By Chalida Ekvitthayavechnukul
The TADA taxi app allows commuters to book rides from taxi drivers who have registered with MVL. The company claims around 2,000 taxi drivers have registered with it so far.
The deal puts Ixom’s enterprise value at A$1.1 billion ($799.5 million).
CIMB is joining Ripple’s cross-border payments business network, RippleNet, and has deployed the latter’s blockchain-based technology to expand its inbound and outbound remittance network.
Agritrade will pay outstanding debt of SKS Power to SBI, L&T Infrastructure Finance Company and PTC (India) Financial Services.
Natixis’ plans come against the backdrop of a regulator-driven clean up of the fund management business in China.
Schwan’s, owner of brands such as Red Baron, Freschetta, MaMa Rosa’s and Tony’s pizza, has an annual revenue of $3 billion.
The FinLab has launched its accelerator programme in Thailand while iflix has partnered telecom service providers in the Philippines and Indonesia.
Potential bidders are expected to include Hong Kong conglomerate Chow Tai Fook and Asian PE firm PAG.
Tata Group and Jet Airways are reportedly exploring a two-step transaction, beginning with Jet’s merger with Tata SIA Airlines, the Tatas-Singapore Airlines joint venture that operates Vistara.
UltraTech’s revised proposal was an improvement from the Rs 7,200 crore offer it made just after the deadline for bidding ended.