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CC AVENUE
Indian payment companies shore up talent in foreign shores to boost revenuesIndian payment companies are strengthening their presence in countries across the world. From the Middle East to the United Kingdom, Africa...- Sebi revises norms on upstreaming of clients’ funds by stock brokersIn June, the capital market regulator had laid out a framework for the same but had received various representations from stock brokers and...
- Odisha launches new e-receipt model for tax, dues paymentLaunching the new platform, Chief Secretary S C Mohapatra said it will provide facilities such as payment through card, UPI ID, QR code and...
- Over 50% of Indians now recharge phones onlineAt Reliance Jio, the share of online recharges increased to 50% in the December quarter from 35% in the March quarter, after having touched...
- Digital payment democratisation boosts Infibeam profit up by 241%, firm declares 10% dividendIn the second quarter, consolidated profit stood at Rs 25.9 crore compared with Rs 7.6 crore in the same corresponding period of the last f...
- Infibeam Avenues net profit jumps 129%Infibeam Avenues has pivoted towards digital payment space in the last few years, mainly focusing on the backend of the digital payments af...
- Infibeam to up fintech play with Rs 250 crore investmentThe move is in line with the company’s focus to divest its non-core businesses, Vishal Mehta, CMD, Infibeam, said.
- Infibeam to launch Sintex’s online B2C platform for consumerThe onlineB2C platform will cater the on-demand customer purchase of Sintex brand Products.
- Infibeam’s sales rise 90% to Rs 839.3 crore in FY18The high revenue and net profit growth were attributed to high-transactions volumes.
- Infibeam to acquire Snapdeal’s Unicommerce for upto Rs 120 croreIt’s a non-cash deal and the deal size is upto Rs 120 crore, where Infibeam will issue optional convertibles preferential shares to Snapdea...
- Strong digital adoption boosts Infibeam’s profitInfibeam said it had another strong growth mainly due to its flagship product IWS, which grew by 252% YoY in Q3 FY18 and generated 45% EBIT...
- Online retailer Infibeam gets RBI nod for B2B payment serviceAccording to a source, CCAvenue will also have Bharat Bill Payments Systems (BBPS) facility for utility and services bill payments on its p...
- Infibeam board approves share split, CC Avenue amalgamationThe board also cleared amalgamation of CC Avenue with the company in which Infibeam has controlling stake.
- Infibeam takes control in CC AvenueBy the time the entire process is completed, Infibeam will have controlling stake in CC Avenue; at least 51 per cent is required to have a ...
- Infibeam acquires cloud ERP solutions provider DRC SystemsLast month, Infibeam acquired CC Avenues, a digital payment gateway company, for an expected valuation of Rs 2000 crore. Infibeam already o...
- Infibeam's planned merger with CC Avenue to value the online payment gateway at about Rs 2,000 croreInfibeam, which already owns a 3.85% stake in CC Avenue through subsidiary NSI Infinium Global, has agreed to acquire another 7.5% stake in...
- Infibeam passes its first market test, reports small profit in maiden showInfibeam also announced to make investment in payment gateway company Avenues and will also foray into Dubai, making it India’s first ecomm...
- Payment companies like CC Avenue and PayU money cash in as microentrepreneurs tie up with themThousands of microentrepreneurs or homemakers are tying up with firms such as CC Avenue to provide a simple interface for accepting payment...
- Private equity fund TA Associates to grow holding in BillDesk with Rs 450 crore infusionIn 2012, TA Associates purchased a minority stake from State Bank of India and Clearstone Venture Partners for an undisclosed sum.
- E-payments to be credited directly to merchantsThe Reserve Bank of India (RBI) has mandated that all payments for such transactions be credited directly to merchants, instead of getting ...
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