The proceeds of the second round of funding will be used to expand Innoviti's business of real-time distribution of credit to small and medium enterprises (SMEs), IPS said in a statement.
The deal, valued at about Rs 800 cr, is expected to be completed in 2015, Fairfax said in a statement.
While the 30-share Sensex closed 237.98 points down at 28,182.14, 50-share Nifty shed 74 points to 8,529.45. This is the indices' biggest decline since July 8.
It also indicated that currency movements and cheap Chinese imports are impacting the operations of its UK arm and the firm may undertake more "asset right-sizing" measures in the near future.
With Parliament's monsoon session having begun today and a number of corporate quarterly results out, here are the five stocks that remained in news today.
Prime Minister Narendra Modi is under pressure from the opposition to fire Sushma Swaraj amid claims she gave favours to Lalit Modi who faces allegations of tax evasion
Around 34 per cent of Singh's stake is "pledged or otherwise encumbered". This accounts for more than 20 per cent or one-fifth of the total shareholding in the carrier, as per the data.
The bank's net NPA however rose to Rs 1,028 crore Vs Rs 896.3 crore (QoQ).
Analysts say results warning can cut FY16 consensus earnings estimates by 8-10 per cent as company struggles to fix manufacturing problems at Ranbaxy Laboratories, which it bought last year.
The report estimates that the project where the bullet train will run at a speed of over 300 km per hour will cost Rs 98,805 crore.