Netflix names Zameczkowski as VP for APAC, Centrum ropes in Jaspal Bindra as exec chairman

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In his new role as executive chairman, Bindra with his extensive global experience, will lead the Centrum Group’s next phase of high growth.

India: Paytm challenges wrongful use of its confidential information by Unicommerce

Unicommerce said it would not use the Paytm sellers’ data for any other purpose except for providing service to them


India: Alibaba-backed UCWeb launches $20m fund for gaming startups

The company announced the developement at the PocketGamer Connects conference in Bangalore.


SunEdison seeking investors for India business after US bankruptcy

A chapter 11 bankruptcy allows a firm to restructure its business and debt to remerge to normal operations.


India’s first insurance IPO paves way for $50b industry

HDFC, the nation’s largest mortgage lender, will offer as much as a 10% stake in its insurance venture with UK’s Standard LifeHDFC, the nation’s largest mortgage lender, will offer as much as a 10% stake in its insurance venture with UK’s Standard Life


India Dealbook: Myntra to expand into home furnishing & personal care; LogiNext launches Sprintr

Online fashion store Myntra is expanding into home furnishing, precious and non-precious jewellery and personal care segments. LogiNext, a Mumbai-based logistics analytics startup, has launched last mile delivery platform Sprintr.


India Dealbook: Murugappa’s A Vellayan bets on Trimed, Greenvision raises $8m

Chennai-based Trimed has raised an undisclosed amount of funding from A Vellayan, chairman of Murugappa Group. Greenvision Technologies has received $8 million from Singapore-based Vintage Energy & Resources. Mugugappa Group’s A Vellayan invests in Trimed A Vellayan, chairman of business conglomerate Murugappa Group, has invested an undisclosed amount in Trimed… Read more »


IPO-bound Indian MFI lender Ujjivan to launch small finance bank in 2017

Ujjivan Financial Services is the second of 10 small finance banking licensees to start selling shares to the public.


India inviting bids for 10% stake sale in state mining firm NMDC

The government is planning to sell 10% of its stake in iron ore mining company NMDC Ltd through an offer for sale, according to a notification on the website of the department of divestment. The government, which owns 80% in the company, has invited bids from merchant bankers by 16 May.


India: Dewan Housing in talks to buy Andromeda for up to $37m

Andromeda Group, acquired by the Malaysian venture capital fund Navis Capital in 2007 for Rs.180 crore, was sold to Casa Capital in 2012 after carving out the loan distribution business.