ETtech Morning Dispatch on March 4, 2021: NUE world order
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It seems like every company wants an
NUE licence these days and with good reason. India is, after all, one of the biggest untapped digital payments markets in the world.
Flipkart,
Mastercard and
PayU have now decided to buy a 30% stake in Ferbine, the consortium headed by Tata Group that wants to set up a rival to the National Payments Corporation of India. Ferbine in turn will face competition from the likes of
Reliance and Amazon as these three biggies look to shape the future of digital payments in India.
India Digest: Reliance to buy Milkbasket; Fairfax eyes exit from Seven Islands
Photo: Pixabay
February 18, 2021
After a few months of negotiations, Reliance is finally close to acquiring subscription-based milk delivery startup Milkbasket. Separately, Fairfax-backed Seven Islands Shipping Ltd has filed draft red herring prospectus with SEBI for an initial public offering (IPO).
Reliance close to acquiring Milkbasket
Reliance Industries Ltd is close to acquiring subscription-based milk delivery startup Milkbasket for about $40-43 million, Entrackr reported.
The talks between the two have been on for a while and have now reached the last stage of negotiations. Reliance already offered a term sheet early this month and the transaction could be announced soon, the report said quoting a source.