Bharat Forge Limited, the Pune based Indian multinational, announced that it has entered into a definitive agreement to acquire JS Autocast Foundry India Private Limited (“JS Auto”). Established in 2004, JS Auto is a leading and a preferred supplier of critical machined Ductile Iron castings for the Wind, Hydraulic, Off-Highway and Automotive applications, the statement…
IndiaMart, a B2B marketplace of India, has acquired 26% share capital of IB Monotaro Private Limited. The company acquired 8.1 lakh shares from Emtex Engineering Private Limited for a total consideration of INR 104.2 Cr. Pursuant to this transaction, MonotaRO Co. Ltd. (Japan) will hold 51.6% stake, IndiaMart will hold 26% stake and Emtex Engineering…
Mindtree, a global digital transformation company, announced that it has been recognized as the 2022 ServiceNow Americas Emerging Service Provider Partner of the Year for achieving overall excellence in delivery and ServiceNow pipeline growth. Mindtree has demonstrated the ability to deliver a world-class customer experience. The ServiceNow Global Alliances and Channel Ecosystem (ACE) organization recognizes…
Hindustan Unilever Limited announced the separation of the position of Chairman of the Board and the CEO and Managing Director. The company announced the appointment of Nitin Paranjpe, currently Chief Operating Officer of Unilever as a Non-Executive Chairman of the company, with effect from March 31, 2022. Mr Sanjiv Mehta will continue as the Chief…
Medulance, an end-to-end emergency response service provider, continues to open avenues for people to join its mission of making emergency response accessible for all. The company announced its plan to recruit for Business Development and Client Servicing team. Medulance is also seeking to bolster its business and technology vertical by onboarding Chief Marketing Officer, Chief Business…
Cloudnine, a birthing centre in India has announced the appointment of three new independent directors to its board. Nupur Garg, a leading investor in private equity and venture capital space and founder of WinPE, Lizzie Chapman, an entrepreneur pioneering Buy Now, Pay Later in India and CEO & Co-Founder of ZestMoney and Parthasarathy VS, Vice…
Shipsy, a SaaS-based smart logistics management platform provider, has raised USD 25 million in a Series B round co-led by A91 Partners and Z3 Partners along with existing investors Info Edge and Sequoia Capital India’s Surge. The funding will enable Shipsy to continue growing its stronghold in the Middle East, India and Southeast Asian markets…
Vodafone Group Plc (Vodafone) holds 757.8 million shares in Indus Towers Limited (Indus), equivalent to a 28.1% shareholding. 190.7 million of these shares, equivalent to a 7.1% shareholding, are currently pledged to Indus as part of the security arrangements entered into between Vodafone and Indus (the Security Arrangements) at the time of the merger of…
Refresco Group B.V. (Refresco), one of the largest independent beverage contract manufacturers in the world, and KKR, a global investment firm, announced that KKR has signed a definitive agreement to acquire a majority stake in Refresco, with Refresco’s existing investors, PAI Partners and British Columbia Investment Management Corporation (BCI), maintaining a significant minority position. Founded in 1999, Refresco is…
Former Droom Technology CHRO, Preeti Jain, has joined telecom major Airtel as Vice President – Human Resources. Jain has over 20 years of rich experience working with leadership teams in diverse industries spanning IT, Telecom and Semiconductor industries, and across geographies and cultures, including USA, UK, China and South-East Asia. Prior to Droom Technology, she…
Accenture has been named a Leader in the inaugural Everest Group Cloud Services PEAK Matrix Assessment 2022 — North America and Everest Group Cloud Services PEAK Matrix Assessment 2022 — Europe reports. According to Everest Group, Accenture is differentiated in overall market impact, driven by value delivered to clients based on customer feedback. Everest Group highlights that…
BD (Becton, Dickinson and Company), a global medical technology company, announced that Shana Neal has been appointed chief people officer, effective April 4, 2022. Neal, who held HR leadership positions at BD from 2005 to 2018, will oversee BD’s Human Resources, Communications and Social Investing functions globally, including Talent Acquisition and Management; Total Rewards; HR Operations; HR Business…
Kaleyra, Inc. (Kaleyra), a cloud communications software provider delivering a secure system of application programming interfaces (APIs) and connectivity solutions in the API/Communications Platform as a Service (CPaaS) market, has been selected by Bosch Group, a leading global supplier of technology and services, as their trusted vendor to power the Bosch Mobility Solutions cloud communications in India. Bosch…
Telecom major Bharti Airtel (Airtel) announced that it has acquired a strategic stake in Aqilliz – a Blockchain as a Service Company under the Airtel Startup Accelerator Program. Singapore-based Aqilliz has developed a patented hybrid blockchain platform, Atom that integrates differential privacy and federated learning on a distributed digital ledger. This allows brands to create…
Wipro Limited, a global information technology, consulting and business process services company, announced that it has joined the global partnership network of o9 Solutions, a leading enterprise AI software platform provider for transforming planning and decision-making. The partnership combines o9 Solutions’ demand management, sales and operations/business planning suite with Wipro’s integrated digital and domain expertise.…