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IPO fundraising hits six-year high Mumbai: Fundraising through initial public offerings (IPO) rose to a six year high of Rs 20,217 crore (US$ 3.02 billion) so far in 2016, according to data from the National Stock Exchange (NSE)....

Business Standard September 22, 2016

IFC plans to invest US$ 40 million in Ujjivan Financial New Delhi: International Finance Corporation (IFC), the investment arm of World Bank, plans to invest around US$ 40 million in Ujjivan Financial Services, which will help the company expand its outreach and access to low income borrowers and strength...

Business Standard September 16, 2016

BSE seeks Sebi nod for international stock exchange at GIFT City Mumbai: The Bombay Stock Exchange has requested in-principle approval from the Securities and Exchange Board of India (Sebi) to open an international stock exchange at GIFT City, Gujarat, which will provide a platform for Indian companies to raise ca...

Livemint September 15, 2016

Naspers-owned PayU snaps up Citrus Pay for US$ 130 million in one of the largest fintech deals in India New Delhi: Global payment service provider PayU, which is owned by South Africa’s Naspers Group, has entered into an agreement to acquire Indian payments technology company Citrus Pay for US$ 130 million, in an all cash deal....

Economic Times September 14, 2016

Paytm opts for Aadhaar-based electronic Know Your Customer New Delhi: Online wallet company Paytm, which is in process of launching its payments bank, has adopted Aadhar-based electronic Know Your Customer (eKYC) verification process, which is expected to be paperless, convenient, real-time and only requirin...

Business Standard September 12, 2016
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x IBEF : India Brand Equity Foundation