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<keyword id="19901245" type="General" weightage="20" keywordseo="BCCI" source="keywords" meta.keywordsubtype="org" meta.entityname="BCCI" meta.hostid="83" meta.entityid="BCCI">BCCI</keyword> secretary <keyword id="19930802" type="General" weightage="20" keywordseo="Jay-Shah" source="keywords">Jay Shah</keyword> on Sunday hailed India's epochal title win in the T20 World Cup and announced a <keyword id="20189879" type="General" weightage="20" keywordseo="prize-money" source="keywords">prize money</keyword> of <keyword id="22237433" type="General" weightage="20" keywordseo="Rs-125-crore" source="keywords">Rs 125 crore</keyword> for the team for its monumental feat in the just-concluded ICC showpiece. India defeated South Africa by seven runs in a tense final at Bridgetown, Barbados, to land their second world title in the T20 format. "Under the exceptional leadership of <keyword id="19899523" type="General" weightage="20" keywordseo="Rohit-Sharma" source="keywords">Rohit Sharma</keyword>, this team has shown remarkable resolve and resilience, becoming the first team in the history of the ICC T20 World Cup to win the tournament unbeaten," said Shah in a statement. "They have faced and silenced their critics with stellar performances time and again. Their journey has been nothing short of inspirational, and today, they join the ranks of the greats." Shah later took to social media to announce a cash reward of Rs 125 crore for the team. "I am pleased to announce prize money of INR 125 Crores for <keyword id="20015089" type="General" weightage="20" keywordseo="Team-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Team India" meta.hostid="83" meta.entityid="Team India">Team India</keyword> for winning the ICC Men's T20 World Cup 2024," Shah wrote on 'X' "The team has showcased exceptional talent, determination, and sportsmanship throughout the tournament. Congratulations to all the players, coaches, and support staff for this outstanding achievement!" Shah also lauded the team's strong work ethics. "This team has made us all proud with their dedication, hard work, and unyielding spirit. Led by Rohit Sharma, and ably assisted by Virat Kohli, Jasprit Bumrah and others they have fulfilled the dreams and aspirations of 1.4 billion Indians," he said in his statement.

This team has silenced critics: BCCI secretary Shah hails India's triumph, announces ₹125 crore award

Market regulator <keyword id="19901201" type="General" weightage="100" keywordseo="Sebi" source="keywords">SEBI</keyword> has issued notice to fintech firm <keyword id="20253123" type="General" weightage="20" keywordseo="One97-Communications" source="keywords" meta.keywordsubtype="org" meta.entityname="One97 Communications" meta.hostid="261" meta.entityid="One97 Communications">One97 Communications</keyword>, which owns the <keyword id="19898109" type="General" weightage="20" keywordseo="Paytm" source="keywords">Paytm</keyword> brand, for the employee <keyword id="20410988" type="General" weightage="20" keywordseo="stock-options" source="keywords">stock options</keyword> (<keyword id="20043663" type="General" weightage="20" keywordseo="ESOPs" source="keywords">ESOPs</keyword>) allocated to MD and CEO <keyword id="20004114" type="General" weightage="20" keywordseo="vijay-shekhar-sharma" source="keywords">Vijay Shekhar Sharma</keyword>, according to the company filing on Monday. In response to a query from stock exchanges, Paytm said the notice is not a new development, and it is in regulatory contact with the market regulator to make required representations. According to Paytm's financial year 2024 annual result filing, it had issued 2.1 crore employee stock options (ESOP) to Sharma in the financial year 2022. SEBI had issued a show cause notice to Paytm on ESOP issued to Sharma. "This is not a new development, as the Company had already made relevant disclosures on this matter in its financial results for the quarter and year ended March 31, 2024, as well as the quarter ended June 30, 2024. The Company is in regular communication with the <keyword id="19970553" type="General" weightage="20" keywordseo="securities-exchange-board-of-india" source="keywords">Securities Exchange Board of India</keyword> (SEBI) and making necessary representations regarding this matter," Paytm said in response to a stock exchange query. The disclosure made on May 22 and July 19 said that Paytm has submitted its preliminary response and is in the process of seeking further information from the regulator in this regard. "Based on an independent legal opinion obtained by the management, it believes that the Company is compliant with the relevant regulations. Accordingly, there is no impact on the financial results for the year ended March 31, 2024," the filing said. Shares of One97 Communications Ltd, which owns the Paytm brand, on Monday dropped over 4% amid reports that SEBI has issued show-cause notices to Vijay Shekhar Sharma and board members who served during its IPO in November 2021 for alleged misrepresentation of facts. The stock tanked 4.41 % to settle at Rs 530.05 apiece on the BSE. During the day, it plunged 8.88 % to Rs 505.25. On the NSE, shares of the firm dropped 4.47 % to Rs 530. Intra-day, the stock tumbled 8.88 % to Rs 505.55. The company's market valuation declined by Rs 1,534.23 crore to Rs 33,731.56 crore. Earlier in the day, BSE sought clarification from One 97 Communications Ltd with reference to news that Vijay Shekhar Sharma, Paytm directors face SEBI show-cause notices over initial public offering (IPO) breaches, particularly on ESOPs allotted to MD and CEO Vijay Shekhar Sharma. In response to a query from stock exchanges, Paytm said the notice is not a new development, and it is in regulatory contact with the markets regulator to make required representations.

