Banking & Finance

California-based Wibmo Inc., India’s largest provider of digital payment authentication and security, has launched TridentTM, the next generation fraud management system for digital payments. for Indian banks.

Labour-intensive Micro Small and Medium Enterprises (MSMEs) are either showing very modest growth or are into negative territory in their exports due to liquidity crunch, according to a senior industry official.

Larsen & Toubro Infotech Ltd. (NSE: LTI, BSE: 540005), a global technology consulting and digital solutions company, is expanding its operations in the South African market.

The cabinet has approved additional 6.5 Million Metric Tonne (MMT) Strategic Petroleum Reserve (SPR) facilities in rock caverns at Chandikhol in Odisha and Padur in Karnataka.

Norcross, Georgia-based Guided Therapeutics, Inc. (OTCQB: GTHP), is planning a 2-week sales trip for its product LuViva® in India in September or October.

India has invited the Australian Superfunds to invest in various infrastructure projects such as industrial corridors, ports, smart cities, airports and railway projects in Sydney on 26 June 2018.

Prime Minister Narendra Modi has urged the Asian Infrastructure Investment Bank (AIIB) to raise its financing for projects in member countries to US$100 billion by 2025.

W-Locate, the Singapore-based Internet of Things (IoT) start-up, has selected Tata Communications to accelerate its international growth.

More than 120 million Indian consumers are expected to shop online, clocking annualized growth of 115% in 2018 as the e-commerce platforms, making it one of the most attractive investment sectors, according to ASSOCHAM-Resurgent joint study.

India is looking forward to investments in 9 more projects from Asian Infrastructure Investment Bank (AIIB) after having picked up almost 28% of the bank’s total lending so far of US$1.4 billion for 7 projects, said Finance Minister Piyush Goyal.