SaaS platform "Active AI" raises $3M Series A funding from IDG Ventures India & Kalaari Capital

Posted on November 14th, 2016 by Nikesh Kumar


Active AI is an artificial Intelligence based SaaS platform for financial services Bengaluru – Nov 14, 2016. RedNewswire/- Bengaluru-based Active.ai is run by Active Intelligence Pvt. Ltd, is a platform that enables financial institutions like banks, wealth managers and asset managers to deliver services and engage customers using AI It has raised $3M fresh funding in series A

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The new Rs 2000 note has micro Nano GPS chip, to track exact location of currency

Posted on November 9th, 2016 by RNW Team


On one hand where banning the current notes of Rs.500 & 1000 is the master move, some questions that how the new Rs.2000 note will not increase corruption ? Here’s the answer you need to know. New Delhi. Nov 9, 2016. 0101 IST. In what could be a major blow to black money hoarders, the new Rs

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Cash Suvidha - an online platform that solves your financial worries

Posted on November 8th, 2016 by Nikesh Kumar


What if you could get a robust online platform where you could get your financial worries resolved? Bengaluru – Nov 08, 2016. RedNewswire/- Cashsuvidha, a leading Financial Company a trade name of Usha Financial Services Pvt. Ltd., initiated by two highly experienced Import and finance market heroes provides a diversified product portfolio in the Finance

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Consumer Robotics startups are raising funds too quick: Infographic of 100 startups

Posted on October 20th, 2016 by Shubhi Mangla


Startups dealing in consumer robotics have successfully managed to raise funding in recent years New Delhi-Oct 19, 2016. Rednewswire/- In the past five years, consumer robotic startups have managed to capture a 25 percent global robotic deal share. Around 40 percent of these deals are bagged by startups like UBTECH, Rokid and Anki. There has

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Bengaluru based fin-tech startup Fisdom raises $1.1M in series A from Saama Capital

Posted on October 19th, 2016 by RNW Team

fisdom online investment app

Fisdom is an online quick investment app that helps you invest easily online. Bengaluru, Oct 19,2016. Red Newswire/– Fisdom, a Bengaluru based fin-tech startup, an app for online investments has got backing from Saama Capital. The startup has currently raised $1.1 million in series A funding. Earlier this year in Jan, it had raised a

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Financial service industry veterans Gopal Srinivasan and Narayan Seshadri acquires majority stake in IMMPL

Posted on October 18th, 2016 by Nikesh Kumar


Wealth management company IMMPL is focusing on building a technology platform to scale up its service offerings to clients Bengaluru – Oct 18, 2016. RedNewswire/- Internationl Money Matters Pvt. Ltd (IMMPL) is a Bengaluru-based wealth management company. Two financial services industry veterans Gopal Srinivasan and Narayan Seshadri has acquired majority stake in IMMPL. IMMPL is focusing on

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10 farm-to-table startups to keep an eye out for

Posted on October 17th, 2016 by Mir Juned Hussain


One of the hottest enterprise sectors of the modern world is organic foods. There have been hundreds of companies opening up in this domain, here’s our list of the top 10 to look out for 17th Oct., 2016, Red Newswire/- If there is one kind of companies that promise a definite growth in the coming

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Bank of India is interested to collaborate with payments banks

Posted on October 6th, 2016 by Nikesh Kumar


State-run Bank of India is keen to collaborate with upcoming payments banks as it feels such an association will be beneficial, its Non-executive Chairman G Padmanabhan said today. Bengaluru – Oct 06, 2016. RedNewswire/- “As far as my bank is concerned, we are looking at the opportunity to collaborate with payments and move forward,” Padmanabhan,

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India Inc. raised Rs 3.1 lakh crore through debt placement having 28% increase from last year

Posted on October 6th, 2016 by RNW Team


The funds have been raised for business expansion plans, to support working capital requirements and for repayment of debt Bengaluru – Oct 06, 2016. RedNewswire/- India Inc raised a staggering Rs 3.1 lakh crore through private placement of corporate debt bonds in the April-September period of the current fiscal, a surge of 28 per cent

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ICICI Bank hits 1 lakh VPA registrations on UPI app

Posted on September 27th, 2016 by RNW Team


ICICI Bank said customers of any bank who have created their VPA on ‘Pockets’ as well as ICICI Bank customers using ‘iMobile’ can soon pay using their smartphone at over 6,500 HPCL petrol pumps and more than 2,000 stores of ABFRL across the country.   Country’s largest private sector lender ICICI Bank today said it

