Global AI and analytics leader SAS has acquired Honolulu-based Kamakura Corporation. Kamakura provides specialized software, data and consulting that helps financial organizations across the spectrum – banks, insurance companies, asset managers, pension funds and more – manage a variety of financial risks, a statement said. “This acquisition is an extension of tremendous investments already made…
Onex Corporation announced Ronnie Jaber and Sandeep Alva have been named Co-Heads of Onex Credit. Jaber and Alva are proven leaders within Onex Credit and have played a critical role in the business as it executes on its ambitious growth plan, a statement said. “Ronnie and Sandeep are seasoned and successful investors with a strong vision…
L&T Technology Services Limited, a global engineering services company, inaugurated its Engineering Design Centre (EDC) in Toulouse, France, to initially cater to the new age digital requirements of the global aerospace and defence sectors. The EDC will initially focus on developing cutting-edge solutions for the aerospace and defence industries and LTTS will work with major…
SMC Global Securities Limited announced the re-appointment of Mahesh Gupta as Managing Director of the company, with effect from September 1, 2022. According to the company’s exchange filing, “we wish to inform you that the Members at the 28 Annual General Meeting held today i.e. 25% June, 2022 has approved the re-appointment of Mr. Mahesh…
Welspun Corp Limited announced the appointment of Arun Todarwal as Lead Independent Director on the company’s Board, with effect from July 1, 2022. He succeeds K.H. Viswanathan, who has resigned from the role of Lead Independent Director, w.e.f July 1, 2022. According to the company’s exchange filing, “we wish to inform you that the Company…
Cipla Limited (Cipla) announced that it has agreed to acquire additional stake for INR 25.90 cr. in digital tech company GoApptiv Private Limited (hereinafter referred as “Goapptiv”) and post completion of the deal, Cipla’s total stake in GoApptiv will increase to 22.02% on a fully diluted basis. The investment will be made in equity shares…
Edtech company Genius Group Limited announced the appointment of Rav Karwal as Chief Revenue Officer of the Company, effective June 29, 2022. Karwal is an entrepreneurial executive with a successful track record leading revenue, sales, and other go-to-market strategies at early to later-stage tech ventures, including HGM, Hyrecar, Exela, Apprion, and Scholasti Soft. During his…
Otis Worldwide Corporation announced the appointment of Anurag Maheshwari as Executive Vice President & Chief Financial Officer, reporting directly to Otis Chair, CEO & President, Judy Marks. Effective August 12, Maheshwari will succeed Rahul Ghai, who has accepted a position outside Otis. “Anurag has championed our long-term strategy and understands how to drive growth and shareholder value. He has successfully led our finance…
Hyderabad based conglomerate INCOR Group and Renovis Labs, have entered into a new JV ‘INCOR Renovis’. The new company will focus on developing cost effective and green technologies in the areas of Human health, Animal health and Agriculture and will work towards making India self-reliant in manufacturing medicines under the AatmaNirbhar Bharat Abhiyan. One of the major problems…
Fine Organics Industries Limited, a manufacturer of oleochemical-based additives in India, announced the appointment of Nikhil Kamat as a Whole-time Director on the company’s Board, with effect from June 27, 2022. According to the company’s exchange filing, “we wish to inform you that the Board of Directors of the Company, at its meeting held today,…
Asia Pacific’s premier corporate services provider, Acclime, has announced its strategic expansion into India with the acquisition of leading corporate services consultancy, Concept International Business Consulting (CIBC). This deal and identification of the right partner has been facilitated with India’s Wodehouse Capital as their strategic advisor. Acclime is the premier corporate services provider in Asia, operating in…
Kitchen appliances company TTK Prestige announced the progress on strategic investment and business collaboration with Ultrafresh, an end-to-end modular kitchen solutions provider. The initiative ties-in with TTK Prestige’s overall goal of becoming a total kitchen solutions brand. TTK Prestige has taken a strategic stake of over 40% in the equity Ultrafresh to forge the business…
Swedish multinational engineering company Sandvik has signed an agreement to acquire 100% of the equity interests of the Portugal-based company Frezigest, SGPS (Frezite). The company will be reported within Walter, a division within Sandvik Manufacturing and Machining Solutions, a statement said. “With the acquisition of Frezite, we take another important step in our shift to growth…
Kentucky Fried Chicken (KFC) announced that Tarun Lal has been named President of KFC U.S., effective July 15, 2022. Lal is currently managing director (MD) of the KFC Middle East, Pakistan, Turkey, Africa and India markets and is a 25-year KFC brand veteran. He will report to Dyke Shipp, KFC Division President, and relocate to the KFC U.S. headquarters in Louisville, Ky. “Tarun…
Dr. Reddy’s Laboratories Ltd. announced that it has acquired a portfolio of branded and generic injectable products from Deer Park, Illinois, based Eton Pharmaceuticals, Inc. The portfolio includes the Biorphen (phenylephrine hydrocholoride) Injection and Rezipres (ephedrine hydrochloride) Injection NDAs with nine separate combinations of strengths and presentations and one firstto-file approved ANDA for Cysteine Hydrochloride…