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Infibeam Avenues buys contactless tech startup, Season Two Ventures marks exit

Finance

01 March

Infibeam Avenues buys contactless tech startup, Season Two Ventures marks exit

Infibeam Avenues Ltd, the parent of payment gateway CCAvenue, has acquired contactless technology startup Uvik Technologies for Rs 75 crore ......

Visa complains to U.S. govt about India backing for local rival RuPay - Reuters exclusive

Economy

29 November

Visa complains to U.S. govt about India backing for local rival RuPay - Reuters exclusive

Visa Inc has complained to the U.S. government that India's "informal and formal" promotion of domestic payments rival RuPay hurts ......

Premium
BillDesk founders, investors chart big gains from $4.7 Bn sale

Finance

31 August

BillDesk founders, investors chart big gains from $4.7 Bn sale

M N Srinivasu, Ajay Kaushal and Karthik Ganapathy were colleagues at consulting firm Arthur Andersen when they set out to ......

Grapevine: ChrysCap to invest in Corona Remedies; Plum Insurance to raise funding

General

05 April

Grapevine: ChrysCap to invest in Corona Remedies; Plum Insurance to raise funding

Homegrown private equity fund ChrysCapital is looking to grab a 30% stake in drug manufacturer Corona Remedies for about Rs ......

Accion Venture Lab raising new fintech-focussed fund

Finance

04 September

Accion Venture Lab raising new fintech-focussed fund

Seed-stage impact investor Accion Venture Lab said on Wednesday it is raising a $33-million (Rs 238 crore) fund that will ......

Visa, Japan's Recruit join B2B payments firm PayMate's Series D funding round

TMT

22 July

Visa, Japan's Recruit join B2B payments firm PayMate's Series D funding round

PayMate India Pvt. Ltd, a business-to-business (B2B) digital payments firm, has raised an undisclosed sum of money in its Series ......

RBI says foreign firms can process transactions abroad, but must store data in India

Finance

27 June

RBI says foreign firms can process transactions abroad, but must store data in India

Foreign payment firms such as Mastercard and Visa can process transactions made in India outside of the country but the ......

US considers H-1B visa caps to deter India data storage rules

TMT

20 June

US considers H-1B visa caps to deter India data storage rules

The United States has told India it is considering caps on H-1B work visas for nations that force foreign companies ......

RBI to review data storage rules that irked Visa, Mastercard

TMT

18 June

RBI to review data storage rules that irked Visa, Mastercard

India will examine concerns raised by foreign technology companies around stringent rules to store data locally, the government said on ......

Foreign investors hope PM Modi dials back policy shocks after big election win

General

24 May

Foreign investors hope PM Modi dials back policy shocks after big election win

Foreign companies in India have welcomed Prime Minister Narendra Modi’s election victory for the political stability it brings, but now ......