SEBI issues notice to Paytm on ESOPs given to CEO Sharma; firm says disclosure already made

The <keyword id="20412710" type="General" weightage="100" keywordseo="ICC-T20-World-Cup" source="keywords">ICC T20 world cup</keyword> has all of us hooked undoubtedly. From low-scoring thrillers to surprise upsets to high-scoring, high-voltage chases that have gone down to the wire, the ongoing world cup has had us on the edge of our seats! Post the high octane, much anticipated <keyword id="63471" type="General" weightage="20" keywordseo="India-vs-Australia" source="Orion">India vs Australia</keyword> clash that took place yesterday, where India silenced the kangaroos, India is set to meet England in the semi-final clash tomorrow. As for the resilient Afghans, who first defeated Australia and then Bangladesh, the next stop is against the Proteas, who have been unbeaten in this tournament so far! But before these epic clashes, take a good, long, hard look at your financial fitness. And if you are unable to win at managing your finances in life, here are some insights you can take from these matches! <cmsannotation type="cmsannotation" annotationid="Never write off the underdog" comment="subhead" text="Never write off the underdog">Never write off the underdog </cmsannotation>Remember how USA, an associate nation and <keyword id="19919646" type="General" weightage="20" keywordseo="cricket" source="keywords">cricket</keyword>ing minnow, managed to thrash Pakistan by first taking their match to a super over, and then beating them by 5 runs? USA stunned cricket fans all over the world, while promptly announcing itself on the global cricket scene! Shortly after, Afghanistan won over Australia, a certified cricketing giant, by 21 runs. As unexpected as it was, it tells us to never completely write off the underdog, in cricket and in markets. Consider this. The BSE smallcap index has jumped up by 61.79% over the past year. In contrast, the BSE largecap index has only risen by 31.78% in this time. While large caps like Australia certainly offer stability, it is in these smallcaps like Afghanistan where immense growth potential lies. Which is why there is immense merit in allocating some portion of your portfolio to <keyword id="425061" type="General" weightage="20" keywordseo="small-cap-stocks" source="Orion">small-cap stocks</keyword>. <cmsannotation type="cmsannotation" annotationid="Have an emergency fund" comment="subhead" text="Have an emergency fund">Have an <keyword id="20747810" type="General" weightage="20" keywordseo="emergency-fund" source="keywords">emergency fund</keyword></cmsannotation> Stunned by both Afghanistan and India, in the end, Australia had to hope that Bangladesh wins over Afghanistan in more than 12.1 overs, so that they could make it through to the Super 8. Similarly, earlier on, Pakistan had to rely on India thrashing USA by a big margin,and then on USA to lose their last league match, so that they could qualify ahead. The lesson? Have an emergency fund handy, so that you don’t have to rely on others to battle any emergencies. Relying simply on friends and family to tide you through financially difficult times can come back to bite you! Experts suggest that your emergency fund should have at least 3-6 months of your essential expenses. <cmsannotation type="cmsannotation" annotationid="Markets don't stay the same" comment="subhead" text="Markets don't stay the same">Markets don't stay the same </cmsannotation>Die-hard cricket fans would know of Indian skipper Rohit Sharma’s struggles against left arm pacers. Before India’s match with Australia, Rohit had been dismissed by 3 of them in this tournament-Shaheen Shah, Saurabh Netravalkar and Fazal Haq Farooqi. So naturally, fans were concerned about how Sharma would battle Mitchell Starc, Australia’s most dangerous left-arm spinner, who was coming off a splendid performance in IPL 2024 as well. But Rohit Sharma’s swashbuckling 92 off 41 runs turned the tables. Infact, Starc’s over against Sharma went for 29 runs, the most expensive Starc had ever bowled in T20Is. So, if you think you can time the market, you’re mistaken. Investing in stock markets is not a matter of timing them, but staying invested over-time. The best time to conquer your demons, and to start investing is right now! <cmsannotation type="cmsannotation" annotationid="Diversify" comment="subhead" text="Diversify">Diversify </cmsannotation>India’s star batter Virat Kohli has been going through a lull, when it comes to runs. Dismissed for ducks against USA and Australia, his highest individual score is 37 off 28 balls against Bangladesh. And yet, India has continued its unbeaten streak throughout the world cup. That's because other players like Rishabh Pant, Hardik Pandya stepped up. The idea is to diversify, and not put all your eggs in one basket. Have more than one asset class in your portfolio apart from equity, like debt, gold and others, so that you are able to hedge your risks. If one asset dips, you have the cushion of others to safeguard you from losses. <cmsannotation type="cmsannotation" annotationid="You don't need a lot to start" comment="subhead" text="You don't need a lot to start">You don't need a lot to start </cmsannotation>This world cup has largely been about Afghanistan’s dream run, and how they managed to qualify for semifinals for the first time ever. This, despite not having a proper home ground, or any cricketing facilities in their country. Afghani players are a prime example of how discipline and consistent effort is all one needs to win. So, stop waiting for when you’ll start earning more to start saving and investing. Begin with that Rs 500 SIP right away, and increase it as you go. Starting off and staying at it is more important than waiting for the right time!

