Mergers & Acquisitions
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Opportunity India Desk Nov 29, 2018 - 1 min readIndia's premier National Research Laboratory, CSIR-Institute of Microbial Technology (CSIR-IMTECH) has entered into a partnership with German science & Technology company Merck to establish a 'High End Skill Development Centre' in Chandigarh. The centre will be equipped with the next generation technologies such as gene editing and single-molecule biomarker detection. It will help accelerate healthcare ...
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Opportunity India Desk Nov 29, 2018 - 1 min readSpotify, the Swedish streaming service company, is planning to launch its service in India in the first quarter of 2019. The company had earlier this month expanded its global presence by extending its services to new 13 new countries including UAE, Saudi Arabia, Oman and Egypt. India is considered to be one of the world’s biggest ...
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Opportunity India Desk Nov 29, 2018 - 1 min readIndia's largest hotel brand OYO is planning to add more than 1 million rooms globally over the next four to five years. The SoftBank funded start-up aims to emerge as the world’s largest hotel brand by room count, overtaking Marriott. Presently, American hospitality major Marriott is the world's largest hotel brand with approximately 1.4 million ...
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Opportunity India Desk Nov 29, 2018 - 1 min readCoimbatore-based EKKI is planning to enter into Saudi Arabia. The company will foray into Saudi Arabia market by partnering with a local Saudi Distribution Group. The company is expecting around $1 million revenue. Kanishka Arumugam, Director Marketing and Business Development, EKKI, said, "The company is in advanced talks with a few companies and likely to sign ...
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Opportunity India Desk Nov 28, 2018 - 1 min readIndian Institute of Technology (IIT) Kharagpur has signed a Memorandum of Understanding (MoU) with the University of Auckland to foster academic exchange and research collaboration, faculty exchange and visiting/adjunct appointments, student mobility. According to the MoU, the institutes will explore opportunities for research in healthcare technologies, new materials, cyber security and artificial intelligence. This is ...
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Opportunity India Desk Nov 28, 2018 - 1 min readSun Pharmaceutical Industries has entered into a definitive agreement to acquire Japan-based Pola Pharma for around $1 million. With this acquisition, Sun Pharma will strengthen its presence in the dermatology segment across the globe. Pola Pharma is engaged in research and development, manufacture, sale and distribution of branded and generic products in Japan. Its portfolio ...
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Opportunity India Desk Nov 28, 2018 - 1 min readMoMAGIC Technologies acquires Spice Mobility's entire equity stake of 49% in AdGyde Solutions Pvt Ltd, as part of its long-term strategy of transitioning into a robust digital marketing (mobile) solutions provider with a technological edge in South East Asia region. MoMAGIC will fully absorb AdGyde within its business operations. AdGyde is a Mobile Apps Analytics ...
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Opportunity India Desk Nov 26, 2018 - 1 min readAs part of its expansion plans in India, Nepal-based CG Corp Global is planning to have 79 operational hotels under The Fern Hotels & Resorts brand in the country by the end of 2020. Presently, the diversified group has 53 hotels in India under the brand. Binod K Chaudhary, Chairman of CG Corp Global, said, ...
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Opportunity India Desk Nov 23, 2018 - 1 min readMedlife, an online e-pharmacy company, has acquired EClinic24/7, a Bangalore-based consumer healthcare startup. EClinic24/7 was founded by Jeyandran Venugopal. With this acquisition, Medlife will offer an enhanced and seamless healthcare experience in e-consultation on its platform, for both patients and doctors. Medlife is first of its kind online pharmacy company that provides a one-stop access ...
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Opportunity India Desk Nov 23, 2018 - 1 min readBigBasket, India's largest online food and grocery store, has partnered with Digibank, DBS' mobile-only bank, for introducing its first co-branded debit card. Shantanu Sengupta, Managing Director and Head-Consumer Banking Group, DBS India, said, "We are delighted to partner BigBasket as there are strong synergies among our customer base. We're here to make the consumer's life ...