Paytm Share Price Jumps Over 2% as GHMC Deploys 400 Card Machines for Property Tax Collection

Paytm’s share price saw a notable rise of over 2% as of 12:35 PM following the announcement of its strategic partnership with the Greater Hyderabad Municipal Corporation (GHMC). The collaboration aims to digitise and streamline the city’s property tax collection system by deploying more than 400 Paytm All-in-One card machines.

Simplifying Property Tax Payments for Hyderabad Residents

Under this partnership, Paytm has equipped various collection centres and door-to-door collection agents with its advanced card machines. These devices allow residents to pay their property taxes using credit cards, debit cards, and QR codes—eliminating the need for physical cash, cheques, or demand drafts.

Moreover, these devices are fully integrated with the GHMC’s official app, allowing municipal officials to instantly check dues, collect payments, and issue confirmation slips on the spot. This digitised solution promises faster, error-free, and more transparent transactions.

Boosting Efficiency and Transparency in Collections

GHMC reportedly collects between ₹5–7 crore in property tax on a monthly basis, with this figure peaking at around ₹22 crore during mid-year and fiscal-end periods. By adopting Paytm’s digital payment infrastructure, the municipal body hopes to reduce payment delays, eliminate manual errors, and offer Hyderabad residents a seamless, tech-enabled experience.

Statements from Paytm and GHMC

A Paytm spokesperson shared, “Our partnership with GHMC is focused on making property tax payments simpler and more efficient. With our card machines and QR-based payment solutions, we’re providing citizens with a reliable and convenient way to transact.”

The GHMC also echoed this sentiment, stating that the integration of Paytm’s solutions aligns with its goal of driving digital transformation in civic services and offering a hassle-free experience for the public.

Innovation Beyond Tax Collection

The press release also highlights how Paytm continues to innovate across its digital payments ecosystem. Recent features include downloadable UPI statements, UPI Trading Blocks for stock trades without pre-funding, and a QR widget for receiving money instantly. Paytm users can also check UPI-linked bank account balances within the app.

Additionally, Paytm’s international expansion has enabled UPI payments in countries like the UAE, Singapore, France, Mauritius, Sri Lanka, Bhutan, and Nepal.

Conclusion

The rise in Paytm’s share price by over 2% reflects investor optimism around its expanding role in digitising public services. While the partnership with GHMC is a step towards smarter urban governance, it also strengthens Paytm’s positioning as a key enabler of India’s digital payments ecosystem.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Shriram Pistons and Rings Acquires 100% Stake in Karna Intertech to Strengthen Manufacturing

Shriram Pistons & Rings Limited (SPRL) has completed the acquisition of Karna Intertech Private Limited by purchasing 100% of its shares. The acquisition process was completed on April 1, 2025. With this transaction, Karna has now become a fully owned subsidiary of SPRL. It acquired Karna through a cash transaction worth ₹50 million. 

Details of Karna Intertech Private Limited

Karna Intertech Private Limited specialises in manufacturing die-casting moulds. The company was founded on December 11, 1981, and operates from an advanced facility in Bahadurgarh, Haryana, equipped with modern CNC machines and CAD/CAM technology. The company’s revenue has steadily grown over the past 3years, reaching ₹49.98 million in the financial year 2023-24.

Purpose and Benefits of the Acquisition

Karna has been a key supplier to SPRL, providing essential die-casting moulds used in piston manufacturing. Since these moulds are based on confidential designs provided by SPRL, acquiring Karna ensures better control over production quality and intellectual property. This acquisition will help SPRL enhance operational efficiency and support future business expansion.

Share Performance 

As of April 02, 2025, at 10:20 AM, with a market capitalisation of ₹83.11 billion, Shriram Pistons & Rings share price is trading at ₹1,889.00 per share, reflecting a surge of 2.22% from the previous day’s closing price. Over the past month, the stock has registered a profit of 7.01%. The stock’s 52-week high stands at ₹2,399.00 per share, while its low is ₹1,665.05 per share.

