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MintGenie, Nayar said that SoftPOS technology transforms regular smartphones or tablets into payment terminals, eliminating the need for separate hardware. Payment service providers are utilizing the Open Network for Digital Commerce (ONDC) to streamline customer experiences by integrating with its infrastructure. Through ONDC, providers can access a standardized platform, facilitating interoperability among various digital commerce players.

Adani Green Energy Ltd. and associated firms are offering the 18-year note at initial price guidance in the 7.125% area, according to a person familiar with the matter, who asked not to be identified because the matter isn’t public.

RK Swamy IPO: The initial public offering (IPO) of RK Swamy Limited is going to hit the Indian primary market today. The public issue will remain for subscribers till 6th March 2024. The integrated marketing communications company has fixed the RK Swamy IPO price band at ₹270 to ₹288 per equity share.

mutual funds. Here are the following: Coupon payments are associated with bonds. Bonds are a kind of debt instrument issued by the government, corporations and banks when they want to borrow money from investors to finance big projects.

Alexander Stubb has been sworn in as Finland’s new president

An official says that a bomb scare has shut down Zimbabwe’s Victoria Falls Airport that forced the country’s president to cancel a planned address at a conference on renewable energy

A New York bank is under severe pressure close to one year after absorbing a large chunk of another bank 30 miles away that had failed

Elon Musk is suing OpenAI and its CEO Sam Altman over what he says is a betrayal of the ChatGPT maker’s founding aims of benefiting humanity rather than pursuing profits

Prince Harry has scored a tactical victory in his battles with British tabloids

Sensex gained 60.80 points, or 0.08%, to close at 73,806.15, while the Nifty 50 settled 39.65 points, or 0.18%, higher at 22,378.40. “The Nifty is resuming its bullish momentum after a period of two months of consolidation. 22,500 is an immediate target level, while 22,750 is the next target level.

₹41.7 per standard cubic metre for its industrial piped natural gas (PNG) supplies to the Morbi cluster, effective 1 March. This move is expected to push up near-term volumes, especially considering that the Morbi region contributed to approximately 40% of Gujarat Gas' total sales volumes, which stood at 9.16 million standard cubic metres per day (mscmd) during the December quarter (Q3FY24). Notably, the majority of volumes in the Morbi region comprise industrial PNG.

Rahul Gandhi slams ‘BJP-BJD partnership’ in Odisha during Bharat Jodo Nyay Yatra As reported by ANI, Dhali alleged, “I like BJP, it is an independent party. BJD is not independent. The administration in BJD is not going well, nobody listens to anyone." Initially elected to the assembly from the Malkangiri constituency in 1992 in a by-election under the BJP banner, he secured re-election for two consecutive terms.

Donald Trump beats Nikki Haley in Michigan, Missouri Trump issued a statement shortly after Haley’s victory sarcastically congratulating her on being named “Queen of the Swamp by the lobbyists and DC insiders that want to protect the failed status quo." This is not the first time Republicans in the capital have rejected Trump. During the last competitive Republican nominating contest in the District of Columbia, in 2016, Trump received less than 14% of the vote and no delegates, even as he went on to win the nomination nationally.

Vedanta: Parent of Mumbai-based mining giant Vedanta Limited, Vedanta Resources has plans to reduce its debt by as much as $3 billion over the next three years, according to a senior official at an analyst meeting. The company has no plans to roll over its loans in the upcoming years. “Our priority is deleveraging.

Indian stock market today: Only 1 stock has been banned for trade on Monday, March 4, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The stock has been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stock will be available for trading in the cash market.

market is poised to maintain its positive momentum, with large-cap stocks expected to outperform the broader market. This trend is indicated by the Nifty vs Nifty 500 ratio reaching its lowest point. Analysts anticipate Nifty to climb towards 22,800, provided it remains above 22,300. Some of the recommended stocks include Reliance Industries, Axis Bank, ICICI Bank, SBI, Infosys, Hindalco, Jindal Steel, BEL, Tata Steel, M&M, and BHEL. DHARMESH SHAH HEAD TECHNICALS, ICICI SECURITIES

Stock Exchange has catapulted it to becoming the best- performing listed bourse in the world in the past year. Continued surge in trading volumes and signs of its equity derivatives segment picking up have driven shares of Asia's oldest stock exchange by over 400% from the same period a year ago. BSE shares, which are listed on the National Stock Exchange, closed at ₹2352.45 on Saturday. The stock hit an all-time high of ₹2,598.95 on February 5. BSE shares' 430% gains in the past year far exceeds the 35% upmove in US-based Intercontinental Exchange (ICE), the second-best performer in the pack

By Moira Warburton

GMR Highways has raised ₹700 crore debt from foreign portfolio investors Zeal Global Opportunities Fund and Nova Global Opportunities Fund to prepay loans raised from Yes Bank, said two people with knowledge of the matter. Both invested ₹350 crore each in secured, unlisted and unrated bonds of GMR Highways maturing on February 20, 2028. The bonds have been issued at 14% per annum for 48 months. The company has pledged 100% of its equity shares, and the parent company, GMR Power & Urban Infra, has provided a corporate guarantee.

ARCIL) has bought nearly ₹400 crore worth of bad loans or non-performing assets (NPAs) of Saraswat Bank with a haircut of nearly 86%. Saraswat Bank, one of the largest cooperative banks in the country, sold the NPA portfolio comprising retail and micro, small and medium enterprises (MSME) loans as a clean-up for future growth capital. The bank has concluded the sale of the NPA portfolio it had announced in the previous quarter. Initially planning to sell assets amounting to ₹410 crore, Saraswat Bank later reduced the pool to ₹385 crore, seeking bids on a 100% upfront cash basis as it wanted to clean up its loan book for future growth. BOB Capital Markets was the process advisor.

IFFCO has moved the NCLT against Swan Energy Ltd (SEL) and their joint venture Triumph Offshore to restrain their JV firm from passing any resolution without its approval and issuing any share/security to the lenders against loans. Seeking an injunction against any such proposal, IFFCO, in its petition filed before the Ahmedabad bench of the NCLT, alleged that Triumph Offshore is pre-paying the debt, which may result in dilution of its shareholding in the joint venture firm and is detrimental to its interest. IFFCO has moved the NCLT under sections 241 and 242 of the Companies Act 2013, alleging oppression and mismanagement. It has prayed to restrain Swan Energy and Triumph Offshore «from passing any board resolution without the prior written approval of petitioner (IFFCO), with reference to the substitution of the bank term loan with promoters loan or from issuing any shares/security or any instrument convertible into equity in favour of R2 (SEL) or any third party, which may result into diluting shareholder of the petitioner».