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Business Standard
7 days ago
- Business
- Business Standard
Jack Dorsey's Square enables bitcoin payments for merchants; details here
The feature is integrated directly into Square's payment infrastructure, allowing merchants to receive Bitcoin payments alongside traditional options like credit cards and digital wallets SI Reporter New Delhi Jack Dorsey's financial services platform, Square, has officially rolled out support for Bitcoin (BTC) payments across its merchant network. The company said that businesses using Square's point-of-sale systems can now accept Bitcoin as a form of payment. The feature is integrated directly into Square's payment infrastructure, allowing merchants to receive Bitcoin payments alongside traditional options like credit cards and digital wallets. The rollout marks a notable expansion of Square's cryptocurrency offerings, aligning with Dorsey's long-standing support for Bitcoin. However, Square has not disclosed how many merchants have opted in to accept Bitcoin so far. square sellers on bitcoin starting today — jack (@jack) July 22, 2025 Bitcoin payments on Square will be processed using the Lightning Network, which enables faster and lower-cost transactions compared to traditional Bitcoin transfers. Merchants will also have the option to automatically convert Bitcoin into fiat currency to reduce exposure to price volatility. Notably, the company is currently testing this new Bitcoin option with select businesses and plans to roll it out to more sellers by 2026, all powered by the Lightning Network to enable low-fee, near-instant transactions. Earlier, in May this year, Square announced that its parent company, Block, Inc., planned to integrate Bitcoin payments into Square's systems. "By leveraging the Lightning Network, the Square Point of Sale app will allow merchants to accept Bitcoin payments directly through their Square hardware for near-instantaneous, low-cost transactions," the company said at the time. About Square Co-founded by Jack Dorsey, Square is a US-based financial technology company that helps businesses accept payments and manage daily operations. It began with a mobile card reader that allowed small merchants to process credit card payments via smartphones. Since then, Square has evolved into a comprehensive platform offering payment solutions, point-of-sale systems, and tools for payroll, inventory, and online ordering. The company supports both in-person and digital commerce across a variety of industries. Square is a subsidiary of Block, Inc., which also owns Cash App and other fintech ventures.
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Business Standard
7 days ago
- Business
- Business Standard
This smallcap drone maker stock plunges 7% on weak Q1 show; details here
Ideaforge Technology share price tanked after posting weak set of results in the June quarter of financial year 2026 (Q1FY26). SI Reporter New Delhi Ideaforge Technology share price: Ideaforge Technology share price was under pressure on Wednesday, July 23, 2025, with the scrip dropping 7.01 per cent to an intraday low of ₹506.25 per share. At 10:00 AM, Ideaforge Technology share price was trading 5.79 per cent lower at ₹512.90. In comparison, BSE Sensex was trading 0.20 per cent higher at 82,348.30 levels. What led to the fall in Ideaforge Technology share price today? Ideaforge Technology share price tanked after posting weak set of results in the June quarter of financial year 2026 (Q1FY26). The company posted a net loss of ₹25.9 crore in the June quarter of FY26, as against a profit of ₹1.1 crore in the same quarter last year (Q1FY25). The revenue, too, dipped 85.2 per cent year-on-year (Y-o-Y) to ₹12.7 crore in Q1FY26, from ₹86.1 crore in the same quarter previous fiscal year. At the operating level, Ideaforge Technology posted an Ebitda loss of ₹15.14 crore in Q1FY26. Despite the weak Q1 show, Ankit Mehta, CEO of Ideaforge Technology said, 'The first quarter of FY2026 marked a positive start for the financial year and reinforced ideaForge's resilience: both in technology and in business. ideaForge secured a significant ₹137 crore order under the Government's 5th cycle of Emergency Procurement. This order followed rigorous technical evaluations and country-of-origin checks, highlighting our standing as a trusted partner to the Indian armed forces. The quarter also saw our platforms play a role in Operation Sindoor, proving effective in the high-stakes battlefield scenario, reaffirming the resilience of our indigenous product development and deep-tech foundation. He added, 'Post-Operation Sindoor, government procurement has received a major boost, with the allocation of ₹40,000 crore for the 6th cycle of Emergency Procurement for the armed forces. Additionally, the government has announced an RDI Fund of ₹1 lakh crore, which will further boost innovation efforts in the industry. The next phase of PLI is also expected to be rolled out for drone manufacturers, which will be a major tailwind for the industry and ideaForge. Our strategic and operational efforts are well on track, and we are committed to delivering long-term and meaningful value to our stakeholders.' ALSO READ | About Ideaforge Technology ideaForge is a pioneer and market leader in India's unmanned aircraft systems (UAS) sector, with the largest deployment of indigenous drones across the country. Backed by prominent investors such as Qualcomm, Infosys, and Florintree, the company has established a strong presence in both civil and military drone applications. ideaForge UAVs are widely used for surveillance and mapping, with one of its drones taking off every three minutes across India. In 2024, ideaForge was ranked third globally among top dual-use (civil and defence) drone manufacturers by Drone Industry Insights, a leading global drone market research firm.
