Yellow Tie Hospitality Management LLP, a food and beverages franchise management firm, plans to invest up to $15-20 million in five restaurant ventures of Indian celebrity chef Harpal Singh Sokhi’s chain Funjabi Tadka. The funding will be utilized to relaunch some of the existing chains such as Twist of Tadka, a North Indian/Punjabi quick service restaurant, operational in Bengaluru and Amritsar.

Global IT services and solutions provider L&T Infotech (LTI) is all set to acquire Pune-based AugmentIQ Data Sciences Pvt Ltd, a startup offering IP-based, big data and analytics solutions that help enterprises derive business benefits from big data.With the acquisition, LTI will gain access to MAXIQ, the big data platform developed by AugmentIQ.