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  JK CEMENT: Acquired majority stake in ACRO PAINTS for Rs 153 cr.. It's wholly -owned subsidiary JK paints and coating LTD has entered into a share purchase agreement with Acro paints LTD and it's shareholders to acquire a 60% controlling stake in the company. The remaining 40% shall be acquired over a period of 12 months as per the definitive agreement entered between the parties, a joint statements said. Acro paints is a manufacturer of architecture and high performance paints and coating... This acquisitions is a step towards fast tracking JK cements entry into the paints business, expanding its products offerings and potentially foray into new market it added.... JK cement managing director Raghavpat singania said this acquisitions will create adjacencies that will act as a key driver for growth of the company.. JK cement CEO Madhavkrishna singhania said , we have a focused launch plan to gradually deepen our presence in our strong markets over the next few years , and hav...

  Reliance industries to acquire 79.4% stake in US-based SenseHawk for $32 million... Oil to telecom conglomerate Reliance industries (RIL) has entered into sensehawak Inc. for acquiring 79.4% stake in the company, through primary infusion and secondary purchase, for a total consideration of $ 32 million, the company said on Tuesday. Founded in 2018 sensehawak is an early -stage California -based management tools for the solar energy generation industry. Sensehawak helps accelerate solar project from planning to production an by helping companies streamline process and use automation . It provides a solar digital platform to manage the end to end solar asset lifecycle.the turnover of sensehawak for FY 2022 , FY 2021 and FY 2020 was $2326369, $1165926 and $1292063 respectively. Rahul sankhe , president and co-founder, SenseHawk said, We are an a mission to improve the solar energy ecosystem acquiring 50% of the market by 2025 and with RIL as our partner, we will accelerate on our ex...

  Meet Ajay Banga, IIM alumnus whose daily salary was Rs 52 lakh, his net worth is... US President Joe Biden announced on Thursday that Ajay Banga will head the World Bank. If the board of directors approve his nomination, he will become the first person of India origins to assume the prestigious post. Biden praised him for his significant expertise on issues like climate change. Banga is one of the most accomplished professionals in the world. He was the chief operating officer at Mastercard where he earned a whopping Rs 52,60,000 per day. Banga retired from Mastercard last year. He is presently the vice chairman of the equity firm General Atlantic. Before Mastercard, Ajay Banga had been with the Citigroup and Nestle in India. He is also the chairman of Exor, a Dutch investment firm. COMMERCIAL BREAK SCROLL TO CONTINUE READING Currently, the World Bank's chief economist Indermeet Gill is also of Indian descent. Ajay Banga has over 30 years of experience. He has been on the boards ...