Category: News

Roma Balwani takes charge as CEO and Brand Custodian of India Deaf Cricket Association (IDCA)

Indian Deaf Cricket Association (IDCA), the governing body for deaf cricket in India, has appointed the award-winning communication specialist, Roma Balwani as its CEO & Brand Custodian effective from July 2022. Balwani started her leadership journey in the nineties, from 2000 onwards and in a span of over three decades she has significantly contributed to the…

B2B Edtech platform UOLO ropes in Ex-Paytm Money Founding Member Mohit Gupta as Head of Monetization

UOLO, an edtech platform that brings high-quality, affordable products to K-12 students via their schools, has announced the appointment of Mohit Gupta as Head of Monetization. In his capacity, Mohit will be responsible for leading business operations to make edtech simple, easy, and accessible to millions of Indian students with UOLO, a statement said. Gupta…

Hashtag Orange ropes in Ex-FabIndia Head of Digital and Social Advocacy Gauri Awasthi as Chief Digital Officer

Hashtag Orange, a digital marketing solutions provider, has appointed Gauri Awasthi as Chief Digital Officer. Gauri will be responsible for managing client relationships, social media, SEO, and the generation of digital revenue.  Gauri has over 20 years of rich and rewarding experience working with prestigious companies such as Fabindia, Amazon, Samsung, and HCL. She played…

Global Carbon and Environmental Commodities Exchange Platform Xpansiv Raises $400M Investment From Blackstone

Blackstone announced that funds managed by Blackstone Energy Partners (Blackstone) have committed $400 million to lead a strategic investment in Xpansiv Limited (Xpansiv), the premier market-infrastructure platform for global carbon and environmental commodities.  Xpansiv connects buyers and sellers of environmental commodities and provides market data for voluntary carbon offsets, renewable energy credits (RECs), and low-carbon…

German automotive supplier Schaeffler to buy Ewellix for $594 mln

German automotive supplier Schaeffler has agreed to buy Sweden’s Ewellix Group from investment company Triton for about 582 million euros ($594 million), according to Reuters report. Schaeffler said the purchase continues the expansion of its industrial division and is expected to lift earnings in 2024. Ewellix, which makes components including telescopic lifting columns, employs nearly…

Adobe appoints Venu Juvvala to lead its digital experience business in India

Adobe announced the appointment of Venu Juvvala as Head of Digital Experience Business for India. Venu will report to Prativa Mohapatra, Vice-President & Managing Director, Adobe India. In a career spanning over 25 years, Venu has managed complex businesses across industries and developed business segments within organisations with tremendous success. He joins Adobe from Salesforce…

Private equity fund Xponentia bags Rs 365cr in 1st close of second fund

Xponentia Capital Partners, a mid-market focused private equity fund, has raised Rs 365 crore towards the first close of its second fund – Xponentia Opportunities Fund 2, according to ETtech report. The capital has come from Indian corporates, family offices and High Net-worth Individuals with most investors in its first fund doubling down, the report…

European quantum computing leader IQM raises €128m led by World Fund to help combat the climate crisis

IQM Quantum Computers (IQM), the European leader in building superconducting quantum computers, is announcing it has raised €128 million ($128m) in Series A2 funding led by World Fund to expand its international business and accelerate product development to tackle the world’s most pressing problems. The funding, which follows a €39m ($39m) Series A1 announcement in 2020…

Cargill and Continental Grain complete acquisition of Sanderson Farms

Cargill and Continental Grain Company announced the completion of the previously announced acquisition of Sanderson Farms, Inc. by a joint venture between Cargill and Continental Grain. The acquisition was announced on August 9, 2021. Sanderson Farms shareholders are receiving $203.00 per each share of common stock they owned as of immediately prior to the completion of the transaction.…

Theator extends Series A funding with additional $24M for a total of $39.5M

Theator, the creator of Surgical Intelligence, announced that it has raised $24M in an extension of its Series A funding round. This extension follows an initial $15.5M Series A round announced in February 2021, bringing the round total to $39.5M. The extended funding round was once again led by Insight Partners with support from existing investors including Blumberg Capital, Mayo Clinic, NFX,…

Vodafone Idea elevates Akshaya Moondra as CEO; to succeed Ravinder Takkar

Telecom firm Vodafone Idea announced the elevation of present chief financial officer Akshay Moondra as its new chief executive officer with effect from August 19, the company said in a regulatory filing. The company’s present managing director and chief executive officer Ravinder Takkar will continue to be on the board of the company as a non-executive and…

Novelis signs cooperation agreement with Airbus

Novelis Inc., a provider of sustainable aluminum solution and a global leader in aluminum rolling and processing, announced it has signed a partnership agreement with Airbus to enable closer collaboration between the two companies will help develop aluminum solutions for tomorrow’s aircraft. This agreement, based on a strong partnership between Novelis and Airbus, will accelerate…

Instacart appoints CEO Fidji Simo to Chair of the Board; Founder & Executive Chairman Apoorva Mehta to Transition off the Board when Instacart becomes a Public Company

Instacart, the grocery technology company in North America, announced that Chief Executive Officer Fidji Simo has been appointed as Chair of the Board of Directors, effective upon Founder & Executive Chairman Apoorva Mehta’s transition off the Board once Instacart becomes a public company. Simo joined Instacart as CEO in August 2021, and since then, has charted a new chapter…