Paytm has raised USD 60 million from a fund owned by Chinese chip-set maker Mediatek as part of its yet-to-conclude USD 300-million fundraising round -- and that pegs Paytm's valuation at USD 4.8 billion.
The Food Corporation of India (FCI) is all set to get a major facelift. Provided the government accepts the recommendations of the high-level committee. But some of the bold suggestions made by the committee may face quite a few political obstacles.
The RBI's latest move to improve financial inclusion through small finance banks and payment banks has been welcomed by most analysts and players. However there are still a few areas that need clarity, reports Ekta Batra and Arvind Sukumar.
2013 is turning into a dream run for HSBC. After its successful conclusion of the Glaxosmithline PLC voluntary open offer earlier, it surprised the street with yet another voluntary open offer worth USD 5.4 billion from Unilever PLC for its Indian arm Hindustan Unilever (HUL).
The trial process in the Satyam fraud case will be complete in four months—that's the gift the Central Bureau of Investigation (CBI) has given on the second anniversary of the scam.