Five financial lessons to take away from the ICC T20 World Cup

New Delhi, <keyword id="20004114" type="General" weightage="20" keywordseo="vijay-shekhar-sharma" source="keywords">Vijay Shekhar Sharma</keyword>, one of the most recognised faces of India's fintech industry, has seen a fair share of controversies. Sharma launched <keyword id="19898109" type="General" weightage="20" keywordseo="paytm" source="keywords">Paytm</keyword> - an acronym for 'pay through mobile' - offering mobile recharges. He launched wallet services in 2011 but the big push came with the 2016 demonetisation. He took out front-page ads in top newspapers with Prime Minister Narendra Modi's photo, calling demonetisation the "boldest decision in the financial history of independent India". With fewer currency notes in circulation, Paytm was on a roll. Sharma made a splash in 2018 by getting USD 300 million investment in Paytm from <keyword id="19921921" type="General" weightage="20" keywordseo="warren-buffett" source="keywords">Warren Buffett</keyword>'s Berkshire Hathaway. *Controversies* Paytm was mired in controversies with its Chinese connection following huge investments from Alibaba Group. The Chinese internet firm became the biggest shareholder in Paytm with a 34.7 per cent stake before the company's initial public offer. Alibaba group firm Antfin sold around 5 per cent shares to lower its stake below 25 per cent to comply with regulatory requirements at the time of IPO. To shed its Chinese-owned entity image, Paytm in August 2023 announced that founder and CEO Vijay Shekhar Sharma would acquire a 10.3 stake in Antfin through his overseas entity Resilient Asset Management BV which will make him the largest stakeholder in the company with 19.42 per cent stake. In return, Resilient issued a debt instrument --optionally convertible debentures, to Antfin thereby maintaining the economic interest of Alibaba group firm. With this transaction, Antfin's direct stake in Paytm was reduced to 13.5 per cent. Antfin further sold 3.6 per cent in Paytm to bring its shareholding to less than 10 per cent and at present holds 9.89 per cent of the fintech firm. The company's market cap has eroded drastically since the time of its listing. The company's IPO opened on November 8, 2021, in the price band of Rs 2,080-2,150 per share. The Paytm IPO made history with over Rs 18,300 crore share sale 'making it the largest public issue in India's corporate history. But the company's stock made a weak debut in the market on November 18 and hit a lower circuit after recording about 20 per cent decline during trading hours. It finally closed at Rs 1,560, down by about 27 per cent, compared to its issue price of Rs 2,150. Since then, Paytm shares have not been able to cross even half the mark of the issue price. After the <keyword id="19899808" type="General" weightage="20" keywordseo="rbi" source="keywords">RBI</keyword>'s January 31 move, One97 Communications shares tanked around 40 per cent to close at Rs 487.05 on BSE on Friday. Billionaire businessman <keyword id="19952201" type="General" weightage="20" keywordseo="warren-buffet" source="keywords">Warren Buffet</keyword>'s Berkshire Hathaway sold its stake in Paytm at a loss of 31 per cent per share in November 2023. Berkshire Hathaway had invested in Paytm for about Rs 1279 per share but sold it for Rs 877.29 apiece. At present, Cayman Island-registered SAIF III Mauritius Company Limited is the single largest direct shareholder in Paytm with a 10.83 stake followed by Sharma's Resilient Asset Management BV with a 10.29 per cent stake. SAIF Partners is led by Chinese-origin entrepreneurs with Andrew Y Yan as its managing partner. *Paytm run-ins with RBI* RBI on June 19, 2018, prohibited Paytm Payments Bank from opening any new account and wallet with effect from June 20, 2018, on account of supervisory concerns, which were lifted by RBI on December 27, 2018, with effect from December 31, 2018. The Office of Banking Ombudsman issued a show-cause notice dated March 6, 2019, for Paytm Payments Bank's failure to monitor a certain account maintained with it which had shown a sudden increase in the velocity of daily transactions involving immediate transfer to other banks. The actions were found to be in the violation of RBI's provisions on KYC. RBI rejected Paytm Payments Services Ltd's (PPSL) application to operate as a payment aggregator on November 25, 2022. The banking regulator asked the firm to re-submit applications within 120 days after it gets government approval on investment made by OCL into PPSL as per FDI guidelines. The regulator asked PPSL to continue operations with the condition that no new merchants should be onboard. After completion of 120 days, RBI again granted PPSL an extension but without removing the bar on new merchant onboarding. RBI issued a show cause notice to PPBL on July 29, 2021 for submitting false information to RBI confirming completion of the transfer of the Bharat Bill Payment Operating Unit ("BBPOU") by OCL to PPBL on August 28, 2017. The actual transfer of the BBPOU business by the Company to PPBL was completed only by March 31, 2021. RBI on October 1, 2021, imposed a penalty amounting to Rs 1 crore on PPBL for a contravention of the Payment and Settlement Systems Act, 2007. RBI imposed a penalty of Rs 5.93 crore on PPBL on October 10, 2023, after it found several non-compliances including banks failure to identify beneficial owners in respect of entities on-boarded by it for providing payout services. RBI found that PPBL did not monitor payout transactions and carry out risk profiling of entities availing payout services, breached the regulatory ceiling of end of the day balance in certain customer advance accounts availing payout services. The banking regulator found that PPBL reported a cyber security incident with delay and failed to implement device binding control measures related to 'SMS delivery receipt check'. PPBL video-based customer identification process infrastructure failed to prevent connections from IP addresses outside India.

