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Axis Bank plans to raise Rs 3,000 cr through bond sale

first_img*Countrys third largest private sector lender Axis Bank is planning a Rs 3,000 crore tier-II bonds issue, sources said today.The paper has been rated IND AAA with a stable outlook by the domestic rating agency India Ratings.In a statement, the rating agency said the ratings have been equated to the banks long term issuer rating which reflects the banks diverse earnings profile and robust profitability.When contacted, a bank spokesperson declined to share additional information on the transaction.******** Flipkarts EKART launches courier service *EKART, the logistics arm of Flipkart, today launched EKART Courier, marking the foray into a direct consumer facing business.The company aims to add structure to the fragmented courier market in India offering doorstep slotted pickup services with complimentary packaging, it said in a statement.EKART will deliver across 3,800 pin codes with pick-ups enabled in eight cities by June 2016.”We aim to address significant fundamental challenges faced by consumers such as hunting for a courier agent/shop, tracking the parcel, ensure the parcel is packed securely so it does not get damaged,” Flipkart VP Amitesh Jha said.******** Fantasy Sport Tech launches new app Ballr *Fantasy Sport Technologies today launched a new app Ballr, a rapid fire micro game that replaces monetary prizes with experiences and premium prizes.”I believe this will be a great platform for fans to connect with the game. It gives them the chance to play alongside, test their skills and get rewarded by brands,” Ballr founder and CEO Sam Jones said.Following the launch with cricket in India, Ballr will launch soccer and basketball games in China, Thailand and Vietnam.advertisementBallr has received USD 4 million in seed capital to date and will use this, as well as celebrity athlete endorsements, to pursue a market of an estimated 281 million adult sports fans in China and 93 million in India.******** TaxiVaxi receives second round of funding from investors *TaxiVaxi today said it has secured an undisclosed amount of funding from individual investors.The second round comes within seven months of the previous round.”The second round will be a structured transaction and we will be using the funds to expand into more cities, strengthening our technology base and increasing workforce,” Neeraj Tayal, co-founder and CEO of TaxiVaxi.com, said. (MORE) PTI SR AA NRB SBT ABIlast_img read more

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