Author: Varta24 Business

Shares of digital payments companies One Mobikwik Systems and One 97 Communications, the parent company of Paytm, remained in focus during Wednesday’s trading session after the National Payments Corporation of India (NPCI) announced a new merchant discount rate (MDR) framework for select UPI transactions. As of 10:26 am on Wednesday, One Mobikwik Systems was trading 1.19% lower at ₹198.46, while One 97 Communications was 0.42% higher at ₹1,737.20. Both stocks had witnessed sharp gains in early trade before giving up a significant portion of their advances. MobiKwik, Paytm Pare Early Gains One Mobikwik Systems had gained as much as 4.71%…

The Union Cabinet is likely to consider a proposal on Wednesday to raise the wage ceiling for mandatory coverage under the Employees’ Provident Fund (EPF) and Employees’ Pension Scheme (EPS) to ₹25,000 from the existing ₹15,000, according to people familiar with the matter. The proposed increase would raise the salary threshold used to determine which employees must be covered under the EPF and EPS frameworks. Existing ₹15,000 Ceiling Unchanged Since 2014 The current wage ceiling of ₹15,000 per month has remained unchanged since September 1, 2014. This threshold determines the salary level up to which employees are mandatorily covered under…

Pilgrims travelling from Delhi-NCR to Uttarakhand’s Char Dham region may soon have a faster and more convenient travel option, with two major rail projects expected to improve connectivity to the Himalayan state. According to an NDTV report, the proposed Meerut-Rishikesh Namo Bharat corridor, along with the under-construction Rishikesh-Karnaprayag railway line, could reduce travel time for visitors heading towards pilgrimage centres such as Kedarnath and Badrinath. The projects are expected to provide a major boost to pilgrimage tourism and improve transport connectivity between the National Capital Region and Uttarakhand’s Garhwal region. Rishikesh-Karnaprayag Railway Project Reaches 75% Completion The Rishikesh-Karnaprayag railway project…

Shares of Billionbrains Garage Ventures, the parent company of the Groww investment platform, came under pressure on Wednesday, September 16, declining nearly 4% on the BSE following a sizeable block deal. Approximately 10.07 crore shares, representing around 1.6% of the company’s outstanding equity, were reportedly traded through the transaction. The development came amid reports that Peak XV Partners Investments VI-1 and Sequoia Capital Global Growth Fund III – US/India Annex Fund, L.P. were looking to sell part of their holdings. Groww Block Deal Reportedly Valued at ₹1,918 Crore According to media reports, the shares were offered at a floor price…

The US Senate has failed to advance the Clarity Act, a comprehensive cryptocurrency bill backed by President Donald Trump, adding fresh uncertainty to the regulatory outlook for digital assets. According to a Reuters report cited in the source material, the procedural vote failed 49-50 on Tuesday, falling short of the 60 votes required to move the legislation forward. Four Republican senators—Jerry Moran, Susan Collins, Josh Hawley and Thom Tillis—joined Democrats in voting against the measure. Clarity Act Put on Hold After Senate Vote The bill’s failure effectively puts the legislation on hold as Congress prepares to leave Washington this month…

Petrol and diesel prices across major metropolitan cities in India remained unchanged on Wednesday, September 16, 2026. State-run oil marketing companies continued with the existing retail rates following their periodic price revisions. Fuel prices vary from state to state due to differences in value-added tax (VAT), freight charges, and municipal levies. As a result, consumers in different cities pay different prices for petrol and diesel. Petrol, Diesel Price Today in Major Indian Cities According to the supplied price data, the latest petrol and diesel rates are as follows: City Petrol Price (₹/litre) Diesel Price (₹/litre) New Delhi 102.12 95.20 Kolkata…

OpenAI, the company behind ChatGPT, could be heading toward another major increase in valuation as it explores a potential new funding round, even as its plans for a stock market debut remain on hold. According to a report by the Financial Times, OpenAI is in early discussions with investors about a funding round that could value the artificial intelligence company at approximately $1.2 trillion. The talks are preliminary, and the valuation could change before any transaction is finalised. If completed at that level, the proposed valuation would represent a substantial increase over OpenAI’s most recent reported valuation. OpenAI’s Potential Valuation…

Power stocks Suzlon Energy and Adani Power remained under pressure during Tuesday’s trading session, with both shares declining in intraday deals. While Suzlon Energy has recorded losses across several recent time frames, Adani Power has also retreated despite delivering strong returns over the longer term. Suzlon Energy Share Price Falls 2.5% Suzlon Energy shares declined 2.5% to hit an intraday low of ₹41.76. The latest fall added to the stock’s recent weakness. According to the data in the source report, Suzlon Energy shares have declined: Time Period Return 1 week -7% 1 month -10.5% 3 months -27% 1 year -28%…

New Delhi, September 15, 2026: Rail Vikas Nigam Limited (RVNL), a Navratna Central Public Sector Enterprise under the Ministry of Railways, showcased its major railway and infrastructure projects, technical capabilities, and emerging technologies at INNOPROM. India 2026, held at Bharat Mandapam in New Delhi from September 9 to 11. A key highlight of the three-day international industrial exhibition was the visit of Prime Minister Narendra Modi and Russian President Vladimir Putin to the RVNL stall. RVNL Chairman and Managing Director Salim Ahmed welcomed the two leaders during their visit. Vande Bharat Sleeper Trainset Model on Display Among the major projects…

Mumbai, 31 July 2026 — IIRM Holdings India Ltd (BSE: IIRM, 526530) has announced a strategic capital raise of ₹1,500 million (₹150 crore) through a mix of Equity Shares and Fully Convertible Warrants priced at ₹143.28 per share. The funding round is led by mid-market private equity firm Carpediem Capital and Sanshi Fund – I, a Category III Alternative Investment Fund (AIF). The issuance remains subject to shareholder and statutory regulatory approvals. Key Highlights of the Deal Total Raised: ₹1,500 Million (₹150 Crore) Instruments: Equity Shares & Fully Convertible Warrants Issue Price: ₹143.28 per share Lead Investors: Carpediem Capital &…