Mon 9 Nov 2009 | 1:33 IST
You are here: Home > Money > Article
Home
Money
Business News
Markets
Deals
Economy
Industries
Quotes
Funds
Currencies
Personal Finance
Portfolio
News
Do More With Reuters
RSSRSS Feed
Widgets
Mobile
Newsletters
Partner Services
City SearchNew
About Thomson Reuters

India's Essar buys stake in mobile payment provider

Mon Apr 28, 2008 3:00pm IST
 
Email | Print | | Single Page
[-] Text [+]

NEW DELHI, April 28 (Reuters) - India's Essar group said on Monday its telecom unit, Essar Communications Holdings, had bought a strategic stake in California-based Obopay Inc, a service provider for payments via mobile phones, for an undisclosed sum.

Obopay has received $20 million in venture funding recently from a clutch of investors, including Essar, the Indian firm said in a statement. (Reporting by Devidutta Tripathy)

g20 meeting

Russian Finance Minister Alexey Kudrin poses with his G20 colleagues and central bank leaders during the family photo at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland. REUTERS/POOL New
Pledge to support economies

G20 financial leaders pledged to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured.  Full Article | Related Story 

UK floats bank levy, G20 launches imbalances framework

Also on reuters

Can monetary policy curb inflation
Can monetary policy curb inflation
Buffett's train ride is on a one-way track
Buffett's train ride is on a one-way track
Asian IPO fatigue hits India, elsewhere
Asian IPO fatigue hits India, elsewhere

special coverage

Photo
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.  Full Coverage 

Slideshow: The lighter side of recession

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

SHOWCASE

Sanjay Sinha
Balancing Act

In India, it is a tough choice between growth, managing inflation and financial stability.  Full Article 

 
Nipun Mehta
Road to Recovery

There needs to be an acceptable balance created between education and healthcare and infrastructure spend, says Nipun Mehta of SG Private Banking.   Full Article 

 
Robot AsimoSlideshowSlideshow 
Robot Asimo

Snapshots of Honda Motor's humanoid robot Asimo  Slideshow 

Slideshow: Motorola Droid
 
Marketing Strategy
Marketing Strategy

Companies are now using direct marketing methods to sell their products.  Full Article 

 
Exit Plans
Exit Plans

Factbox - Stimulus exit plans for Asia-Pacific's big 5 economies  Full Article