Darpan Sanghvi, CEO of Good Glamm Group, announced the acquisition of Sirona Hygiene for Rs 450 crore, marking a significant cash exit in the FemTech space. Co-founders Deep Bajaj and Mohit Bajaj stepped down, paving the way for a new chapter in Sirona’s journey. Sirona, known for its innovative women’s health products, has seen significant growth and market confidence, with the deal providing windfall benefits to employees and validating their hard work.
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IAF squadron shortage being addressed through multi-pronged approaches: Parliamentary panel
The Indian Air Force has experienced a reduction in fighter squadrons due to the phasing out of older aircraft models, leading to a shortage that is being addressed through various approaches. A parliamentary panel report also highlighted incidents of spying within the IAF, with actions taken against those involved. The report emphasizes the need to address the depletion in squadron strength and discusses the combat capabilities of the Tejas aircraft. Full Article
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