Indian shares rose on Thursday, helped by banks and metal stocks, while investors focused on digital payments company Paytm’s stock market listing later in the day. The blue-chip NSE Nifty 50 index climbed 0.25% to 17,943.65 and the benchmark S&P BSE Sensex added 0.26% to 60,166.58 by 9:24 am. Both indexes…
The Rs 18,300 crore initial public offering (IPO) of Paytm, which is the country’s leading digital payments platform, opened for subscription today. Paytm’s public offering is the largest-ever public issue in the country, even higher than Coal India’s IPO of more than Rs 15,000 crore a decade ago. The 3-day…
Prime Minister Narendra Modi launched e-RUPI, a cashless and contactless instrument for digital payments, this evening. The one-time payment mechanism aims to stop leakages in government welfare schemes and ensures that the benefits reach those they are meant to be. Since the benefits are transferred on mobile phones…
Mumbai: Digital payments pioneer Paytm on Friday took a major step towards launching country’s biggest initial public offering, telling regulators that it would seek to sell $2.2 billion in shares. The offering is the latest in a wave of IPOs in the country, with food delivery firm Zomato this week raising…