ABB, a technology leader in electrification and automation, has reached an agreement to sell its Power Conversion division to AcBel Polytech Inc. for $505 million in cash. The transaction is subject to regulatory approvals and is expected to be completed in the second half of 2023. Upon closing, ABB expects to record a small non-operational book…
Cipla Limited referred to as Cipla announced that its wholly-owned UK subsidiary, Cipla (EU) Limited (Cipla EU) has signed definitive agreements for equity investment of EUR 15 million in Ethris GmbH (Ethris), a global leader in delivering mRNAs directly to the respiratory system including administration by inhalation. The investment will facilitate a long-term strategic partnership…
Inox Green Energy Services said it will acquire a majority stake in an independent wind service provider that operates majorly in South India with a 230+MW fleet, according to the PTI report. The transaction is subject to certain regulatory and other customary closing conditions and is expected to conclude by the end of January 2023,…
Integrated logistics player, Delhivery, announced the acquisition of Pune-based Algorhythm Tech Private Limited (Algorhythm Tech), an innovative Supply Chain Products and Solutions company. Upon completion of the acquisition, Algorhythm Tech will become wholly owned subsidiary of the Company, a statement said. According to the company’s exchange filing, “we hereby inform you that the Board of…
Mastek, a digital engineering & cloud transformation service provider, announced that it has made a strategic investment in VolteoEdge, a SaaS company with an enterprise-ready Edge Intelligence Platform that enables secure IoT workflows and makes business workflows smarter. The investment demonstrates Mastek’s commitment to harness the benefits of Data, AI and IoT technologies and empower…
Accenture has made a strategic investment through Accenture Ventures in Mobeus, a technology company pioneering immersive experiences through transparent computing. Headquartered in New Jersey, Mobeus Industries, Inc. is developing frictionless technology to enhance how people connect and communicate, a statement said. Mobeus was founded during the COVID-19 pandemic, accelerating the need for remote, on-demand meetings. With businesses and employees…
Accenture has made a strategic investment, through Accenture Ventures, in BehaVR, a leading innovator in virtual reality (VR) digital wellness and digital therapeutics experiences. On the same day, BehaVR announced a merger with OxfordVR, a spin-out of Oxford University and a leader in science-based virtual reality treatments for serious mental illnesses. The newly combined entity will offer comprehensive, cross-acuity, VR-based therapeutic…
KKR, a global investment firm, and Serentica Renewables (Serentica), a decarbonization platform that seeks to enable the energy transition by providing complex clean energy solutions for energy-intensive, hard-to-abate industries, today announced the signing of definitive agreements under which KKR will invest $400 million in the Company. Serentica looks to deliver round-the-clock clean energy solutions for large-scale, energy-intensive…
Motilal Oswal has funded a sum of ₹ 260 Cr. in Urbanrise – Alliance Group, South India’s largest Real Estate developer for the company’s upcoming three major projects in Bangalore and Hyderabad. The funds were raised towards three upcoming projects – 30 acresvilla project on Kanakapura Road, Bangalore, the 7 acres high-rise apartment project in Whitefield, Bangalore and the 17.5 acres of high-rise…
TaskUs, a provider of outsourced digital services and next-generation customer experience to fast-growing technology companies, announced Navi Mumbai as home to its fourth site in India. TaskUs Navi Mumbai will support the company’s growing operations in India, which has been TaskUs’ fastest-growing market in its 14-year history. The city has a highly skilled and tech-savvy talent pool,…
NIIT Limited, a global talent development corporation and leading provider of managed training services has signed a definitive agreement to invest growth capital in KNOLSKAPE Solutions PTE.LTD, a leading Experiential Learning Platform company. Under the agreement, NIIT would invest USD 2 million in compulsorily convertible preference shares to be issued by KNOLSKAPE. The funds are part of the total round…
Reliance New Energy Limited (RNEL), a wholly owned subsidiary of Reliance Industries Ltd (Reliance), has signed definitive agreements to invest in Caelux Corporation (Caelux), a company headquartered in Pasadena, California, in the United States of America, engaged in the development of perovskite-based solar technology. RNEL will invest USD 12 million to acquire 20% stake in…
Accenture has made a strategic investment, through Accenture Ventures, in Pixxel, a leader in cutting-edge earth imaging technology. Based in Bangalore with a presence in Los Angeles, Pixxel is building the world’s highest resolution hyperspectral imaging satellite constellation in order to offer industry AI-powered insights that discover, solve, and predict climate issues at a fraction of the…
The Boards of Directors of Aditya Birla Capital Limited (ABCL) and Aditya Birla Health Insurance Co. Limited (ABHI) approved a proposal for a primary capital infusion of approximately Rs. 665 Crore in ABHI, from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). Aditya Birla Health Insurance is a 51:49 joint venture between…
UST, a digital transformation solutions company has announced that it will strengthen its presence in the healthcare technology market with a strategic investment in Well-Beat, an Israeli start-up that adds a human touch to healthcare through patient-centered behavioral AI. The investment in Well-Beat is the latest example of UST accelerating the adoption of emerging tech solutions in healthcare and…