Sundaram Finance Holdings (SFH) is putting in further 2 million Euros in it’s portfolio company Mind S.r.l., Italy (MSI), to augment the working capital needs and for further growth. Key points to note – MSI manufactures carbon fibre components for the automotive industry in Europe. SFH had acquired 40.6% stake in MSI last year for … Read more
Airtel takes a step ahead in 5G and rolls out #5GforBusiness for selective enterprise customers to demonstrate 5G use cases using high speed and low latency networks. In tie-up with consulting and technology companies such as Accenture, AWS, CISCO, Ericsson, Google Cloud, Nokia, TCS, Airtel is testing 5G solutions with enterprises such as Apollo Hospitals, … Read more
After data centres and fulfilment centres (for ecommerce), Adani Enterprises (Adani) has further deepened it’s relationship with Flipkart by acquiring a significant minority stake in the latter owned Cleartrip – the air ticket booking platform. Adani is the country’s largest airport operator and the subject acquisition is targeted towards complementing the same and to also … Read more
In one of it’s kind of arrangements (especially for HDFC Limited), HDFC has tied up with Indian Post Payments Bank (IPPB) for home loan distribution. Key points to note – IPPB has about 4.7 crore customers. HDFC’s idea here seems to get aggressive on affordable housing. HDFC said, “The partnership aims to facilitate HDFC Ltd.’s … Read more
Key points to note – Solution has been developed by Airtel’s in-house engineering team – though doesn’t seem like a big deal for a giant like Airtel. It encompasses features ranging from app development, content hosting, curation and lifecycle management to search and discovery, analytics and monetisation models (advertising, subscriptions, transactions). Raj TV and Eros … Read more
Reliance’s solar unit Reliance New Energy Solar Ltd (RNESL) will buy preferred shares of German firm NexWafe worth 25 million euros ($28.82 million). NexWafe is developing and producing monocrystalline silicon wafers grown directly from inexpensive raw materials, going directly from the gas phase to finished wafers. This is expected to give solar manufacturers a significant … Read more
On October 15, 2021, L&T announced the launch of L&T Edutech (LTE) – it’s entry into the rapidly growing virtual education sector. It has now appointed Sabyasachi Das as the CEO of this Company. Key points to note – Sabyasachi is a Cognizant veteran having spent more than 22 years at the Company across various … Read more
Gilera Motors will be the exclusive distributor for sale and service of Hero motorcycles and scooters in the country. Gilera will also make new investments to drive the business growth. Key points to note – Founded in 1953, Gilera is one of the oldest motorcycle manufacturers in Latin America. Gilera Argentina with more than 200 … Read more
Tata Motors (TML) does a start-up kind of fund raising and announces $1 bn of investments from TPG and ADQ (of Abu Dhabi) in it’s EV business. Key points to note – The investment values the EV business at $9.1 bn post money. Funds will come in two tranches – 50% by March 2022 and … Read more