Zomato shares rise 2.8% after board approves buying Paytm’s ticketing business

Zomato and Paytm Share Price: Shares of Zomato rose 2.8% to an intraday high of Rs 267 from its previous close of Rs 260.03. The surge in stock price came a day after its board acquired Paytm’s entertainment ticketing business.?

The food-delivery company has proposed to acquire the ticketing business for a value of Rs 2,048 crore. However, the ticketing business will continue to run on the Paytm app for a period of 12 months for a smooth transaction, said Zomato in an exchange filing.?

Bank credit to NBFCs falls to two-year low in June

Bank credit to non-banking financial companies (NBFCs) has slowed down after the Reserve Bank of India (RBI) increased risk weights last year. Growth in the banks’ loan to NBFCs declined to a two-year low of 8.5% in June, down from 36% in October 2022, according to the RBI data.

IREDA shares zoom 11% on plans to raise Rs 4,500 crore via QIP, rights issue

IREDA Shares Today: Shares of IREDA rose 11.2% to an intraday high of Rs 265.70 after the company said that it is considering raising funds up to Rs 4,500 crore through Qualified Institutional Placement, rights issue, and other means, the company said in an exchange filing.

The company will propose the fundraising in front of the board of directors for its approval on August 29.

Realme targets mobile gamers with Realme 13 series 5G, Realme 13 Plus to support 90FPS gaming in these games

Realme today announced that its upcoming Realme 13 series 5G will target mobile gamers. The series is likely to boot two models, a Realme 13 and Realme 13 Plus. Specifically for the Realme 13 Plus, the brand has confirmed, it will be powered by the MediaTek Dimensity 7300 processor and support 90FPS gaming in popular games including Battlegrounds Mobile India, Free Fire, Call of Duty and more.

PM Modi’s historic visit marks a new chapter in India-Poland bilateral ties

Prime Minister Narendra Modi met his Polish counterpart Donald Tusk on Thursday and discussed ways to boost the relationship between India and Poland. PM Modi arrived in Poland on Wednesday marking the onset of a two-nation tour, which will also include his stay in Kyiv, the capital of Ukraine.

Read more at: FinancialExpress.com