Index, a startup that provides software to enhance customer experience in physical stores, received USD7 million in Series A investment from investors including Innovation Endeavors, of which Google executive chairman Eric Schmidt is a co-founder.
Sectors
People Moves: Aviva, Blackstone, Barclays, Hiscox, Hartford Funds
The following financial services industry appointments were announced on Tuesday including Barclays, Hiscox, Hartford Funds and Aon Risk Solutions
Spain to take formal offers for nationalized bank Novagalicia Banco
Spain will take formal offers from potential buyers for Spain's nationalized lender Novagalicia Banco from Tuesday.
Sources say USD1.2 billion Power Grid float to be held likely on December 3
India's Department of Disinvestment, which oversees the divestment of ownership stakes of the state of India in several companies, were pushing for a float to happen to capitalize on the rally of stocks on the financial bourse.
MTR, Eldorado updates original merger agreement in favor of MTR shareholders
According to the joint statement by MTR Gaming Group, Inc and Eldorado HoldCo LLC, the amendments of the merger agreement included increases in cash consideration, payment per share to MTR, of which will be funded by Eldorado.
Latest News
Atomico's Fund III was intended to provide financial support to startups who are raising money via later-stage funding rounds to aid them in scaling their businesses.
Hightail, which was formerly known to many as the file-sharing service name YouSendIt, has raised a total of USD83 million after it nabbed USD34 million in new funding from an investment round led by Western Digital.
According to a Reuters report, the sale of Exxon Mobil Corp's controlling interests in utility and power firms Castle Peak Co Ltd and Hong Kong Pumped Storage Development Co would help the global oil firm return money to investors and focus more on its core businesses.
Google Ventures-backed search-advertising startup Trada was said to have laid off most of its staff. An unnamed source said that the company might be anticipating a sale or shutdown.
A most notable reason of Russian oil company Bashneft planned to launch an initial public offering was to avoid the chances of a hostile takeover by a potential investor, said one investment firm analyst.
Proceeds to be received from the planned initial public offering of New Zealand aviation company Airwork would go towards a stock buyback program, repay debts to affiliates and inject working capital into the firm.
The Wall Street Journal said it was highly unusual for a bank or an entity to withdraw from its role as an underwriter for an initial public offering or any similar deal, much less weeks before the deal is scheduled to begin.
Melbourne-based tech startup IntelligenceBank raised USD2 million in a seed funding round led by local investment firm KOTJ. The funds will be used for the company's market and workforce expansion.
Georgia-based eCommerce technology company Innotrac announced that will be acquired by investment firm Sterling Partners for USD106.6 million in cash. The deal would make Innotrac a privately-held company.
