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M&M gain 100% stake in Agritech Startup MITRA

Mahindra & Mahindra (M&M) increased its stake from 47.33% to 100% after signing final deals with agritech startup MITRA. MITRA is now a fully owned division of M&M. M&M has acquired the startup's share from Omnivore, who had backed MITRA, as part of the agreement.

Laxman Narasimhan becomes Starbucks CEO

Indian origin Laxman Narasimhan has succeeded Howard Schultz as CEO of Starbucks. Narasimhan is the latest business executive of Indian descent to hold the top job at a major multinational.