Paytm | The National Payments Corporation of India (NPCI) on Thursday granted Paytm's parent One97 Communications Ltd a third-party application provider (TPAP) license under the multi-bank model. Axis Bank, HDFC Bank, State Bank of India and Yes Bank will act as the Payment System Provider.
IRB Infrastructure | The company on Thursday said Cintra, a subsidiary of Spanish construction giant Ferrovial, has agreed to acquire a 24% stake in IRB Infrastructure Trust, from GIC Affiliates. Ferrovial confirmed the development in a statement, adding that it will be acquiring the stake for $810 million (about ₹6,720 crore).
Navin Fluorine | Flurochemicals maker on Thursday said its board of directors has approved an additional investment of approximately ₹250 crore in Navin Fluorine Advanced Sciences, its wholly-owned subsidiary. This investment, based on the recommendation of the Audit Committee, will take the form of subscribing to non-cumulative, non-convertible, non-participating, redeemable preference shares.
Wipro | IT services company on Thursday (March 14) said it has been selected by Desjardins to transform its credit solutions for members and clients. This transformation programme will provide Desjardins members and clients with a convenient digital lending experience that is accessible anytime, anywhere, and on any device, according to a stock exchange filing.
Shakti Pumps | The company on Thursday said it has received a letter of award from Maharashtra Energy Department Agency (MEDA) for 3,500 Solar Photovoltaic Water Pumping Systems (SPWPS) at various locations across Maharashtra under Component‐B of PM‐KUSUM scheme. The total amount of the work order is around ₹93 crores (inclusive of GST).
IndiGrid | Infrastructure investment trust on Thursday said it has bagged a 180 MW/360 MW battery energy storage system project in Gujarat. The letter of intent (LoI) for the project has been awarded by Gujarat Urja Vikas Nigam Ltd (GUVNL). The contract includes the design, supply, test, install, commission, operate and maintain a 180 MW/360 MWh battery energy storage system (BESS) project in Gujarat.
ICICI Securities | Two proxy advisory firms, InGovern and SES, have supported the delisting of ICICI Securities (I-Sec) by issuing equity shares of parent ICICI Bank to the shareholders of the broking company. The ICICI Securities Board in June 2023 approved a proposal to delist the company and make it a wholly-owned subsidiary of the parent entity ICICI Bank.