New Delhi: One 97 Communications Limited, the holding company for PayTM, has announced the launch of Paytm Postpaid, a credit line through UPI allowing existing users a Rs.60,000 per month credit limit, excluding peer to peer transactions. This feature, launched in partnership with Suryodaya Small Finance Bank, is expected to directly challenge the credit card industry, which has witnessed its growth momentum on the back of credit transactions via UPI since 2022. “In India, families and individuals often look for a little extra flexibility to manage their everyday expenses with ease. Whether it’s paying at a local store, managing household…
Author: Abizar Attari
Abizar Attari
Abizar has been writing before AI started to take over your lives! His expertise lies in analysing diverse perspectives and simplifying them for laymen. Beyond writing, storytelling and editing, he enjoys running, learning and enjoying the outdoors.
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New Delhi: Union Health and Family Welfare Minister JP Nadda addressed the MedTech Forum 2025, calling it a ‘key pillar of health transformation in India’. The sector includes the crucial medical equipment and related technology market, where India holds a minuscule 1.65% of the total $1.1 trillion global market. In his address, the Minister highlighted the sector’s role in boosting public health- through diagnostics, advanced devices, digital health and most recently, AI-driven health monitoring needed to contribute toward making healthcare accessible and affordable to every citizen. The Minister stated that the Forum’s theme and agenda align perfectly with Prime Minister…
This year, we’ve already seen companies raise Rs.63,160 crore through 43 IPOs. With only three months left in this year, here are six SEBI-approved IPOs that you can consider investing in, based on the company’s profile, future outlook, and other details. As these IPOs have been approved just recently, the dates haven’t been announced yet. Visit SEBI’s website for more information. 1.Pine Labs Amount to be raised- Rs.2,600 crore with an Offer For Sale (OFS) of up 14.78 crore shares Fintech major Pine Labs, known for its end-to-end retail payment solutions, is expected to launch its public issue soon, following…
Gurugram: Struggling airline SpiceJet has signed a lease to induct 8 Boeing 737 aircraft, strengthening its existing fleet to 18 aircraft, according to an announcement made to the bourses. This is in addition to two earlier lease agreements inducting 10 Boeing 737s, scheduled to join the fleet in October 2025, ahead of peak holiday season. “We are delighted to announce the addition of eight more Boeing 737 aircraft to our fleet, taking our total planned inductions to 18 aircraft for the Winter Schedule 2025. These additions reaffirm our commitment to expanding capacity, ensuring seamless connectivity, and offering a superior flying…
Mumbai: Maharashtra Scooters Limited, a part of the Bajaj Group, has surprised its investors by announcing an interim dividend of Rs.160 per Rs.10 equity share- a 1600% dividend on the face value. Following the announcement on Monday, September 15, the company’s shares rose 5%. According to a statement to the bourses, the record date to determine eligible shareholders is Monday, September 222, with the dividend amount to be credited on Monday, October 13. Pune-based Maharashtra Scooters has been one of the most sought-after stocks in the market, primarily for its generous dividend payouts. Last year, the company paid Rs.170 as…
Mumbai: iValue Infosolutions, a Bengaluru-based technology solutions integrator, is all set to go public with an IPO slated to open on September 18. The company, backed by private equity firm Creador, is offering 1.87 crore shares held by the promoters through an Offer For Sale (OFS) issue. The IPO will close on Monday, September 22, according to its Draft Red Herring Prospectus (DHRP). The promoters, including the chairman Sunil Kumar Pillai and executive director Krishna Raj Sharma, along with ten other promoter group members, are collectively selling their shares in this IPO. Along with this, Sundara (Mauritius) Ltd, an affiliate…
Mumbai: Sarveshwar Foods Limited has won a significant export order worth Rs.63.1 crore from Singapore-based Swan International Pte Ltd. This order covers the supply of multiple varieties of premium Indian parboiled rice. The order has come through the company and its subsidiary, Sarveshwar Overseas Ltd, through four export contracts. Swan International is a leading Singapore-based foodgrain supplier that offers end-to-end services including storage, warehousing, processing, transportation and supplying produce. This is a major breakthrough order for Jammu-based Sarveshwar Foods, which currently supplies high-quality, packaged basmati and other varieties of rice through its own brands for domestic and international customers. “Securing…
Mumbai: Indian engineering major Larsen & Toubro (L&T) has won an additional contract to design, supply, construct, test and commission track works between Mumbai (Bandra-Kurla Complex) and Zaroli village (Gujarat) for the Mumbai Ahmedabad High Speed Rail (MAHSR) corridor, the company said in a press release. The order, awarded by the National High Speed Rail Corporation Limited (NHSRCL), involves erecting approximately 156 kilometers of track works, including 135km of elevated viaduct (package C3) and 21km in underground sections (packages C1 and C2). This is the second contract the NHSRCL has awarded L&T, following 116 km between Vadodara City to Sabarmati…
Mumbai: RRP Electronics Ltd, a semiconductor packaging company, has received a letter of comfort from the Maharashtra government to set up a Rs.12,000 crore semiconductor fabrication facility in Navi Mumbai, according to a report by PTI. The state government is all set to allocate 100 acres of land to the company to set up the semiconductor fabrication facility, which is all set to produce 125,000 wafers per month. The facility is expected to be ready by mid-2026, after construction commences within 6 months. The report claims the semiconductor fab will be ‘relocated’ from Sherman, Texas, but doesn’t give any further…
Mumbai: The Securities and Exchange Board of India (SEBI) has approved a set of reforms for the capital markets in an attempt to facilitate investments from domestic and foreign investors while also ironing out certain regulatory grey areas. These were the key takeaways at the meeting chaired by SEBI chief Tuhin Kanta Pandey. Boosting retail investors’ presence in IPOs With renewed retail investor interest in Initial Public Offerings (IPOs), the SEBI has lowered the Minimum Public Offer limit to Rs.1,000 crore and at least 8% of the post-issue market cap. Currently, any IPOs with a post-issue market cap of above…
