India Business News: Anand Mahindra has pledged Rs 500 crore to the upcoming Mahindra University in Hyderabad. This amount is 10 times the Rs 48 crore ($10 million in 2010
Paytm expects a hit on its Ebitda after the Reserve Bank of India halted its banking business. Paytm will continue its merchant payment business through third-party banks and its offline merchant payment network offerings.
BL Agro plans to invest Rs 500 crore in Telangana and has signed an initial pact with the state government to set up a manufacturing plant to make various food products. The company said in a statement that it has signed a memorandum of understanding (MoU) with Telangana Chief Minister Anumula Revanth Reddy to set up a manufacturing unit in the state.