Increff, a startup that offers inventory optimization solutions for e-commerce, fashion, and retail brands, has raised $12 million in its Series B funding round, led by TVS Capital Funds, Premji Invest, and Binny Bansal’s 021 Capital. It has also raised capital from six angel investors as part of this round, according to ETtech report. The…
Bharti Airtel (Airtel), India’s premier communications solutions provider, said that it has joined the SEA-ME-WE-6 undersea cable consortium to scale up its high speed global network capacity to serve India’s fast growing digital economy. The 19,200 Rkm SEA-ME-WE-6 will connect Singapore and France, and will be amongst the largest undersea cable systems globally, a statement…
LG Energy Solution announced it has appointed Dr. Peter Kyungsuk Pyun as the newly created position of Chief Digital Officer, CDO. Before joining LGES, Pyun worked at Nvidia Corporation, Silicon Valley headquarters, as one of five principal data scientists. Widely known as a skilled individual in the manufacturing field of global data science, Pyun brings over 20…
The Board of Directors of Kalpataru Power Transmission Ltd. (KPTL) and JMC Projects (India) Ltd. (JMC) in their respective meetings held on 19th February 2022 have approved the scheme of amalgamation which inter alia provides for the merger of JMC with KPTL (Scheme). This merger brings together two leading organizations with unique sets of capabilities…
Project44, a supply chain visibility platform, announced Vivek Kundra has joined the company as Chief Operating Officer (COO) to drive overall operational execution and help scale the company through rapid growth. “Vivek has a demonstrated track record of leading complex organizations in periods of rapid growth and delivering results,” said Jett McCandless, Founder and CEO of project44. “With…
Hinduja Global Solutions (HGS) announced that its subsidiary HGS UK Limited has been selected by the UK Health Security Agency (UKHSA) to provide critical customer support to UK citizens for an initial period of two years, with an option to extend further. The partnership is already underway having launched earlier last week, and the contract…
Snowman Logistics Limited, a cold chain & integrated temperature-controlled logistics service provider, has completed the construction of a temperature controlled warehouse at Coimbatore and the facility has become operational during February 2022. The total capacity of the facility is 4020 Pallets. It is a multi-temperature facility designed to store products ranging from ambient temperature to…
CSB Bank Limited announced it has appointed Sharad Kumar Saxena as an Additional Director to the company’s Board of Directors, effective February 19, 2022. According to the company’s exchange filing, “We wish to inform that pursuant to the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Bank, by resolution passed…
The Sistema Group company, Binnopharm Group, one of the leading pharmaceutical production companies in Russia via its affiliate Joint Stock Company ‘Alium’, and Dr. Reddy’s Laboratories Ltd., along with its subsidiaries together referred to as “Dr. Reddy’s”), an integrated global pharmaceutical company, announced the signing of a deal that will allow Binnopharm Group to acquire…
Accenture has been recognized as the No. 1 technology services provider to the retail and consumer packaged goods (CPG) sector globally in a recent report from industry analyst firm HFS Research. The report, “HFS Top 10: Retail and CPG Services, 2022,” assesses and rates 12 leading service providers across a variety of criteria, a statement said. In…
The Phoenix Mills Limited (PML), a real estate developer, announced the execution of non‐binding term sheet to acquire balance 50% equity stake in Classic Mall Development Company Limited (CMDCL) from Crest Ventures Limited and Escort Developers Private Limited (a 100% subsidiary of Crest Ventures Limited). PML currently owns 50% in CMDCL and the balance 50%…
IDFC First Bank Limited announced the appointment of Dr. Jaimini Bhagwati as Additional Director to the company’s Board of Directors, effective February 18, 2022. According to the company’s exchange filing, “We wish to inform that in accordance with the applicable provisions of the Listing Regulations and the Companies Act, 2013 and based on the recommendation…
Mzaalo, a gamified video and entertainment ecosystem, announced that it has formed a strategic partnership with Jio to deliver digital entertainment to underserved audiences throughout the rural India. Through this partnership, Mzaalo’s premium content catalogue and rewards ecosystem will be available on Jio’s low-cost phones, and freely accessible for millions of rural Indians, most of whom are…
Crocs, Inc., a world leader in innovative casual footwear for women, men, and children, announced it has completed its previously announced acquisition of HEYDUDE, a privately-owned casual footwear brand. The closing is effective as of February 17, 2022. The acquisition of HEYDUDE adds a second high-growth, highly profitable brand to the Crocs portfolio. We intend to leverage…
Confidence Futuristic Energetech Limited announced it has acquired 50 per cent stake in Maruti Koatsu Cylinders Limited. According to the company’s exchange filing, “we inform you that Confidence Futuristic Energetech Limited has acquired 50% stake in M/s MARUTI KOATSU CYLINDERS LIMITED based at Halol, Gujarat. M/s MARUTI KOATSU CYLINDERS LIMITED has an operational plant with…