The majority of the proceeds from the issue will be utilised to prepay or repay, in full or in part, the existing debt, and up to 25 per cent for general corporate purposes
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The company said that, in the meantime, PPSL will continue to provide online payment aggregation services to existing partners.
This is much higher than Blinkit's 25,000 SKUs and Zepto's 10,000 SKUs. Zepto has stated that it intends to increase SKUs on its platform to 20,000 before the festive season begins
Stock broker Groww on Tuesday announced safeguards and measures to protect F&O traders from potential losses, making it one of the firsts to implement curbs at broker level
Sources in the bank said the development does not have any bearing on the financial aspects of the bank. "It was a human resources department decision," a source said
TCS Pace Studio in Manila, the fifth of its kind globally, is part of an extensive innovation ecosystem of TCS Pace spanning major global cities
Special shareholder quota for Bajaj Finserv, Bajaj Finance shareholders
The company added that the transaction marks the second sustainability-linked financing raised by UltraTech, following its inaugural sustainability-linked bond issuance in 2021
Xerox and HCLTech started their partnership in 2009 with a focus on product engineering and IT and process support services
RLL, a branded textile and apparel company, is expected to list in early September. The company was hived off from Raymond last month
Amazon Pay UPI has become a significant success, said the company, streamlining transactions both on the Amazon.in shopping app and across a wide range of external platforms
Index provider NSE Indices on Friday announced fashion retailer Trent and state-owned Bharat Electronics (BEL) will replace Divi's Laboratories and LTI Mindtree in the flagship Nifty 50 index
The trend of central banks following their American counterpart's lead is not always certain
Axis Mutual Fund on Thursday announced the launch of a consumption fund which will invest in firms across sectors like FMCG, consumer discretionary, retailing, auto, and realty
At present, the industry is growing at a rate of 8 per cent, and TVS Motor is growing at a rate of 12 per cent