HCL to buy business intelligence platform Jaspersoft for $240M
HCLSoftware, the software arm of IT services behemoth HCLTech, has declared that it intends to acquire the business intelligence platform, Jaspersoft, from Cloud Software Group. This acquisition will be an asset-carve out deal with a price tag of $240 million. The entire staff of Jaspersoft, consisting of 115 people, will…
FirstCry parent Brainbees to acquire KA Hygiene for Rs 58 crore
Pune-based Brainbees Solutions, parent company of FirstCry, announced its acquisition of K.A. Enterprises (Hygiene) Private Limited via its subsidiary, Swara Baby Products Private Limited, as part of its further entry into the hygiene & disposable products category. In a filing made by Brainbees Solutions with the corporate affairs authority on…
Nikhil Kamath and Kishore Biyani launch The Foundery to build early-stage startups in 90 days
Nikhil Kamath and Kishore Biyani have launched an entity called The Foundery, also called a residential business launchpad where they intend to identify and also develop early-stage Indian startups. The Foundery is otherwise called a co-founder factory and is based on an innovative 90-day residential program in which entrepreneurs develop…
Textiles Ministry extends $935,000 support to Odisha weavers
The Textiles Ministry has given financial assistance worth US$935,000 to weavers belonging to the Handloom sector in the State of Odisha. The Union Ministry of Textiles has given financial assistance of Rs. 8.38 crores (US$935,000) to a total of 6,572 Handloom weavers spread over 17 handloom clusters in the districts…
