United Spirits Limited announced it has invested Rs 31.50 crore in Nao Spirits & Beverages Limited. With this investment, Company enters the Indian provenance premium craft gin segment, complimented by its world class premium & luxury gin portfolio of Gordon’s and Tanqueray, the statement said. As an alcohol beverage company, NAO is engaged in the…
Esper has announced that it has raised $30 Million in Series B funding. The funding was led by Scale Venture Partners, with participation from existing investors, Madrona Venture Group, Root Ventures, Ubiquity Ventures, and Haystack. This brings Esper’s total funding to $40.6 million. The platform claims to empower engineers, developers, and operations teams with tools crafted…
LetsUpp which is led by Narendra Firodia has acquired majority stake in the Marathi youtube channel ‘Khaas Re TV.’ LetsUpp is a hyperlocal vernacular infotainment app which gives regular updates on international, national, entertainment & sports news etc. with an aim to provide information on different subjects to the people in different Indian languages. Today…
SiriusXM announced that it has acquired 99% Invisible Inc., the Company owned by Roman Mars, the creator, host, and executive producer of the groundbreaking 99% Invisible podcast. The acquisition brings the acclaimed podcast host and his team to SiriusXM, where they will continue to operate 99% Invisible, the podcast What Trump Can Teach Us About…
Quess Corp, India’s leading Business Services provider and the country’s largest private sector employer, announced that it has signed definitive agreements to subscribe to a 49% stake in the gig economy startup, Taskmo for Rs. 10 crores. The investment marks Quess’ entry in the Indian digital gig economy and makes it the first organised staffing…
HDFC Bank, India’s largest private-sector bank, has picked up a minority stake in smallcase Technologies, a financial-technology startup focussed on capital markets and related infrastructure. Recently, the startup raised $14 million in its Series B funding round led by DSP Group. In a statement, Bengaluru-based smallcase said the transaction is part of its Series B…
HDFC Ltd has said it will acquire 19.9 per cent stake in Renaissance Investment Solutions ARC (asset reconstruction company) Private Ltd for Rs 49.8 lakh, according to PTI report. According to regulatory filing, HDFC Ltd entered into agreements for investment in Renaissance Investment Solutions ARC Private Limited. “The investment would result in holding of 4,98,750…
MediaTek, a Taiwan-based global fabless semiconductor company, has acquired Intel Enpirion power management chip product line-related assets, via its subsidiary Richtek, for about $85 million, as per media reports. Post acquisition, MediaTek aims to expand its product line to offer integrated power solutions used in FPGA, SoC, CPU, and ASIC for the enterprise-level system applications.…
Reliance Industries and Reliance Retail Ventures have announced that The Public Investment Fund (PIF) will invest ₹ 9,555 crore for an equity stake of 2.04% into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of ₹ 4.587 lakh crore. This investment will further strengthen PIF’s presence in India’s…
The Tata Power Company announced it has completed the sale of its Defense business on 31st October, 2020 to Tata Advanced Systems Limited, a wholly owned subsidiary of Tata Sons Pvt. Ltd, the company said in its press release. The sale was completed as per a Scheme of Arrangement, which was approved by National Company…
AMD and Xilinx announced they have entered into a definitive agreement for AMD to acquire Xilinx in an all-stock transaction valued at $35 billion. “The combination will create the industry’s leading high performance computing company, significantly expanding the breadth of AMD’s product portfolio and customer set across diverse growth markets where Xilinx is an established…
Sandvik, a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and sustainability, announced that it has signed an agreement to acquire US based CGTech, a global market leader in software for numerical control simulation, verification and optimization. The company will be reported in Sandvik Coromant, a division within Sandvik…
ALTBalaji, a homegrown OTT platform wholly-owned by Balaji Telefilms Limited, announced that it has acquired 17.5% stake in Tring, an online celebrity digital engagement platform. “Tring is the market leader in the celebrity video shoutout space, and this investment values Tring at about INR 100 crores in a short period since its launch in February…
Lilly, a global healthcare leader that unites caring with discovery to create medicines that make life better for people around the world has announced a definitive agreement to acquire Disarm Therapeutics, a privately-held biotechnology company creating a new class of disease-modifying therapeutics for patients with axonal degeneration. Disarm has discovered novel, potent SARM1 inhibitors and…
Utopia Global, a global SAP partner, and leading software and services company for end-to-end data quality, data migration, and data governance solutions announced the completion of its acquisition by Genstar-backed Prometheus Group, a leading global provider of asset management operations and optimization software. Co-founded in 2003 by Arvind J. Singh (CEO) and Narinder J. Singh…