Companies

Snack company Mondelez International has expanded its multi-year contract with IT company HCL Technologies to enhance cybersecurity and transform digital workplace services globally. To support its hybrid workplace model, Mondelez International deployed HCL Tech technology to automate the discovery and remediation of potential vulnerabilities across all endpoints, including servers, mobile devices and laptops. “Having productive …

Mondelez International expands partnership with HCL Tech indiabusinessport.com Read More »

BENGALURU : The initial public offering (IPO) of India’s largest wine producer Sula Vineyards received a lukewarm response on the first day of bidding on Monday. The company, backed by investors such as Verlinvest Group, Cofintra S.A, Haystack Investments, Saama Capital III and SWIP Holdings, is looking to raise up to ₹960 crore from the …

Sula Vineyards IPO subscribed 28% on day 1; retail sees most bids indiabusinessport.com Read More »

Automotive component supplier Mahindra CIE Automotive Ltd on Monday said that it has invested ₹24.26 million in Strongsun Solar Private Limited. The company has subscribed to 303,250 equity shares of of Strongsun Solar Private Limited. Mahindra CIE Automotive after the allotment of shares subscribed will hold 27.35 per cent of the post issue paid-up capital …

Mahindra CIE invests ₹24.26 mn in Strongsun Solar indiabusinessport.com Read More »

How do you see the M&A activity shaping up in the coming year? Will corporates give a tough fight to PE funds which are sitting on large sums of dry powder? Indian M&A stands at $175 billion in 2022 YTD. Private equity and venture capital contributed around $65 billion of this number and the balance …

‘India Inc keen to take large, inorganic bets’ indiabusinessport.com Read More »

Electric-vehicle startup Rivian Automotive Inc. said it has paused negotiations with Mercedes-Benz Group over a planned tie-up to produce electric vans in Europe, as part of a wider effort at the SUV and truck maker to conserve cash. Source link

Tata Motors on Monday said that company board has given in-principal approval for partial disinvestment in its subsidiary Tata Technologies via IPO route. In a meeting held on Monday, the company board decided to explore partial disinvestment of its investment in Tata Technologies, a global product engineering and digital services company. “Tata Motors Limited (the …

Tata Motors board gives in-principal nod for partial disinvestment in Tata Tech via IPO indiabusinessport.com Read More »

Amgen Inc. agreed to acquire Horizon Therapeutics PLC for $27.8 billion, marking the largest healthcare merger of the year. Source link

Availability of credit as central banks hike interest rates along with the ability of Indian corporates to tap capital markets to raise funds will be key to driving growth in the local deal market, Amitabh Malhotra, head of global banking for HSBC India, said. “Indian companies are very robust in terms of their balance sheets, …

HSBC sees loan availability to drive growth for India M&A deals indiabusinessport.com Read More »

A decade ago, insurance executives lived a charmed life. The industry operated more like a private club than a competitive industry, with its own rules and its own jargon. Occasionally, an expensive catastrophe or the regulator’s unhelpful insistence on ethical practices would interfere, but mostly they enjoyed plain sailing. A few years ago, an anxiety …

Insurtech enjoys an Indian Summer indiabusinessport.com Read More »

BENGALURU : When Ashwin Damera returned to India in 2005 from the US, he had declined a lucrative job offer from management consulting firm McKinsey, despite knowing that he had to repay ₹1 crore in student debt. Instead, he took a leap of faith and founded Travelguru, an online travel startup. Within seven years, Damera …

Behind Damera Ventures, a plan to invest in sports, rural employment indiabusinessport.com Read More »