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CashKaro raises Rs 130 crore - Jammu Kashmir Latest News | Tourism

New Delhi, Nov 3: Cashback and coupons app CashKaro has secured Rs 130 crore in a funding round led by Affle Global, the company said on Thursday. With this round, CashKaro has so far raised over Rs 255 crore from prominent investors like Kalaari Capital, Ratan Tata, Korea Investment Partners etc, the company said. CashKaro aims to reach 10 crore-plus user base over the next few years from its current user base of 2 crore. “This investment would strategically strengthen […] ....

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ETtech Exclusive: PhonePe's Indus OS deal in a legal tangle


ETtech Exclusive: PhonePe s Indus OS deal in a legal tangle
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A seemingly
straightforward acquisition by PhonePe, of homegrown content discovery platform Indus OS for about $60 million, has spiralled into a legal tangle as India’s second-largest fintech battles two existing investors in the five-year-old startup Affle Global and early-stage investment firm Ventureast in a Singapore court.
Both factions have filed competing lawsuits against the other in the Supreme Court of Singapore. ET has seen court filings, regulatory disclosures and spoken to three sources briefed on the matter.
Walmart-backed PhonePe was in the final stages of closing its acquisition of Indus OS before mid-June with the term-sheet signed and ready, according to the people cited above. ....

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Market Ahead, February 25: All you need to know before the opening bell


Domestic markets closed with massive gains in a session marred by a technical glitch and look set to extend their winning run to the third day today amid strong cues from global peers.
However, volatility could remain high ahead of the February F&O expiry, and high crude oil prices could cap gains for the indices. At 7.20 am, SGX Nifty futures traded slightly higher at 15,030.
In the overnight session, US Fed s Jerome Powell once again soothed investors fears over inflation and drove Wall Street higher. Powell, in a second day of testimony in Washington, said it may take more than three years to reach the central bank’s inflation goals, a sign the Fed plans leave interest rates unchanged for a long time to come. Besides, the US regulator said Johnson & Johnson’s Covid-19 vaccine is safe and effective, further boosting the market sentiment. ....

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Stocks to watch: Nureca, Max Fin, Axis Bank, DRL, Dredging Corp, Affle


Here are the top stocks that are likely to be in focus today:
Nureca: Shares of Nureca will list on the bourses today. The IPO by home healthcare and wellness products provider that ran between February 15-17 witnessed 40 times subscription.
Max Financial Services, Axis Bank: The Insurance Regulatory and Development Authority of India (IRDAI) has given its approval for the acquisition of up to 12 per cent stake in Max Life Insurance by Axis Bank and its subsidiaries Axis Capital and Axis Securities.
Affle (India): Affle Holdings Pte Ltd, a promoter of Affle (India), on Wednesday, offloaded 3 lakh shares of the company worth over Rs 161 crore through an open market transaction. ....

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