Kirloskar Industries Limited (KIL), made an announcement of the proposed divestment of its 17.41% stake in Swaraj Engines Limited (SEL) to Mahindra &Mahindra Limited (M&M) on September 21, 2022. The divestment is proposed through inter-se transfer amongst the promoter through off-market transaction under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations,…
Evenflow, India’s leading e-commerce roll up, announced the appointment of Ramesh Bafna, ex-Myntra and current CFO at CoinSwitch Kuber as its strategic investor and advisor. With over two decades of experience involving finance, business and audit leadership roles in top e-commerce and IT companies, the likes of Myntra, Flipkart and Wipro respectively, Ramesh would play…
TRF Limited, a Tata group company engaged in bulk material handling, announced the appointment of Umesh Kumar Singh as Managing Director of the company, with effect from October 1, 2022. He succeeds Alok Krishna, who has resigned from the role of MD, with effect from September 30, 2022. According to the company’s exchange filing, “Based…
Tata Metaliks Limited announced the appointment of Alok Krishna as Managing Director and Additional Director on the company’s Board, with effect from November 1, 2022. He succeeds Sandeep Kumar, who has decided to step down from the role of MD, with effect from October 31, 2022. An Electronics Engineer by education, Alok Krishna (54) joined…
Reliance New Energy Limited (RNEL), a wholly owned subsidiary of Reliance Industries Ltd (Reliance), has signed definitive agreements to invest in Caelux Corporation (Caelux), a company headquartered in Pasadena, California, in the United States of America, engaged in the development of perovskite-based solar technology. RNEL will invest USD 12 million to acquire 20% stake in…
Binocs, the crypto taxation and Web3 portfolio tracking platform, announced raising $4 million in its seed round from global institutional investors led by BEENEXT, along with Arkam Ventures, Accel, Saison Capital, Premji Invest, Blume Ventures, and Better Capital. The company is also backed by several stellar crypto-native angel investors from the US and India. Binocs,…
Audio streaming startup Kuku FM announced it has raised $21.8 million in funding led by Nandan Nilekani’s venture fund Fundamentum Partnership, according to ETtech report. Kuku FM is Fundamentum’s first investment from the recently launched $227-million second fund. ET had reported last month that the new fund was primarily sourced from local entrepreneurs and their…
With over 70 years of experience in the local and international market, the Swiss-born engineering company Pini Group has now acquired Geodata – a geoengineering company founded in Turin in 1984 and active in 20 countries, with subsidiaries in Italy, Algeria, Argentina, Australia, Bolivia, Brazil, Canada, Chile, Ecuador, Greece, India, Malaysia, Nepal, Portugal, Peru, and Turkey, which is mainly involved in underground and hydro-related…
India’s broadcast network, Times Network, has announced the appointment of Rohit Chadda as President and COO – Digital Business and Vinay Sarawagi as Senior Vice President – Digital Content. In his new role, Rohit Chadda will lead the digital operations of the network and oversee product strategy, audience development & operations planning for the digital businesses. He will also…
Harappa Learning – part of Asia’s largest higher edtech company upGrad, today unveiled plans to create a one-of-its-kind Leadership School to build the Owners & top management of tomorrow. Pramath Raj Sinha, Founding Dean of ISB & Chairman of Harappa Education and someone who has transformed management education, will lead this initiative that commits to training over 50,000 working…
Hospitality platform AvantStay has appointed Ankur Jain as Chief Financial Officer. Jain joins AvantStay as a seasoned finance and startup executive with more than a decade in the real estate sector, including his previous roles as CFO of Better Place Forests (BPF); CFO and Founding Team Member at Mynd; and Vice President of Finance of Starwood Waypoint…
TIAA Global Business Services (GBS) India, the Global Capability Center of TIAA, a provider of secure retirements and outcome-focused investment solutions, appointed Oindrila Majumdar as the new Chief Executive Officer, effective Monday, Oct. 3. She will report to Sastry Durvasula, Chief Information and Client Services Officer at TIAA. TIAA is accelerating its strategy to lead in lifetime income, delight its…
Salesforce, the global leader in CRM, today announced the appointment of Robin Washington as Lead Independent Director of the Company’s Board of Directors, effective September 15, 2022. Washington, who also chairs the Board’s Audit Committee, succeeds Sanford Robertson, who will continue to serve as a Director and Chair of the Nominating and Corporate Governance Committee, a statement said. Washington…
Kirloskar Oil Engines Limited (KOEL), a leader in the manufacturing of diesel engines, agricultural equipment, and generator sets with a sizable presence in international markets, announced that it will acquire balance stake in La-Gajjar Machineries Private Limited (LGM), Ahmedabad. KOEL had acquired 76% stake in LGM in the year 2017 with an agreement that the…
Azure Power, a sustainable energy solutions provider and renewable power producer in India, announced Shweta Srivastava as its Chief Human Resource Officer (CHRO). In her new role, Shweta will be responsible for leading human resource strategy in support of the overall business plan and strategic direction of the Company, specifically in the areas of succession…