Vijay Shekhar Sharma: The controversies of the architect of fintech

<keyword id="20528925" type="General" weightage="20" keywordseo="Amish-Tripathi" source="keywords">Amish Tripathi</keyword>, the celebrated author behind the best-selling <keyword id="22444346" type="General" weightage="20" keywordseo="Shiva-trilogy" source="keywords">Shiva Trilogy</keyword> and Ram Chandra series, has made headlines once again for his recent acquisition in Mumbai’s elite <keyword id="22444347" type="General" weightage="20" keywordseo="Upper-Worli-district" source="keywords">Upper Worli district</keyword>. The author, known for his retelling of Indian myths, has invested a staggering Rs 13.65 crore in a luxurious apartment located within the prestigious <keyword id="22444348" type="General" weightage="20" keywordseo="World-One-project" source="keywords">World One project</keyword> by the <keyword id="20178245" type="General" weightage="20" keywordseo="Lodha-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="Lodha Group" meta.hostid="261" meta.entityid="Lodha Group">Lodha Group</keyword>. Situated in one of Mumbai's most coveted locales, Tripathi's new abode spans approximately 251 square metres of sheer opulence. Boasting interiors designed by the renowned <keyword id="22444349" type="General" weightage="20" keywordseo="Armani/Casa" source="keywords">Armani/Casa</keyword>, the residence offers a blend of sophistication and comfort. Further, Lodha’s World One project, renowned for its exclusivity and panoramic views of the Arabian Sea, boasts some of the tallest residential buildings in India. <div type="Article" hostid="261" msid="111582880" title="How did Delhi-NCR and Mumbai housing prices surge by nearly 50% in five years?" mstype="2" mssubtype="0"></div>Nestled in the heart of <keyword id="20161525" type="General" weightage="20" keywordseo="South-Mumbai" source="keywords">South Mumbai</keyword>, Worli boasts a vibrant mix of cultural attractions and recreational avenues. Some notable destinations include the picturesque <keyword id="22444350" type="General" weightage="20" keywordseo="Worli-Sea-Face" source="keywords">Worli Sea Face</keyword>, a favourite among joggers and evening strollers, to the iconic Bandra-Worli Sea Link, which connects the island city to its northern suburbs. Moreover, the area's upscale dining establishments, boutique shops, and cultural venues ensure that residents are never far from the pulse of Mumbai's dynamic lifestyle. Worli in South Mumbai has long also been a magnet for celebrities and prominent personalities seeking luxury and convenience. Known for its stunning sea views and proximity to Mumbai's business districts, Worli counts several Bollywood stars, industrialists, and sports icons among its residents. Notable personalities that reside here include Shahid Kapoor, Rohit Sharma, Yuvraj Singh, <keyword id="6354486" type="General" weightage="20" keywordseo="virat-kohli" source="Orion">Virat Kohli</keyword>, Anushka Sharma, Riteish Deshmukh and Genelia D'Souza. <div type="Article" hostid="261" msid="111663953" title="Is the cost of rent finally going down in Bengaluru&amp;#39;s IT corridors like Koramangala and Whitefield?" mstype="2" mssubtype="0"></div>Even with 7 million books sold worldwide, Tripathi continues to expand his creative horizons. In collaboration with Immortal Studios, Wakaoo Films, and Casa Media, the author has ventured into film production, aiming to bring his novel Legend of Suheldev: The King Who Saved India to life on screen. His latest documentary, Ram Janmabhoomi: Return of a Splendid Sun, delves into the historical and cultural facets of Ram Janmabhoomi and the life of Lord Ram.

