Market Track acquired Competitrack from founder Bob Moss for an undisclosed sum. Retail promotion and e-commerce pricing intelligence solutions firm Market Track purchased Competitrack.
Investors
Enterprise communications startup Highfive raises USD9.5 million in Series A funding
Highfive, a startup that had been developing a product for enterprise communications, were founded by Shan Sinha and Jeremy Roy of collaborative document solution DocVerse.
Tata Capital and other investors provide growth capital for Mitra Biotech
Mitra Biotech raises INR40 crore for cancer care. Tata Capital's Tata Capital Innovations Fund together with existing investors India Innovation Fund and Accel Partners, would invest INR40 crore in Mitra Biotech, a cancer care provider based out of Bangalore.
A recent report showed a drop in total funding in the Indian wind sector
Mercom Capital Group reported a wind sector investment for India totalling USD5.6 billion. The third quarter wind venture capital funding fell to USD135 million from USD210 million in the previous quarter of 2013.
Bharti Airtel and Airtel Broadband set to merge
Bharti Airtel and Airtel Broadband had announced the approval of the merger plan between the two Indian telecommunications firms.
Latest News
Lehman Brothers Holdings Inc and Giants Stadium LLC could not agree on the settlement amount of two interest-rate swap contracts the latter had cancelled.
As the UK and the US institute crowdfunding regulations, India is also drafting its own set of rules.
State-owned lender Caixa Geral de Depositos would be selling a 6.11% stake in telecommunications firm Portugal Telecom.
Lambert Private Equity would be purchasing up to USD 200 million of the common stock of Accelera Innovations.
News about Ophir's asset sale in Tanzania caused the oil and gas explorer's shares to rise.
According to a Wall Street Journal report, Marcato Capital would like Sotheby's to divest its New York and London properties.
Emirates NBD would be exiting from its remaining 15% stake in property developer Union Properties. On Thursday, the chief financial officer of Dubai's largest bank said it would be divesting its remaining ownership in Union Properties.
The creation of the USD30 million seed-stage fund was to support entrepreneurs outside South Korea in their startups.
The name of Apple's recently unveiled iPad Air gave rise to the speculation that the company might be cooking up an iPad Pro.
