Saksoft Limited, a digital transformation solution provider, announced that its Singapore Subsidiary Saksoft Pte Ltd has completed the acquisition of Singapore based MC Consulting Pte. Speaking on this acquisition, Aditya Krishna, Chairman & Managing Director, Saksoft said:- “MC Consulting’s domain expertise and experience in providing smart seaport solutions aligns well with our Logistics & Transportation focus.…
Info Edge (India) Limited, an Indian pure play internet company, announced it has invested in edtech company Juno. According to the company’s exchange filing, “This is to inform you that the Company has entered into an agreement to acquire securities in Juno Learning Pvt. Ltd. (“Juno”) for an amount of about Rs.11.25 Cr.” As part…
Alankit Limited, an e-Governance service provider, announced the appointment of Yash Jeet Basrar as Chairman of the company. According to the company’s exchange filing, “we wish to inform you that in the Board Meeting held on 14 February, 2022, Mr. Yash Jeet Basrar, Independent Director of the Company is appointed as the Chairman of the…
Real estate giant Hiranandani Group announced it has forayed into the technology-led consumer services business through a new venture and expects to invest up to Rs 3,500 crore over the next two-three years, according to ET Bureau report. Tez Platforms will focus on solutions in the entertainment and gaming space, apart from social media, ecommerce,…
After more than 60 years of leadership, J.W. Marriott, Jr. confirmed to the Board of Directors of Marriott International, Inc. that he plans to retire as Executive Chairman in May and will not stand for re-election to the Board at the upcoming Annual Meeting of Stockholders. In recognition of Marriott’s leadership and his significant contributions…
PayU announced its integration with BigCommerce, an Open SaaS ecommerce platform for fast-growing and established brands. As a result of this integration, PayU can now provide payment infrastructure & solutions to BigCommerce’s small- to-medium-sized merchants in India. The BigCommerce platform provides ecommerce services to retailers, including online store creation, search engine optimization, hosting, marketing and security.…
Ceinsys Tech Limited (a company listed on Bombay Stock Exchange), which has established itself as a preferred Geospatial, Engineering & Enterprise solutions provider for major infrastructure projects, post acquiring a 100% stake in AllyGrow Technologies, has appointed Prashant Kamat as CEO & Vice Chairman of the board. Kamat an industry veteran was formerly associated with Mahindra…
Tata Sons announced it has appointed Ilker Ayci, who was until recently the chairman of Turkish Airlines, as CEO & MD of Air India, according to moneycontrol report. The Air India board met to consider the candidature of Ayci and N Chandrasekaran, Chairman of Tata Sons, was a special invitee to this board meeting, said a statement by…
Arvog Forex has been acquired by Revolut India, the India incorporated entity of UK’s fintech firm Revolut, according to the statement. Arvog Finance (Finkurve Financial Services Limited), the rapidly growing smart-tech-enabled diversified finance and venture growth Investment Company has divested its forex subsidiary to tighten focus on fintech ops and venture growth, according to the…
Anupam Saxena has been promoted to Chief Business officer at Daalchini Technologies. Daalchini Technologies provides instant, affordable, healthy home cooked food to corporate employees through IoT-enabled ‘phygital’ (physical+digital) vending machines. In his new position, he will execute the company’s business strategy, driving the overall growth and performance of key business units as a strategy, operations,…
Steel Authority of India announced it has appointed Atanu Bhowmick as Director (Commercial), with effect from February 11, 2022. According to the company’s exchange filing, “it is hereby informed that subsequent to nomination by Government of India vide Ministry of Steel order dated 10″ February, 2022, and approval of the Board of Directors of the…
Capital Foods has announced the appointment of S Raghunandan as its Chief Executive Officer, effective from February 7, 2022. In a professional career spanning three decades, Raghunandan brings in vast experience in leadership roles with leading Indian and multinational organisations in the consumer space, including Hindustan Unilever, Dabur India, Paras Pharmaceuticals and Reckitt Benckiser India,…
Tube Investments of India, a Murugappa Group company that specializes in engineering, bicycles, metal formed products, and chains, announced it has incorporated TI Clean Mobility Private Limited,(TCMPL), a wholly-owned subsidiary of the company on February 12, 2022. According to the company’s exchange filing, “we would like to inform that the Company viz., Tube Investments of…
Cult.fit, a fitness center chain startup in India, announced it has picked up a majority stake in F2 Fun & Fitness, thereby becoming the master franchise partner for Gold’s Gym in India, according to ETtech report. Cult.fit is a part of Cure.fit Healthcare which recently announced an investment from Zomato taking the company’s valuation to…
Further to the announcement on 16 August 2021, HSBC Insurance (Asia Pacific) Holdings Limited, an indirect wholly-owned subsidiary of HSBC Holdings plc (HSBC), announced it has completed the acquisition of 100% of the issued share capital of AXA Insurance Pte Limited (AXA Singapore) for a consideration of US$529m, subject to closing adjustments. Surendra Rosha, Co-CEO,…