Antfin to Sell 4% Paytm Stake for Rs 20.65 Bn
China’s Alibaba Group is set to pare down its stake in One 97 Communications, the parent company of Paytm, through an open market sale scheduled for Tuesday.According to sources, Antfin Netherlands Holding BV—an affiliate of Alibaba-backed Ant Group—will offload 26 million shares, representing roughly 4 per cent equity in the Indian fintech firm.The floor price for the sale is pegged at Rs 809.75 per share, reflecting a 6.5 per cent discount to Monday’s closing price of Rs 866.35 on the BSE. At this minimum price, the sale is expected to generate around Rs 20.65 billion for the Chinese..
Marol’s Industrial Plot Transforms into Cooling Urban Forest
A 3.5-acre industrial plot in Marol, Mumbai, has undergone a dramatic transformation into a thriving urban forest, reducing local temperatures by up to 4°C. Once a sparse, sunbaked zone in the city's industrial heartland, the site now serves as a model for climate-resilient development.The Mahatapasvi Acharya Shri Mahashramanji Garden is the result of collaboration between the Brihanmumbai Municipal Corporation (BMC), local industry stakeholders, and ecological design experts. Developed under the District Planning and Development Committee, the initiative showcases how adaptive reuse of urban..
LTIMindtree Wins $450 Million Agribusiness IT Deal
LTIMindtree has secured a landmark $450 million contract with a global agribusiness leader, marking the largest deal in the company’s history. The seven-year agreement will see the firm deploy an AI-powered operating model to provide application management, infrastructure support, and cybersecurity services.The new digital model, underpinned by platforms such as SAP S/4HANA, Microsoft Azure, and ServiceNow, as well as LTIMindtree’s proprietary AI frameworks, aims to boost the client’s operational efficiency, scalability, and global expansion capabilities.Announcing the deal on Monday, LT..
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