Brands
Snapdeal partners Jharkhand govt to promote bamboo products
MUMBAI: Snapdeal, India’s leading value-focused marketplace, has launched hand-made bamboo products from Jharkhand on its platform. The products were launched in partnership with Mukhya Mantri Laghu Kutir Udyog Vikas Board (MMLKUB), an initiative of the Department of Industries, Government of Jharkhand.
The selection will include a curated range of home and kitchen accessories and furniture made by the Kalindi and Sabars tribes from Jharkhand. Daily use items like baskets, racks, and stands are expected to be fast-moving items.
In line with the emphasis on reducing the use of plastic, there is also bamboo cutlery and kitchen range that includes straws, spoons, forks, bowls, mugs, tray, bottle cover, boxes, coasters and glasses.
Home decor items like lamps, sofa sets, tables, chairs, beds, showpieces, mats and vases made in warm tones of traditional hardwood are also part of the selection.
The artisans have also made unique fashion accessories like bangles, hair clips, earrings, necklaces, bags that depict the distinctive culture of the region. Kanshi grass, palm leaves, and beads made in eco-friendly material are also used in making the products.
Snapdeal has conducted a “train-the-trainers” program that will help officials of MMLKUB train artisans to sign up and list their products on the Snapdeal platform, using a simple 4-step sign-up process, which needs only bank details, phone & email and a GST number.
With the partnership, Snapdeal aims to make the indigenous bamboo industry mainstream outside Jharkhand.
“Jharkhand has high-quality bamboo in abundance. The tribes of this region are also skilled to make aesthetically appealing and functional items for Indian households. We are delighted to bring these fun yet eco-friendly bamboo items on our platform,” says Snapdeal spokesperson.
“Snapdeal's close connect with buyers from all over the country, including in the smaller cities, is a valuable opportunity to take the indigenous bamboo craft of Jharkhand deeper in India. Also, the training provided by Snapdeal to officials of the Department of Industries, govt of Jharkhand will help drive greater impact for this joint initiative," Government of Jharkhand secretary, industry K. Ravi Kumar.
Snapdeal enables small businesses to sell online. Its product assortment includes value merchandise which is available in the bazaars of India. Currently, Snapdeal has over 200 million SKUs from 5 lakh sellers on the platform. The platform has 70 million monthly users.
Brands
Wipro to acquire Alpha Net client contracts in $70.8 million deal
Move aims to boost AI-led services and expand global client portfolio
MUMBAI: Wipro Limited has signed a definitive agreement to acquire select customer contracts from Alpha Net Consulting LLC and its subsidiaries, in a deal valued at up to $70.8 million.
The transaction is expected to be completed by June 30, 2026. The acquisition, structured as a business transfer rather than an equity purchase, will give Wipro access to key client contracts, associated workforce and strategic relationships from the Alpha Net Group. The company said the move will strengthen its AI-powered and consulting-led application services capabilities, opening up new growth opportunities.
The consideration will be paid in cash and includes a deferred earnout component linked to performance milestones. No regulatory approvals are required for the transaction, and it does not fall under related party transactions.
The Alpha Net Group, founded in 2001 and headquartered in Santa Clara, operates across the US, Singapore, India, the UK and the Netherlands, offering enterprise software development, data engineering and managed services. The contracts being acquired generated revenues of $27.9 million in 2023, $34.4 million in 2024 and $37.3 million in 2025.
With this acquisition, Wipro is sharpening its focus on high-value client engagements and AI-led services, signalling a continued push to scale capabilities in a competitive global IT landscape.
