Usha Rao-Monari Appointed UN Under Secretary General, Associate Administrator of UNDP indiawest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiawest.com Daily Mail and Mail on Sunday newspapers.
Secretary-General Antonio Guterres has appointed investment professional Usha Rao-Monari as an Under Secretary General and the associate administrator of the UN Development Programme (UNDP).The announcement on Wednesday said that she has over .
Acquisitions In Indian Startup Ecosystem
Sweden-based free-to-play gaming studios Stillfront Group will acquire Bengaluru-based Moonfrog Labs Private Limited, the company behind popular games like Teen Patti Gold, Ludo Club, Rummy Gold and others. The acquisition will be conducted in four tranches, leading to a 100% takeover.
Online travel and ticketing company Ixigo announced that it will acquire 100% stake in train discovery and booking startup Confirmtkt. The transaction would be a through mix of cash and Ixigo stock. Both companies would continue to operate independently after the transaction.
Other Developments Of The Week
Mumbai-based higher edtech platform upGrad is reportedly in advanced talks to raise $100 Mn from Temasek and World Bank’s International Finance Corporation (IFC) at a valuation of $450 Mn – $500 Mn.
POLITICO Playbook PM: Team Biden gang-tackles Summers
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President Joe Biden is holding firm to the belief that he needs to go big on Covid relief. | Stefani Reynolds-Pool/Getty Images
The
LARRY SUMMERS op-ed about the Biden stimulus bill that we flagged this morning has set the left wonkosphere on fire. Summers is warning that $1.9 trillion in new spending would amount to three times what is needed to fill in the hole in the economy, and could lead to an overheated economy and financial instability before next year’s midterms. And, more important to progressives, make it difficult to pass President
The carbon choreographer: Mahindra Group s Anirban Ghosh on building a carbon neutral business empire
Anirban Ghosh | Credit: Mahindra Group
The chief sustainability officer tells BusinessGreen how the Indian business group is steering more than 150 companies behind a 2040 carbon neutrality goal
The Mahindra Group prides itself on giving its subsidiaries space to grow and innovate. The $20bn company styles itself as a federation, a structure it says is less restrictive than a traditional conglomerate. While best known for the tractors and rugged 4&4s sold by its automotive arm, the group in fact incorporates more than 150 companies, with firms operating in nearly two dozen disparate sectors, from steelmaking and farm equipment to real estate, electric mobility, hospitality, renewable energy, and ICT.