E-commerce firm Infibeam Incorporation is eyeing a valuation of as much as $334 million as it sells shares next week in the sector's first initial public offering.
The company, founded by former Amazon.com employee Vishal Mehta in 2007, set a...
March 11th, 2016Two of the billionaire co-founders of software major Infosys, S Gopalakrishnan and S D Shibulal, and some of the latter's family members sold 7.5 million equity shares of the company for Rs 862 crore on exchanges.
The sale was executed by Citigroup Global Markets India Private Limited as the sole broker for the sale of shares,...
March 3rd, 2016FreeCharge wallet has partnered with Mexican movie theatre chain, Cinepolis to provide a platform for secure and easy digital payments. The partnership will start in the second week of March and customers can pay for movie tickets and food and beverages across 38 Cinepolis theatres in 28 Cities.
FreeCharge is the first digital wallet...
February 26th, 2016Flamboyant businessman Vijay Mallya will get $75 million (Rs 515 crore) from Diageo as part of an "agreement" for his exit from United Spirits, a company founded by his family and now run by the global liquor giant.
Besides, Diageo has agreed that Mallya will have no "personal liability" to the UK-based company in relation to the...
January 30th, 2016Alibaba.com, the wholesale trading platform of China's Alibaba Group, today unveiled its first physical trade facility centre in the country at Jaipur and a Hindi portal, aimed at connecting small and medium businesses with global buyers.
"We are excited about working with our Indian partners to provide comprehensive and dedicated...
January 29th, 2016Reuters- Hoping to provide greater clarity into the performance of its many holdings, Alphabet Inc said it would report financial results under two segments, Google and "Other Bets," when it releases fourth-quarter earnings on Monday.
Under Google, Alphabet will report the results of its main Internet and related businesses such as...
January 22nd, 2016Chinese conglomerate Dalian Wanda Group said on Friday it would develop a $10 billion industrial park in northern India, its first project in the country.
The company owned by China's richest man Wang Jianlin said it would be the lead investor in the project's initial infrastructure and also ask Chinese firms to take...
January 19th, 2016Japanese department store chain Kintetsu announced on Monday that it will introduce China's online payment solution Alipay in four of its department stores in Osaka so as to attract more Chinese tourists.
According to Kintetsu, it would be the first department store chain in Japan to use Alipay, though the well-known Chinese...
January 13th, 2016Baidu Inc, a Chinese web services company, is in talks to invest in Indian e-commerce start-ups including Zomato, BookMyShow and BigBasket, a spokesman for China's top online search provider said on Wednesday.
"The Indian market represents an enormous opportunity for us to connect more people with services, and we plan to put more...
January 11th, 2016Chennai: Country's largest oil marketing company Indian Oil on January 11, announced its partnership with logistics start-up firm http://www.fortigo.com/Fortigo, aimed at providing technology based solutions to small truck owners. Fortigo is funded by various venture capitalists including Infosys co-founder Nandan Nilenkani.
The...
Indian firms mopped up over Rs 68,608 crore through the equity market route in 2015. This is 76 percent higher than Rs 39,067 crore raised through the equity market in 2014.
Out of the total Rs...
December 28th, 2015Automotive components firm Sandhar Technologies has received market regulator Sebi's approval to raise at least Rs 300 crore from an initial public offering.
The company had filed the draft red herring prospectus (DRHP) with Sebi on September 29, seeking permission for an IPO.
The Securities and Exchange Board of India (Sebi) has...