Conclusion

The acquisition of Karna Intertech marks a significant step for SPRL in securing a reliable supply of high-quality die-casting moulds. This strategic decision not only enhances production efficiency but also ensures better control over key manufacturing processes. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Tata Steel Acquires 16.66% Stake in Indian Foundation for Quality Management

Tata Steel Limited has reinforced its commitment to quality management by increasing its stake in the Indian Foundation for Quality Management (IFQM). This move aligns with the company’s broader vision of supporting industry-wide quality enhancement initiatives. The acquisition reflects Tata Steel’s strategic approach to fostering management excellence in Indian organisations.

Strengthening Investment in IFQM

On April 1, 2025, Tata Steel Limited increased its equity stake in IFQM by acquiring 1,24,90,000 equity shares valued at ₹12.49 crore. This acquisition raised Tata Steel’s shareholding in IFQM from 9.09% to 16.66%. The investment aligns with Tata Steel’s commitment to enhancing quality management initiatives across industries.

The acquisition follows Tata Steel’s earlier disclosure on June 25, 2024, regarding its interest in IFQM. The transaction was executed as a cash purchase, ensuring a seamless investment process. IFQM, incorporated as a Section 8 company under the Companies Act, 2013, focuses on promoting quality principles and management practices across Indian industries.

Strategic Importance and Regulatory Compliance

IFQM was established to encourage Indian organisations to adopt superior quality management frameworks. Despite not generating revenue in its initial year, IFQM maintains a strong net worth of ₹59.67 crore as of March 31, 2024. Tata Steel’s decision to increase its stake demonstrates its strategic interest in supporting the foundation’s objectives.

The transaction qualifies as a related-party transaction since Tata Steel’s Chairman, Natarajan Chandrasekaran, is a board member of IFQM. However, it was executed at arm’s length and adheres to the Securities and Exchange Board of India’s (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. The regulatory transparency ensures Tata Steel’s compliance with corporate governance norms while reinforcing its investment in industry-wide quality enhancement.

Tata Steel Share Performance 

As of April 02 2025, at 10:00 AM, the Tata Steel share price was trading at ₹152.79 per share, reflecting a decline of 0.22% from its previous closing price. Over the past month, it has surged by 10.26%.

Conclusion

Tata Steel’s increased stake in IFQM underscores its commitment to promoting quality management in India. The investment enhances the company’s influence in the foundation while supporting its long-term vision for industry-wide quality improvements. With a growing shareholding in IFQM, Tata Steel continues to strengthen its role in fostering high standards of management practices.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

SEBI Extends NSDL’s ₹3,000 Crore IPO Launch Deadline till July 31

The Securities and Exchange Board of India (SEBI) has granted an extension to the National Securities Depository Ltd (NSDL) to launch its highly anticipated initial public offering (IPO) by the end of July 2025. The extension follows the original deadline set for this month, ensuring the successful rollout of one of the most awaited IPOs of the year.

Key Details of the NSDL IPO

NSDL’s ₹3,000 crore IPO is structured entirely as an Offer for Sale (OFS), involving the sale of 5.72 crore shares by 6 existing shareholders. Among them, major stakeholders such as the National Stock Exchange (NSE), IDBI Bank, HDFC Bank, Union Bank of India, State Bank of India, Government of India, through the SUUTI plan, to diluting their holdings. Currently, NSE holds a 24% stake in NSDL.

The company had filed its draft prospectus with SEBI in 2023 and received approval earlier this year.

NSDL’s shareholding as of January 31, 2025, comprises IDBI Bank (26.10%), NSE (24%), HDFC Bank (7.95%), SUUTI (6.83%), SBI (5%), and Union Bank of India (2.81%).

Following the IPO, NSDL’s shares will be listed on the Bombay Stock Exchange (BSE), with a portion of equity shares reserved for eligible employees. This offering is expected to generate significant interest from investors, given NSDL’s dominant position in India’s financial ecosystem.

NSDL’s Market Position and Services

As one of the largest central securities depositories globally, NSDL plays a pivotal role in India’s capital markets. It provides comprehensive services to investors, stockbrokers, custodians, and issuer companies. Its core offerings include opening and maintaining demat accounts, dematerialisation of securities, share transfers, and managing non-cash corporate benefits.

