The BSE SME IPO index may have convincingly under performed the BSE IPO index over the past one month, but as many as 10 SME stocks have rallied up to 67 per cent during this period, overshadowing up to 26 per cent rise in the shares of their larger peers. While data for all the […]
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Deepak Shahdadpuri-led investment firm DSG Consumer Partners (DSGCP) has made the first close of its second fund at $35 million. The consumer-focused investment firm was an early investor in online hotel aggregator OYO Rooms, mobile point-of-sale payment services provider MSwipe Technologies and …
Uber and Ola are opening a new front in their ongoing battle for leadership in India’s cab aggregation business with specific services that target the value-conscious consumer. Uber aims to invest further in low cost riding options like carpooling, bike taxis and auto rickshaw services to s…
Online marketplace AskmeBazaar is launching AskmeFresh, a fresh food delivery marketplace and Askme-Meds, an online health marketplace, to take on established online players in the grocery and pharmacy space. Through these initiatives, which will go live in the next three months across 38 cities,…
Actor Anil Kapoor has invested an undisclosed amount in Indi.com, a global video social network that’s set to launch in India. Indi.com allows individuals and companies to create and monetise content by sharing videos while integrating multiple social networks. Artists, retailers, NGOs, cel…
Microsoft is helping healthcare providers in India adapt IT tools like cloud, analytics and machine learning as the industry seeks to counter escalating costs of delivering services amid growing demand for better experience from patients. “Healthcare institutions are aiming to adopt a data-…
IBM is working with Reliance Communications (RCom) to offer customers a portfolio of secure and scalable Infrastructure as a Service (IaaS) offerings running on the IBM Cloud. “Indian enterprises are increasingly leveraging cloud for business transformation and require sophisticated new levels of…
Rakuten, an ecommerce company referred to as Japan’s Alibaba and also the owner of chat app Viber, may follow its Chinese peer and enter India’s booming online marketplace. Japan’s Rakuten opens office in Bengaluru; poaches mid-level managers from Flipkart, Amazon Japan’s …
The annual business operations of the National Bank For Rural Development (NABARD) in Uttar Pradesh during 2015-16 has crossed a landmark milestone of Rs 11,785 crore. The financial support by NABARD during 2015-16 in UP included Rs 6050 crore released to Regional Rural Banks and Cooperative Bank…
Small Industries Development Bank of India (SIDBI) signed a Memorandum of Understanding (MoU) with Life Insurance Corporation of India (LIC), in the presence of Jayant Sinha, MoS for Finance, for supplementing Government’s efforts under ‘Fund-of-Fund’ operation for the Venture Fund industry. The …
