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MUMBAI: Urban Company made a blockbuster debut on the bourses on Wednesday, listing at a 62 per cent premium to the IPO issue price of Rs 103 on the NSE, underlining high investor appetite for India’s up-and-coming newage home services space.The company’s shares surged 74 per cent in the trading session to hit day’s high…
NEW DELHI: India’s largest tech-enabled home services marketplace, Urban Company, made a blockbuster debut on Dalal Street on Wednesday.The stock listed at Rs 162.25 on NSE, a 57.5% premium over its IPO price of Rs 103. On BSE, the stock opened at Rs 161, up 56.3%, before rallying further to Rs 179, a gain of…
Cash withdrawals via smartphones are set to become more widely accessible in India, as plans are underway to extend the unified payments interface (UPI)-based withdrawal facility beyond ATMs to over 2 million business correspondents (BCs) nationwide.Currently, UPI-driven cardless withdrawals are limited to UPI-enabled ATMs and a small number of merchants, who can disburse only Rs…
