Latest News, Updates & Breaking Headlines
Citigroup initiated its coverage of Pine Labs with a buy rating and a target price of Rs 235. Analysts said that India’s payments fintech is on a monetization improvement trajectory, with leading players increasingly entrenched in respective core areas of leadership. While product, services and distribution build-outs into comprehensive plays will continue across the fintech…
Chris Pine might just be teaming up with Emma Stone for a new romantic comedy, ‘The Catch’, and Hollywood can’t quite keep calm. As per reports, if this casting comes through, it will be the first time that these two actors will share screen space. ‘The Catch’: What we know so far So, what is…
Mumbai: Payment technology firm Pine Labs has partnered with OpenAI to build smarter payment systems that can take limited financial decisions on their own, aiming to simplify how businesses manage money.The collaboration will embed OpenAI’s artificial intelligence models into Pine Labs’ merchant platforms used by retailers and service providers. Instead of merely processing payments, the…
Pine Labs has opened its initial public offering (IPO) for public subscription from Friday, aiming to raise Rs 3,900 crore. The three-day issue will close on November 11.The IPO consists of two components: a fresh issue of Rs 2,080 crore and an offer for sale worth Rs 1,820 crore. Shares are being offered in a…
MUMBAI: As Pine Labs broadens its international play and expands in a competitive space where technology is fast nudging firms to evolve, going public will allow it to establish value for the company and gain wider credibility, said B Amrish Rau, chairman, MD and CEO at the fintech which is set to debut on the…
MUMBAI: Markets regulator Sebi has approved the IPO of Pine Labs, a document on its website showed on Monday. The updated DRHP is not yet public. Draft papers filed by the fintech earlier this year had showed that it is seeking to raise up to Rs 2,600 crore through fresh issue of shares. In all,…
