Digital payment and financial services firm Paytm plans to enable FASTag-based parking services across the country, after launching its first with the Delhi Metro Rail Corporation (DMRC). Paytm Payments Bank Ltd (PPBL) on Monday said it has enabled the country’s first FASTag-based metro parking facility in partnership with the Delhi Metro Rail Corporation (DMRC). “This … Read more
As at June 30, 2021, ICICI Bank held 51.87% of the equity stake in ICICI Lombard – the general insurance business. On September 3, 2021, ICICI Lombard informed the exchanges about receipt of approval from Insurance Regulatory and Development Authority of India (IRDAI) for ICICI Bank to reduce the stake in Lombard to 30%. The … Read more
Kotak Mahindra Bank (KMB) is one of the under performer in the current bull market. The stock is at similar levels as it was in December 2019 compared with nifty that has increased by >40% during this period. However, it seems that KMB is now trying to make a move. Checkout the chart below. On … Read more
March 3, 2021 – Nitin Gupta, Chief Auditor Officer resigns and eventually moves to Equitas Small Finance Bank July 14, 2021 – Alok Gupta, Chief Risk Officer resigns. Disclosed by the Company only on August 29, 2021 supposedly after their inability to try retain him back August 31, 2021 – Sumit Dhir, Head Internal Audit … Read more
Amsterdam-listed Prosus, which is majority owned by South African holding company Naspers Ltd., said its payments and fintech subsidiary PayU will pay 345 billion rupees, equivalent to $4.72 billion, for BillDesk in an all-cash deal. Prosus shares rose 5% Tuesday following the announcement. The acquisition will bring Prosus’s cumulative investment in Indian tech to more … Read more
This is for all the investors who love following the share picks of the veterans. As per the shareholding pattern filed on August 24 by Canara Bank, the Big Bull picked up a 1.59% stake in the bank that is currently valued at Rs 402 crore. The current market price for ready reference is Rs … Read more