Daily Archives: May 7, 2018

Delhi High Court rejects Centre’s plea against Vodafone’s international arbitrations

The Delhi High Court today dismissed the Centre’s plea challenging Vodafone’s move to initiate two international arbitrations against India in connection with a tax demand of Rs 11,000 crore under a retrospective law of 2012. Justice Manmohan said the Centre can approach the UK arbitration tribunal under the India-United Kingdom Bilateral Investment Protection Agreement (BIPA)

Infibeam to buy Snapdeal’s Unicommerce in Rs 120-cr deal

Ahmedabad-based Infibeam today said it will acquire Snapdeal’s subsidiary Unicommerce, which offers e-commerce enablement software, in a deal worth up to Rs 120 crore. “Under the agreement, Infibeam will issue optionally convertible debentures on preferential basis to Jasper Infotech valued up to Rs 120 crore, subject to shareholders’ approval,” Infibeam said in a statement. In

Nokia acquires U.S. software supplier SpaceTime Insight

Nokia said on Monday it has acquired software maker SpaceTime Insight, which industrial customers use to manage millions of devices and assets across their networks, marking the equipment supplier’s latest push to expand beyond telecoms. Terms of the deal were not disclosed. SpaceTime supplies monitoring and analytics applications to customers in the energy, logistics, transportation

Reliance to invest Rs 600 bn in Jio this year, may borrow Rs 1 tn more

Mukesh Ambani-led Reliance Industries Ltd (RIL) is likely to invest another Rs 600 billion this year in its telecom business Reliance Jio Infocomm with an emphasis on faster rollout of broadband services and wireless expansion, Livemint reported, quoting anonymous company sources. The sources have also been quoted as saying that Reliance Jio might borrow up

TICKER launches ‘Ticker Wealth’ and ‘Ticker EOD’

Tickerplant Limited (Ticker), is pleased to announce the launch of a feature enriched mutual fund market back office cum investment, web-based application, called “Ticker Wealth”. The new application covers almost all features required by Individual Financial Advisors (IFA), Mutual Fund Distributors, as well as investors. Besides, Ticker has also announced the launch of “Ticker EOD”