Paytm to pump in Rs 10,000 cr into banking

New Delhi

Paytm said on Thursday it will invest Rs 10,000 crore over the next three years to ramp up its banking and financial services business. The company, which will soon offer payments bank services in the country, claims to have already pumped in over Rs 3,200 crore in the past two years for its operations. PTI

New Delhi

S Chand IPO oversubscribed 1.96 times

The IPO of textbook publisher S Chand and Company was oversubscribed 1.96 times on the second day of the offer on Thursday. It received bids for 1,50,41,466 shares against the total issue size of 76,85,284 shares, NSE data showed. PTI

Chandigarh

DS Group forays into beverage market

The Rs 7,700-crore DS Group’s Pulse candy has extended the brand experience of Pulse in the beverage category by launching a mango drink. Shashank Surana, VP, DS Group, said, “We have launched the mango drink after extensive research and considering the demand in the segment which is growing at 12%.” TNS

New Delhi

Now, purchase ‘digital gold’ online

Paytm has partnered with MMTC-PAMP to launch ‘Digital Gold’ that will allow customers to buy and sell gold through the electronic platform. Using their Paytm mobile wallets, consumers can purchase 24K 999.9 purity gold online and store it in MMTC-PAMP’s secure vaults free of charge. PTI

New Delhi

OYO enters Nepal with hotel launch

Online hotel aggregator OYO has entered Nepal in its second foray overseas with the launch of a hotel in Kathmandu. The company had earlier ventured in to Malaysia in January 2016. PTI