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Paytm Share Price Jumps 6%; Mobikwik Gains 10% Amid Positive Regulatory Expectations
The rally comes a day after Paytm announced its entry into Indonesia through a strategic partnership with Flip (PT Fliptech Lentera Inspirasi Pertiwi) and its subsidiary PT Duta Teknologi Kreatif (DTK).
Possible to run Namo Bharat trains every three minutes if required: NCRTC
The Namo Bharat corridor is currently serving about one lakh passengers daily. Trains operate at ten-minute intervals, with potential for three-minute frequency. NCRTC has introduced eighteen additional trips during peak hours to meet demand. The corporation has gained expertise in developing and operating regional transit systems. Seamless integration with other transport modes enhances public transport accessibility and attractiveness.
NINtec Systems Ltd Slides 4.16%, BSE Information Technology index Shed 1.12%
NINtec Systems Ltd has added 20.73% over last one month compared to 4.84% fall in BSE Information Technology index and 3.6% rise in the SENSEX
MobiKwik CFO Taku calls for MDR on UPI transactions
Upasana Taku said that while the industry supports the government's financial inclusion goals, the absence of merchant discount rate means payment firms and banks continue to bear the cost of processing transactions without any revenue, even as large listed firms benefit from the zero-fee regime.
Apollo Micro Systems board approves ₹3,322 crore fund raise via various methods; Stock in focus
Apollo Micro Systems is likely to be one of the beneficiaries of the Defence Acquisition Council's ₹52,000 crore procurement plan for the Indian Army, Navy and Air Force.
Persistent Systems Ltd sees sustained gains
Persistent Systems Ltd is quoting at Rs 4694.2, up 0.25% on the day as on 12:44 IST on the NSE. The stock is down 19.63% in last one year as compared to a 3.99% drop in NIFTY and a 29.98% drop in the Nifty IT.
Tata Power to install solar, battery energy systems across one lakh households in Punjab over three years
Tata Power Solaroof has launched 'Ghar Ghar Solar' in Punjab, aiming to equip one lakh households with rooftop solar and battery systems over three years. This initiative, supported by accessible financing and community programs like 'Mera Gaon, Mera Solar', seeks to boost clean energy adoption. The campaign aligns with government subsidies, making solar power more affordable and promoting self-reliant energy solutions across the state.
IBM to set up one of India's first quantum computers in Amaravati by September 2026
Amaravati is set to become a major hub for quantum computing in India, with IBM announcing plans to install one of its advanced quantum systems there by September 2026. This move, driven by India's strong talent pool, aims to unlock significant commercial advantages across various sectors. The initiative aligns with Andhra Pradesh's vision to establish itself as a leading quantum technology center, fostering research and innovation.
Persistent Systems Ltd soars 5.31%, up for third straight session
Persistent Systems Ltd is quoting at Rs 4560, up 5.31% on the day as on 12:49 IST on the NSE. The stock is down 23.37% in last one year as compared to a 5.02% fall in NIFTY and a 30.7% fall in the Nifty IT index.
Goldman Sachs’ India bets: 8 stocks rally up to 85% in CY26; one new addition
Goldman Sachs’ India equity portfolio fell 6% in CY26 amid mixed stock performance. While 18 stocks declined sharply, eight delivered strong gains, led by GNG Electronics, TD Power Systems, and Inox India.
Sterling Bank selects Infosys Finacle SaaS platform for its transformation program
Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, and Sterling Bank of Asia (Sterling Bank), one of the most progressive banks in the Philippines, today announced the bank's decision to select Infosys Finacle Software-as-a Service (SaaS) platform for its transformation program. Sterling Bank has opted to leverage the Finacle Core Banking, Finacle Customer Data Hub, Finacle Trade Finance, and Finacle Origination solutions for its requirements. Through this strategic collaboration with Infosys Finacle, Sterling Bank expects to enhance the experience of both employees and customers, maintain high standards of availability and reliability in its banking services, and reduce operational complexity through automation and digitization, thereby supporting its future growth.
BofA Securities prefers this midcap IT stock but stays cautious on its peers
According to BofA, modernisation of legacy technology systems could become one of the earliest large-scale commercial applications of AI for IT services firms. The brokerage expects success in this segment to be driven by the effective deployment of AI-powered coding tools rather than traditional workforce management models.