Poonawalla Fincorp Limited in its board meeting approved sale of its housing subsidiary Poonawalla Housing Finance Limited to TPG (Perseus SG Pte. Ltd., an entity affiliated with TPG Global, LLC) at a valuation of INR 3,900 Crores, subject to regulatory approvals. The transaction will maximize the shareholders’ value in the long term as Poonawalla Fincorp…
Sunil Kumar Alagh, former managing director and chief executive officer of Britannia Industries, will be joining as a strategic advisor to VIP Clothing Ltd, the leading innerwear brand in India. After Britannia, Alagh founded a consulting firm, SKA Advisors, which advises clients on marketing strategies. He was appointed as the President of the All India…
NHPC Limited, India’s premier hydropower utility and a Miniratna PSU under the Ministry of Power, announced it has named Rajeev Kumar Vishnoi, CMD, THDC India Limited, as Chairman & Managing Director of the company, with effect from September 1, 2022. According to the company’s exchange filing, “it is to inform that Ministry of Power (MoP),…
Aurionpro Solutions Limited, a technology products company, announced it has appointed Dr. Rajeev Uberoi as Additional Director in the category of Non-Executive and Independent Director on the company’s Board, with effect from December 14, 2022. According to the company’s exchange filing, “This is to inform you, that pursuant to Regulation 30 of the SEBI (Listing…
MetLife China CEO, Siyi Sun, joined the elite ranks of top business leaders in China named to Fortune China’s 2022 Most Powerful Women (MPW) List. Fortune China selected the leaders based on their ability to use their influence to make a difference in their organizations, industry and society; their organization’s social and cultural impact in…
Trioscope, the groundbreaking entertainment and technology company behind Netflix’s The Liberator, announced it has closed the first tranche of bridge financing, led by KRAFTON, Inc., a collective of independent development studios that invests across multimedia entertainment. Recognized for introducing a whole new lane of hybrid entertainment that fuses live action with CG to create compelling visual worlds, Trioscope will…
MYRE Capital, a Neo-Realty investment platform has announced the appointment of Nitin Virmani as Head of Marketing. With this move, MYRE Capital aims to strengthen its leadership team and achieve its goal of democratizing commercial real estate investments for retail as well as HNI investors. Nitin is a seasoned marketing professional with expertise largely in…
Blod.in, a health-tech startup based in Chennai, secured an undisclosed amount in pre-seed funding. The deal was facilitated by Tamilpreneur, led by Shyam Siddarth, Founder & CEO and Praveen Krishna, Co-founder & CMO. Prabhu Rangarajan (Co-Founder of M2P Fintech), Mohan K (Co-Founder/CEO of IppoPay),Vijay Pravin (Co-Founder/CEO of bitsCrunch), Ashok Vardharajan (CTO of bitsCrunch), Savitha Ramasamy (Senior Scientist, Institute for…
Ambuja Cements, the cement and building material company of Adani Cement, part of Adani Group wins the ‘Federation of Indian Chambers of Commerce & Industry (FICCI) CSR Award 2020-2021’ in the ‘Women Empowerment Category’. Ambuja Cement has been felicitated with this prestigious award by the Honourable Union Tribal Affairs Minister – Shri Arjun Munda in…
Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, announced that their investment of Rs. 10,000 Crore for electric vehicles has been approved under the Maharashtra Government’s industrial promotion scheme for Electric Vehicles. The company, through its subsidiary, will make investments of approx. Rs. 10,000 Crore over a period of 7-8 years…
MediWound Ltd., a fully integrated biopharmaceutical company focused on next-generation biotherapeutic solutions for tissue repair and regeneration, announced it has gained marketing approval of NexoBrid in India. MediWound has signed an agreement granting Bharat Serums and Vaccines Limited (BSV), a leading biopharmaceutical company in India, the exclusive right to market and distribute NexoBrid in India for…
Accenture has made a strategic investment, through Accenture Ventures, in BehaVR, a leading innovator in virtual reality (VR) digital wellness and digital therapeutics experiences. On the same day, BehaVR announced a merger with OxfordVR, a spin-out of Oxford University and a leader in science-based virtual reality treatments for serious mental illnesses. The newly combined entity will offer comprehensive, cross-acuity, VR-based therapeutic…
With an intent to bridge the gap of unemployment in India, Awign – India’s largest on-demand work fulfilment platform, has signed a Memorandum of Understanding with Logistics Sector Skill Council (LSSC), an organization set up by the Ministry of Skill Development and Entrepreneurship (MSDE) through National Skill Development Corporation of India. The collaboration aims to…
Organon, a global women’s healthcare company, announced that Kirke Weaver has been appointed General Counsel and Corporate Secretary, and will continue as a member of Organon’s executive leadership team, effective January 1, 2023. Weaver was named as the interim head of the Office of General Counsel and Corporate Secretary in July 2022. Weaver brings nearly…
Prime Focus Technologies (PFT), the technology arm of Prime Focus, announced that Suresh Sugumaran has joined the organization as Senior Vice President (SVP) in Europe, Middle East, and Africa (EMEA) Region. Sugumaran is a 23-year industry veteran with a background across segments, including media, technology, and telecom. As SVP, Sugumaran will oversee PFT’s business in EMEA, ensuring the company continues to…