No respite ahead for rupee, one in three expect 80 per dollar soon
BENGALURU: The rupee will trade near its historic low in three months, battered by widening trade and current account deficits, according to a Reuters poll where nearly one in three analysts expected it to weaken to 80 per dollar by September. A global stampede into safe-haven US dollars on rising global recession risks pushed the
MetricStream names Gaurav Kapoor, Prasad Sabbineni co-CEOs
SynopsisOver the past two years, the company benefited from Bruce Dahlgren’s leadership as CEO by expanding the go-to-market with fresh branding, a simplified product portfolio, strategic partnerships, and accelerated GRC SaaS leadership. Last quarter, Dahlgren moved to an advisory role and helped transition the CEO responsibilities.AgenciesIntegrated risk management (IRM) and governance, risk, and compliance (GRC)
M2P Fintech acquires Finflux to boost digital lending capabilities
Synopsis For M2P, the acquisition will allow it to improve workflow automation and roll out support for lending products. ETtechMadhusudhan R, M2P Fintech founder Financial infrastructure provider M2P Fintech is acquiring Bengaluru-based cloud-lending platform Finflux for an undisclosed sum, the company said today. According to M2P, the acquisition will allow it to improve workflow automation
Online tax filing service provider Clear acquires CimplyFive in all-cash Deal
Bengaluru: Online tax filing service provider, Clear (formerly ClearTax), has acquired company compliance automation platform CimplyFive for an undisclosed sum in an all cash-deal. This is Clear’s second acquisition this year as it continues to double down on its software platform and looks to diversify services for its 4,000 enterprise customers. Post completion of acquisition
European shares track Asian peers higher on China tariff relief hopes
European stocks rose on Tuesday as positive economic data from Asia and signs of an easing in U.S.-Sino tensions overshadowed global slowdown worries, while shares of Scandinavian airline SAS slid after it applied for bankruptcy in the United States. The continent-wide STOXX 600 index was up 0.4% at 0708 GMT, tracking gains in Asian markets
