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KKR invests $95 mn in eyewear retailer LensKart

India-based omnichannel retailer LensKart has raised $95 million from KKR under definitive agreement via secondary stake acquisition. "Upon the completion of the transaction, KKR will...

SNVA Ventures contributing to UK-India Trade Agreement 2021

In an increasingly global world, free trade agreements can be a critical and progressive step toward increased international integration, and they are becoming increasingly...

Timely & proactive set of announcements for all stakeholders: CH. S.S Mallikarjuna Rao, MD & CEO, PNB

RBI has come out with a timely and proactive set of announcements for all stakeholders, including individuals, small businesses, and MSMEs, to mitigate the...

Relief measures for MSME, Individuals couldn’t be more timely: Ramesh Iyer, MD & VC, Mahindra Finance

Speaking on the announcement made by the Reserve Bank of India (RBI) on reopening of one-time restructuring for Individuals, and MSMEs till September 20,...

Reopening of on-time restructuring for individuals & MSME is a great relief

The RBI's announcement of re-opening one-time restructuring for individuals and MSMEs till September 30, comes as a great relief.  Further in cases where, individual borrowers...

eYantra acquires digital marketing agency Digital Ozone

Brand merchandising and marketing company eYantra has announced the acquisition of digital marketing agency Digital Ozone for an undisclosed amount. "With this acquisition, eYantra aims...

Yandex acquires Acropol Bank for $14.7 million

Yandex has today announced the acquisition of 100% stakes of Acropol Bank for RUB 1.1 Billion (appx. $14.7 million). In a filing with the exchange,...

ADV Partners, Premji Invest to acquire a majority stake in Micro Plastics

Asian private equity firm ADV Partners and Premji Invest have announced to acquire a majority stake in Bengaluru based plastic molding company Micro Plastics...

ixamBee mergers with online competitive Exam Preparation platform TargetRBI

Leading edtech platform ixamBee has announced the merger of online competitive exam preparation platform TargetRBI.  TargetRBI is an initiative launched in 2012 by former RBI...

Neobank Fi partners with Federal Bank to launch its service India

Neobank for salaried millennials Fi has today announced the launch of its service in India. Fi, was established with a strong purpose to help people...

M1xchange scores $10 mn from Amazon and others

M1xchange, a Reserve Bank (RBI) approved Trade Receivable Discounting System (TReDS) license holder has raised $10 million in new round funding led by Amazon. The...

Flipkart acquires 100% stake in online travel company ClearTrip

Walmart-owned e-commerce company Flipkart has announced the acquisition of online travel company ClearTrip for an undisclosed amount. "Under the terms of the agreement, Cleartrip operations...

Bharat Petroleum Corporation Ltd, Accenture teams up to digitize sales and distribution network

India's largest oil and gas company, Bharat Petroleum Corporation Ltd (BPCL) has announced its partnership with Accenture to digitize its sales and distribution network. "As...

Paytm Payments Bank books over 900mn digital transactions in March

Paytm Payment Bank Limited (PPBL) on Tuesday said, "It has registered over 900 million digital transactions in March 2021." "The growth in digital transactions was...

India-EU trade deal negotiations to re-start from next month

"The trade deal negotiation between India, and the European Union (EU) on a free trade agreement that has been stalled since 2013, will restart...

Pine Labs acquires Fave in $45 mn cash and stock deal

Pine Labs, a digital payment and commerce solution provider to merchants has announced the acquisition of Malaysia-based Fintech startup Fave for $45 million in...

Morgan Stanley India Infrastructure acquires stake in iBus Network for Rs 150 crore

Morgan Stanley and iBus Network ("iBus") today announced that Morgan Stanley India Infrastructure has invested ₹150 Crores (US$ 21 Million) to acquire a stake...

U GRO Capital, SBM Bank partners to launch credit card for MSMEs

Small business financier U GRO Capital has announced its partnership with SBM Bank to launch 'GRO Smart Business' credit cards for small and medium...

Cashinvoice records Rs 2,100 crore of throughput in FY20-21

The digital supply chain finance marketplace has recorded a transaction throughput of Rs 2,100 crores in FY 2020-21. Launched in 2018, Cashinvoice offers end-to-end Supply...

Jana Small Finance Bank partners with Axis Securities to offer investment services

Jana Small Finance Bank has today announced its partnership with Axis Securities to offer investment services to its customers through a 3-in-1 account. "As a...

PM Narendra Modi criticizes CM Mamta’s poor industrial policy

Prime Minister Narendra Modi on Saturday, criticized CM Mamta Banarjee's government Industrial policy that has affected local industries. Addressing a political rally at Hooghly, West...

HDFC Capital, Cerberus launches special platform to support residential real estate projects

HDFC Capital Advisors Ltd (HDFC Capital) has partnered with an affiliate of Cerberus Capital Management LP to launch a special situation platform focused on...

ICICI Bank partners with PhonePe to issue FASTag

Private sector lender ICICI Bank has announced its partnership with e-wallet company PhonePe to issue FASTag using UPI in PhonePe App. "The partnership will allow...

Pine Labs launches ‘Buy Now Pay Later’ scheme in Malaysia

Asia's leading merchant commerce platform, Pine Labs has announced the launch of its Buy Now Pay Later (BNPL) scheme in Malaysia. "The offering will accelerate...

Piyush Goyal: Cabinet approves Rs 10,900 crore PLI Scheme for the food processing sector

The Union Cabinet has approved the Rs 10,900 crore as incentives under the Production Link Incentives (PLI) Scheme for the food processing industry. "Headed by...

IVCA-EY report: India received $232.4 bn in PE-VC investments during 2011-2020

IVCA-EY report in its new report named 'PE/PV Agenda: India Trend Book' said, "India has received US$232.4 billion from 2011 to 2022. IVCA-EY in its...

U GRO Capital expands its network in Gujarat, plans to support 10,000 small business by March 2022

In addition to 5 new branches in the state, India-based leading small business lender U GRO Capital has announced the expansion of its network...

Dukaan extends support to COVID-19 hit merchants in Pune and Mumbai cities

Dukaan app has announced to extend its support to merchants in Pune, and Mumbai cities, whose business has been impacted due to COVID-19 restrictions...

Fractional Ownership is the future of commercial real estate investment

Indians for long have invested their household savings in Gold and Real estate. You can't but agree more with Theodore Roosevelt: "Every person who invests...

REPL bags multiple orders from Govt of Assam, Uttarakhand, and Odisha

Delhi-based infrastructure consultancy firm REPL announced that it has bagged 3 different orders from the state governments of Odisha, Assam for Architectural & Engineering...

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