August 7th, 2018Masayoshi Son led Japanese leading tech company SoftBank net profit soared more than 50-fold from a year earlier to 313.7 billion yen (USD 2.8 billion) in the latest quarter thanks to Flipkart acquisition and coworking space Wework growth in India.
Last year in the same quarter, SoftBank's profits slumped to 5.5 billion yen due to its...
July 13th, 2018Kobster, a tech-enabled sourcing platform facilitating businesses to buy goods online has recently raised their Pre- Series A round led by Incubate Fund.
Mr. Murugavel Janakiraman (Founder and CEO of Matrimony.com), Mahesh Parasuraman (Co-Founder & Partner at Amicus Capital Partners), Kishore Ganji (CEO Astir IT Solutions Inc),...
July 5th, 2018Volkswagen Group, which is the parent company of Skoda India Auto has plans to invest an amount of $1.16 billion (Rs 79 billion) in the Indian operations of Skoda under a programme named 'India 2.0'.
The basic purpose of this investment is to develop fresh products and improve localization. Along with this, it will involve the...
June 11th, 2018The Indian retailer body known as Retail trader body Confederation of All India Traders (CAIT) has threatened nationwide agitation if the Indian government clears $16 billion Walmart-Flipkart acquisition deal.
The US-based retailer Walmart acquired 77% stake in Flipkart in its biggest takeover in the history till date. The deal values...
June 11th, 2018Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Honourable Prime Minister of India, Mr Narendra Damodardas Modi on April 8, 2015.
If you own a small business and want to have sufficient funds to make your business grow and flourish and need a strong financial backing? Then this scheme may help you grow.
The aim of...
June 7th, 2018The Mumbai-based, Kishore Biyani owned ‘Future Group’ soon plans to begin the door-to-door delivery of dairy products like milk, eggs and bread every morning to its customers. The service will be inaugurated in the coming two weeks in the metro cities as of now, but will surely reach to other cities later.
The milk delivery...
June 5th, 2018India's first profitable E-commerce company Infibeam will seek shareholders approval on June 28 to expand business in IT industry and also to launch a payments bank.
The Gujrat based company said in its official statement, "We are looking to enter into payment bank business and to raise Rs 2,000 crore".
The company has also...
June 2nd, 2018Business Tycoon Anil Ambani's Elder Son, Anmol Ambani has successfully stricken his first deal after being promoted as director of Reliance Capital, the holding company of the Reliance group’s financial services businesses.
Anmol has sold 60% stake of the company to a British Game developing company Codemasters for a whopping sum of...
May 8th, 2018Are you a small business owner facing a crisis on the economic front? Has your business fallen on hard times and things seem unresolvable? Running a business is never a cakewalk, but sometimes it gets tough to make both ends meet.
In the dynamic age of technology that is driven by gadgets and everything going "smart", one can never be...
April 17th, 2018Delhi based icanstay.com, an online luxury hotel booking platform for business travelers has raised a fresh round of funding of Rs 1.30 Cr from an angel investor Mr. Manoj Prasad, executive chairman at Singapore-based venture capital and management advisory firm MP Morgan Capital Partners Pte. Ltd.
Earlier the online platform has...
April 2nd, 2018In our fast-paced changing lives surrounded by technology "all-around", competition to excel is enormous. A strong online presence today is not only a "norm" rather a "necessity". Any budding startup or small or medium-sized enterprise (SME) today requires a strong online presence not only for marketing or expanding its customer base but...
March 21st, 2018Hyderabad-based financial company BASIX Sub-K iTransactions Ltd has raised Rs. 350 million funding to deepen their efforts towards greater financial inclusion in India.
The funds were raised from global nonprofit and financial inclusion pioneer Accion, and Nordic Microfinance Initiative (NMI), a public-private partnership, owned...
