DPIIT, Paytm Partner to Boost Manufacturing and Fintech Startups

28 Feb 2025 CW Team

New Delhi, Feb 26, 2025: The Department for Promotion of Industry and Internal Trade (DPIIT) has signed an MoU with Paytm (One97 Communications Ltd) to drive innovation and accelerate the growth of India’s manufacturing and fintech startup ecosystem.

Under this collaboration, Paytm will offer mentorship, infrastructure support, market access, and funding opportunities, helping startups scale and develop advanced financial technology solutions. The initiative also aims to support fintech hardware startups by providing regulatory guidance, compliance assistance, and product validation through Paytm’s extensive merchant network.

The MoU was signed by Dr. Sumeet Kumar Jarangal, Director, DPIIT, and Vijay Shekhar Sharma, Founder & CEO of Paytm, in the presence of senior officials from both organisations. Joint Secretary Sanjiv highlighted the partnership’s importance in strengthening India’s startup ecosystem, while Vijay Shekhar Sharma emphasied Paytm’s commitment to empowering entrepreneurs with mentorship, financial support, and cutting-edge technology.

As part of its Paytm for Startups initiative, the company will launch dedicated programs to support fintech hardware manufacturers like Soundbox and PoS/EDC device makers. These efforts include investor connections, incubation programs, and industry-focused workshops. Through its CSR arm, Paytm Foundation will also nurture deep-tech startups in Climate Tech, Web3, Agritech, and Mobility.

This collaboration reinforces DPIIT and Paytm’s shared vision of positioning India as a global innovation hub and driving economic growth through technological advancements.

(PIB)

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..