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Tuesday, January 19, 2021

Digital payment startup BharatPe raises Rs 139 crore debt from Alteria Capital, ICICI Bank

Founded by Ashneer Grover and Shashvat Nakrani in 2018, BharatPe offers merchants a single interface for all UPI apps like Paytm, PhonePe, Google Pay, BHIM, Mobikwik, Freecharge and others. It also facilitates loan facility for its merchant partners. Fintech company BharatPe on Sunday said it has raised Rs 139 crore (about USD 20 million) in debt from venture debt firm Alteria Capital and ICICI Bank that will be used to strengthen ...more

Today’s headlines
Cisco reaches new deal to acquire Acacia for $4.5 billion
Cisco initially offered to acquire Acacia for $70 a share, or $2.6 billion in July 2019. Networking giant Cisco has agreed to acquire Acacia for $115 per share in cash, or approximately ...more
Legal & Patents
No policy changes till May, WhatsApp says will clear the doubts
The updated policy terms were first announced via an in-app notification to users by WhatsApp, owned by Facebook, asking them to agree to the new terms by February 8 or lose access to their accounts....more
Policy & Regulation
MeitY draft: PLI outlay for laptops, servers at Rs 7,500 crore
The investment targets for overseas players would be fixed at around Rs 500 crore spread over a period of four years (Rs 125 crore per year) while for local companies it would be Rs 20 crore (Rs 5 crore per year). ...more
DoT cuts revenue estimate from telecom sector to Rs 40,000 crore: Report
The government expects to gain revenues of Rs 40,000 crore from the telecom sector, less than a third of the budget estimate of Rs 1.33 lakh crore. ...more
BSNL tender: The curious case of indigenous 4G core and Mavenir
The most interesting development is a claim made by OpenRAN major Mavenir at the recent BSNL meeting, which was attended by home-bred and multinational vendors and system integrators. Texas-based Mavenir claimed that their 4G core is indigenous, at least three senior executives from vendors told ET. ...more
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