The Adani Family, through an offshore special purpose vehicle, announced that it had entered into definitive agreements for the acquisition of Switzerland-based Holcim Ltd’s entire stake in two of India’s leading cement companies – Ambuja Cements Ltd and ACC Ltd. Holcim, through its subsidiaries, holds 63.19% in Ambuja Cements and 54.53% in ACC (of which…
Mahindra Lifespace Developers Limited announced the appointment of Asha Kharga as Additional Director on the company’s board, with effect from May 13, 2022. According to the company’s exchange filing, “we wish to inform you that, basis the recommendation of the Nomination and Remuneration Committee, the Board of Directors at its meeting held today, May 13,…
Tractor maker Escorts Limited announced the re-appointment of Nikhil Nanda as Managing Director of the company, with effect from September 19, 2022. According to the company’s exchange filing, “Pursuant to Regulation 30 and 33 of the SEBI {listing Obligations and Disclosure Requirements) Regulations, 2015, please note that the Board in its meeting held today i.e.…
FMCG wholesale platform ApnaKlub has raised $10 million in its Series A funding from Tiger Global. Earlier in August 2021, the startup raised a $4 million round from Sequoia India’s Surge, Blume Ventures, Whiteboard Capital and Flourish Ventures. The startup will utilise the funding to deepen infrastructure in key states, expand the platform from 5000 to 20,000 partners and build…
Johnson Controls, the global leader for smart, healthy and sustainable buildings, has named Anu Rathninde as vice president and president, Asia Pacific. In this role, Rathninde will serve as an officer of the company and oversee Johnson Controls operations across the Asia Pacific region. Rathninde will take on the role formerly held by Visal Leng who will be leaving Johnson Controls later…
Rejuvenate Biomed NV (Rejuvenate), a biomedical company developing novel combination drugs for age-related diseases, appoints Dr. Ajit Shetty as Chair of the Board of Directors. As a veteran of the life sciences industry, Dr. Shetty will strengthen the business strategy of this ambitious company through both mentorship and connections. Along with the other members of the Board,…
Tata Motors Limited announced the re-appointment of Hanne Birgitte Sorensen as Non-Executive Independent Director of the company, with effect from January 3, 2023. According to the company’s exchange filing, “we hereby inform you that the Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has approved re-appointment of Ms Hanne Birgitte…
Indonesian insurtech startup Qoala, has successfully raised Series B funding of US$ 65 million. The company distributes retail insurance products to consumers for car, bike, home, and health through its omnichannel platform. Based in Indonesia, the platform has successfully expanded to Thailand and Malaysia in 2021, strengthening Qoala’s commitment to make makes insurance accessible, easy to understand, and help consumers better with their…
D2C fashion brand Bewakoof has appointed Samata Ballal as its Chief People Officer. Samata joins Bewakoof with close to 2 decades of experience leading People & Culture functions at some of the successful companies, including MediBuddy and Unisys. As CPO, Samata will build on this experience to align and scale Bewakoof culture to be high…
Welspun Enterprises Limited, an infrastructure development company, announced the appointment of Sudhir Mital as Independent Director of the company, with effect from May 12, 2022. According to the company’s exchange filing, “Kindly note that the Board at its meeting held on May 12, 2022, based on the recommendation of the Nomination and Remuneration Committee, has…
Larsen & Toubro announced the re-appointment of S. N. Subrahmanyan as Managing Director and Chief Executive Officer of the company, with effect from July 1, 2022. According to the company’s exchange filing, “we wish to inform you that the Board of Directors at its meeting held today i.e. May 12, 2022, based on the recommendation…
Honeywell Automation India Limited (HAIL) announced the appointment of Rajesh Rege as Additional Director on the company’s board, with effect from June 15, 2022. According to the company’s exchange filing, “We wish to inform you that the Board of Directors at its meeting held on May 12, 2022 have appointed Mr. Rajesh Rege (DIN: 06563934)…
Wipro Limited, a global information technology, consulting and business process services company, newly announced a five-year strategic engagement with Scania, a world leading provider of transport solutions. Scania currently has 54,000 employees in more than 100 countries. Going forward, Wipro will deliver streamlined support with increased automation and enhanced user experience through personalized services underpinned…
Tata Consultancy Services (TCS) has been positioned among top three providers in the HFS Top 10 for Insurance Services. In an assessment of 18 insurance service providers, TCS ranked #1 for overall execution, breadth and depth of insurance capabilities, and scale of business, a statement said. “In an era of uncertainties, new risks and growing…
Ujjivan Small Finance Bank Limited announced the appointment of Anita Ramachandran to its Board of Directors, with effect from July 1, 2022. According to the company’s exchange filing, “the Board of Directors (“Board”) of the Bank, in its meeting held today, has appointed Ms. Anita Ramachandran (DIN: 00118188), as an Additional Director (Independent) with effect…