saloni shah

Decorative laminates maker Greenlam Industries Ltd will acquire Switzerland-based decorative surfaces trader Decolan SA for 1 million Swiss francs ($994,000 or Rs 7 crore) in cash. Greenlam said in a stock-exchange filing the acquisition will help it serve the European market with faster deliveries, better distribution control and service. The company will make the acquisition through Singapore-based wholly owned subsidiary Greenlam Asia Pacific Pte. Ltd. The transaction is expected to be completed by 30 June. Incorporated in 2012, Decolan is [...]

Global electronics contract manufacturers Wistron and Foxconn plan to invest a combined $1 billion (Rs 7,500 crore) over five years to expand their production facilities in India. Wistron is expected to begin manufacturing iPhone 8 in the country, while Foxconn’s plans are to support higher levels of manufacturing of existing clients such as Xiaomi and Nokia phones. Between the two Taiwanese companies, Wistron has applied to the government to invest $0.7 billion (Rs 5,000 crore) and Foxconn $0.35 billion (Rs [...]

Mumbai-based Svasti Microfinance Pvt. Ltd has raised $4.8 million (Rs 34 crore) from a clutch of investors including Nordic Microfinance Initiative (NMI) and Serum Institute of India CEO Adar Poonawalla. Svasti will use the capital to expand its branch network, increase its portfolio of loans to small and medium-sized companies, it said in a statement. The lender will also use the money to provide other financial services such as consumer finance and insurance in partnership with other leading institutions. Arunkumar [...]

Kanpur-based Lohia Group has acquired an Israeli company, Light and strong Ltd, specialising in aerospace and military carbon fibre and glass fibre composite components production, with the aim of becoming a leading supplier for global original equipment manufacturers (OEMs) in the aerospace and defence sector. The Group's director, Anurag Lohia, said that the acquisition would help establish a firm international footprint for the group and in further growing new markets. He added, “We believe this marks the beginning of our [...]

Expense management start-up Fyle has scooped up $4.2 million (Rs 30 crore) in its Series A round led by Tiger Global.  The Bengaluru-based start-up also saw the participation of existing investors – Pravega Ventures and Beenext in this round. Pravega, Beenext along with Girish Mathrubootham-led Freshworks had participated in $1.1 million round in Fyle in April last year. The development comes two months after media reports suggested the comeback of Tiger Global in India with funding in Fyle along with [...]