Coforge, an Indian IT services and solutions provider formerly called NIIT Technologies, withdrew its plans for an initial public offering in the US on Wednesday, Renaissance Capital reported. It had initially filed in November 2021 to raise an estimated $750 million from the sale of American Depository Receipts/Shares (ADS) in the US but had not… Continue reading Indian IT services provider Coforge withdraws US IPO planThe company was previously backed by BPEA EQT.
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Profitability, customer experience far more important than founder’s gender, says Saladin co-founder Vivien Le
Vivien Le, the co-founder and chief executive of Vietnamese insurtech startup Saladin, attributes her entrepreneurial journey to the dramatic economic transformation she witnessed firsthand in her home country. The former Morgan Stanley and McKinsey executive took the plunge in 2021 and set up Saladin, which seeks to plug the gaps in the local insurance market… Continue reading Profitability, customer experience far more important than founder’s gender, says Saladin co-founder Vivien Le
Nordic Capital to invest in leading digital insurance payments network One Inc to drive continued growth and product innovation
Strategic investment will support One Inc’s mission to digitalize and modernize the insurance industry FOLSOM, Calif, March 14, 2024 /PRNewswire/ — Nordic Capital, one of the most active and experienced investors in Technology & Payments globally, today announced that it will join Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies,… Continue reading Nordic Capital to invest in leading digital insurance payments network One Inc to drive continued growth and product innovation
Cummins Announces Preliminary Results of Atmus Filtration Technologies Inc. Exchange Offer
COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins Inc. (NYSE: CMI) (“Cummins”) announced that, based on preliminary results, its previously announced offer to its shareholders to exchange their shares of Cummins common stock for shares of Atmus Filtration Technologies Inc. (NYSE: ATMU) (“Atmus”) common stock owned by Cummins was oversubscribed. The exchange offer expired at 12:00 midnight, New York… Continue reading Cummins Announces Preliminary Results of Atmus Filtration Technologies Inc. Exchange Offer
Schoeller Allibert chooses IFS Cloud to support operational and sustainability ambitions
ERP software will enable packaging solutions producer to track and report on ESG performance, while further enhancing the sustainability performance of its products LONDON, March 14, 2024 /PRNewswire/ — IFS, the global cloud enterprise software company, today announced that Schoeller Allibert, a global leader in returnable plastic packaging for material handling, has upgraded its enterprise… Continue reading Schoeller Allibert chooses IFS Cloud to support operational and sustainability ambitions
Allegiant Air Elevates Inflight Experience with Spring Menu Updates
Passengers can now enjoy more familiar favorites and brand new offerings LAS VEGAS, March 14, 2024 /PRNewswire/ — Allegiant Travel Company (NASDAQ: ALGT) invites passengers to indulge in its new Spring inflight menu options. This update, designed to enhance the onboard experience, includes familiar favorites and brand-new offerings, ensuring a delightful journey for travelers. “Our goal… Continue reading Allegiant Air Elevates Inflight Experience with Spring Menu Updates
California State Lottery Awards ICF New $58 Million Contract
Company Will Expand Website Development and Cloud Infrastructure Support Services RESTON, Va., March 13, 2024 /PRNewswire/ — California State Lottery has recently expanded its collaboration with global consulting and technology services provider ICF (NASDAQ:ICFI) through a new $58 million contract award to continue supporting the Lottery’s website. The base contract term is five years, with… Continue reading California State Lottery Awards ICF New $58 Million Contract
UK-based PE Apax Partners names Leo Puri as India chairman
UK-based private equity player Apax Partners LLP on Wednesday said it has named Leo Puri as its advisor and chairman of Apax India. Puri has extensive experience in private capital and the broader financial services industry, having held senior roles at UTI Asset Management, McKinsey & Company, and Warburg Pincus in India. Puri also previously… Continue reading UK-based PE Apax Partners names Leo Puri as India chairman
Heritage NOLA Bancorp, Inc. Announces Application Status and Shareholder Approval for Proposed Merger With M C Bancshares, Inc.
COVINGTON, La., March 13, 2024 /PRNewswire/ — Heritage NOLA Bancorp, Inc. (the “Company”) (OTC Pink Marketplace: “HRGG”), the holding company of Heritage Bank of St. Tammany, Covington, Louisiana, announced today that it has been informed that M C Bancshares, Inc. (“M C Bancshares”) and M C Bank & Trust Company, Morgan City, Louisiana, have withdrawn their applications… Continue reading Heritage NOLA Bancorp, Inc. Announces Application Status and Shareholder Approval for Proposed Merger With M C Bancshares, Inc.
1 Wall Street Analyst Cuts Nio’s Price Target by 23%: Here’s Why He’s Right
Although it has plunged more than 36% since the start of the year, Nio (NIO 2.71%) stock is poised to hit the brakes on its downward path and drive back up — just not as much as he previously thought. While Tim Hsiao, an analyst at Morgan Stanley, had previously thought that Nio stock would… Continue reading 1 Wall Street Analyst Cuts Nio’s Price Target by 23%: Here’s Why He’s Right