Home » Country » India

India

Mira Inform India to Expand Overseas Operations in Dubai and Hong Kong

Credit information company Mira Inform India announced plans to expand its overseas operations by opening subsidiary companies in Dubai and Hong Kong.  Mira Inform has expanded its operation to Japan (Mira Inform Japan) in 2013 and is awaiting legal clearance to form Mira Inform America LLC. Mira Inform claims to have an online database of 1.4 unique credit information reports ... Read More »

Alibaba Choses India Based TDI as Channel Partner

Alibaba Group has roped in advertising agency TDI International as its first official channel partner in India.  The partnership will allow TDI’s mobile and internet vertical to sell alibaba.com’s gold membership packages to the small-and-medium sized businesses in the country. “We have been the leader of Outdoor Advertising in India since 1986 and the tie-up with Alibaba.com is a natural progress in the digital ... Read More »

LexisNexis India Acquires Universal Law Publishing

LexisNexis has acquired its Delhi-based rival Universal Law Publishing for an undisclosed amount.  LexisNexis India is the domestic arm of the USD 9-billion Anglo-Dutch Reed Elsevier group and claims to be the leader in the around Rs 500-crore legal publishing industry in India. While LexisNexis India employs around 200 people here, Universal Law Publishing has a headcount of around 50 ... Read More »

Google Brings Indian Business Information Online

A five month trial of the online business registration service Google My Business (GMB) has seen over a million small and mid-size businesses (SMBs) registering in India. With an average of 25,000 businesses signing up to the app each week, the tech giant is hoping to capture the details of some 20 million businesses in the country by 2017. Google’s ... Read More »

India Key Part of D&B’s Growth Strategy

While visiting India recently Bob Carrigan, CEO of Dun & Bradstreet,  said India’s progressive policies have put it in the limelight on the global map, and investors are beginning to view it as more business-friendly. In an exclusive chat with CNBC-TV18’s Ritu Singh, its CEO and President, Bob Carrigan, said India is critical to D&B’s growth strategy, as more and ... Read More »

Dun & Bradstreet India Releases 15th Edition of ‘India’s Top 500 Companies 2015’

122 companies from headquartered in the Delhi NCR region featured among the top 500-list this year. 65 companies based in Delhi featured in the list, followed by 36 Gurgaon based companies and 21 Noida based entities Dun & Bradstreet released the 15th edition of its premium publication ‘India’s Top 500 Companies 2015’ recently. 122 companies from headquartered in the Delhi NCR region featured among ... Read More »

Reserve Bank of India: Interoperable Cash Deposit Machines Becomes Reality

Bank customers might in the near future be able to deposit cash in their accounts from any bank’s cash deposit machines(CDMs). The Reserve Bank of India (RBI) is considering a proposal to link these machines with the National Financial Switch (NFS). The latter is the backbone of Automated Teller Machines in the country, being managed by National Payments Corporation of India (NPCI). The organisation has ... Read More »

Foreign Due Diligence ‘Crunching’ Start-ups in India

Company background checks by foreign equity funds are denying Indian start-ups the capital they need to reach the growth stage after they’ve acquired seed funding by domestic investors. While angel investors and accelerators have been broadly supportive of innovation in India across sectors ranging from IT to healthcare, closer scrutiny by larger foreign investors have stopped start-ups progressing to the ... Read More »

RBI to Issue Licenses of Small Banks and Payments Banks

The Reserve Bank of India has received 72 applications for small finance banks and 41 for payments banks The Reserve Bank of India (RBI) is processing about 100 applications for small finance banks and payments banks and might issue licenses in a few months. “We are processing them (applications) and hope to issue licenses to fit-and-proper applicants in a few ... Read More »

Credit Bureaus in India May Soon Use Social Media in Credit Scores 

Credit bureaus in India may soon use data and client feedback from social media sites like Facebook, Twitter and Yellow Pages in credit scores Experian, which provides information to companies, gathers a lot of information from the social media space such as comments on Yellow Pages, consumer forums, company websites and published reports. “We are working with a private sector bank ... Read More »

India Launches Micro Units Development Agency (MUDRA BANK) to Aid SMEs

Indian startups and small businesses have a reason to cheer, Rs 20,000cr (US$3bn) funding to be made available The Narendra Modi-led BJP government announced to build a refinance agency in order to provide much-needed credit facilities to small business units called the Micro Units Development Refinance Agency or MUDRA Bank. On April 8 the Prime Minister Narendra Modi will launch ... Read More »

Moody’s Names G V Mani as Chief Executive Officer of Copal Amba

Moody’s Corporation (NYSE:MCO) announced that it has named G V Mani as Chief Executive Officer of its Copal Amba unit. Copal Amba is a leading provider of offshore research and analytics services to the global financial and corporate sectors.  Mani will be responsible for providing strategic and operational leadership for Copal Amba. He will work with the senior management team ... Read More »

ICICI Bank India Launches Contactless Debit & Credit Cards

ICICI Bank launched the country’s first contactless debit and credit cards that use the near-field communication technology, enabling one to make payments by just waving the card near merchant terminals instead of swiping the same.  The near field communication (NFC) technology provides customers improved convenience of speed and security over traditional cards as these cards can complete a transaction faster ... Read More »

Reserve Bank of India Enforces Transparency

Disclosure of Full Information on Credit Conditions to Borrowers The Reserve Bank of India (RBI) has asked banks to be more transparent in displaying information about the interest rate and the fees charged on loans. Lenders have been asked to display the interest range of loans in the past quarter, along with the average interest rate at which loans have ... Read More »

Corporate Fraud in India will Rise, due to Failures to Update

The rate of corporate fraud in India is at an all-time high and will continue to grow over the next two years – outpacing official efforts to mitigate it – because mechanisms that are supposed to manage fraud risk are outdated or inadequate, a report finds. Fraudulent areas set to rise include bribery and corruption, the diversion or theft of ... Read More »