At physical stores, users double-click the side or home button on their iPhone to open the default card in Apple Wallet, authenticate using Face ID, Touch ID, or a passcode, and hold the device near the contactless reader. The transaction is processed through the underlying credit card, meaning the card’s existing billing cycle, credit limit, reward points, interest terms, and foreign transaction fees continue to apply.
Augment India Holdings LLC is likely to divest 85 lakh shares, representing a 7.25% stake in Clean Max Enviro Energy Solutions, through a block deal, according to reports. The offer size is pegged at Rs 1,062.8 crore, while the floor price has been set at Rs 1,250 per share, the reports said. The offer may…
Around 38 companies have fixed Friday as the record date for their respective dividends, effectively making today the last day for interested investors to buy the shares to be eligible for the payments. Under Sebi‘s T+1 settlement cycle, investors need to purchase a company’s shares at least one trading day before the record date to…
ET Intelligence Group: ESDS Software Solutions, a data centre and managed services provider, plans to raise ₹720 crore through a fresh equity issue to fund facilities expansion. The promoter group’s stake will fall to 39.5% after the IPO from 46%. The Company offers infrastructure-as-a-service (IaaS), managed services and software-as-a-service (SaaS), to domestic and overseas customers…
Punjab DA news update: Employees of the Punjab ministerial office called off their pen-down strike after assurance from Chief Secretary KAP Sinha that show-cause notices seeking disciplinary action against those who participated in the 27 August mass leave protest will be withdrawn, PTI reported. This comes following talks between the Punjab Sanjha Mulzam Manch and…
Mumbai: ICICI Bank, which has drastically narrowed its valuation gap with HDFC Bank this year, has emerged as the most valued stock holding in mutual fund (MF) portfolios in July, ending a three-year run at the top for India’s biggest lender by market value. Mutual funds currently hold around 3.94 billion shares of HDFC Bank,…
Defence stocks have seen a sharp surge recently, pushing the defence index to record high earlier last week, with analysts continuing to remain bullish on the sector amid strong government reforms. Paras Defence shares rallied over 15% during the week to hit a fresh 52-week high of Rs 1,585 apiece. Defence heavyweights Bharat Dynamics (BDL),…