Shiva trilogy author Amish Tripathi buys Mumbai apartment worth Rs 13.65 crores in one of India’s tallest towers

Digital payments and services app <keyword id="19898109" type="General" weightage="20" keywordseo="paytm" source="keywords">Paytm</keyword> is working and will continue to work as usual even after February 29, its CEO <keyword id="20004114" type="General" weightage="100" keywordseo="vijay-shekhar-sharma" source="keywords">Vijay Shekhar Sharma</keyword> said on Friday. The founder and CEO of One97 Communications Ltd (OCL), which owns Paytm brand, on social media platform X said the company is committed to serving the nation in full compliance. "To every Paytmer, Your favourite app is working, will keep working beyond 29 February as usual," Sharma said. RBI has barred Paytm Payments Bank Ltd (PPBL) from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags, among others after February 29, 2024. OCL holds a 49% stake in PPBL but classifies it as an associate of the company and not as a subsidiary. "I with every Paytm team member salute you for your relentless support. For every challenge, there is a solution and we are sincerely committed to serve our nation in full compliance. India will keep winning global accolades in payment innovation and inclusion in financial services - with PaytmKaro as the biggest champion of it," Sharma said. The Paytm top management during an earning call on Thursday said they are working on a migration plan for PPBL, wallet, FASTag etc users with other banks. The company sees the RBI order to have an impact of Rs 300-500 crore on its annual operational profit as its customers will not be able to add money to their wallets, FASTag etc. Separately, the company informed that its offline merchants network offering and device business like Paytm Soundbox, EDC, QR are not impacted by the Reserve Bank of India's (RBI) direction to its associate bank. The fintech company will also continue onboarding merchants to its platform. "The Paytm Payment Gateway business (online merchants) will continue to offer payment solutions to its existing merchants. Other financial services such as loan distribution, insurance distribution and equity broking, are also not in any way related to Paytm's associate bank and are expected to be unaffected by this direction," the company said. Paytm said that the RBI order also does not impact user deposits in their savings accounts, wallets, FASTags and NCMC (National Common Mobility Card) accounts, and they can continue to use the existing balances. RBI has ordered PPBL to settle all pipeline transactions and nodal accounts (in respect of all transactions initiated on or before February 29, 2024) by March 15, 2024 and no further transactions would be permitted thereafter. Sharma during the call had said that RBI order is a "big speed bump" and shared that he could not understand the trigger for the move and he was not aware of the exact nuance that triggered the order. "On behalf of Paytm I can say it is more of a big speed bump but it is something that we believe that with partnership of other banks and capabilities that we have already developed, we will be able to see through in the next few days or quarters as the case will be," he had said.

Paytm app will continue to work beyond Feb 29 as usual: CEO Vijay Shekhar Sharma

Industry players on Monday hailed the government's move to enhance the scheme outlay of Faster Adoption and Manufacturing of Electric Vehicles (<keyword id="19912965" type="General" weightage="20" keywordseo="fame" source="keywords">FAME</keyword>) <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword> <keyword id="20527557" type="General" weightage="20" keywordseo="phase-ii" source="keywords">Phase II</keyword>, saying it will enhance infrastructure, foster widespread adoption and longevity of electric vehicles across the country. The Ministry of Heavy Industries announced that the scheme outlay of FAME India Phase II has been enhanced from Rs 10,000 crore to Rs 11,500 crore under FAME India scheme Phase II in order to give a further push to clean mobility in the country. The ministry also said that it is a "fund and term limited scheme", which means that the subsidies for demand incentive will be eligible for e-two-wheelers, e-three-wheelers, and e-four-wheelers sold till March 31, 2024 or till the time the funds are available, whichever is earlier. "We applaud the government's decision to enhance the FAME India Scheme Phase II outlay to Rs 11,500 crore. This timely boost in investment is a shot in the arm for the EV industry, accelerating its growth trajectory and paving the way for a cleaner, more sustainable future," VG Anil, CEO of EV battery manufacturer Arenq. The main objective of the scheme is to encourage faster adoption of electric and hybrid vehicles by way of offering upfront incentives on purchase of EV and also by establishing a necessary charging infrastructure for electric vehicles. "This Rs 1,500 crore boost sends a clear message: India is serious about electrifying its mobility landscape. Lower upfront costs for EVs, coupled with enhanced charging infrastructure, will incentivize riders to choose eco-friendly travel, accelerating the transition to a zero-emission future," Mayank Bindal, Founder and CEO, <keyword id="20078292" type="General" weightage="20" keywordseo="snap-e-cabs" source="keywords">Snap E Cabs</keyword>, told IANS. The number of EV charging stations that are operating in the country has gone up to 12,146 (as of February 2 this year), according to the government data. "The extension of FAME II until the end of March with a substantial outlay of 1,500 crore is a positive move," said <keyword id="20300065" type="General" weightage="20" keywordseo="avinash-sharma" source="keywords">Avinash Sharma</keyword>, Co-Founder of ElectricPe. "This not only strengthens consumer-side subsidies but also enhances infrastructure, fostering widespread adoption and longevity of electric vehicles across the country," Sharma added. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/wd-black-sn850x-ssd-review/articleshow/107557627.cms">WD Black SN850X SSD review – a reliable gaming SSD</a> <a href="https://www.businessinsider.in/tech/mobile/news/oneplus-open-review/articleshow/106961567.cms">OnePlus Open review – Feature-packed foldable in a premium design</a> <a href="https://www.businessinsider.in/tech/mobile/news/vivo-x100-review-top-end-camera-centric-smartphone-with-sleek-design/articleshow/106539033.cms">Vivo X100 review – Top-end camera centric smartphone with sleek design</a>

