Infibeam Avenues To Acquire Remaining 26% Stake In Its Digital Entertainment Arm
Infibeam Avenues Ltd., a leading digital payments and e-commerce technology platform, has announced the acquisition of the remaining 26% stake in Infibeam Digital Entertainment Pvt.
Post-acquisition, Infibeam Digital Entertainment would become a wholly owned subsidiary of the company, as per an exchange filing.
The board has also approved the incorporation of Phronetic.AI, the company's artificial intelligence business. The subsidiary will then be dedicated to the AI-enabled fraud detection and prevention market, with an initial focus on the fintech and financial sectors.
The company's objective is to develop cutting-edge AI solutions for fraud detection, authentication, and risk identification. The complete ownership is expected to streamline operations and provide a unified direction for future growth.
The new subsidiary aspires to be a "one-stop shop" for integrating AI and machine learning into daily operations, analysing data, and providing actionable insights. These solutions are designed to help businesses, organisations, and governments combat the increasing threats to financial systems, businesses, and national interests.
The board also appointed Narayanan Sadanandan as an additional independent director of the company. Sadanandan currently serves as a senior advisor to Modulus Alternatives Investment Managers Ltd. and holds positions on various boards as an independent director.
-
Talking Points This Week: Leadership Shock At Nvidia, Earnings Strength, And The Fog Over Hormuz
The Anthropic IPO pricing and first trading day, Nvidia's upcoming earnings, and any fresh signals from Iran will set the tone for the following week.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
