Streamcast Group eyes London IPO
announced a partnership with Indian state-owned telecom Bharat Sanchar Nigam Ltd to offer “triple play” services as well as a program to provide educational content.
Representatives for Streamcast and the banks declined to comment. Streamcast’s technology allows telecommunications providers with older, lowbandwidth networks to offer video streaming and web calling. The company also provides cloudcomputinganddata-centre services and licenses and produces content, according to its website.
The technology firm is also in talks to back India’s morethan century old Mohun Bagan soccer club, formed in 1889 in Kolkata.
Streamcast has offices in the US, UK, Ireland, Malta, Kenya, Dubai, Bahrain and India, according to the company’s Linkedin page.
Market turbulence has driven up borrowing costs at Manappuram Finance Ltd and the company expects it to rise further by up to 60 bps in the remaining part of this fiscal, said V.P. Nandakumar, the managing director and chief executive officer of the gold loan nonbanking financial company (NBFC).
“Our borrowing costs have gone up by 11 bps and is around 8.88% now. Because of the current market turmoil, we expect it to go up by another 50-60 bps in FY19,” Nandakumar said.
The NBFC has assets under management (AUM) of Rs17,191 crore, of which around 75% is in gold loans