Industry hails extension of FAME II scheme to bolster EV infra

The makers of the upcoming action-thriller movie 'Code Name: Tiranga' have decided to cap the opening day ticket price of the film at Rs 100 per ticket at all cinemas across India. The lead pair of the film, Harrdy Sandhu and <keyword id="562349" type="General" weightage="80" keywordseo="parineeti-chopra" source="Orion">Parineeti Chopra</keyword>, shared the news with their fans through a special video. The espionage action thriller, 'Code Name: Tiranga' is the story of a spy on an unfaltering and fearless mission for her nation in a race against time where sacrifice is her only choice. The film, directed by <keyword id="386035" type="General" weightage="80" keywordseo="ribhu-dasgupta" source="Orion">Ribhu Dasgupta</keyword>, will see Parineeti playing a RAW agent who is on an exhilarating journey across many countries. This will be Harrdy Sandhu's second Hindi film after the sports-drama '83', which failed to impress the critics and also couldn't do much at the box office. The film, which also stars <keyword id="30223" type="General" weightage="80" keywordseo="sharad-kelkar" source="Orion">Sharad Kelkar</keyword>, <keyword id="115070" type="General" weightage="80" keywordseo="rajit-kapur" source="Orion">Rajit Kapur</keyword>, Dibyendu Bhattacharya, <keyword id="201000" type="General" weightage="80" keywordseo="shishir-sharma" source="Orion">Shishir Sharma</keyword>, Sabyasachi Chakraborty and Deesh Mariwala, will debut in theatres on October 14. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/indian-startup-funding-hit-2-year-low-in-jul-sep-at-2-7-billion-pwc/articleshow/94832229.cms" style="">Indian startup funding hit 2-year low in Jul-Sep at $2.7 billion: PwC</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/wework-india-makes-its-1st-investment-in-bengaluru-based-zoapi/articleshow/94831789.cms">WeWork India makes its 1st investment in Bengaluru-based Zoapi</a>

'Code Name: Tiranga' makers cap first day ticket prices at Rs 100 across India

<keyword id="181441" type="General" weightage="20" keywordseo="one97-communications" source="Orion">One97 Communications</keyword> Limited (OCL) that owns the brand <keyword id="6357120" type="General" weightage="20" keywordseo="paytm" source="Orion">Paytm</keyword>, India's leading payments and financial services company and the pioneer of QR, soundbox and mobile payments, today announced an investment of Rs100 crore in Gujarat International Finance Tec-City (<keyword id="6424024" type="General" weightage="20" keywordseo="gift-city" source="Orion">GIFT City</keyword>) to build a global financial ecosystem, ahead of the Vibrant Gujarat Global Summit 2024, in Gandhinagar. The company will make the investment over a period of time and will seek requisite approvals for the same. With GIFT city as an ideal innovation hub for cross-border activity, Paytm will use its proven capability to innovate and build new <keyword id="6358815" type="General" weightage="20" keywordseo="tech" source="Orion">tech</keyword> for users across the globe looking to invest in India. As the pioneer of real-time payments and settlements in India, the company will replicate its success to now reduce friction in cross-border remittances with faster and cost-effective solutions, driven by Artificial Intelligence. Leveraging its leadership as a tech innovator, Paytm will also set up a development centre in GIFT City to build the above solutions and provide a technology backbone. This centre will create jobs and house engineers to develop a suite of world-class financial products and services. Vijay Shekhar Sharma, founder and CEO, said, "GIFT City is set to become a global financial hub, further putting India on the world map for innovation. The strategic investment in GIFT City represents a pivotal step towards building an Artificial Intelligence-driven cross-border remittance and payments technology landscape, presenting global opportunities. This will enable us to deliver fast, reliable, and cost-effective remittance solutions, reducing friction, at a global scale. We are excited about GIFT City serving as an exemplary innovation hub for cross-border activities, enabling overseas <keyword id="6359051" type="General" weightage="20" keywordseo="investors" source="Orion">investors</keyword> the flexibility to maintain foreign currency accounts. Furthermore, we intend to leverage this investment to establish a dedicated development center." Paytm is India's leading mobile payments and financial services distribution company. Pioneer of the mobile QR payments revolution in India, Paytm builds technologies that help small businesses with payments and commerce. Paytm's mission is to serve half a billion Indians and bring them to the mainstream economy with the help of technology.

