Sun Pharmaceuticals Industries Limited announced it has acquired additional 11.28% equity stake in Zenotech Laboratories Limited. Post this acquisition, Sun Pharma would increase its shareholding from 57.56% to 68.84% in the company. According to the company’s exchange filing, “this is to inform you that Suo Pharmaceutical Industries Limited (“Company”) has entered into a share purchase…
Provet Pharma Private Limited, headquartered in Chennai, an animal health care company in India, raises an undisclosed amount from N+1 Capital, one of India’s largest revenue-based growth capital funds. The Company will be using this fund to support its expansion plans of all its operating verticals. Devansh Shah, Bilanz Capital Advisors is the advisor to…
India Steel Works Limited announced the appointment of Varun S. Gupta, Managing Director of the company, as Chief Financial Officer, effective March 22, 2022. According to the company’s exchange filing, “the Board of Directors of the Company, at its Meeting held on today j.e Monday, March 21, 2022, has considered and approved the appointment of…
Wipro Limited, a global information technology, consulting and business process services company, announced that it was honored at the Vendors In Partnership (VIP) Awards presented during National Retail Federation’s NRF2022, Retail’s Big Show. Wipro Holmes was named the winner of ‘Best Breakthrough Technology Solution’ by VIP’s panel of retail industry experts for its ‘AI-Powered Revenue…
APL Apollo Tubes Ltd (APL Apollo), India’s structural steel tube manufacturer, announced a minority equity investment by APL Apollo Mart Limited (Apollo Mart), a wholly owned subsidiary of APL Apollo in Shankara Building Products Ltd (Shankara) through a combination of purchase of secondary promoter shares today and proposed preferential allotment of convertible warrants. APL Apollo…
Formula 1 and Tata Communications have announced entering a multi-year strategic collaboration. Tata Communications will be the official provider of Formula 1 broadcast connectivity around the world. Tata Communications will empower Formula 1 with end-to-end managed global network services for video distribution, thus transforming the motorsports experience. To this end, the company will facilitate the transfer of over…
Acquis Consulting Group (Acquis) announced the appointment of Sujay Saha to lead its business brand, ‘Cortico-X’, focused on transforming customer and employee experiences in this digital age. Sujay is a former Partner from PwC with almost 20 years of management consulting experience. Much of his career has been focused on driving large-scale experience-centered transformations across multiple industries,…
Powerkids Entertainment Private Limited (Powerkids) announced the appointment of Manoj Mishra as Chief Executive Officer. Powerkids champions the exciting portfolio of intellectual property owned and managed by Powerkids Entertainment (Singapore) Pte Limited (Powerkids Singapore), an animation company based in Singapore. Powerkids Singapore is sponsored and managed by established investment manager OCP Asia (Singapore) Pte. Limited…
Meesho, an internet commerce company, announced the appointment of Harsh Chaudhary as CXO for Monetisation. In this role, Harsh will lead the team that bolsters revenue generation from Meesho’s various business units. His appointment to the leadership team will further augment Meesho’s growth and accentuate its scale, the statement said. An alumni of Indian Institute of…
InterGlobe Aviation Limited announced it has appointed Rahul Bhatia as Managing Director of the company, effective February 4, 2022. According to the company’s recent exchange filing, “Pursuant to Regulation 30 read with Schedule III of the SEBI LODR Regulations, we hereby inform you that the Members of the Company on March 18, 2022, have passed…
Suzuki Motor Corporation (SMC) signed MOU with the State of Gujarat, India to invest approximately 150 billion yen (approximately 104.4 billion rupees) for local manufacturing of electric vehicles (BEV) and BEV batteries. The MOU was signed on 19 March 2022 at India-Japan Economic Forum held in New Delhi, India, in the presence of Japanese Prime…
Wockhardt, the global biotechnology major announced a collaboration with Serum Life Sciences UK Ltd, a subsidiary of the Serum Institute of India, one of the world’s largest vaccine manufacturers to deliver a global vaccine programme. This collaboration between a subsidiary of Wockhardt and Serum Life Sciences UK will help create considerable number of employment opportunities…
Reliance Retail Ventures Limited (RRVL) announced acquisition of 89% equity stake in Purple Panda Fashions Private Limited, which owns and operates the Clovia business, with an investment of Rs 950 crore through a combination of secondary stake purchase and primary investment. The Founding team and management will own the balance stake in the Company, a…
Looppanel, a startup that allows product & design teams to analyze and share insights from Zoom-based user interviews in minutes, announced a USD 1 million Pre-Seed round of funding led by Speciale Invest. Additional funding is coming from First Cheque, angel investors and a grant from Sequoia Capital India as part of the Sequoia Spark…
CSS Corp, a global customer experience and technology services provider, announced acquiring Directly’s OnDemand business unit, including its next-gen GigCX services platform. OnDemand offers fast and empathetic technical support and customer service for the world’s leading brands, with patented technology and a global network of product and technical experts in a flexible freelance model. Some key…