11th Mar 2015 08:55
LONDON (Alliance News) - Tungsten Corp PLC on Wednesday said it has secured approval in India to provide e-invoicing services.
Tungsten, which provides e-invoicing, invoice financing and analytics services, said the approval comes as the Indian government has altered legislation to allow all service-related invoices to be transmitted electronically in the country.
"This is a major step forward for e-Invoicing in India, which has the potential to be one of the largest global markets for Tungsten. Due to the legislative changes made, Tungsten will now be able to offer customers in India an e-Invoicing and e-archiving service similar to those we provide in the EU and the rest of the world," said Tungsten Chief Executive Officer Edmund Truell.
Tungsten shares were up 6.1% to 189.66 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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