Automation Anywhere, a robotic process automation (RPA) company, has announced that it has acquired Klevops, a privately-held company based in Paris. With the acquisition, Automation Anywhere fast forwards the RPA category to Attended Automation 2.0, where managers can easily orchestrate work streams across a team of employees and bots, driving a higher level of employee productivity and improved customer experience.

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The government is expected to finalise a plan to revive ailing state-owned telecom carriers — Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) — by end of this month. Separately, the country’s telecom licensor has also provided INR 5 billion to BSNL, which will be used to foot the PSU’s July employee wages. “Since the revised Cabinet memo was prepared incorporating the suggestions of the Group of Ministers (GoM), a separate approval from the GoM is not necessary.

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Immediate Payment Service, or IMPS, is gaining traction, with the number of transactions rising to 190 million in July even as the transaction value for UPI and the Centre’s flagship digital payment app BHIM continued to decline for the second straight month. According to data released by the National Payments Corporation of India, IMPS, with 498 member-banks, hit a record high in July in terms of value, too. As many as 189.2 million transactions amounting to over INR 1820 trillion were conducted through IMPS in July against 171.3 million transactions worth over INR 1730 trillion in June.

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Chennai-based banking technology solutions provider Maveric Systems is aiming to double its revenues to INR 6500 million over the next four years, due to a rising IT spend by global banks. “Our quality assurance and engineering services had a base revenue of over INR 2900 million in FY19 and is expected to post a 20 pc growth trajectory for the next three years,”

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Tiger Global has led a Series E funding round totalling USD75 million in the managed marketplace for home services, UrbanClap. Existing investors, Steadview Capital and Vy Capital, also participated in the round. This transaction was split into two parts – a primary round, which resulted in a share subscription by the above named investors, and a secondary share sale by some early institutional investors. The Gurugram-based start-up has raised a total of USD185.9 million to date.

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