Paytm to invest Rs 100 Crore in GIFT City; plans to offer AI-driven cross border remittance

<keyword id="6359783" type="General" weightage="80" keywordseo="bajaj-auto" source="Orion">Bajaj Auto</keyword> said its consolidated net profit increased 17.51% to Rs 2,020 crore for the September quarter with robust domestic performance driving record revenue. The Pune-based company had reported a consolidated net profit of Rs 1,719 crore in the year-ago period. Total income increased to Rs 11,207 crore for the second quarter of the current fiscal from Rs 10,537 crore a year ago, Bajaj Auto said in a regulatory filing. Bajaj Auto said its revenue from operations registered a new high of Rs 10,777 crore, up 6% year-on-year (YoY). In terms of volume, Bajaj said it sold a total of 10,53,953 units in the quarter under review, down 8% from 11,51,012 units in the year-ago period. Two-wheeler sales in the domestic market were down 19% to 5,05,320 units in Q2 as compared to 6,21,134 units in the year-ago period, while exports were at 3,76,263 units as against 3,97,900 units last year, down 5%. Total three-wheeler sales were at 1,72,370 units in the quarter under review as against 1,31,978 units in the corresponding period a year ago, up 31%. In the domestic market, the company said it clocked its highest-ever quarterly sales at 1,32,236 units as against 73,241 units last year, registering an increase of 81%. Addressing reporters in a virtual earnings call, Bajaj Auto Executive Director Rakesh Sharma said the company has been able to deliver "record breaking" performance in the midst of difficult international trading conditions. He said the drop in volumes of two-wheelers was due to the high base effect of the corresponding period last fiscal. Led by strong performance in the 125cc and above motorcycle segment, Sharma said Bajaj Auto has been able to increase its market share, which, along with better product mix, resulted in better revenue realisation. The domestic business registered a new peak, on the back of six successive quarters of double-digit growth, he added. On the company's electric two-wheeler brand <keyword id="409918" type="General" weightage="50" keywordseo="chetak" source="Orion">Chetak</keyword>, Sharma said after sorting out supply chain issues since March-April this year, Bajaj Auto has been able to increase its market share in the electric two-wheeler segment to 11% in Q2, up from 3% in FY23. The portfolio of the brand would also be expanded, he said, adding that the sales network of Chetak is present in 120 cities as against 90 in the previous quarter. Asked about the penetration of electric two-wheelers, he said it is at around 5% of the overall two-wheeler industry and in the September quarter, it has been "stuck" at monthly sales of about 65,000 units due to increase in prices after the reduction in FAME II subsidy. It has led to consolidation with the top-five players commanding 75% of the market as compared to 50% earlier and the bottom players have been weakened and severely hit. Sharma said one needs to wait and see how electric two-wheelers will grow in future as it will depend on the continuation or changes in the FAME scheme. Commenting on the performance of premium bike <keyword id="52525" type="General" weightage="50" keywordseo="triumph" source="Orion">Triumph</keyword>, he said it has been received extremely well in the market with the model clocking 8,000 units in the first one and half months of deliveries since August. Bajaj Auto will increase monthly production of the model to 10,000 units by the fourth quarter of FY24, up from 7,000 units currently. The company is also planning to start exports of Triumph bikes in the third quarter, while work on taking the brand experience to over 100 cities by the year end is on track from 26 currently, he added. Asked about the company's new launches, Sharma said there will be six upgrades and new launches in the 125 cc and above segment in the next four to five months starting after Diwali. On exports, he said a slow and steady recovery is expected considering the current global geopolitical situation and the difficulties in the financial system. Bajaj Auto said it sustained strong cash generation by adding over Rs 3,600 crore of free cash flow in the first half of the current fiscal. Shares of the company ended marginally up at 5,143.80 apiece on the BSE on Wednesday.

