Retains Dominant Leadership Role in Foreign Exchange, Inward and Education Money Remittance SectorsAddition of five international airports with presence now across 25 international airports.Launches UPI Handle to Facilitate Seamless Digital Transactions countrywide NOIDA, India, Jan. 08, 2024 (GLOBE NEWSWIRE) -- EbixCash Limited, a subsidiary of Ebix, Inc. (OTC: EBIXQ), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-le

Record Numbers Reported Both in December 2023 and Q4 of 2023JOHNS CREEK, Ga., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Ebix, Inc. (OTC: EBIXQ), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare, and e-learning industries, announced today that its Annuity Exchange AN4 has reported record volumes in the last quarter of 2023, besides reporting a record performance for the full year of 2023. Ebix’s AN4 Annuity exchange is an integral key

This story was first published on the Benzinga India portal. Under the helm of Robin Raina, Ebix Inc. (NASDAQ: EBIX) has declared bankruptcy in the U.S. amidst a towering debt exceeding $600 million. This development has thrown a shadow of uncertainty over the future of the company's Indian arm, EbixCash, a notable player in the fields of forex, gift cards, and payment services. The financial turbulence of the NASDAQ-listed parent company originates from its failure to clear loans. The corporati

While it's business as usual for EbixCash, it remains to seen if this will further delay the company's IPO launch.

Higher interest rates and fallout from auditing questions contribute to chapter 11 filing of the software and e-commerce services supplier.

(Bloomberg) -- Insurance software firm and short seller target Ebix Inc. filed for bankruptcy after struggling to bounce back from high interest rates and looming debt payments.Most Read from BloombergApple to Halt US Sales of Smartwatches After Patent LossUS Frackers Return to Haunt OPEC’s Pricing StrategyGulf Splits Hinder US Efforts to End Houthi Ship AttacksBP to Pause All Tanker Transits Through the Red SeaDocuments Reveal Hidden Problems at Russia’s Nuclear PowerhouseThe Johns Creek, Georg

Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare, and e-learning industries, announced today that it has reached a "stalking horse" agreement to sell its North American Life and Annuity assets (the "NA L&A Assets") to Zinnia, an Eldridge business and leading life insurance and annuity technology and service company, as part of its efforts to strengthen its balance sheet and position

Once the post-COVID boom faded, many high-flying tech stocks plummeted, potentially creating opportunities for growth investors looking to position their portfolios for substantial gains. In my view, select beaten-down tech companies appear primed for massive upside if bought before the impending recovery. Of course, timing the bottom involves substantial risk, given the ongoing market turbulence. However, I don’t foresee an imminent recession, given the strength of the labor market and strong m

JOHNS CREEK, Ga., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare, and e-learning industries today announced the following results for the quarter ended September 30, 2023: Q3 2023 GAAP Revenues of $119.2 million, with 1.1% Year-over-Year decline vs. Q3 2022 Non-GAAP Revenues of $120.5 million (with all revenues normalized on a net basis). On a GAAP

In this piece, we will take a look at the 12 Best Stocks For Day Trading. If you want to skip our introduction to trading indicators and the economic climate, then check out 5 Best Stocks For Day Trading. The modern day stock market is significantly different from the one of the early 1900s. These […]