Ebix

Delphi World Money acquires stake, management control in Ebix Travels

Delphi World Money acquires equity stake and management control in Ebix Travels to expand beyond forex and build an integrated travel and financial services ecosystem

Ebix Tech secures ₹140 crore contract from Maharashtra Transport Corp

Ebix Technologies, Indian subsidiary of Eraaya Lifespaces, on Tuesday announced securing a Rs 140 crore contract from Maharashtra State Road Transport Corporation for the first state-wide rollout of the National Common Mobility Card for concessionaires in India. Once fully operational, the project is expected to clock transactional volumes to the tune of Rs 2,000 crore annually, boosting the entity's digital transaction ecosystem and passenger convenience, Ebix Technologies Limited, earlier known as EbixCash, said in a statement. In November 2022, the company was awarded a contract to supply and maintain 38,622 Android-based Electronic Ticketing Machines (ETMs) integrated with an online reservation system. This mandate has successfully facilitated the issuance of approximately 220 crore passenger tickets in the past two years, Ebix Technologies said, adding that this network spans MSRTC's fleet of over 16,000 buses, serving more than 13 crore passengers monthly across urban and rura

Software firm Ebix files bankruptcy after short-seller attacks, debt woes

Publicly traded Ebix is the parent of Indian fintech company EbixCash, which facilitates payments, foreign exchange and prepaid gift cards.

Remitting money? Use lock-in facility to get best forex rate, say experts

Take into account transaction fee, conversion fee, and exchange-rate mark-up when comparing players' costs

BSE Ebix, LIC join hands for distribution of insurance products

'Under this agreement, BSE Ebix will offer their clients insurance products offered by LIC such as Life and Health, using its omni-channel digital presence'

Yatra terminates Rs 2,300-cr merger pact with US software firm Ebix

Demands substantial damages due to alleged breach of agreement

Yatra Online terminates pending merger agreement with US-based Ebix Inc

Online travel firm Yatra Online Inc said it was seeking damages against Ebix for breaching terms of their merger agreement

Top 10 biz headlines: Changes in insolvency law, IndiGo board meet, & more

From changes in insolvency law to Wipro Q1 results, Business Standard brings you the top headlines that made news on Wednesday

We have put in more than a billion dollars, says Ebix Group CEO Robin Raina

'I have a 26 per cent stake in the parent company, Ebix Inc. The new agreement says I will get to keep this irrespective of whether I stay on, get fired, or leave,' says Robin Raina

BSE-Ebix JV gets IRDAI approval for distribution of insurance products

The JV will make use of the reach of both BSE and EbixCash, which spans over 300,000 outlets across the country

Ebix acquires corporate travel business of cash-trapped Cox & Kings

The company said it has signed a deal with Cox & Kings to transfer it's business travel agreements with corporates in India with EbixCash's Mercury Travel division

EbixCash acquires 67% stake in trucking logistics marketplace Routier

Routier is pioneering a cloud-based technology to change the way people move and receive inland goods in India

Ebix on buying spree to build financial, insurance exchange stack in India

Ebix continues to keep its eyes open for more companies to buy, to further its hold over the Indian market

E-learning: Ebix to acquire majority stake in SmartClass Educational

Will Ebix be able to compete with Byju with investors such as Sequoia, the Chan Zukerberg Foundation and China's Tencent?

Ebix to acquire money transfer biz of Transcrop for $7.4 mn

Ebix, an IT services vendor to the financial sector, today said it will acquire the money transfer business of BSE-listed Transcorp International for USD 7.4 million or Rs 46 crore in an all-cash deal. This will be the Noida-headquartered company's fourth remittances-related acquisition in the last five months and will increase its share in the inward international remittance market to up to 80 per cent, it said in a statement. The acquisition is being done through one of its Indian subsidiaries present in the domestic remittance market, Ebixcash, it said, adding that it is subject to regulatory approvals which should take about two months. Ebix has entered into an agreement to acquire the Money Transfer Service Scheme (MTSS) business of the BSE-listed Transcorp International. Ebixcash's chief growth officer, Bhavik Vasa, said, "Post announcing our USD 200 million growth fund for India, this is our fifth M&A deal, solidifying our leadership position across digital ...