Ashok Leyland Hinduja: A payment security mechanism is essentially a payment security fund that provides interest-free capital in case of default in payments. In the case of electric buses, the onus of unhampered payments to the service provider lies on the state transport undertakings (STUs).
On Wednesday, the indices opened gap up and ended with gain. On the National Stock Exchange (NSE), advance decline ratio was at 1.57 indicating continued positive sentiment among investors.