Shalimar Paints Ltd., a 120 year old legacy paints company, has announced a significant step in its journey of transformation with strategic enhancements to its leadership team. The company has appointed accomplished leaders with a wealth of industry expertise and vision across Marketing, Finance, HR, Technology, and Manufacturing domains. This strategic transformation underscores the company’s commitment to…
Epsilon Group, India’s premier battery materials manufacturer, announced it has signed an agreement to acquire Johnson Matthey’s lithium-ion phosphate (LFP) cathode active material technology centre in Moosburg, Germany. Financial details of the acquisition remain undisclosed. The state-of-the-art facility boasts best-in-class technical capabilities and a workforce with expertise in LFP chemistry, comprehensive product and process development…
DPDzero announced it has raised $3.25 million in a seed funding round led by Blume Ventures and IndiaQuotient, according to ETtech report. The round also saw participation from banking and fintech leaders such as Sunil Gulati and Nikhil Kumar, the company said in a statement. DPDzero plans to use the funds primarily to “enhance product…
Aspire.io, the leading influencer marketing platform, announced the acquisition of the Commerceup team at India-based, end-to-end SaaS ecommerce platform. Twelve team members plus executive leadership joined Aspire’s Product Team to build and scale influence-driven commerce, focusing on attributable ROI and marketing spend efficiency through the power of user-generated content, a statement said. “The CommerceUp team has built a core…
Tata Consultancy Services (TCS) announced a multi-year partnership with British retail giant Asda to support its digital transformation and to implement a new organisation-wide IT operating model, following its divestiture from Walmart. The strategic partnership will leverage TCS’ cloud, AI, and security solutions to help ASDA deliver the divestiture smoothly, on-time and securely. TCS will…
Registrar Corp, the leading firm serving more than 30,000 food and medical device companies in 190 countries to meet their U.S. Food and Drug Administration (FDA) compliance needs, announced that Raj Shah has been appointed Chief Executive Officer. Registrar Corp is a Paine Schwartz Partners portfolio company, and Shah has served on Registrar Corp’s Board…
Lineage Logistics, one of the world’s leading temperature-controlled industrial REITs and integrated solutions providers, announced the acquisition of eight facilities from Burris Logistics (Burris), a leading temperature-controlled food distribution company. The addition of these eight cold storage facilities to Lineage’s warehousing network will provide nearly 1.3 million square feet of capacity and approximately 115,000 pallet…
PA Media Group extends global racing position with acquisition of Asian racing data specialist, iRace Media. Based in Singapore, iRace Media is a leader in the Asian market, working with B2B customers such as The Hong Kong Jockey Club, Singapore Pools, 4Racing and Tabcorp to promote their racing coverage in the region via a range of…
The Indo-French Chamber of Commerce and Industry (IFCCI) announces the election of Jean Touboul, CEO of Pernod Ricard India, as its President during the 46th Annual General Meeting held in Mumbai. IFCCI stands as India’s most dynamic bilateral chamber, dedicated to fostering mutually beneficial trade relations between India and France. At this occasion, IFCCI felicitated Shri. Devendra Fadnavis, Hon’ble…
Eli Lilly and Company and POINT Biopharma Global, Inc. announced a definitive agreement for Lilly to acquire POINT, a radiopharmaceutical company with a pipeline of clinical and preclinical-stage radioligand therapies in development for the treatment of cancer. Radioligand therapy can enable the precise targeting of cancer by linking a radioisotope to a targeting molecule that delivers radiation directly…
Saviynt, a leading provider of intelligent identity and access governance platform solutions, announced strategic executive appointments that bolster its leadership position in the identity management market. The appointments include Tara Ryan as Chief Marketing Officer, Akshay Sivananda as Chief Information Security Officer and Sapna Nair as General Manager, India. These appointments reinforce Saviynt’s world-class executive…
Mphasis, an Information Technology (IT) solutions provider specializing in cloud and cognitive services, announced a partnership with CoreStack, a global multi-cloud governance provider through an exchange filing. The alliance aims to deliver unparalleled financial management and observability to customers, driving operational efficiency and actionable insights. CoreStack will play a vital role in Mphasis’ Cloud Business…
Fisker Inc has raised $150 million from an existing institutional investor through the issue of convertible bonds with an additional $550 million in funding available, according to Reuters report. The EV company expects to use the proceeds to ramp up deliveries. Fisker earlier this month reiterated its plan to increase deliveries of its flagship Ocean sports…
Solomon Partners, a leading financial advisory firm, announced that it has appointed Karan Garg (KG) as Head of Healthcare Services in the firm’s Healthcare Group and has also hired Brad Hildebrand as a Managing Director focused on Healthcare Services. The addition of Mr. Garg and Mr. Hildebrand will further Solomon’s strategy of continuing to diversify its platform…
Visa, a global leader in payments, announced a new $100 million generative AI ventures initiative to invest in the next generation of companies focused on developing generative AI technologies and applications that will impact the future of commerce and payments. As a pioneer of AI use in payments since 1993, Visa considers this initiative an…