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Business Economy

Paytm introduces contactless ticketing for state-run buses for safe city commuting

Kolkata, Jun 16 (UNI) India's leading financial services platform Paytm today announced that it has launched a contactless ticket buying facility for state-run local transport buses and promote safe intracity travel.
The company is enabling it's innovative QR based payments service on the buses combining it with the Paytm Soundbox for buying tickets.
Paytm is in talks with 20 state transport departments and is joining in their efforts to ensure that citizens are able to travel safely within cities following all social distancing norms.
The company aims to enable contactless ticket-buying facility in over 20,000 state-run busses in the first phase of going live with this service.
Paytm has already started running pilots with some of the states including Tamil Nadu which has launched this service in Chennai in association with the Metropolitan Transport Corporation.
The company said it has put its QR at various convenient locations on the buses which passengers can easily scan and make payments for tickets.
The driver will have Paytm Soundbox installed on the dashboard which will inform the conductor every time someone pays for a ticket.
The QR code powered by Paytm accepts all types of digital payment apps - wallet, cards, UPI.
Abhay Sharma, Sr vice-president - Paytm - said, "The core idea behind contactless payments is to promote social distancing and save lives. With the government gradually unlocking the country and encouraging people to safely commute within the city, we believe our solution will immensely help to ensure the safety of citizens. We urge state transport departments to take a step in this direction and promote contactless payments for travel ticketing."
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Indoco Remedies receives USFDA approval for Olanzapine Tablets

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06 Aug 2020 | 3:09 PM

Mumbai, Aug 6 (UNI) Pharma major, Indoco Remedies said that company has received the approval for its ANDA for Olanzapine Tablets USP 2.5mg, 5mg, 7.5 mg, 10mg, 15mg and 20 mg from USFDA.

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Rupee ends flat at 74 93 against USD

06 Aug 2020 | 3:06 PM

Mumbai, Aug 6 (UNI) The Rupee on Thursday ended almost steady at 74.83, marginally up by one paisa against the US Dollar on selling US Dollar by bankers and exporters, dealers at the Forex Market said.

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Enough export orders but not enough manpower, say jewellery manufacturers

06 Aug 2020 | 2:56 PM

Kolkata, Aug 06 (UNI) The gems and jewellery industry, which is witnessing an increase in export orders, is facing challenging times due to lack of skilled manpower as workers are either unable to come back due to transportation restrictions or reluctant to leave their families in times of crisis, the Gem & Jewellery Export Promotion Council (GJEPC) said.

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Steel Strips Wheels bags export orders for 6000 wheels from US

Steel Strips Wheels bags export orders for 6000 wheels from US

06 Aug 2020 | 2:56 PM

Mumbai, Aug 6 (UNI) Steel Strips Wheels Ltd (SSWL) said that it has bagged firm export orders for over 6,000 wheels for US Truck and Caravan Trailer Market to be executed in August from its Chennai plant.

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Glenmark introduces higher strength (400 mg) of FabiFlu® to reduce pill burden of COVID-19 treatment

06 Aug 2020 | 2:54 PM

MUMBAI, India, Aug 6, 2020 /PRNewswire/ - Glenmark Pharmaceuticals, a research-led, integrated global pharmaceutical company, today announced that it will introduce a 400 mg version of oral antiviral FabiFlu®, for the treatment of mild to moderate COVID-19 in India. The higher strength will improve patient compliance and experience, by effectively reducing the number of tablets that patients require per day.

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