Norwegian multinational telecom firm Telenor has announced that it will invest ₹780 crore to acquire the rest 26 percent of its Indian subsidiary Telewings Communication, known as Uninor.

Reserve Bank of India in a press release stated that the KYC norms have been made simpler, and now anyone can open a bank account with just one address proof – either permanent or local.

INR depreciated by 5 paise at early trade on Friday at 59.30 per dollar against aforesaid closing value of 59.25 a dollar.

Last month, Global Environment Facility (GEF) agreed to finance an ongoing million dollar project for Coastal protection, under the administration of Asian Development Bank.

The Rupee declined by 9 paise at early trade on Thursday at 59.36 a dollar against previous day’s closing value of 59.27 per dollar at Interbank Foreign Exchange market.

Rupee declined at early trade on Wednesday at 59.32 per dollar against previous day’s closing value of 59.29 a dollar. The fall can be attributed to increased demand for American currency at Interbank Foreign Exchange market and absence of major inflows.

Eros International is set to sign an agreement to acquire Chennai-based value added services provider (VAS) Techzone for an undisclosed amount.

Rupee depreciated by 10 paise at early trade on Tuesday at 59.24 a dollar against Monday’s closing value of 59.20, due to increased demand for the US currency from importers.

Rupee VS Dollar: Rupee gained 10 paise at early trade on Monday at 59.08 a dollar against Friday’s closing value of 59.18 per dollar.

Micro-blogging brand Twitter on 4 June, announced the acquisition of Namo Media, a firm expert in advertising through mobile apps.

To envisage the outline of Fiscal year 2015, Finance Minister Arun Jaitley will meet merchant bankers in Mumbai on 7 June, Saturday.

The finance ministry is considering increasing the Foreign Direct Investment (FDI) in the insurance sector to 49 percent.

Facebook’s Chief Executive Mark Zuckerberg reportedly wants to connect five billion people across underdeveloped parts of the world using Pryte; a Finnish company that lets customer pay for mobile data charge within an app.

Rupee gained in early trade on Friday by 19 paise, as it opened at 59.14 per dollar compared to previous day’s closing value at 59.33-a-dollar.

Rupee gained in the early trade on Thursday by seven paise as it opened at 59.26 per dollar, compared to the previous day’s closing value of 59.33-a-dollar.

Go Daddy Parent Firm To Buy Internet Brands For $1.1 Billion

US-based private investment firm Kohlberg Kravis Roberts (KKR) that owns Godaddy website, said it would buy Canada-based firm, Internet brands Inc. for $1.1 billion.

Bangalore-Based Mobile Payment Service Provider Ezetap Acquires Hyderabad-Based Royalty Startup Clinknow

Ezetap, the Bangalore-based mobile payment service provider, has acquired Clinknow, a Hyderabad-based startup which helps retailers target customers according to the buying pattern.

Raghuram Rajan Faces Pro-Growth Boss In Narendra Modi

RBI Governor Raghuram Rajan is starting to be acclimatized to Prime Minister Narendra Modi’s determined and rapid vision of development.

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