Market News
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Paytm's European arm secures payment institution licence in Luxembourg
Paytm's European arm, Paytm Europe Payments, has secured a crucial payment institution license from Luxembourg's financial regulator, effective July 2, 2026. This approval allows the company to offer a range of payment services, including fund transfers and credit line-backed transactions. The move follows a significant investment by its parent company, One 97 Communications, to bolster the European entity's capital and support its business expansion.
SIP Calculator: Your Rs 5,000 Monthly Investment Turns Into THIS Over 5, 10 And 20 Years
In SIP, one puts in a fixed amount regularly, instead of investing a lump sum.
From being a trust to gaining trust: AIFs call for switch to LLP model
India's private equity and venture capital sector is pushing for a crucial structural change to attract more foreign investment. The industry advocates for converting Alternative Investment Funds (AIFs) from trusts to Limited Liability Partnerships (LLPs), a globally recognized and preferred structure. This move aims to provide greater clarity on liability for foreign managers and investors, aligning India with international fund hubs.
Microsoft Doubles AI Bet With 6,000 Dedicated Staff, $2.5 Billion Investment In New Arm
Microsoft has invested tens of billions of dollars in constructing data centres that use generative AI models.
Mehli Mistry Resigns As Director From RNT Associates
Late Ratan Tata had set up RNT Associates as a principal investment vehicle for investments made in his personal capacity and funded many startups.
India, UAE groups ink pact for $11.5 billion Indian aluminium project
India's Adani Group and Abu Dhabi's International Holding Company are looking to invest $11.5 billion in a massive aluminum project in the eastern state of Odisha, the Indian conglomerate said on Thursday. The two parties signed a memorandum of understanding with the Odisha state government, Adani said in a statement, with the proposed investment set to be India's "largest foreign direct investment in the metallurgy sector".
Big investor looks to sell 2.6% stake in Policybazaar parent PB Fintech
A Temasek-owned investment arm is set to sell a 2.6% stake in PB Fintech, the parent of Policybazaar and Paisabazaar, through a block deal worth about ₹1,908 crore. The shares are being offered at a 4.6% discount to the previous closing price, with details of the buyers expected later through exchange filings.
India Can Surpass 10-Trillion Yen Japanese Investment Target In A Decade: PM Modi
File image of Prime Minister Narendra Modi
JioBlackRock plans full MF bouquet in 3 yrs, more SIFs, ETFs, GIFT products
Rishi Kohli, chief investment officer at Jio BlackRock AMC, said the company intends to introduce at least one more SIF in the equity long-short category within the next year
Indian public relations industry pegged to reach Rs 4,500 cr by 2030: Report
India's public relations sector is poised for significant growth, projected to hit Rs 4,500 crore by 2030. While the overall growth rate is moderating, indicating industry maturity, key sectors like startups, education, government, and FMCG are showing robust gains. Notably, government and startup client shares have surged dramatically, reshaping the industry's landscape. AI investment is also on the rise, though strategies vary across firms.
Expert view: Broader market to remain range-bound in medium term, says SKG Investment's Director - livemint.com
Expert view: Broader market to remain range-bound in medium term, says SKG Investment's Directorlivemint.com
PM Modi, Japan PM Takaichi jointly inaugurate Maruti Suzuki's Kharkhoda plant
Prime Minister Modi and his Japanese counterpart inaugurated Maruti Suzuki's expansive new manufacturing facility in Haryana, a significant investment bolstering India's automotive sector. This advanced plant, built with Industry 5.0 technologies and a focus on sustainability, marks a key step in the 'Make in India, Make for the World' initiative. The inauguration occurred during the India-Japan Economic Forum, highlighting deepening bilateral cooperation.