Banking & Finance

No invoking of force majeure clause for payment of Civil Aviation fees Airport operator GMR Hyderabad International Airport Ltd's (GHIAL; BB-/Negative/--) will face peak capital expenditure (capex) requirements of Rs.16 billion-Rs.18 billion in fiscal 2022 (year ending 31 March 2022),...

Expect no significant investment in Carmichael Coal Mine S&P Global Ratings expects Adani Ports and Special Economic Zone Ltd's (APSEZ) capital structure can accommodate headwinds, given the management's ability to adjust growth aspirations, shareholder distribution, and investments. "We estimate APSEZ's...

Indore startup graduating from MOX program KIKO TV, an Indore-based startup that has built a solution for live streaming video commerce for the Indian market, will accelerate the product roadmap and increase adoption, supported by pre-Series A funding round that...

Omnichannel marketing strategy needed The Indian e-commerce market is expected to become the fastest growing business in the world driven by the robust investment and the rapid increase in the internet users, V K Saraswat, Member – Niti Aayog, told...

Komitla to expand data & content management services Bangalore's Terralogic has acquired Professional Document Systems Inc (PDS), a leading company providing data and content management solutions in Texas and New Mexico which puts it one step closer to accomplishing the...

CX market going through a major transformation, says Keravala Uniphore, an early leader in Conversational Service Automation (CSA) with headquarters in California and Chennai, has acquired Spain's Emotion Research Lab, a leading software developer that uses AI and machine learning,...

Mela Ventures leads funding for startups Bangalore's General Aeronautics (GA), a specialist in Drones for precision agriculture, said Rs.65 million from pre-series A financing is for expanding its go-to market programs and continue investment in the areas of high reliability...

Singapore firm takes over loan assets of Altico Asia Pacific-linked Asian asset manager Ares SSG Capital Management (Singapore) Pte Ltd has received approval from the Competition Commission of India for acquisition of Mumbai-based Altico Capital India Ltd, a 2004 incorporated...

Cybersecurity threat to e-commerce logistics  The Indian e-commerce logistics market is expected to reach US$11.48 billion by 2027, posting a CAGR of 18.8% from 2020. It was worth US$2.93 billion in 2019, according to a ResearchAndMarkets report. The Indian e-commerce...

Raju heads International Wealth Management business expansion   Japanese investment bank Nomura is targeting the Global South Asia including the Indian sub-continent and the global NRI diaspora as it expands capabilities to serve the high net worth (HNW) clients by...