NIIT MTS Acquires SweetRush for Up to $26 Million
NIIT Learning Systems Limited, through its NIIT Managed Training Services (NIIT MTS) arm, has recently acquired 100 per cent of US-based SweetRush, Inc for an aggregate consideration of up to USD 26 million. The transaction was completed via NIIT MTS’ wholly owned subsidiary, NIIT (USA), Inc., and includes performance-linked earnouts over the next five years, subject to customary adjustments.Headquartered in San Francisco, SweetRush was founded in 2001 by Arturo Schwartzberg and Andrei Hedstrom. The company employs over 100 professionals, supported by an extended network of learning experts ..
Lemon Tree–Fleur Restructuring to Create Two Focused Platforms
Lemon Tree Hotels Limited and Fleur Hotels Limited have recently announced that their Boards have approved a Composite Scheme of Arrangement to simplify group structure, sharpen strategic focus and unlock long-term shareholder value, subject to regulatory and shareholder approvals.The reorganisation will result in two distinct yet complementary platforms. Lemon Tree Hotels will operate as a pure-play, asset-light hotel management and brand platform, while Fleur Hotels, a subsidiary of Lemon Tree, will emerge as a large-scale hotel ownership and development platform with a strong growth pipelin..
BCPL Wins Rs 86.64 Mn OHE Order from Eastern Railway
BCPL Railway Infrastructure, Eastern Railway, Sealdah Division, 25KV OHE works, railway electrification project, Indian Railways EPC, overhead electrificationBCPL Railway Infrastructure Limited has recently secured an order for 25KV overhead electrification (OHE) and allied electrical works in the Sealdah Division of Eastern Railway. The company has received the letter of acceptance for the project titled ‘Removal of In-between Track OHE Masts over Sealdah Division’.The total value of the project stands at Rs 86.64 million and is scheduled to be executed over a period of 12 months. The sco..

