Paytm to Finalize Rs.100 Crore Investment in Gift City

26 Aug 2024 CW Team

Paytm has announced plans to finalize its "100 crore investment in Gujarat's Gift City over the next six months. This investment is part of Paytm's strategy to strengthen its presence in India's burgeoning financial services and technology sectors.

Gift City, a smart city project in Gujarat, aims to be a global financial and technology hub. By investing in this development, Paytm seeks to leverage the city's infrastructure and business-friendly environment to expand its operations and enhance its service offerings.

The investment will be directed towards establishing advanced facilities and infrastructure within Gift City. This includes setting up state-of-the-art offices and technology centers that will support Paytm's various business functions and contribute to its growth in the financial technology sector.

Paytm's commitment to Gift City underscores its strategic focus on innovation and expansion. The move is expected to provide a significant boost to the company's operations, offering access to a world-class business environment and positioning Paytm at the forefront of India's financial services landscape.

The investment is anticipated to have broader economic impacts, including job creation and the stimulation of local business activities. It aligns with Gujarat's vision of developing Gift City into a premier financial and technology hub, attracting global investments and fostering economic growth.

Overall, Paytm's "100 crore investment in Gift City marks a significant step in its expansion strategy, reinforcing its role in India's evolving financial and technology sectors and contributing to the broader development goals of the region.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..