UCWeb has strongly denied reports that it is holding any acquisition talks with Paytm. The denial comes barely 24 hours after media reports claimed that Paytm is pursuing acquisition talks for buying UCWeb’s India business. Reports also claimed that Paytm’s CFO Madhur Deora is heading the acquisition talks and has already held meetings with the…

Continuing with its acquisition spree, Paytm is reportedly in talks to acquire UCWeb’s India business. For all those who don’t know UCWeb is a popular mobile browser, which today accounts for 51% of market share in India’s mobile browsing market. Its rising popularity can be gauged from the fact that last year it managed to…