Razorpay acquires BillMe to expand its omnichannel payment business
This marks Razorpay’s 8th acquisition since their inception. Founded in 2018, BillMe works on eliminating paper bills and substantially increasing value-add for merchants with digital invoicing.
Live: Magic Monday for Mkts | Byju’s to repay term loan? | India beats Pak by 228 runs | Newspresso
In today's edition of Newspresso, here's what you can look forward to. Nifty crossed 20k for the first time. The Sensex too added 528 points to close above the 67,000 level. And to news from the startup space. In a surprising move, Byju's, India's most-valued startup, has offered to repay the entire $1.2 billion term loan B. Moving on to the phenomenal India vs Pakistan match where India beat Pakistan by 228 runs! Watch this edition of Newspresso with Stacy Pereira only on Moneycontrol.
Fintech SaaS firm Perfios raises $229 million in series D funding from Kedaara Capital
Perfios is a B2B SaaS company serving the Banking, Financial Services and Insurance industry in about 18 countries.
Market Live: Nifty closes above 19,800; Sensex up 325 points |Bajar Gupshup
Among sectors, except pharma all other indices are trading in the green with capital goods, oil & gas, power and realty up 1.5-2 percent each. Mazagon Dock, HDFC Bank, Cochin Shipyard, Reliance Industries and Power Finance are among the most active shares on the NSE. Catch Sumit Mehrotra on Bajar Gupshup to know more!
Swiggy's ex-CTO Dale Vaz bags seed funding for wealthtech venture Aaritya Tech
Vaz resigned from Swiggy in April. His startup will be use the the investment towards product development and hiring
Live: Nifty tops 19,700 as bulls charge ahead; Ashok Leyland, Mazagon dock in focus| EMS IPO opens
Indian equity market continued its higher highs formation as well as upward journey for fifth consecutive session as the Nifty reclaimed the 19,700 mark. Experts say the index is likely to move towards 19,800-19,900 levels in coming sessions, provided it holds 19,650. The 19,700-19,500 is expected to be support zone. The BSE Sensex jumped 385 points to 66,266, while the Nifty50 rose 116 points to 19,727. The positive trend remained in broader markets for nine days in a row, with the Nifty Midcap 100 and Smallcap 100 indices rising 0.8 percent and half a percent respectively. This morning the cues from global markets are once again fairly subdued with Wall Street clocking a mixed close and Asian markets edging lower after Japan’s Q2 GDP data disappoints. However, GIFT Nifty is implying a mildly positive start for the Indian Market. Stocks in focus will be Ashok Leyland, Landmark Cars, Shemaroo Entertainment and Mazagon Dock. Meanwhile, EMS IPO kicks off for subscription today. Catch Nandita Khemka in conversation with Raja Venkatraman, Co-founder Neotrader and Trading Influencer and Prateek Pant, Chief Business Officer, WhiteOak Capital.
LIVE: NASDAQ down 4th day | Delhi in G20 lockdown mode | 1st UPI-ATM | Newspresso
The Nasdaq extends losses for fourth consecutive day sagging to 1.3% as Wall Street concerns over the interest rate policy deepens. Delhi is all-set for the G20 Summit as global delegates start to arrive. Several traffic restrictions will be in place. India's First Ever UPI-ATM was launched by Hitachi Payment Services in association with NPCI at Mumbai's Global Fintech Fest. Tune in with Stacy Pereira for your daily dose of Newspresso
Aurobindo Pharma’s Telangana plant classified as VAI by US FDA
The US FDA conducted an inspection at Aurobindo Pharma Limited, Bachupally Village, Telangana from July 14-21
Market Live: Nifty above 19,700, Sensex up 385 points |Bajar Gupshup
Benchmark indices ended higher for the fifth straight session on September 7 with Nifty above 19,700.
At close, the Sensex was up 385.04 points or 0.58 percent at 66,265.56, and the Nifty was up 116.00 points or 0.59 percent at 19,727. About 2140 shares advanced, 1420 shares declined, and 124 shares unchanged.Top gainers included Coal India, L&T, IndusInd Bank, SBI Life Insurance and Tech Mahindra, while losers were Tata Consumer Products, M&M, Britannia Industries, Sun Pharma and Infosys.
Among sectors, except FMCG and pharma, all other indices are trading in the green with bank, capital goods, PSU Bank, power and realty up 1-2 percent.The BSE midcap index gained 0.8 percent and smallcap index rose 0.4 percent.Catch Yatin Mota on Moneycontrol.
