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Business
AION Capital Partners infuses $40 million in Clix Capital
India's leading digital-lending platform for SMEs, Clix Capital has raised $40 million as fresh funding from its existing investors AION Capital Partners Ltd, and its promoters Pramod Bhasin, and Anil Chawla.
The new round funding, which…
DHFL proposes draft resolution plan to convert debt to equity
India's crisis-hit shadow bank Dewan Housing Finance (DHFL) has submitted a draft resolution plan proposing to convert debt to equity while seeking to sell assets and raise more capital.
DHFL, the country's fourth-biggest housing finance…
Exxon Mobil, Royal Dutch Shell among groups to build five LNG terminals in Pakistan
Pakistan has approved the construction of five liquefied natural gas (LNG) terminals by groups that include Exxon Mobil Corp and Royal Dutch Shell, aiming to triple imports and ease the country's chronic gas shortage.
The five terminals…
Wipro Consumer Care Ventures to fund —India, Southeast Asian consumer brands startup
India’s leading FMGC company, Wipro Consumer Care and Lighting have announced a launch of its new venture fund called “Wipro Consumer Care Venture,” to fund Southeast Asia, and Indian startups in consumer brands space.
In a statement, the…
Groww raises $21.4mn from Ribbit Capital, Sequoia India, and Y Combinator
A Bengaluru-based investing platform, Groww has raised $21.4 million in series B round funding from U.S. based Venture Capital firm Ribbit Capital, and others.
The new round funding led by Ribbit Capital also saw the participation of some…
InstaReM starts digital money transfer service in Canada
Solidifying the company’s presence in North America. Singapore -based cross-border digital payment company, InstaReM has announced the launch of cost-effective digital cross-border payments transfer service in Canada, and has also registered…
M&M incorporates MBPL of Bangladesh as a wholly-owned subsidiary
India’s largest automaker company, Mahindra and Mahindra has incorporated ‘Mahindra Bangladesh Private Limited (MBPL)’ as its wholly-owned subsidiary.
In a filing at the BSE, the Mahindra and Mahindra said that “the company has incorporated…
United States unveils plans to extend scrutiny of foreign investments
The US government outlined more detail on September 17 on its plans to beef up foreign investment oversight, including a proposal to permit the blocking of some foreign purchases of real estate within 100 miles (160 kilometers) of military…
Mindtree introduces Blockchain-powered ‘Merchant On-Boarding’ solutions for Banks and…
A Banglore-based technology service provider, Mindtree on Wednesday launched its new Blockchain-powered “Merchant On-Boarding” solutions for banks and payment service providers.
In a statement issued by the company, the Mindtree, said: “It…
Trade deal with China in the offing, says President Donald Trump
A trade agreement between the US and China is likely to happen either before or immediately after the American elections, President Donald Trump has said, exuding confidence that the treaty signed after the presidential polls in 2020 would be…