Karur Vysya Bank Limited announced the appointment of Meena Hemchandra as Additional Director on the company’s Board, with effect from May 26, 2022. According to the company’s exchange filing, “we advise that in terms of the provisions of Section 161 of the Companies Act, 2013, Board in its Meeting held today i.e., 26th May 2022…
Category: News
Sun Pharma acquires Uractiv portfolio from Fiterman Pharma in Romania
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•Sun Pharmaceutical Industries Limited (Sun Pharma), announced that one of its subsidiaries, S.C. Terapia S.A., Romania has acquired the Uractiv portfolio from Fiterman Pharma in Romania. The Uractiv portfolio comprises food supplements including minerals, vitamins and adjuvants; cosmetics and medical devices used for maintaining urinary tract health. Uractiv is the No. 1 brand in its…
Aurum PropTech approves acquisition of 100% stake in co-living company HelloWorld
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•Aurum PropTech Limited (formerly known as Majesco Limited) has approved the acquisition of 100% shareholding in HelloWorld Technologies India Private Limited for a consideration of INR 38 Crore (‘HelloWorld’), a co-living company, at its Board Meeting held on Wednesday, March 23, 2022. HelloWorld is one of the largest co-living companies in India. HelloWorld provides the…
Marwari Catalysts’ portfolio startup, Yougami by EkSlate raises $100K in its pre-seed round
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•EdTech platform, Yougami (EkSlate) announced the closing of its pre-seed funding round and raises USD 100K with participation from Marwari Catalysts, Ankur Mishra and Dalpat Bhansali and other strategic investors from the ecosystem. According to the company statement, the startup plans to utilise the amount for expanding its product offering, maximizing technology integration for enhanced…
Preql raises $7 mn seed funding led by Bessemer Venture Partners
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•Preql, a no-code data transformation solution, announced that it has raised $7 million in seed funding, led by Bessemer Venture Partners with participation from Felicis, and top founders in the analytics ecosystem including Taylor Brown from Fivetran, Keenan Rice from Looker, Tristan Handy from Dbt Labs, Eldad Fakash from Firebolt, and Benn Stancil from Mode. Preql’s platform allows…
Piramal Pharma Solutions opens a new production block at its Pithampur site
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•The Pharma Solutions division of Piramal Pharma Limited, a leading contract development and manufacturing company (CDMO), announced today that at the company’s pharmaceuticals site in Pithampur, Madhya Pradesh, India, a new production block was commissioned. The new production area, known as the V-Block, can process batch sizes from 150 to 600 kilograms and expands the…
Huhtamaki India appoints Jagdish Agarwal as Additional Director
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•Huhtamaki India Limited announced the appointment of Jagdish Agarwal, Chief Financial Officer, as Additional Director on the company’s Board, with effect from May 26, 2022. According to the company’s exchange filing, “Pursuant to Regulation 30 read with Schedule III (Part A (7) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, please note that Board…
LTTS inaugurates engineering R&D centre in Poland, to hire 300 engineers in the next three years
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•L&T Technology Services Limited (LTTS), a global engineering services company, inaugurated its Engineering, Research and Development (ER&D) centre in Krakow, Poland, which will cater to global customers, leveraging cutting edge technologies in the Automotive, Mobility and Hi-Tech domains. The state-of-the-art centre will mark its expansion into Eastern Europe, contributing to the growth of regional economy,…
Crypto lender Babel Finance closes $80 mn Series B fundraising round
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•Babel Finance, a wholesale crypto financial services provider, announced the completion of an $80 million Series B funding round at a valuation of $2,000. million US dollars. Lead investors in this round include Jeneration Capital and 10T Holdings, as well as existing shareholders Dragonfly Capital and BAI Capital. Other investors include Circle Ventures and several family offices in…
Indus Net Technologies on global expansion path; to hire 2500 in next 3 years with key focus on leadership hiring
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•Indus Net Technologies (INT.), a full stack software engineering solutions company, announced it will invest more than Rs. 100 Cr. over the next three years to grow its topline by 3X, from existing and new clients. Leading the chart is the plan to add around 2500 experts to its taskforce, across the company’s Technology, Analytics…
Max India appoints Ajit Singh and Rohit Kapoor as Independent Directors
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•Max India Limited announced the appointment of Dr. Ajit Singh and Rohit Kapoor as Independent Director on the Board of the company, with effect from May 25, 2022. According to the company’s exchange filing, “we wish to inform that the Board of Directors of the Company in its meeting held today i.e. May 25, 2022…
RattanIndia Enterprises appoints Sarath Chandra Gudlavalleti as CEO for their Drone Business
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•Rattanindia Enterprises Ltd. announced the appointment of Sarath Chandra Gudlavalleti as Chief Executive Officer for its drone business in NeoSky India Ltd (a wholly- owned subsidiary of RattanIndia Enterprises Ltd). Sarath Chandra Gudlavalleti, an alumnus of XLRI, Jamshedpur has over 20 years of experience in technology & retail sector with expertise in setting and scaling…
Shetron appoints Bhagyachandra Rao and Harish H V to its Board
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•Shetron Limited, a global supplier of Food cans, announced the appointment of Bhagyachandra Rao and Harish Hassan Visweswara to its Board of Directors, with effect from May 30, 2022. According to the company’s exchange filing, “we hereby inform you that, based on the recommendation of the Nomination and Remuneration Committee and subject to approval of…
NFL appoints Hira Nand as Chief Financial Officer
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•National Fertilizers Limited (NFL) announced the appointment of Hira Nand, Executive Director (Finance & Accounts) as Chief Financial Officer of the company, with effect from May 24, 2022. According to the company’s exchange filing, “Pursuant to Regulation 30 read with Schedule Ill of SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015, we are pleased to…
NetApp completes acquisition of Instaclustr
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•NetApp, a global, cloud-led, data-centric software company, announced it has completed its acquisition of Instaclustr, a leading platform provider of fully managed open-source database, pipeline and workflow applications delivered as a service. The acquisition of Instaclustr builds on a series of strategic acquisitions made by NetApp to deliver a comprehensive suite of offerings for Cloud…