Groww Mutual Fund receives SEBI nod for launching its first index fund
Groww got the approval of the Competition Commission of India (CCI) in September 2021 to acquire Indiabulls Asset Management Company (AMC) and Indiabulls Trustee Company.
Live: Nifty Above 19600; What Next? TCS, Paytm In Focus| Shah Rukh Khan Starrer Jawan Hits Theatres
Indian equity market rebounded smartly in late trade and closed higher for yet another session with continuing higher highs formation on the Nifty50 for four days in a row. Experts say the index can possibly start marching towards 19,700-19,750 area in coming sessions, with immediate support at 19,500-19,400 levels. The BSE Sensex climbed 100 points to 65,881, while the Nifty50 rose 36 points to 19,611 amid volatility, staging a smart recovery in the last hour of trade. The broader markets saw consolidation after recent sharp upside, but closed higher with moderate gains, while the volatility continued to slide, with the India VIX declining by 1.27 percent from 10.82 to 10.68 levels. This morning the cues from global markets are pretty downbeat with Wall Street clocking overnight losses following stronger than expected US economic data. Asian markets too start the day on the back foot with GIFT Nifty hinting at a lower start. Stocks in focus will be Paytm, RIL and TCS among others. Meanwhile, The wait is finally over as Shah Rukh Khan-starrer Jawan hits the theatres. As per trade analysts, Jawan will get box office opening of Rs 100 cr, with Rs 40 cr coming from the overseas market and the remaining Rs 60 cr from the domestic market. Will it weave box office magic? Catch Nandita Khemka in conversation with Kunal Rambhia, Fund Manager for Technical and derivatives, The Streets.
Live: China’s trade data; RIL buys stake in Alia Bhatt’s company; Jawan release | Newspresso
In this brand new edition of Newspresso, these are the stories that you can look forward to. Amid geopolitical and trade tensions between China and the US. China has asked its officials at central government agencies not to use Apple's iPhones and other foreign-branded devices for work. While in India, Reliance Ventures Limited signed a joint venture to acquire a 51% stake in kid and maternity brand Ed-a-mama on September 6. And moving onto what is breaking the internet; will cricket be played at the Olympics? IOC is set to vote today, and it will be decided whether the sport will make it to the olympics. Watch this edition of Newspresso with Moneycontrol’s Stacy Pereira to get the latest news updates from across the globe.
Women emerging as driving force of India’s growth journey: PM Modi
In a wide-ranging interview, Prime Minister Modi also spoke about how different countries need to work together to combat inflation, the damage from freebies and fiscally irresponsible policies, how climate change is a shared reality for the world and much more.
Government is working on giving incentives to EV industry: PM Modi
This comes at a time when the Indian government is reportedly working on a new EV policy that would slash import taxes for companies that commit to some local manufacturing.
Viatris gets US FDA's tentative approval for pediatric formulation of HIV medicine
The medicine is indicated for the treatment of HIV-1 infection in pediatric patients aged at least 3 months weighing at least 6 kg to less than 25 kgs
Atomicwork raises $11 million in seed round led by Matrix Partners and Blume Ventures
The startup is founded in 2022 by the cofounder of SaaS firm Minjar, Vijay Rayapati along with former Freshworks founding team members Parsuram Vijayasankar and Kiran Darisi.
Pentathlon Ventures launches Rs 450 crore fund II, to invest in B2B SaaS startups
Within the SaaS ecosystem, Pentathlon Ventures plans to support solutions across Enterprise Digital Transformation, E-commerce Enablement, Fintech, Vertical SaaS, Applied AI, Sustainable Tech, and HealthTech.
LIVE: SEBI Chief Madhabi Puri Buch's address at Global Fintech Fest 2023
SEBI Chief Madhabi Puri Buch addresses the Global Fintech Fest, which is India's largest Fintech conference. The theme of GFF'23 is 'Global Collaboration for a Responsible Financial Ecosystem- Inclusive | Resilient | Sustainable'
BharatPe's chief business officer Nishant Jain quits
Nishant Jain joined BharatPe in May 2020 and was responsible for scaling up BharatPe’s merchant base to 10 million in that year.
Rattanindia Enterprises
RattanIndia Enterprises Limited has informed the Exchange regarding 'appointment of Chief Operating Officer of the Company'.
Rattanindia Enterprises
RattanIndia Enterprises Limited has informed the Exchange regarding Grant of 3000000 Options.
GFL
GFL Limited has informed the Exchange about Copy of Newspaper Publication.
Man Infraconstruction
Man Infraconstruction Limited has informed the Exchange about Credit Rating.
L&T Finance Holdings
L&T Finance Holdings Limited has informed the Exchange regarding 'Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.
