Business

Cisco Appoints Pete Shimer to Board, Daniel Schulman to Step Down

Cisco Systems (NASDAQ:CSCO) has appointed Pete A. Shimer to its board of directors, while Daniel H. Schulman will step down from the board, according...

Cisco Director Pete Shimer Files Initial Ownership Disclosure with SEC

Cisco Systems (NASDAQ: CSCO) board member Pete A. Shimer has filed an initial statement of beneficial ownership with the U.S. Securities and Exchange Commission...

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ACCA’s report lays down a roadmap for MSMEs to navigate their recovery

Micro, Small, and Medium Enterprises (MSMEs) are the growth drivers of the Indian economy and play a critical role in the equitable socio-economic development...

PNB Housing Finance draws Rs 4,000 crore from Carlyle and others

PNB Housing Finance Limited on Mondays said, "It's board has approved  a capital raise proposal of up to Rs 4,000 crore, led by entities...

Kotak Mahindra Bank to raise Rs 5,000 crore through debt

Kotak Mahindra Bank on Saturday said, "Its board has approved to raise to Rs 5,000 crore through non-convertible debentures (NCDs)." The bank in a regulatory...

Central Bank of India allots 280 crore preferential shares to GoI for Rs 4,800 crore

India's leading public sector bank, the Central Bank of India has allotted over 280 crore shares to the Government of India for Rs 4,800...

UCO Bank offers 203 crore preferential shares to Indian Govt

UCO Bank on Saturday said, "It has allotted 203 crore preferential shares to the Government of India for Rs 2,600 crores." In a filing with...

Stride Ventures launches second debt fund, targets Rs 1,000 cr corpus

Stride Ventures, one of India's leading venture debt funds, is launching Stride Ventures India Fund II with a targeted corpus of INR 1,000 crore...

Mahindra Rural Housing Finance scores strategic partnership deal with India Post Payment Bank

Mahindra Rural Housing Finance Limited (MRHFL), a subsidiary of Mahindra and Mahindra Financial Ltd, and India Post Payments Bank (IPPB) today announced a strategic...

NiyoX Equitas digital savings accounts 100K customers in 50 days

At a time when more than 80% of the country is under lockdown-like restrictions, the relevance and need of having a digital savings account...

Clarivate to Acquire ProQuest for $5.3 billion

NYSE listed Clarivate Plc on Thursday said that, "It has came into a definitive agreement to acquire ProQuest from Cambridge Information Group, a family-owned...

BlackSoil clocks 50+ deal exits across its Credit portfolio

BlackSoil has successfully exited 50+ deals since its inception in mid-2016 across its Secured Credit portfolio consisting of venture debt and structured finance, the...

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...

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