Aether Fuels (Aether), an advanced climate technology company announced US$8.5 million in pre-Series A financing via convertible notes. The global syndicate includes JetBlue Ventures, the corporate venture capital (CVC) division of JetBlue, as well as TechEnergy Ventures (the CVC division of the Techint Group), Doral Energy Tech Ventures (the CVC division of Doral Energy), Foothill Ventures, and existing investor, Xora Innovation. Aether…
Sterling and Wilson Renewable Energy Limited (SWRE) has announced the completion of a fundraise of Rs. 1,500 crore through Qualified Institutions placement (QIP) route. The Securities Issuance Committee of Board of Directors at its meeting held on December 14th, 2023 approved the issue and allotment of 4,32,27,665 equity shares of face value Re. 1/- each…
Sterling Check Corp. (Sterling), a leading provider of identity and background services, announced the appointment of global finance and strategy leader Jagtar Narula to the Sterling Board of Directors. In this capacity, he will serve as an independent director and member of the Audit Committee. Currently serving as the Chief Financial Officer at WEX, Narula brings…
Global investment firm KKR announced the appointment of Dane E. Holmes as Chief Administrative Officer (CAO), effective December 29, 2023. As CAO, he will join the firm’s leadership team and oversee and work with the existing leaders of a number of key functions, including KKR’s Human Capital, Communications, Marketing, Sustainability, and Citizenship teams, as per the statement. Holmes assumes…
LTIMindtree, a global technology consulting and digital solutions company, announces the inauguration of a new Delivery Center in Mexico City, as part of expanding its presence in Latin America. The Delivery Center will enable workforce transformation and localization for LTIMindtree in the Americas. The Center was inaugurated on December 14, 2023, by His Excellency, Pankaj Sharma, Ambassador of…
Procter & Gamble has appointed Freddy Bharucha to be the company’s first President of North America Personal Care & Beauty Operations. P&G Beauty’s decision to create this new position stems from Freddy Bharucha’s proven track record of driving brand, business, and organisational growth, with a focus on tapping into emerging synergies across the fast-paced North…
Cyient DLM, an integrated electronics manufacturing company, has announced the inauguration of a new precision machining facility in Bangalore. The facility currently has a capacity of 60,000 hours per annum, and has been designed for 3x expansion, to elevate the capacity to 180,000 hours per annum with the addition of 20 cutting-edge machines. The new…
Infibeam Avenues Ltd, a listed fintech company, announces its strategic foray into the capital markets and digital lending software market by acquiring a significant 49% equity stake in Pirimid Fintech, investing Rs 25 crore to solidify this strategic partnership. This move is in direct response to the surging demand in the thriving global capital markets…
Hypergene, a Swedish software-as-a-service (SaaS) company for planning and performance management, announced a growth investment from Thoma Bravo, a leading software investment firm. Under the terms of the investment, Thoma Bravo will acquire a majority stake in Hypergene from Monterro, the leading B2B software investor in the Nordics, and other minority shareholders. With the support…
Dutch brewer Heineken N.V. (HEINEKEN) nominates Dolf van den Brink for reappointment as member of the Executive Board of the company at its Annual General Meeting (AGM) on 25 April 2024. The proposed reappointment is for a four-year term as per 1 June 2024. Dolf van den Brink started his tenure as Chairman of the…
Wardwizard Foods and Beverages Limited announces the signing of a significant Memorandum of Understanding (MoU) with the Government of Gujarat, marking a pivotal moment in the expansion of food manufacturing capabilities in the state. The formal signing of this transformative MoU unfolded on December 13, 2023, marking a commitment to propel Gujarat’s development into an…
Bicara Therapeutics, a clinical-stage biotechnology company developing dual-action biologics to elicit a potent and durable immune response, announced the completion of an oversubscribed $165 million Series C financing. The financing was co-led by Braidwell LP and TPG, which is investing in the company through TPG Life Sciences Innovations (TPG LSI) and The Rise Fund, with…
Non-bank lender Capri Global Capital Limited (CGCL) announced the appointment of Satish Shimpi as Chief Compliance Officer of the company, with effect from December 18, 2023. According to the company’s exchange filing, “we wish to inform that, as approved and recommended by Nomination and Remuneration Committee the Board of Directors have appointed Mr. Satish Shimpi…
JWIL Infra, a leading water infrastructure management company and a part of Jindal SAW, has appointed HK Pradhan as its Chief Human Resources Officer, according to ETHRWorld report. “I am thrilled to share that I have joined JWIL Infra Limited as Chief Human Resources Officer,” Pradhan shared in a LinkedIn post. He added, “Together with…
Haier Smart Home entered into a stock purchase agreement with Carrier Global Corporation to acquire Carrier’s Commercial Refrigeration Business (“Carrier Commercial Refrigeration”) through acquiring 100% of the equity interest in Carolin Holdings B.V. Carrier, for total consideration of approximately USD 640 million, which represents 11x 2022A P/E. The Transaction marks Haier Smart Home’s expansion from its…