Ebix Inc has reportedly acquired 67% stake in a Delhi-based B2B marketplace called Routier for trucking logistics. Routier is the first start-up where Ebix has made a strategic investment. Ebix is basically a Nasdaq listed international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries. On the other hand, Routier is a cloud-based […]
Investing in stocks is a risky job and often people are confused about which stock to choose while they invest a sum. The market since the start of the year 2017 had been very strong with the Nifty registering a 35 percent growth. However, some of the players wiped out of in last 2 months. […]
The e-commerce player eBay has reportedly filed a lawsuit against Amazon stating that the online retail giant used eBay’s messaging system to steal its sellers. In the following lawsuit, eBay said Amazon representatives signed up for eBay accounts and messaged sellers to get them to sell their goods on Amazon.com. This violated its user agreement. As far as the complaint is concerned, Amazon representatives […]
Windows 10 was made available to the users only a few days ago and has the update has now been suspended citing various reports of user data loss. “We have paused the rollout of the Windows 10 October 2018 Update (version 1809) for all users as we investigate isolated reports of users missing some files after […]
The most popular methods of fundraising these days for companies is either through investors or through the launch of IPO. Initially, the companies generally go for raising funds from the investors. This has become a vital part of a business and thus, here we have the top five funding activities that took place this week. […]
As many as 21 companies went public this year and shares of more than half of all these companies are trading below their issue price. The main reason behind this has been the market volatility, aggressive pricing and sometimes stock and sector-specific issues. Out of 21 initial public offers (IPOs) in 2018, shares of 11 companies […]
English champions Manchester City posted record revenues of 500.5 million ($652 million) in a record-breaking 2017/18 campaign on the pitch as Pep Guardiola’s men romped to the Premier League title amassing 100 points. City reported profits of 10.4million, a fourth consecutive year of profitability, with wages to revenue ratio falling to 52 percent. “Our journey […]
Tata Communications has launched an advanced cyber security response centre in Dubai. The centre will offer 24/7 cyber security services to help customers stay one step ahead of evolving cyber threats in the Middle East region. This move marks Tata Communications’ fourth dedicated security centre, after Chennai, Pune and Singapore by debuting in Dubai. “Through the new cyber […]
Venture Catalysts, India’s integrated incubator has announced investment worth Rs. 2 crores into Playtoome, a live entertainment destination, via Pre-Series A investment. Led by VCats angels, the funding round saw participation by Arihant Patni, serial entrepreneur Bhaskar Raju Konduru, Founding member of Red Bus & current CTO at Housejoy, Goverdhan Singh Jamwal, Chairman Kunwar Viyogi Memorial Trust, philanthropist and art and […]
Amazon’s online payments processing service Amazon Pay is looking forward to acquiring personal assistant platform Tapzo in a part-stock and part-cash deal with an aim to build on its payment offering and create multiple use cases for it. The deal has been valued at between $40-45 million. The stock component will give a cash-out to investors whereas Ankur Singla and […]
In the last few years, India has been witnessing a huge growth in the number of startups and thus, the birth of entrepreneurs in the country has also risen. With this, our country has got such an amazing number of talented and hard-working entrepreneurs that have helped India to reach a different level of success. […]
New Delhi-based car-sharing platform Revv has reportedly secured funds amounting to Rs 100 Crore in a Series B funding round. This particular round was led by the popular South Korean car maker Hyundai Motor. The other investors that participated in this round included Edelweiss and Beenext that are the company’s existing investors. Along with this, fresh investors […]