MUMBAI: In three companies – One97 Communications (Paytm), Aether Industries, and KFin Technologies – institutional shareholders and promoters are selling large chunks of their holdings to raise about Rs 3,900 crore, term sheets for the deals showed.In Paytm, Antfin (Netherlands) Holding, one of the early investors in the digital payments solutions pioneers in India, is…
MUMBAI: Motilal Oswal and Raamdeo Agrawal, founders of Motilal Oswal Financial Services, collectively bought shares worth $100 million in their personal capacities through a secondary transaction in Zepto, sources said. The transaction, which has shored up the IPO-bound startup‘s domestic shareholding to over 35%, values the company at a flat $5 billion. Oswal and Agrawal…
Image used for representative purposes NEW DELHI: Cyber security watchdog CERT-In on Monday issued a vulnerability advisory regarding certain versions of Apple’s iOS operating system and iPad operating system as they may allow malicious applications. “A vulnerability in Apple‘s iOS and iPad OS may allow certain malicious applications to cause affected devices to become unresponsive…
NEW DELHI: The US-China trade deal has increased the headache for Indian negotiators, who are once again headed to Washington DC to discuss the proposed bilateral trade deal.While signalling movement towards a deal between the world’s two largest trading nations, the 90-day truce, which will see them slash tariffs by 115 percentage points, opens the…
MUMBAI: A ceasefire between India and Pakistan lifted investor sentiment on Dalal Street on Monday, spurring the sensex and Nifty to their biggest single-day gain ever in terms of points. The day’s rally also made investors richer by Rs 16.2 lakh crore, marking the biggest one-day gain in market capitalisation.After an initial surge in the…
The ministry of railways sanctioned conducting the final location survey of a proposed new railway line in Sikkim. The planned route will connect Melli to Dentam via Jorethang and Legship, aiming to enhance rail connectivity within the state.The survey, approved at a cost of almost Rs 2.25 crore has been commissioned by railway minister Ashwini…
Tata Steel reported a more than two-fold increase in its consolidated net profit to Rs 1,200.88 crore for the March quarter, driven by higher volumes and reduced controllable costs, despite lower realisations.The company had posted a net profit of Rs 554.56 crore in the same period a year earlier, according to an exchange filing. However,…
President Donald Trump on Monday signed a sweeping executive order aimed at slashing prescription drug prices in the United States, giving pharmaceutical companies a 30-day deadline to cut costs or face action.“Starting today, the United States will no longer subsidise the healthcare of foreign countries… and we’ll no longer tolerate profiteering and price gouging from…
Capital expenditure (capex) at small private airports in India is expected to increase by 50–60 per cent annually over the next three years, driven by capacity expansion amid rising terminal utilisation levels, ratings agency Crisil said on Monday.In contrast, capex at large private airports is projected to decline over the same period, as most of…
State-owned Punjab National Bank (PNB) is aiming to expand its lending to the RAM segment—comprising Retail, Agriculture, and MSMEs—to 58 per cent of its total loan book in the current financial year, up from 56 per cent in FY25, according to Managing Director and CEO Ashok Chandra.The bank ended FY25 with RAM segment loans standing…
