September 17th, 2018Online marketplace IndiaMART InterMESH Ltd have received markets regulator Sebi's go-ahead to float initial share sale offers.
With this, the number of companies getting Sebi's approval to float an initial public offer (IPO) has reached 50 this year so far.
Indiamart which had filed draft their respective draft offer documents with...
May 16th, 2018Deutsche Bank, the German investment bank and financial services recently announced the acquisition of its first Indian fintech startup, Quantiguous Solutions for an undisclosed amount. The acquisition was made as the bank looks to strengthen several divisions and applications.
Post the acquisition deal, all employees of Quantiguous...
April 26th, 2018According to a study by Indian Council for Research on International Economic Relations (ICRIER), Indian economy is estimated to have suffered a loss of USD 3 billion due to internet shutdown from 2012-17.
The study was conducted to observe the internet shutdown across various devices and ecosystems linked to them.
Rajat Kathuria,...
December 27th, 2017Online money lending platform Lendingkart has recently raised Rs 25 crore debt funding from State Bank of India.
In a press release, Lendingkart said that the funding is in the form of cash credit facility which will allow the company to draw the amount over separate tranches as and when required.
This investment also marks the...
January 26th, 2017Wipro Ltd. a leading global information technology, consulting and business process services company today signed an agreement to acquire InfoSERVER S.A. for BRL 27.6 Million (USD 8.7Mn).
InfoSERVER, an IT services provider, which is focussed on the Brazilian market, provides custom application development and software deployment...
January 19th, 2017Telecom and banking technologies start-up Mobme said it is looking to raise up to Rs 130 crore in the latter part of 2017 to invest in research and development and expansion to international geographies.
"We are looking to raise Rs 100-130 crore after June, primarily for our digital banking and customer experience analytics...
June 27th, 2016Wirecard AG is negotiating with representatives of Alipay, a unit of Chinese e-commerce giant Alibaba, about it taking a stake of up to 25 percent in the German banking software company, a newspaper reported on Sunday.
Without citing its sources, the Bild am Sonntag weekly said Wirecard was in confidential talks with Alipay about it...
May 7th, 2016State Bank of India (SBI), India's largest commercial bank launched mVisa, a mobile-based payment solution app. The app would enable customers to make cashless payments simply by scanning the unique merchant quick response (QR) code at shopping outlets.
mVisa is a mobile based payments solution that would facilitate payments by...
