Globant, a digitally native company focused on reinventing businesses through innovative technology solutions, announced the acquisition of Iteris Holding Ltda., a Brazilian business and technology consultancy focused on delivering digital transformation. This acquisition enhances Globant’s current operations in Brazil by adding top local digital capabilities and an impressive client roster, a statement said. Founded in 2009 in…
Maxposure Limited, a prominent entity in the new-age media and entertainment sector, specialising in the aviation market, announced the successful acquisition of Bluebird Advertising Pvt. Ltd. (Bluebird Advertising), a leading media buying and planning agency. This strategic move serves to strengthen Maxposure Limited’s standing as a pivotal player in the ever-evolving landscape of media and…
Swedish engineering group Sandvik has signed an agreement to acquire pro-micron GmbH, a German-based supplier of sensorised tools and automation software. Sensorised tools is a high-growth market, with strong underlying drivers such as the accelerated shift to automated production, increasing demand of production data from our customers and closed loop manufacturing driving the need for digitalization,…
Lionsgate announced that it has closed its acquisition of the global entertainment platform eOne from Hasbro. Lionsgate acquired eOne for a purchase price of $375 million in cash, subject to certain purchase price adjustments, plus the assumption of production financing loans, a statement said. The acquisition adds 6,500 film and television titles to Lionsgate’s library, one of…
Kotak Mahindra Bank Limited (Kotak) announced that the Reserve Bank of India (RBI) has approved the appointment of C S Rajan, Independent Director of the Bank, as the Part-time Chairman, for a period of two years, effective 1st January 2024. Rajan’s appointment as the next Part-time Chairman of the Bank’s Board follows the retirement of the…
Sixth Sense Ventures, the consumer-focused fund that has backed companies such as Bira91, Vahdam Teas and Veeba Foods, has invested Rs 100 crore in Indore-based spices brand Pushp, according to ETtech report. The deal involves a significant secondary portion in which the Mumbai-based investment firm has bought the stake in Pushp from the 49-year old…
SkinQ Dermo cosmetics has secured a seed investment led by Inflection Point Ventures with participation from Venture catalysts and Super Angels. This funding round marks a milestone in SkinQ’s journey to bring cutting-edge dermo cosmetics solutions to the market, a statement said. Founded by the globally acclaimed dermatologist Dr. Chytra V Anand, SkinQ is not…
EKA Mobility, a leading electric vehicle and technology company based in India , is pleased to announce a partnership with Mitsui & Co., Ltd. (Japan) and VDL Groep (Netherlands). This strategic cooperation marks a significant milestone in the evolution of the Indian automotive industry, propelling India towards the goal of becoming a global sustainable transportation hub. The alliance aims to establish…
ABB India’s Smart Power Division bagged the ‘Smart Factory of the Year’ award demonstrating its digital readiness at the Frost & Sullivan’s 19th edition of the India Manufacturing Excellence Awards 2023. This award was based on multiple factors including, smart manufacturing & IIoT systems, AI & Machine learning, and digital modelling for process layout amongst others, as…
Riyadh Airports Company (RAC) has appointed Cognizant to enhance the capabilities of RAC’s Enterprise Resource Planning (ERP) and business processes automation capabilities. The collaboration aims to revolutionize digital capabilities in the domains of finance, human resources, procurement, and planning, ultimately enhancing the traveler experience. As RAC plays such an important role in shaping Saudi Arabia’s global image…
Schaeffler India Limited, a leading industrial and automotive supplier, announced the appointment of Jens Schüler as an Additional Director in the category of Non-Executive Non-Independent Director on the company’s Board, with effect from January 1, 2024. According to the company’s exchange filing, “Pursuant to the recommendation by Nomination and Remuneration Committee, the Board of Directors…
Electric vehicle-focused lender Revfin has raised $14 million (about Rs 115 crore) in an equity funding round led by Omidyar Network, according to ETtech report. Sameer Aggarwal, founder and chief executive of the Delhi-based company, said almost all of the funding came in primary capital. He did not disclose the valuation at which the funds…
Adani Green Energy Limited (AGEL) announced the completion of the 1,050 MW joint venture (JV) with TotalEnergies. As part of the JV, TotalEnergies invested USD 300 million in AGEL subsidiary, for acquiring 50% stake in the projects. This follows the binding agreement about the JV announced between AGEL and TotalEnergies in September 2023. The JV…
Ecoil, an eco-friendly gasoline production startup, has secured INR 3 Crores in a funding round led by The Chennai Angels, with participation from AIC Banasthali Vidyapith Foundation, Shell India, and other high-net-worth individuals. Founded by Sushil Vaishnav and Kirti Vaishnav, Ecoil specializes in transforming used cooking oil and fats into biodiesel, offering comprehensive waste management…
Gracell Biotechnologies Inc. (Gracell), a global clinical-stage biopharmaceutical company dedicated to developing innovative cell therapies for the treatment of cancer and autoimmune diseases, announced it has entered into a definitive agreement to be acquired by AstraZeneca. The proposed acquisition will enrich AstraZeneca’s growing pipeline of cell therapies with GC012F, a novel, clinical-stage FasTCAR-enabled BCMA and…