Mergers & Acquisitions
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Opportunity India Desk Feb 04, 2019 - 1 min readDenver, the premium fragrance brand for men, has hired Telugu superstar Mahesh Babu as its brand ambassador. With this appointment, Denver is aiming to tap into the massive opportunity for fragrance brands in the South Indian market. The brand is planning to launch a TVC featuring Mahesh Babu in order to drive greater brand resonance with ...
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Opportunity India Desk Feb 01, 2019 - 1 min readThe Sikkim government has signed a Memorandum of Understanding (MoU) with Microsoft India. The MoU has been inked between them to improve the education system in Sikkim by boosting digital literacy and building new age tech capacity among students and faculty in government-run schools. Manish Prakash, General Manager of Public Sector, Microsoft India, said, "E-governance is the best ...
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Opportunity India Desk Jan 30, 2019 - 1 min readXSEED Education Pte, a Singapore-based company, has acquired Report Bee, domestic ed-tech startup, for an undisclosed amount. Post acquisition, Ananthraman Mani, Bala Ganesh S and Anjan T, Founders of Report Bee, will be joining XSEED. Founded in 2010, Report Bee offers a cloud-based software solution that permits schools to assess, report and analyse the performance ...
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Opportunity India Desk Jan 30, 2019 - 1 min readIn a bid to cut health costs of working professionals in India, Singapore-based MyDoc and UST Global have formed a joint venture. The new company will start with more than 14,000 employees at UST Global centres throughout the country. It will tackle employee health and the prevalence of people living with lifestyle-related chronic diseases and ...
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Opportunity India Desk Jan 30, 2019 - 1 min readDigital payments company Paytm has launched hotel bookings on its platform and acquired Noida-based last-minute hotel booking app, NightStay. With this acquisition, the digital payments company expands its travel business. The Alibaba-backed company is planning to make an investment of Rs 500 crore in order to scale up its travel operations. Paytm has partnered with over ...
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Opportunity India Desk Jan 29, 2019 - 1 min readIndian Institute of Technology Kharagpur (IIT-KGP) has inked a Memorandum of Understanding (MoU) with Japan’s Association for Overseas Technical Cooperation and Sustainable Partnerships (AOTS). The MoU has been signed between them in order to explore opportunities for a research centre that will facilitate collaborative projects. An IIT KGP statement said, "The two organisations shall focus ...
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Opportunity India Desk Jan 29, 2019 - 1 min readFMCG major Emami Ltd has acquired German brand Creme 21. The personal care brand has been acquired at less than 1.5 times of its sales of Euro 8 million. Creme 21 has major business in the Middle East and other focus markets. The brand offers skin care and body care products like creams and lotions, ...
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Opportunity India Desk Jan 28, 2019 - 1 min readThe Institute of Chartered Accountants of India (ICAI) has signed a Memorandum of Understanding (MoU) with the Institute of Certified Public Accountants of Kenya (ICPAK) in Nairobi, Kenya. The signing of the MoU between ICAI & ICPAK would facilitate a collaborative approach to identify opportunities for ICPAK and ICAI and support the development of the accountancy profession ...
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Opportunity India Desk Jan 19, 2019 - 1 min readApeejay Surrendra Park Hotels Ltd is planning to double its number of rooms to 4,000 by 2024. At present, the group is managing 1,750 rooms across properties under two brands, namely 'The Park' and 'Zone'. Vijay Dewan, Managing Director of Apeejay Surendra Park Hotels, said, "We will have 2,000 rooms by this fiscal (FY19) after ...
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Opportunity India Desk Jan 18, 2019 - 2 min readIndia Medtronic Pvt Ltd, a wholly owned subsidiary of Medtronic plc, has collaborated with Eris Lifesciences, one of the leading players in the chronic drugs segment, for a diabetes monitoring initiative in India. This is a first of its kind collaborative initiative in the country between a pharmaceutical and medical device company. Under the collaboration, both ...