Monthly Archive: July 2016

ShopClues acquires mobile payments startup Momoe

Friday, July 15, 2016/VCCiRCLE/- Online shopping marketplace ShopClues has acquired Bangalore-based Momoe Technologies Pvt. Ltd, as it looks to build a payments business and better compete with bigger rivals including Flipkart and Amazon. The Gurgaon-based e-commerce company didn’t disclose the…
Read more

Granules to acquire 12.5% stake in US pharma firm

Thursday, July 14, 2016/VCCiRCLE/- Granules Pharmaceuticals, a wholly owned subsidiary of Hyderabad-based Granules India, has agreed to acquire 12.5% stake in US-based development-stage pharmaceuticals firm USpharma for an undisclosed amount. “The agreement with USpharma complements our internal product development programme…
Read more

Tata Group revenue fell to $103 bn, market cap shrank to $116 bn in 2015-16

Friday, July 29, 2016/VCCiRCLE/- Tata Group’s revenue declined 4.6% to $103 billion in 2015-16 due to global political uncertainty, a steep reduction in commodity prices and currency volatility, chairman Cyrus Mistry said on Friday. Mistry, speaking at the Tata Annual…
Read more

IIFL Holdings to raise Rs 2,000 crore to shore long-term capital

July 06, 2016/The Economic Times/- NEW DELHI: IIFL Holdings will seek shareholders’ nod to raise Rs 2,000 crore through issuance of non-convertible debentures on private placement basis to shore up long-term capital. The approval of the shareholders will be sought…
Read more