As of February 2025, NSDL manages over 3.91 crore active client accounts and holds an impressive market share of over 80% in terms of the total value of dematerialised assets in India. The company’s robust infrastructure supports advanced settlement cycles like T+1, contributing to enhanced market efficiency.

Conclusion

With SEBI’s extension, NSDL now has additional time to launch its much-awaited IPO, expected to attract strong investor interest. Given its dominant market presence and critical role in India’s financial landscape, the IPO is poised to be a landmark event in the country’s capital markets.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Zaggle Prepaid Ocean Services Signs Agreement with Truecaller International

In a significant business move, Zaggle Prepaid Ocean Services Limited (Zaggle) has entered into an agreement with Truecaller International LLP. This collaboration aims to enhance employee expense management and benefits through Zaggle Save, a specialised service tailored for corporate financial solutions.

The partnership is expected to streamline expense management for employees, reinforcing Zaggle’s position in the fintech space.

Details of the Agreement

Under the terms of the agreement, Zaggle will provide its expense management and benefits solution, Zaggle Save, to Truecaller International LLP. The agreement is structured as a Master Services Agreement and will be effective for a duration of 1 year.

This deal underscores Zaggle’s continued commitment to delivering efficient financial solutions to businesses operating in India.

The contract is a domestic engagement, confirming that the collaboration remains within the Indian business ecosystem. Additionally, the agreement does not involve any related party transactions or promoter interests, ensuring transparency and compliance with SEBI regulations.

Impact on Financial Technology and Corporate Solutions

The partnership between Zaggle and Truecaller International LLP is a testament to the growing importance of digital financial management in corporate settings.

Zaggle Save aims to simplify expense tracking, reimbursement processes, and employee benefits management, thereby increasing financial efficiency for organisations.

As financial technology continues to evolve, such collaborations play a crucial role in offering businesses automated and user-friendly solutions. This agreement could set a precedent for similar partnerships in the industry, encouraging companies to adopt digital financial management tools for enhanced productivity and compliance.

Conclusion

Zaggle’s partnership with Truecaller International LLP marks a strategic step towards revolutionising corporate financial management. By providing an advanced expense management solution, the agreement is expected to bring operational efficiency and ease of financial transactions for Truecaller employees. With a one-year commitment in place, this collaboration could pave the way for further fintech advancements in the corporate sector.

Zaggle Prepaid Ocean Services Share Performance 

As of April 02 2025, at 10:30 AM, Zaggle Prepaid Ocean Services share price was trading at ₹359.00, reflecting a surge of 1.40% from its previous closing price. Over the past month, it has surged by 3.43%.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

SJVN Arm Achieves Trial Run Completion for 241.77 MW Bikaner Solar Project Phase I

SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of SJVN Ltd, has completed the trial run of 241.77 megawatts (MW) capacity in Phase I of the Bikaner Solar Power Project. The trial run was concluded on March 31, 2025.

Commercial Operations to Begin on April 2

The 241.77 MW capacity is now operational and is scheduled to begin commercial operations on April 2, 2025. This is part of the larger 1,000 MW solar project being developed in Bikaner, Rajasthan.

The complete 1,000 MW capacity is expected to be commissioned by September 30, 2025, as per the filing. Once commissioned, SGEL will supply solar power to Rajasthan, Jammu & Kashmir, and Uttarakhand.

Recent Developments

In March 2025, SJVN signed a memorandum of understanding with the Chhattisgarh government to develop a 1,800 MW pumped storage project at Kotpali. The investment for the project is estimated at ₹9,500 crore.

The Bikaner Solar Power Project also contributes to India’s national goal of achieving 500 GW of non-fossil fuel capacity by 2030. As per the filing, it is also aligned with SJVN’s internal targets of reaching 25,000 MW by 2030 and 50,000 MW by 2040.

Stock Performance

As of 9:45 AM on April 2, 2025, SJVN share price was trading at ₹91.45. The stock has declined 27.2% over the past 12 months and is down 12.57% year-to-date.

