Hinduja Global Solutions acquires US-based AxisPoint for $14m

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Hinduja Global Solutions Ltd (HGS) has acquired US-based health management company CMH Services Subsidiary LLC, which operates under the name  AxisPoint Health, for $14 million. AxisPoint Health offers care management, nurse advice line and analytics...

NestAway raises $51 million from Goldman Sachs, others

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Home rental network NestAway Technologies has raised $51 million (about Rs 330 crore) from investors including Goldman Sachs and a joint venture firm of noted industrialist Ratan Tata. UC-RNT Fund, a joint venture between Tata Son’s...

Zomato receives $150 million funding from Alibaba unit

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A unit of China’s Alibaba Group Holding Ltd has invested $150 million in Zomato, valuing the Indian food search and delivery service at more than $1 billion. Ant Financial Services Group, Alibaba’s payment affiliate, is also...

Citi Ventures, PNC invest $6 million in HighRadius

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The fresh funding would be used for technology development, according to senior executives from Highradius on the condition of anonymity. The United States-based company had earlier secured a $50 million funding from Susquehanna Growth Equity...

Rs11,400 crore fraud at Punjab National Bank

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State-run Punjab National Bank (PNB) said it has unearthed fraudulent transactions of around Rs11,400 crore in one of its branches in Mumbai and filed a complaint with the Central Bureau of Investigation (CBI) on the...

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