Dairy fintech and marketplace platform Digivriddhi Technologies (DGV) has raised $6 million in a Series A funding round led by Omidyar Network India, according to ETtech report. Existing investors Omnivore and InfoEdge Ventures also participated in the round. Founded in 2019 by Ragavan Venkatesan, DGV provides dairy farmers and micro-enterprises access to institutional credit. It…
Ambuja Cements Limited (ACL), the cement and building material company of the diversified Adani Group, announced the successful completion of the acquisition of Sanghi Industries Limited (SIL). This strategic acquisition, valued at an Enterprise Value of Rs. 5,185 Crores, enhances Ambuja Cement’s market presence underscoring Adani Group’s steadfast commitment to India’s housing and infrastructure development,…
SoftBank Corp. (SoftBank), a telecommunications and IT operator headquartered in Tokyo, and Cubic Telecom Ltd. (Cubic Telecom), a leading global provider of software-defined connected vehicle solutions headquartered in Dublin, announced they signed a definitive agreement whereby SoftBank will invest approximately 473 million EUR in Cubic Telecom for a 51.0% equity stake in the company, at a valuation of…
Union Bank of India, a leading public sector bank in India is collaborating with Accenture to design and develop a scalable and secure enterprise data lake platform with advanced analytics and reporting capabilities. This program will boost the bank’s operational efficiency and enhance its ability to offer customer-centric banking services and manage risk. Using predictive…
White Lotus Group, a distinguished name in Bengaluru’s bespoke luxury real estate space, announced the successful completion of a significant INR 150 crores funding round. Spearheaded exclusively and for the first time in Indian real estate by Dubai-based Luxe Port Group of Companies, a globally renowned name in the luxury lifestyle industry. This substantial funding stands as…
Caterpillar is investing in recycling technology developer Nth Cycle as part of a push to boost the reuse of metals used to make batteries and construction equipment, according to Reuters report. The investment, announced on Monday, comes as part of a $44 million Series B round of financing in privately-held Nth Cycle, which is among…
Oracle Financial Services Software Limited, a large cap IT company, announced the appointment of Mrugank Paranjape as Additional Director on the company’s Board, with effect from December 4, 2023. According to the company’s exchange filing, “The Board of Directors of the Company at its meeting held today, inter alia approved: 1. Appointment of Mr. Mrugank…
Quess Corp, India’s leading business services provider, announced that it has signed a Memorandum of Understanding (MoU) with the National Skill Development Corporation (NSDC), the apex skill development organization under the Ministry of Skill Development and Entrepreneurship (MSDE), Government of India. The MoU aims to enhance the employability of Indian youth by leveraging Quess’ and…
Fitch Group, a global leader in financial information services owned by Hearst, announced that it has completed the acquisition of all the remaining stock it does not own of Bixby Research and Analytics (Bixby), a leading provider of credit information on private syndicated loan issuers. Earlier this year Fitch Ventures, the equity investment arm of Fitch Group,…
Nuvei Corporation (Nuvei), the Canadian fintech company, announces that it has partnered with Microsoft to deliver leading payment experiences for customers of its products, solutions, and services across many of its key markets. Microsoft will start using Nuvei’s customizable and agile payments technology in the Middle East and the Africa region, while benefiting from Nuvei’s deep knowledge of local…
Apparel Group, a global fashion and lifestyle conglomerate, has exclusively partnered with Shoppers Stop, to expand the presence of one of America’s #1 fragrance brands – Bath & Body Works into the Indian market. This strategic collaboration marks a pivotal milestone in Bath & Body Works’ entry into the shop-within-a-shop retail concept. Shoppers Stop, India’s…
Next Mediaworks Limited announced the appointment of Sonali Manchanda as Company Secretary and Compliance Officer of the company, with effect from December 4, 2023. According to the company’s exchange filing, “This is to inform that Ms. Sonali Manchanda has been appointed as Company Secretary (KMP) and Compliance Officer of the Company w.e.f. 04th December, 2023.”…
Markel, the insurance operation within Markel Group Inc., has hired Isaac Meek as a Cyber Senior Underwriter. Meek’s arrival exemplifies Markel’s long-term commitment to recruiting high-level underwriting talent, so that it can continue providing insurance solutions to meet customer demand in the Middle East and North Africa (MENA), while supporting the businesses’ overarching strategy of accelerating growth across Asia, as per the…
Indus Towers has appointed Neeti Wahi as the Chief Digital and Information Technology Officer effective December, according to ET Bureau report. Wahi, who was previously the chief information officer at Sterlite Power, comes with 22 years of executive-level experience in the BFSI and energy sectors with a proven record of driving digital transformation across business…
MSCI Inc., a leading provider of mission-critical decision support tools and services for the global investment community, announced that Jana Haines has joined the firm as Head of Index and as a member of MSCI’s Executive Committee. Based in New York, Haines will be responsible for the strategic development and execution of MSCI’s global Index…