Sector: All Sectors
Ola’s dream of world’s biggest e-scooter factory hits a hurdle
Ola Electric Mobility Pvt., the Indian startup that’s pledged to build the world’s biggest electric scooter factory, doled out a handful of brightly-hued bikes earlier this month, complete with drummers and a saxophonist to mark the occasion. Founder Bhavish Aggarwal came to thank some 100 customers who brought along family and friends. But beyond the … Read more
Ajanta Pharma decides to buyback again
The Company’s board is scheduled to meet on December 28, 2021 to take the decision. Key points to note – This is 3rd year in a row. Previous ones being Jan-Mar 2019 and Nov-Dec 2020. Jan – Mar 2019: Rs 100 crore at Rs 1,300 per share as against the then prevailing price of around … Read more
Piramal Enterprises hires Rupen Jhaveri from KKR. An experienced connected hire.
Piramal Enterprises Limited (PEL) has appointed Rupen Jhaveri as Group President, with primary focus on the financial services. Key points to note: This is a newly created position. Jhaveri will be responsible for business development, strategy, merger and acquisition, capital allocation and corporate finance. He has joined from KKR India, where he was the Managing … Read more
Amazon to acquire Prione Business Services
Prione Business Services, the joint venture between Catamaran and Amazon, would be acquired by Amazon subject to requisite regulatory approvals, said Catamaran and Amazon in a joint media statement on Wednesday. On August 9, 2021, the partners had announced their decision to not continue the joint venture beyond the end of its current term of … Read more
Ninety One raises ₹225 crore in Series A funding round; valued at ₹1,000 crore
Sustainable mobility brand, Ninety One has raised ₹225 crore (or roughly $30 million) as a part of its latest Series A funding, the company said in a statement on Wednesday. The round saw A91 Partners LLP infusing around ₹160 crore, with participating investors including Fireside Ventures, Avaana Capital and Tital Capital infusing another ₹65 crore … Read more
New MD shares his strategy for Godrej Consumer. Analysts cheer. Hope it’s not short lived.
In May 2021, Godrej Consumer Products Ltd (GCPL) had announced hiring of HUL veteran Sudhir Sitapati as MD & CEO. He joined the Company in October 2021. Sitapati has replaced Nisaba Godrej from the Promoter’s family, who was holding the position temporarily after Vivek Gambhir had quit in the previous year. Nisaba however continues as … Read more