Conclusion

With the trial run complete and commercial operations beginning soon, SGEL is on track to meet the September 2025 deadline for full project commissioning under its 1,000 MW solar initiative.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Jain Resource Recycling Files DRHP to Raise ₹2,000 Crore Via IPO

Jain Resource Recycling Ltd. has filed its Draft Red Herring Prospectus (DRHP) with SEBI to raise up to ₹2,000 crore through an Initial Public Offering (IPO). The IPO will consist of a fresh issue of ₹500 crore and an Offer for Sale (OFS) of ₹1,500 crore from existing shareholders. The face value of each share is ₹2, with 10% reserved for retail investors.

Kamlesh Jain, the company’s promoter, will offer ₹1,430 crore worth of shares, while Mayank Pareek will sell shares worth ₹70 crore.

Use of IPO Proceeds

The funds raised from the fresh issue will be primarily used to repay or prepay some of the company’s borrowings. Any remaining proceeds will be used for general corporate purposes, including strengthening operational capabilities and supporting growth initiatives.

IPO Management 

The IPO will be managed by DAM Capital Advisors, ICICI Securities, Motilal Oswal Investment Advisors, and PL Capital Markets. KFin Technologies will act as the registrar. The company has a clientele that includes names such as Vedanta, Mitsubishi Corporation, and Nissan Trading Company.

Business and Products

Jain Resource Recycling is into recycling non-ferrous metal scrap, producing products like lead and lead alloy ingots, copper and copper ingots, aluminum and aluminum alloys, and refined gold. The company has a plan to expand its operations, particularly in gold refining, and diversify into heavy minerals.

Financial Overview

For the financial year 2023-24, Jain Resource Recycling reported a revenue of ₹4,485 crore and a profit after tax (PAT) of ₹163.8 crore. In FY23, the company earned ₹3,107 crore in revenue, with a PAT of ₹91.8 crore. For the six months ending September 30, 2024, Jain Resource Recycling achieved ₹2,909 crore in revenue and ₹112.2 crore in PAT. As of September 2024, the company’s net worth was ₹481.8 crore, with total borrowings amounting to ₹969.7 crore.

Conclusion

The Jain Resource Recycling IPO presents an opportunity to tap into the non-ferrous metal recycling sector, with the company focusing on debt reduction and expansion plans.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Glenmark Pharma US Unit Introduces Generic Vancomycin Injection in the US Market

Glenmark Pharmaceuticals Inc., the U.S. subsidiary of Glenmark Pharmaceuticals Ltd., has announced the launch of Vancomycin Hydrochloride for Injection USP. The drug is being introduced in three single-dose vial strengths: 750 mg, 1.25 g, and 1.5 g single-dose vials. It is intended for intravenous administration and is used in the treatment of systemic bacterial infections.

As of 10:49 AM on April 2, 2025, Glenmark Pharmaceuticals share price is trading at ₹1526.10, a 1.12% increase for the day, up 14.61% over the past month, but down 8.47% over the past six months.

Bioequivalence and Reference Drug

The launched version is bioequivalent and therapeutically equivalent to the reference listed drug (RLD) Vancomycin Hydrochloride for Injection USP, 750 mg/vial, 1.25 g/vial, and 1.5 g/vial, developed by Mylan Laboratories Limited under NDA 209481. Glenmark’s product is approved only for the indications listed on its approved label.

Sales Data

According to data mentioned in reports, for the 12-month period ending January 2025, the total market for Vancomycin Hydrochloride for Injection (across the three strengths and all available therapeutic equivalents) recorded sales of approximately $39.3 million, or ₹336.47 crore​.

Availability in the US Market

The product will be marketed across the United States and is now part of Glenmark’s institutional portfolio. It is manufactured in compliance with U.S. FDA regulations and is available for use in hospital and clinical settings.

Marc Kikuchi, President & Business Head, North America, said, “We are excited to announce the launch of Vancomycin Hydrochloride for Injection USP, 750 mg/vial, 1.25 g/vial and 1.5 g/vial (Single-dose vial), adding another quality product to our institutional portfolio.”

Company Overview

Glenmark Pharmaceuticals Ltd is a research-led pharmaceutical company headquartered in Mumbai, India. The company operates across branded, generics, and over-the-counter (OTC) segments, with a presence in more than 80 countries. Glenmark runs 11 manufacturing facilities across four continents. 