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Indiabulls Housing Finance Limited raises $200M through Masala bonds

Posted on September 7th, 2016 by RNW Team

Indiabulls - Rednewswire

Indiabulls Real Estate ranks third amongst the top real estate companies and has been building landmark edifices that redefine India’s commercial and residential spaces. Ely, UK – Sept 07, 2016. RedNewswire/- Indiabulls Housing Finance Limited is a part of Indiabulls Group. it has raised $200M through Masala bonds. Masala bonds are bonds issued outside India but

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Tata Capital partners with CII for SME finance

Posted on August 30th, 2016 by RNW Team


The partnership will help give a boost to SME’s via better access to finance and a suite of services Mumbai – August 30, 2016. RedNewswire/- Tata Capital, the financial services arm of the Tata Group, signed a Memorandum of Understanding (MoU) with Confederation of Indian Industry (CII) to partner with them in the SME Finance Facilitation Centre initiative. The

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Hiring An Accounting Firm Will help you meet Sales Tax compliances

Posted on August 18th, 2016 by Uptra


One of the major reasons for the growth and development of the country depends on the tax collected by the government. And the Sales tax is an indirect tax imposed on the purchase of a goods or services which denotes the end of the transaction. It depends on the ruling government and the policies and

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Unravel an audit tools startup raises $352k fresh funding from Tribal

Posted on August 12th, 2016 by RNW Team


The Unravel Audit Engine automatically checks everything… Every user journey and every tag across hundreds of devices and browsers. Unravel audits user journeys across devices to evaluate problems with conversions, analytics, and advertising. The tool creates a consensus workshop to define key user journeys and conversion paths on a client site and the audit engine

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How good is the Goods and Services Tax (GST), explained in detail

Posted on August 3rd, 2016 by RNW Team

gst gods and services tax India

The Constitution (122nd) Amendment Bill comes up in RS, on the back of a broad political consensus and boosted by the ‘good wishes’ of the Congress, which holds the crucial cards on its passage. Here’s how GST differs from the current regimes, how it will work, and what will happen if Parliament clears the Bill.

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Tata Capital Housing Finance Launches 'Prapti' - A Home Loan Scheme for Low-cost Housing

Posted on August 2nd, 2016 by RNW Team

Tata Capital Housing Finance

In Line With the Government‘s Pradhan Mantri Awas Yojna (PMAY) Initiative, the Scheme Will Offer Subsidized Home Loans to Low Income Groups Mumbai, Aug 2, 2016 / Red Newswire Key Highlights: – Home loans offered at subsidized rates starting from 4% – Low-cost housing for lower income groups in the peripheries of Metros, Tier I cities

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Silicon Valley financial specialists are progressively inspired by new businesses with better social advantages

Posted on June 25th, 2016 by admin


As valuations flop for Silicon Valley new businesses once worth billions of dollars, speculator premium is on the ascent in new companies with both money related and social advantages, for example, human services programming for poor groups or minimal effort sunlight based boards for homes. Purported “sway contributing” rose to $15.2 billion all inclusive a

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Want a luxury jet? Mallya’s plane goes on garage sale

Posted on May 12th, 2016 by admin

Want a luxury jet? Mallya’s plane go on garage sale

Want a luxury jet? Mallya’s plane go on garage sale Bengaluru | Red Newswire | May 12 02:00 PM IST. The former billionaire’s jet has it all – great interiors, shower cabin, bar, private resting area etc. but, what is most appealing about them is Vijay Mallya’s vanity plate – VT-VJM! The Indian authorities have put the impounded

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This guy from Bengaluru has hit the fastest $100 million revenue in 4 years in Silicon Valley

Posted on May 8th, 2016 by admin

Arun Murthy - Hortonworks

Meet the other Murthy from Jayanagar in Bengaluru – Arun Murthy. No relation of NR Narayana Murthy, also a Jayanagar resident. But the 35-year-old’s life, in some ways, is moving along the same extraordinary lines of the Infosys doyen. Arun Murthy is one of the founders of one of today’s hottest Silicon Valley startups – Hortonworks.

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PAYTM introduces it's revolutionary PAYMENTS BANK

Posted on May 7th, 2016 by admin

vijay shekhar sharma paytm - photo HT

Vijay Shekhar Sherma, CEO of Paytm is ready to launch India’s first mobile based Payment bank, following the traits and advices of a part of its owner, Alibaba’s founder, Jack Ma. Jack Ma had adviced Vijay that the top 50 companies in the world owe their tons of profit to the presence of banking and

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