EMERGE has the potential to significantly improve access to risk capital for emerging companies.
The National Stock Exchange announced the launch of its SME platform. The new platform will be called ”EMERGE”, as it symbolises the aspirations of a large number of entrepreneurs actively participating in the India growth story and having the potential to unlock value and emerge on a bigger stage. It will also provide investors with exciting opportunities to invest in growing businesses. EMERGE has the potential to significantly improve access to risk capital for emerging companies.
Ravi Narain, MD & CEO of NSE, said “Globally, junior platforms have succeeded by coordinated efforts of exchanges, merchant bankers and investors including angel investors and VC/PE community. We are confident that India today has all the ingredients for the platform to become an engine of growth for deserving companies to raise capital in an efficient manner ’’
Chitra Ramkrishna, jt. managing director, NSE, said “issuers may opt for either call auction or continuous market depending on the investor profile. NSE will also encourage issuers to undertake certain voluntary standards for improved governance and transparency”.
Head of the SME project at NSE, Ravi Tyagi said “We have actively engaged with all the stakeholders and we hope that different classes of investors will see this as an opportunity to invest in companies having promising business models.
Continuous engagement and collaboration with all stakeholders is imperative for the long term success of the SME platform and we are committed to devoting effort and resources towards that. Merchant bankers will play a very important role in the success of ‘EMERGE’.”
Subex wins managed services contract for ROC fraud management from leading Indian services operator, Idea Cellular.
Subex, a global provider of business support systems for communications service providers, announced that it has won a million dollar contract for providing its industry leading ROC fraud management solution through managed services for Idea Cellular for postpaid and roaming. This is a fully outsourced managed services deal, where Subex will be running the operator’s entire fraud management operations.
In the late afternoon, Idea Cellular was trading at around Rs98.10 per share on the Bombay Stock Exchange, 1.92% up from the previous close.
Digital content specialist, Prime Focus, forms strategic alliance with ISP giant LaserNet
Prime Focus Technologies (PFT), the global digital content specialist, has entered into a strategic alliance with South African ISP giant LaserNet. The agreement will see LaserNet bringing PFT’s CLEAR unified content operations platform and supporting services to its substantial media and entertainment sector client base in the region.
This alliance reflects a synergy between PFT’s technological innovation and content operations expertise, and LaserNet’s established client relationships and network infrastructure. The merging of these complementary strengths will accelerate the already growing pace of digital transformation in the South African marketplace.
PFT’s CLEAR platform will allow content owners in South Africa to add new revenue streams, drive efficiencies, reduce cost and exploit content by enabling them to migrate to file-based workflows and capitalize effectively on new multi-platform opportunities.
With the dynamic combination of PFT’s technology and experience and LaserNet strong local foothold and infrastructure, the strategic alliance will result in new growth and development opportunities for the media and entertainment industry in South Africa.
In the late afternoon, Prime Focus was trading at around Rs49.10 per share on the Bombay Stock Exchange, 1.45% up from the previous close.