Nykaa, Purplle, etc. This acquisition will enable SuperCluster Pi to…
Heritage Novandie Foods, a joint venture between Heritage Foods (India) and Novandie Foods (a subsidiary of Andros, France), has announced the appointment of Anmol Choubey as Chief Executive Officer. Anmol brings more than two decades of leadership, growth, sales/marketing and GTM experience to his new role. Anmol’s key focus areas for the near future involve…
Cboe Global Markets Inc., a provider of global market infrastructure and tradable products, announced the appointment of Vikesh Patel as President of Cboe Clear Europe, its leading pan-European clearing house. Patel will join the company in early 2023, subject to regulatory approval. Patel replaces Cécile Nagel, who stepped down from the role in September this year. Patel…
UST, a digital transformation solutions company, announced that it has been presented with 2022 Project Management Institute (PMI) South Asia Award for Project of the Year in the ‘Contribution to Community’ category. Judges recognized UST for its strong corporate social responsibility initiatives dedicated to improving communities and increasing well-being in the areas where it is active. Organized by PMI – one…
BrightNight, a global renewable integrated power company, announced Duane Duclaux has joined its leadership team in the newly created position of General Counsel which will oversee BrightNight’s legal and regulatory responsibilities. BrightNight also announced the departure of Chief Technology Officer (CTO) Ramkumar Krishnan. In his most recent role, Duane was Deputy General Counsel at Castleton Commodities International (CCI)…
India Grid Trust (IndiGrid), India’s first listed power sector infrastructure investment trust (InvIT) and G R Infraprojects Limited (GRIL), one of India’s leading players in Infrastructure sector, have announced a strategic partnership in the Indian Power Transmission sector. A MoU has been signed to jointly bid for identified TBCB (Tariff Based Competitive Bidding) transmission projects…
Kellton, a digital transformation company with over 1800 employees worldwide, announced that Vividh Baru has been appointed as the new SVP & Global Head of Digital Practice. An experienced business leader, Vividh will lead Kellton’s global Digital Practice, encompassing all digital services including Cloud, Data, AI, Web3, a statement said. Vividh is a customer and people-centric…