Freecharge

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Axis Bank hints at raising stake in Max Life Insurance Co; lender may eye over 20% share: Report
Business

Axis Bank hints at raising stake in Max Life Insurance Co; lender may eye over 20% share: Report

The last major deal done by Axis Bank was an acquisition of digital payments company Freecharge in 2017 for Rs 385 crore

True fintech will be seen in India in the next five years: PhonePe co-founder Rahul Chari
News & Analysis

True fintech will be seen in India in the next five years: PhonePe co-founder Rahul Chari

"If it wasn't for UPI, we wouldn't be where we are right now with digital payments."

Snapdeal posts Rs 4,647 crore net loss in 2016-17, impacted by provision for 'impairment of goodwill'
Business

Snapdeal posts Rs 4,647 crore net loss in 2016-17, impacted by provision for 'impairment of goodwill'

Snapdeal's total income also declined by 12.6 percent to Rs 1,291.3 crore in FY2017 from Rs 1,478.2 crore in the previous year.

WhatsApp Payments: Messaging app may turn heat on mobile wallet players, but game has shifted to value-added deals
Business

WhatsApp Payments: Messaging app may turn heat on mobile wallet players, but game has shifted to value-added deals

What Facebook-controlled WhatsApp can do, however, is to possibly look deeper into your behaviour than other mobile wallet players like MobiKwik, PayTm etc

Flipkart-owned PhonePe digital wallet ties up with rival FreeCharge; lets customers link their existing wallets on both platforms
News & Analysis

Flipkart-owned PhonePe digital wallet ties up with rival FreeCharge; lets customers link their existing wallets on both platforms

According to the deal terms, PhonePe has now enabled its over 45 million users to link their existing FreeCharge wallets to the PhonePe app

Reliance Energy becomes the first utility to link up with UPI-based payment platform Google Tez
News & Analysis

Reliance Energy becomes the first utility to link up with UPI-based payment platform Google Tez

Customers can now download the Google Tez app and identify their bank account through their registered phone banking mobile number

Reliance Energy announces daily lucky draw of cashbacks for consumers paying power bills via Paytm
News & Analysis

Reliance Energy announces daily lucky draw of cashbacks for consumers paying power bills via Paytm

The offer, in line with the company's commitment to the 'Digital India' initiative, can be availed by using promo code REL1000 to pay bills through Paytm.

MobiKwik looking to raising $100 in funding this year as it heads towards expansion
News & Analysis

MobiKwik looking to raising $100 in funding this year as it heads towards expansion

Mobile wallet companies like Paytm and MobiKwik have witnessed significant growth in number of users as well as volume of transactions on their platforms.

Full text: Snapdeal's Kunal Bahl, Rohit Bansal tell staff 'new path' already profitable at gross level
Business

Full text: Snapdeal's Kunal Bahl, Rohit Bansal tell staff 'new path' already profitable at gross level

It is time to focus on the business and leverage all our strengths to progress towards our vision of building the best marketplace, Snapdeal's Kunal Bahl and Rohit Bansal said in the letter

Snapdeal 2.0 can log Rs 150-cr gross profit in 12 months, says co-founder Kunal Bahl
Business

Snapdeal 2.0 can log Rs 150-cr gross profit in 12 months, says co-founder Kunal Bahl

Through Snapdeal 2.0, the company wants to enable anyone to set up a store online in a few minutes

Snapdeal confirms sellout talks with Flipkart end, says it will 'pursue independent path'
Business

Snapdeal confirms sellout talks with Flipkart end, says it will 'pursue independent path'

Snapdeal's largest investor, SoftBank had been proactively mediating the talks for the sale

Flipkart's Snapdeal acquisition plan hits a roadblock after six months of hard negotiations
Business

Flipkart's Snapdeal acquisition plan hits a roadblock after six months of hard negotiations

The founders (Kunal Bahl and Rohit Bansal) and shareholders have not yet agreed on the terms of the deal

Axis Bank agrees to acquire full stake in FreeCharge from Snapdeal
News & Analysis

Axis Bank agrees to acquire full stake in FreeCharge from Snapdeal

Axis Bank has entered into an agreement with Jasper Infotech Private Limited to acquire full stake in the "FreeCharge" brand, a company statement said.

Axis Bank scotches rumours on Shikha Sharma, reappoints her for 3 more years
Business

Axis Bank scotches rumours on Shikha Sharma, reappoints her for 3 more years

At Axis Bank Shikha Sharma is serving the second term that comes to an end in June 2018

Axis Bank set to buy Freecharge from Snapdeal for about Rs 400 cr, announcement likely today
Business

Axis Bank set to buy Freecharge from Snapdeal for about Rs 400 cr, announcement likely today

Snapdeal is also looking at selling its e-commerce business and has been engaged in discussions with larger rival Flipkart for the past few months.

Flipkart to snap up Snapdeal for $950 mn in India's largest e-commerce deal, says report
Business

Flipkart to snap up Snapdeal for $950 mn in India's largest e-commerce deal, says report

The deal between Snapdeal and Flipkart, once completed, would mark the biggest acquisition in the Indian e-commerce space

Flipkart revises Snapdeal buyout offer to between $900 and $950 million
News & Analysis

Flipkart revises Snapdeal buyout offer to between $900 and $950 million

Snapdeal had earlier this month rejected Flipkart's initial bid of between $800 million and $850 million .

Flipkart sweetens Snapdeal buyout offer to up to $950 million, closer to asking price
Business

Flipkart sweetens Snapdeal buyout offer to up to $950 million, closer to asking price

The deal between Snapdeal and Flipkart, if completed, would mark the biggest acquisition in the Indian e-commerce space.

Snapdeal acquisition: Flipkart likely to raise offer to $900-950 mn, closer to asking price
Business

Snapdeal acquisition: Flipkart likely to raise offer to $900-950 mn, closer to asking price

The development comes after Snapdeal rejected Flipkart's earlier offer of $800-850 mn

Flipkart to revise offer for Snapdeal takeover, Snapdeal in discussions to separately sell Freecharge
News & Analysis

Flipkart to revise offer for Snapdeal takeover, Snapdeal in discussions to separately sell Freecharge

The deal between Snapdeal and Flipkart, if completed, would mark the biggest acquisition in the Indian e-commerce space.