Digital payments firm Pine Labs has become the first payment aggregator in India to obtain all three key payment licences from the Reserve Bank of India (RBI), covering offline, online, and cross-border payment processing. The development marks a major regulatory milestone for the company, according to a report…
Digital payments firm Pine Labs has become the first payment aggregator in India to obtain all three key payment licences from the Reserve Bank of India (RBI), covering offline, online, and cross-border payment processing. The development marks a major regulatory milestone for the company, according to a report…
The Reserve Bank of India (RBI) has announced that municipal debt securities will now be treated as eligible collateral in repo transactions, according to its latest master circular. The move enables banks and financial institutions to borrow or lend funds using municipal bonds as security, marking a key…
Globus Spirits Limited has reported a sharp surge in profitability for the quarter ended September 30, 2025, with profit after tax (PAT) rising 1399% year-on-year to ₹23.3 crore. The growth was driven by premiumisation in its consumer segment, improved operational efficiencies, and stronger EBITDA margins across business verticals.…
Federal Card Services (FCS), a US-based card manufacturing company, has announced plans to enter the Indian market with an investment of $250 million. The company will establish its first Asian production facility in Pune, Maharashtra, marking a significant milestone in its global expansion. Facility and Operations The upcoming…
Premier Explosives Limited (PEL) has announced that it has received an export order worth ₹16.40 crore for the supply of commercial explosives. The disclosure was made to the exchanges on November 11, 2025, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Order Details…
Reliance Infrastructure Limited (R-Infra) reported a 50% year-on-year decline in consolidated net profit to ₹1,911.19 crore for the quarter ended September 30, 2025, compared to ₹4,082.53 crore in the same period last year. The decline was primarily attributed to lower total income and reduced project activity. Revenue and…
Orient Technologies Limited has announced a 1:10 bonus issue, granting shareholders one equity share of ₹10 each for every ten fully paid-up shares held. The bonus shares will be issued from the company’s securities premium account, which stood at ₹115.18 crore as of March 31, 2025. A total…
The Competition Commission of India (CCI) has approved Lence Pte Ltd’s proposal to acquire between 11% and 20% shareholding in AWL Agri Business Limited, a move that will further strengthen the Singapore-based investor’s position in the Indian agri and food processing sector. Transaction Overview Lence Pte Ltd, a…
The India Deep Tech Alliance (IDTA), a $1 billion consortium of venture capital funds and global technology companies, has announced plans to invest between $10 million and $15 million in emerging deep technology startups across India. Boosting India’s Deeptech Ecosystem Launched at Semicon India 2025, the IDTA aims…