News in brief2019-08-02T11:03:09+00:00

News in Brief

Xiaomi partner sets up plant in Greater Noida

Xiaomi’s component supplier Holitech Technology said it has set up its first component manufacturing plant in Greater Noida and would invest around $200 million over three years in India. Holitech, [...]

Hexaware acquires US-based Mobiquity

IT services company Hexaware Technologies Ltd has acquired US-based digital services firm Mobiquity for $182 million in an all-cash deal, the company said in an exchange filing. With a presence [...]

Amazon to invest in Ninjacart

E-commerce major Amazon is in talks to invest in Bengaluru-based farm produce supply chain platform Ninjacart, which directly connects farmers and businesses. Amazon’s vertical which deals with retail of farm [...]

Tech Mahindra to acquire Canada’s Objectwise

Tech Mahindra Ltd, the software services arm of the diversified Mahindra Group, is acquiring Canada-headquartered IT consultancy Objectwise Consulting Group Inc for CAD 2.75 million (around $2.05 million or Rs [...]

Mahindra bets on Swiss agritech start-up

Mahindra & Mahindra Ltd has agreed to invest 4.3 million Swiss francs ($4.3 million or Rs 30 crore) in Switzerland-based agricultural-technology company Gamaya SA. The company said in a stock-exchange [...]

Japan’s Nikkei picks up stake in NewsRise

Japanese media company Nikkei Inc, which owns The Financial Times Ltd, has bought a 25.99 per cent stake in Indian financial news firm NewsRise Financial Research and Information Services. The [...]

Blackstone acquires Aadhar Housing Finance

Global investment firm Blackstone has bought a majority stake in Aadhar Housing that caters to the housing financing needs of low-income households. Blackstone has bought 97.7 per cent stake in [...]

India Global Business

Consigning Tebbit to history

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