Page 291 - Bs Reporter

Paytm Payments Bank becomes the largest beneficiary on UPI platform

With 469.84 mn transactions in March it is ahead of the country's largest lender SBI and private lenders such as Yes Bank, ICICI Bank, Axis Bank and HDFC Bank

Qapita raises $5 mn in Pre Series A round led by MassMutual Ventures

Qapita helps private firms and startups record and manage capitalisation tables (cap tables) and ESOPs. It also aims to digitise issuance of equity awards and shares

Tata Digital infuses Rs 100 cr debt in online medicine startup 1mg: Report

The move ahead of the Gurugram-based firm's acquisition by the Tata Sons arm

Railway pointsman gets bravery award for saving child near Mumbai

Deed caught on CCTV camera; Railway Minister Piyush Goyal praises him; Asian Institute of Transport Development announces Rs 50,000 award

InMobi's Tewari warns of rising cases, offers staff help in audio message

The firm had plans to continue work-from-home till July, but with now Covid cases surging, it may extend the facility

FMCG startup AnKa SumMor raises Rs 3 cr in pre-Series A round led by IPV

AnKa SumMor works with FMCG brands to help them scale up their businesses rapidly

RBI to set up Regulations Review Authority from May 1 for one year

RRA, set up to review/seek suggestions on simplification, ease of implementation of regulations, to be led by M Rajeshwar Rao

SBI refunds charges deducted from basic savings bank deposit accounts

In a statement, SBI said it had stopped recovering charges in BSBD accounts on all digital transactions with effect from September 15

Dabur m-cap tops Rs 1 trillion, shares up 2.2% to lifetime high of Rs 573

Stock has gained 9% in a month even as Sensex shed 3% during this period. Currently, 41 listed companies have market cap exceeding Rs 1 trillion

Amazon leads $10-million investment in MSME fintech startup M1xchange

The round also saw participation from BEENEXT and Mayfield

Working on hydrogen-natural gas synergy, broader role for former: Pradhan

Minister says role of hydrogen to go beyond transport, embrace chemicals, iron, steel, fertiliser and refining, among other areas

Aditya Birla Capital board approves initial public offering of AMC arm

The board has approved an offer for sale of up to 2.8 million shares at face value of Rs 5 held by the company in the AMC, the firm said in a notification to exchanges, according to reports

Modi Group's Indofil eyes higher share of global biz this financial year

Company claims to have export presence in more than 120 countries, expects further growth via brownfield and Greenfield expansions and acquisitions

Maharashtra gets India's first floating LNG storage and regasification unit

The LNG terminal is located at JSW Jaigarh Port in Ratnagiri district. The port is the first deep water, 24x7 operational private port in Maharashtra

Startup PumPumPum gets Rs 5.5 cr to expand used car leasing business

Company says it plans to expand to 15 cities in five years, lure millennials for clients.

ChrysCapital invests $50 mn for minority stake in WOW Skin Science India

Founded in 2014 by brothers Manish and Karan Chowdhary, WOW Skin Science is one of India's fastest growing new-age beauty and personal care brands

Deepak Kochhar's NuPower Renewables blames bank loan default on MSEDCL

The company dodged paying its principal amount and has held non-receipt of dues from Maharashtra State Electricity Distribution Company (MSEDCL) for the default

Lodha group's Rs 2,500 crore IPO subscribed 35% on penultimate day

Most of the bids so far have come from qualified institutional buyers (QIB)

Nucleus Software names Parag Bhise as CEO as R P Singh calls it a day

Bhise's appointment is effective April 1, 2021; Singh retires after 35 years with the company

Markets gain on RBI's accommodative stance, banking stocks lead rally

Sensex gains 0.94%; Bank Nifty rises 1.5%