October 27, 2023 New Delhi, India Delhi-NCR Commuters Can Now Enjoy Seamless Payment Solutions Prime Minister Narendra Modi recently launched an innovative payment solution that promises to simplify the daily transactions of millions of commuters in the Delhi-NCR region. The Paytm Payments Bank Wallet & Transit Card, known as the National Mobility Card (NCMC), aims…
Date: Aug 09, 2023 Place: New Delhi, India Vijay Shekhar Sharma, the founder and CEO of Paytm, is poised to increase his stake in the company by 10.3%. The move involves acquiring shares from Antfin (Netherlands) Holding BV, a subsidiary of China’s Ant Group. Upon completion, Sharma’s combined ownership (direct and indirect) will rise…
The stock price of One 97 Communications, also known as Paytm, went down on Wednesday as investors sold their shares. Over 6.5% of Paytm stock has gone up in the last seven trading days. Yes Securities is the latest company to raise its target price for Paytm because it thinks the company will make a…
To obtain a payment aggregator licence from the RBI, Paytm Payments Services (PPSL) will require regulatory clearance for investments from its parent company One97 Communications.When giving licences to payment aggregators in November 2022, the RBI instructed Paytm to resubmit its application within 120 days of fulfilling the required requirements. Also, the central bank has forbidden…
October 23, 2024 New Delhi, India Stock Market Highlights The Indian stock market closed in the red on Wednesday, with both the BSE Sensex and NSE Nifty50 ending a volatile session with losses. The BSE Sensex shed 138.74 points, or 0.17%, to close at 80,081.98, while the NSE Nifty50 dropped 36.60 points, or 0.15%, settling…
October 22, 2024 New Delhi, India Zomato Zomato’s board has approved a proposal to raise ₹8,500 crore through a qualified institutional placement (QIP) of shares to strengthen its cash reserves amid increasing competition from rivals Swiggy and Zepto. The Gurugram-based food and grocery delivery giant, whose cash balance dropped from ₹14,400 crore to ₹10,800 crore…
August 29, 2024 New Delhi, India Stock Market Today On Thursday, Indian benchmark indices rebounded strongly, with the BSE Sensex and NSE Nifty 50 reaching record highs. The Sensex closed at 82,135 points, marking a gain of 349 points or 0.43%. The Nifty 50 ended at 25,152, up by 100 points or 0.40%. Top Gainers…
August 29, 2024 New Delhi, India Berkshire Hathaway Berkshire Hathaway has made history by becoming the first U.S. company outside the technology sector to surpass a $1 trillion market capitalization. This landmark achievement was reached on Wednesday, with the company’s shares rising by 0.8% to push its market value above $1 trillion for the first…
August 26, 2024 New Delhi, India Stock Market Today Indian equity markets had a bullish close on Monday, August 26, 2024, with the Nifty 50 crossing the 25,000 mark and the Sensex adding 612 points. The markets were buoyed by strong performances in the IT, Metal, and Realty sectors, reflecting positive investor sentiment. Key Market…
August 22, 2024 New Delhi, India Stock Market Today Indian benchmark indices closed on a positive note on August 22, with the Nifty maintaining its position above 24,800. The market’s upward momentum was supported by gains in key sectors like banking, metals, and realty, while power and pharma stocks witnessed a decline. Market Performance: At…