Conclusion

The launch of Vancomycin Hydrochloride for Injection by Glenmark Pharmaceuticals Inc., USA expands the availability of generic alternatives within the U.S. institutional market. By introducing therapeutically equivalent dosage forms to an established product, the company enters a segment with existing demand and measurable annual sales.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

HDFC Mutual Fund Files Draft for CRISIL-IBX Financial Services 3-6 Months Debt Index Fund

HDFC Mutual Fund has filed a draft Scheme Information Document (SID) for a new debt-oriented index fund: the HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund. This is an open-ended index fund that will track the CRISIL-IBX Financial Services 3-6 Months Debt Index, focusing on short-term debt instruments in the financial services sector.

Features

    • Fund Category: Index Fund (Debt)
    • Type: Open-ended
    • NAV Disclosure: Daily, updated by 11:00 PM
    • Exit Load: None
    • Minimum Investment: ₹100 and any amount thereafter
    • Plans Available: Regular and Direct, with Growth Option only
    • Benchmark Risk-o-Meter: Low interest rate risk and low credit risk
    • Fund Manager: Anupam Joshi
    • NFO: ₹10 Per Unit (This is the price per unit that the investors have to pay to invest during the NFO).

Fund Objective and Benchmark

The fund aims to generate returns that are in line with the performance of its benchmark index, before expenses. The CRISIL-IBX Financial Services 3-6 Months Debt Index serves as the benchmark. It consists of debt instruments issued by entities in the financial sector, with residual maturities between three to six months.

Asset Allocation

The scheme will allocate:

  • 95% to 100% in securities forming part of the underlying index
  • Up to 5% in money market instruments or units of debt mutual fund schemes for liquidity purposes

No investments will be made in derivatives, overseas securities, structured obligations, or securities with special features like credit enhancements or subordination.

Portfolio Strategy

The fund will follow a passive approach, attempting to replicate the benchmark index. It must rebalance the portfolio within 7 calendar days in case of index changes or credit downgrades. The annualised tracking difference is targeted to stay within 1.25% of the benchmark.

Conclusion

This is a new scheme, and therefore, does not have any historical performance record. Further details will be available once the New Fund Offer (NFO) dates are announced.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.

RBI Announces Fresh Open Market Operations of ₹80,000 Crore to Boost Liquidity

The Reserve Bank of India (RBI) has announced fresh purchase auctions of government securities under its open market operations (OMO) to further stabilise liquidity in the banking system. The central bank will conduct these auctions in multiple phases, ensuring a systematic infusion of funds to support economic stability.

Scheduled OMO Auctions for April

The RBI will conduct fresh government securities purchase auctions amounting to ₹80,000 crore. These will take place in four tranches of ₹20,000 crore each on April 3, April 8, April 22, and April 29. The central bank has emphasised that it will continue monitoring liquidity and market conditions to ensure an orderly financial environment.

This move follows similar liquidity injections in March when the RBI conducted OMO purchases worth ₹1 lakh crore in two tranches of ₹50,000 crore each. Additionally, the central bank executed a dollar-rupee buy/sell swap auction of $10 billion for 36 months to further manage liquidity.

Banking Liquidity and Future Projections

FY25 concluded with a banking liquidity surplus of ₹894 billion, marking a significant shift from the previous week’s deficit of ₹2.4 trillion, with an average deficit of ₹1.3 trillion. This improvement is attributed to a substantial RBI liquidity infusion of ₹3.2 trillion, alongside increased government spending and recent foreign portfolio investment (FPI) inflows.

Looking ahead, Q1FY26 is projected to maintain ample liquidity, driven by an estimated ₹2.8-3 trillion RBI dividend by the end of May. The surplus is expected due to massive profits generated from foreign exchange (FX) gross sales, estimated between $360-375 billion, while the budgeted RBI surplus stands at ₹2.2 trillion.

Conclusion

The RBI’s latest move to conduct fresh OMO auctions aligns with its broader strategy to manage liquidity efficiently and support economic stability. With favourable conditions projected for Q1FY26, market participants will closely watch the central bank’s stance in its upcoming policy meeting.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.