Telecom spectrum auction ends; government to get $17.6B
Government raised a record Rs 109,874 crore in the country's biggest and the fiercest auction of telecom spectrum that ended today, triggering fears of hike in call and data rates.Incumbents Airtel and Vodafone bid aggressively to protect their businesses as new players like Reliance Jio participated in the auction that ......
India Limited Partners Summit to shape the discourse on investment outlook in 2017
NEW DELHI/MUMBAI, February 10, 2017: News Corp VCCircle today announced that the India Limited Partners Summit 2017, an ......
MobiKwik, FreeCharge explore merger
Amid merger talks between Flipkart and Snapdeal, FreeCharge’s fate could also be decided soon. The struggling digital payments arm of Snapdeal has been approached by a rival wallet company for a merger, one person aware of the development told VCCircleEarly last week, Gurgaon-based mobile wallet firm MobiKwik had approached FreeCharge ......
Paytm founder on Time magazine’s ‘most influential’ list
Paytm founder and CEO Vijay Shekhar Sharma has made it to the list of ‘the 100 most influential people in the world’ of 2017, released by the Time magazine on Thursday.The 43-year-old chief executive of the Indian mobile payments and commerce firm is the only other Indian, apart from Prime ......
Former CX Partners MD Shishir Jain joins Srei Infrastructure Finance
Shishir Jain, former managing director at domestic mid-market private equity fund CX Partners, has joined Srei Infrastructure Finance Ltd as head of corporate loans, the firm said in a statement.“Shishir will spearhead the corporate loans business at Srei and will lead the team towards leading a high-yield, distress and special ......
Amira Nature Foods acquires specialty rice brands in Germany
Amira Nature Foods Ltd, a provider of Indian basmati rice, has acquired a portfolio of packaged specialty rice brands from a German firm Euro Basmati GmbH, it said in a statement.The specialty rice brands, which are primarily sold in Germany, include Al Amir, Al Hakim, Bano, Dalia, Hanna and Shah ......
Food, drink giants plot fightback as India looks to tighten rules
Several food and drink multinationals and trade groups met in recent weeks to discuss how to lobby more effectively against Indian proposals for higher taxes and stricter labelling rules on fatty or sugary foods, sources familiar with the talks said.According to officials, Prime Minister Narendra Modi's administration has begun to ......
Shantha Biotechnics’ CEO on rebuilding vaccines business, products & strategy
Hyderabad-based vaccine maker Shantha Biotechnics was whacked four years ago after the World Health Organisation (WHO) cancelled its pre-qualified status and multi-million contract over quality issues of its flagship product Shan5. This came within a year of global pharma giant Sanofi acquiring majority stake in the company. The firm recently ......
Fin-tech firm Asset Vantage buys US-based Financial Navigator
Asset Vantage Inc., which runs fin-tech company Asset Vantage, has acquired US-based Financial Navigator, a provider of wealth management software, it said in a statement.The Mumbai-based firm, which offers cloud-based investment portfolio management software, did not disclose the value of the transaction.Financial Navigator, a 30-year-old company, provides end-to-end software that ......
Narayana Hrudayalaya to buy NewRise Healthcare for $28 mn
Narayana Hrudayalaya Ltd has agreed to acquire NewRise Healthcare Pvt. Ltd from Panacea Biotec Ltd for Rs 180 crore ($28 million), including debt, to set up its first hospital in Gurgaon.The all-cash transaction is intended to consolidate the company’s footprint in the northern region, Bengaluru-based Narayana Hrudayalaya said in a ......
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