Business Markets

MobiKwik launches ‘MobiKwik RuPay Card’ in association with NPCI and Axis Bank

Gurugram (Haryana) [India] : MobiKwik, one of the largest mobile wallets and Buy Now Pay Later (BNPL) Fintech companies in India, has collaborated with National Payments Corporation of India (NPCI) and Axis Bank to launch “MobiKwik RuPay Card”.The card will be free of charge to customers and purely digital keeping in line with the growing demand for digital payments across online and brick and mortar stores. The customers can now get up to Rs. 200,000 of their MobiKwik wallet balance mirrored on the MobiKwik RuPay Prepaid Card. The integration of the card with MobiKwik wallet will allow MobiKwik customers to use the card and wallet balance at over 41 million merchants across 190 countries, in addition to the MobiKwik merchant network.The card users will automatically qualify for MobiKwik Zip, a flagship BNPL product, which provides up to Rs. 30,000 credit in the user’s wallet. The users…

Business

Equity indices end flat, auto and IT stocks plunge

Mumbai (Maharashtra) [India], Sep 7: Equity benchmark indices ended flat after a volatile session on Tuesday with auto and IT scrips witnessing profit booking by traders.At the closing bell, the BSE S&P Sensex was down by 17 points or 0.03 per cent at 58,279 while the Nifty 50 dipped by 16 points or 0.09 per cent to 17,362. Many sectoral indices were in the negative terrain with Nifty realty down by 2.3 per cent, IT by 1.3 per cent, PSU bank by 1.2 per cent and pharma by 0.6 per cent. But Nifty FMCG and financial service rose marginally.Among stocks, Sun Pharma lost by 2.1 per cent to Rs 767.30 per share while Bharat Petroleum Corporation slipped by 1.8 per cent.Wipro was down by 1.6 per cent, Tech Mahindra by 1.5 per cent, HCL Technologies by 1.3 per cent and Infosys by 1.2 per…

Business

Equity indices continue upward trajectory, Axis Bank top gainer

Mumbai (Maharashtra) [India], September 1 : Equity benchmark indices maintained their upward momentum during early hours on Wednesday with traders opting for buying across the counters.At 10:15 am, the BSE S&P Sensex was up by 302 points or 0.52 per cent at 57,854 while the Nifty 50 rose by 79 points or 0.46 per cent to 17,212. Sectoral indices were mixed with Nifty realty up by 1.7 per cent, private bank by 1.5 per cent, PSU bank by 1 per cent and auto by 0.4 per cent. But Nifty metal slipped by 1.1 per cent and IT by 0.3 per cent.Among stocks, Axis Bank advanced by 3.6 per cent to Rs 815 per share while IndusInd Bank rose by 2.6 per cent, ICICI Bank by 1.8 per cent and State Bank of India by 1 per cent.The other major gainers were Eicher Motors, Bajaj…

City News Mumbai

Axis Bank, Mumbai Metro and Mastercard launch ‘ONE MUMBAI METRO CARD’, to ensure a seamless commute for Mumbaikars

Today, Axis Bank, Mumbai Metro and Mastercard announced the launch of ‘One Mumbai Metro Card’ to ensure contactless and cashless travel for Mumbaikars.It is a prepaid, open-loop contactless card that can be used as a part of the daily transit journey with just a tap. With this solution, Mastercard has continued to contribute to changing the way India commutes and helping the transit eco-system go completely digital. This is a card that can be used for all daily purchases from food, groceries, medicines, and tickets. Mastercard’s solution gives transit agencies the ability to design, develop and deploy customized prepaid digital payment solutions, delivering an essential contactless transit experience to riders. This is another step in helping the government digitise transport and build the country’s digital economy, backed by the highest standards of safety that Mastercard is known for. The ‘One Mumbai Metro Card’ offers…