Branded food company General Mills, Inc. (GIS) Wednesday announced that it has entered into a definitive agreement to acquire TNT Crust, a manufacturer of frozen pizza crusts for regional and national pizza chains, foodservice distributors, and retail outlets. The financial terms of the deal were not disclosed. As part of the acquisition, General Mills will also acquire two manufacturing facilities […]

International Game Technology PLC (IGT) announced Monday that it has entered into a definitive agreement to acquire iSoftBet, an igaming content provider and third-party game aggregator, for around 160 million euros in cash. The acquisition is expected to be completed during the second quarter of 2022, subject to the satisfaction of customary closing conditions. The iSoftBet portfolio contains around 125 […]

Biden oil lease program giving away 50K jobs, 500K barrels American Petroleum Institute Senior Vice President Frank Macchiarola details a study that found Biden’s five-year offshore oil and gas lease programs cost the U.S. the same amount of oil imported from Russia before its invasion of Ukraine. American Petroleum Institute Senior Vice President Frank Macchiarola slammed President Biden for outsourcing […]

The newly raised money will be deployed for developing a proprietary platform, accelerating hiring across multiple geographies and scaling up for expansion, as per a statement. Influencer marketing platform Kofluence on February 8 said it has raised $4 million (about ₹30 crore) in funding led by discount brokerage Zerodha’s co-founder Nikhil Kamath. Kunal Shah of fintech Cred, filmmaker Karan Johar, […]

NCR witnessed the most notable change in new project typologies. Vertical growth, one of the most defining characteristics of urbanisation in India over a decade, has become the latest COVID-19 ‘casualty’. Latest research by Anarock reveals that among new projects started since 2019, the share of high-rises had shrunk to 52% in 2021 against 63% in the pre-Covid year. Of […]

This ongoing crisis has created a large supply-demand imbalance as companies fail to meet their talent needs Employee engagement and retention has emerged as the worst-hit aspect of organisations in the technology sector amid the COVID-19 pandemic, according to a report. The other four aspects impacted the most by the pandemic were revenue, client engagement, new clients & projects, and […]

A similar amendment has been issued for licence issued to BSNL for providing satellite phone calls and data services. The government has mandated storage of international calls, satellite phone calls, conference calls and messages made over normal networks as well as on the internet for a period of at least two years, according to circulars issued by the telecom department. […]

High raw material cost spurs demand by textile industry The textile and clothing industry, which is facing high raw material costs, has sought duty-free import of cotton with quantitative restrictions. Textile machinery manufacturers are delivering almost two lakh spindles a month, said T. Rajkumar, chairman of Confederation of Indian Textile Industry. This means that substantial addition of production capacity has […]

As per the Companies Act, 2013, the board cannot appoint a person who fails to get elected as a director at a general meeting as an additional director. Putting in place stringent norms, SEBI has said that a person rejected by shareholders at a general meeting can be appointed or re-appointed as a managing director or whole time director or […]

The development of the EV ancillary cluster will begin from February 2022 in a phased manner. Electric Vehicle (EV) firm WardWizard Innovations and Mobility Ltd. said it has acquired 4 million sqft land along with its Promoters & Promoters’ Group for development of an EV ancillary project in Vadodara. This is in accordance with an MoU signed with the Government […]