Bajaj Auto Q2 net profit rises 17% to Rs 2,020 crore

Mumbai (Maharashtra) [India], September 29 (ANI): Actors <keyword id="337442" type="General" weightage="80" keywordseo="varun-sharma" source="Orion">Varun Sharma</keyword>, <keyword id="475128" type="General" weightage="20" keywordseo="pankaj-tripathi" source="Orion">Pankaj Tripathi</keyword> and <keyword id="76825" type="General" weightage="50" keywordseo="pulkit-samrat" source="Orion">Pulkit Samrat</keyword> starrer comedy film '<keyword id="1182509" type="General" weightage="100" keywordseo="fukrey" source="Orion">Fukrey</keyword> 3' has according to estimates collected Rs 8.82 crore at the Indian box office on its first day. Taking to Instagram, trade analyst Taran Adarsh shared a post which he captioned, "#Fukrey3 fares well on Day 1... Evening / night shows perform better... Biz in #Maharashtra affected due to #GanpatiVisarjan... Needs to witness substantial growth from Fri - Mon for a strong, impressive total... Thu ₹ 8.82 cr. #India biz. #Boxoffice" Helmed by Mrighdeep Singh Lamba and produced under the banner of Excel Entertainment by Ritesh Sidhwand Farhan Akhtar, the film also stars, Richa Chadha and Manjot Singh in the lead roles. Both 'Fukrey' and '<keyword id="3879789" type="General" weightage="50" keywordseo="fukrey-returns" source="Orion">Fukrey Returns</keyword>' had audiences in splits and emerged as hits at the box office in 2013 and 2017, respectively. There have been several delays for 'Fukrey 3'. The movie's initial release date was September 7--was intended to conflict with Shah Rukh Khan's 'Jawan'. After that, it was pushed to December 1. Now it's shifted back to the month of September. Actor <keyword id="486750" type="General" weightage="50" keywordseo="ali-fazal" source="Orion">Ali Fazal</keyword>, who appeared in the first two instalments of the hit franchise, is not a part of the third instalment. Ali, earlier issued a statement, confirming his exit from the franchise. He informed that he did not work in 'Fukrey 3' owing to a scheduling conflict with 'Mirzapur 3' season. Reacting to Ali's absence from the film, actor Pulkit Samrat told ANI, "We actually miss him a lot. We have a lot of fun with him during the promotions or even during the shoot. He also gives very interesting inputs, but unfortunately due to his dates and time he will not be seen in Part 3, but who knows, he might be in Part 4."

Pankaj Tripathi starrer Fukrey 3 gets a flying start at the box office

Mumbai, Sunny Deol-starrer "<keyword id="1847504" type="General" weightage="20" keywordseo="Gadar-2" source="Orion">Gadar 2</keyword>" has collected Rs 134.88 crore net at the domestic box office in its opening weekend, the makers said on Monday. Directed by Anil Sharma, the film is a sequel to Deol's 2001 blockbuster "Gadar: Ek Prem Katha". The actor has reprised his iconic role of Tara Singh in the film, released in theatres on August 11. The film had collected Rs 83.18 crore in the first two days of its release and on Sunday, registered a surge of over 20 per cent. The film has created a "non-solo, non-holiday release's fastest 100-crore milestone", the makers said in a press note. "With each passing day, its dominance has only grown stronger, culminating in a staggering day three collection of Rs 51.70 crore net, amassing a colossal total of Rs 134.88 crore net," they said. Produced by Zee Studios, the movie also features Ameesha Patel returning as Sakeena and Ukarsh Sharma as Charanjeet. "Gadar 2" is set in 1971 and follows Tara Singh's journey to Pakistan to rescue his son, Charanjeet Singh from the Pakistani Army. The original was set during the Partition.

You Searched For "RS Sharma" and got 12 results

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SEBI issues notice to Paytm on ESOPs given to CEO Sharma; firm says disclosure already made

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Vijay Shekhar Sharma: The controversies of the architect of fintech

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Shiva trilogy author Amish Tripathi buys Mumbai apartment worth Rs 13.65 crores in one of India’s tallest towers

BI India Bureau

Paytm app will continue to work beyond Feb 29 as usual: CEO Vijay Shekhar Sharma

PTI

Industry hails extension of FAME II scheme to bolster EV infra

IANS

'Code Name: Tiranga' makers cap first day ticket prices at Rs 100 across India

IANS

Paytm to invest Rs 100 Crore in GIFT City; plans to offer AI-driven cross border remittance

ANI

Bajaj Auto Q2 net profit rises 17% to Rs 2,020 crore

PTI

Pankaj Tripathi starrer Fukrey 3 gets a flying start at the box office

ANI

Sunny Deol's 'Gadar 2' crosses Rs 100 crore mark at box office

PTI

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