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Business Standard
15-07-2025
- Business
- Business Standard
Tejas Networks slips 10%, hits 52-wk low on weak Q1; revenue tanks 87% YoY
Tejas Networks share price tanked on the back of weak set of results in the June quarter of financial year 2026 (Q1FY26). SI Reporter New Delhi Tejas Networks share price: Tejas Networks share price was under pressure on Tuesday, July 15, 2025, with the scrip tanking up to 9.97 per cent to hit an intraday low of ₹629.65 per share. At 10:10 AM, Tejas Networks share price was trading 6.40 per cent lower at ₹654.65. In comparison, BSE Sensex was trading 0.16 per cent higher at 82,383.84 levels. Why did Tejas Networks slip in trade today? Tejas Networks share price tanked on the back of weak set of results in the June quarter of financial year 2026 (Q1FY26). The company reported a consolidated loss of Rs ₹193.87 crore in the June quarter of FY26, as against a profit of ₹77.48 crore in the same quarter last year (Q1FY25). The company's revenue from operations nosedived about 87 per cent year-on-year (Y-o-Y) to ₹202 crore in Q1FY26, from ₹1,563 crore Q1FY25. Sumit Dhingra, CFO of Tejas Networks, said, "In Q1FY26 we had a revenue of ₹202 crore and a net loss of ₹194 crore, largely due to lower revenue. We ended the quarter with an order book of ₹1,241 crore, representing a Q-o-Q growth of 22 per cent. With the award of the expansion order of 18,685 sites of BSNL 4G to TCS, we expect to receive the corresponding PO for supply of RAN equipment worth ₹1,526 crore." "In Q1FY26, we signed strategic partnerships with Rakuten Symphony for developing O-RAN solutions, and with Intel and some mobile phone manufacturers for adopting our D2M chipsets. These partnerships enhance our Go-to- Market initiatives in international markets. We won orders for our Routers for Bharatnet- phase 3 and Optical equipment from private operators in India. Our shortfall in revenue was due to delays in the receipt of a few purchase orders, including the expansion order from BSNL,' said Arnob Roy, COO of Tejas Networks. ALSO READ | About Tejas Networks Tejas Networks, a Tata Group company, is a among the leading Indian telecom and networking solutions provider specialising in the design, development, and manufacturing of advanced wireless (4G/5G) and wireline (optical transmission and switching) products. Known for its strong R&D-driven approach, Tejas holds a top-10 global ranking in optical aggregation and broadband access, with over 520 patents filed to date. With a presence in more than 75 countries, Tejas Networks serves a wide range of clients, including telecom operators, ISPs, utilities, and government and defense agencies. The company focuses on building next-generation, high-capacity, and secure communication networks. Recent collaborations, such as its partnership with Intel to bring Direct-to-Mobile (D2M) capability to laptops, underscore its commitment to innovation and cutting-edge solutions.
Business Standard
14-07-2025
- Business
- Business Standard
BEML share price pops over 2% as board to consider stock-split on July 21
BEML share price popped after the company announced that it will consider sub-division / split of equity shares (stock-split) on July 21, 2025. SI Reporter New Delhi BEML share price: BEML share price rose in a weak market, with the stock rising as much as 2.32 per cent to an intraday high of ₹4,528.90 per share. At 9:45 AM, BEML share price was off day's high, but continued to trade 1 per cent higher at ₹4,470. In comparison, BSE Sensex was trading 0.3 per cent lower at 82,237.62 levels. Why did BEML share price rise today? BEML share price popped after the company announced that it will consider sub-division / split of equity shares (stock-split) on July 21, 2025. BEML, via an exchange filing said, 'We hereby intimate that a Board Meeting of BEML Limited will be held on Monday, the July 21, 2025, inter-alia, to …sub-division / split of equity shares of the company pursuant to the provisions of section 61(1)(d) of the Companies Act, 2013.' A stock-split involves dividing existing shares into smaller units, increasing the number of shares without altering the overall value. BEML Q4 results BEML reported a 11.97 per cent year-on-year (Y-o-Y) rise in its profit after tax (PAT) at ₹287.55 crore for the fourth quarter of financial year 2024-25 (Q4FY25), up from ₹256.80 crore in the same period last year (Q4FY24). The public sector undertaking's (PSU) revenue from operations grew 9.18 per cent Y-o-Y to ₹1,652.53 crore in Q4FY25, compared to ₹1,513.65 crore in Q4FY24. Total income for the quarter stood at ₹1,656.67 crore, marking a 9 per cent increase from ₹1,518.52 crore a year ago. Total expenses rose 9 per cent Y-o-Y to ₹1,261.37 crore in the quarter, against ₹1,170.57 crore in the corresponding period last year. About BEML BEML Limited, formerly known as Bharat Earth Movers Limited, is an Indian public sector undertaking established in May 1964 and headquartered in Bengaluru. The company is a key player in India's infrastructure and defence sectors, manufacturing heavy equipment for mining, construction, defense, and rail & metro applications. It operates through three core business verticals, Defence and Aerospace, Mining and Construction, and Rail and Metro. BEML has four major manufacturing facilities located in Bangalore, Kolar Gold Fields (KGF), Mysuru, and Palakkad, supporting its wide-ranging production capabilities. The company's product portfolio includes dozers, dumpers, excavators, and shovels for mining and construction, ground support equipment for the defense sector, and rail coaches and metro cars for urban transportation. The market capitalisation of BEML is ₹18,652.99 crore, according to BSE. The company falls under the BSE 500 index category.
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Business Standard
09-07-2025
- Business
- Business Standard
5Paisa Capital share price tanks 6% as Q1FY26 profit falls 42% YoY; details
5Paisa Capital share price fell after reporting a weak set of results in the first quarter of financial year 2026 (Q1FY26). SI Reporter New Delhi 5Paisa Capital share price: 5Paisa Capital share price was under pressure on Wednesday, July 9, 2025, with the stock dropping up to 5.98 per cent to hit an intraday low of ₹391 per share. At 10:00 AM, 5Paisa Capital share price was trading 3.29 per cent lower at ₹402.20. In comparison, BSE Sensex was trading 0.08 per cent lower at 83,649.08 levels. Why did 5Paisa Capital share price slip in trade today? 5Paisa Capital share price fell after reporting a weak set of results in the first quarter of financial year 2026 (Q1FY26). The company's income dropped 24 per cent year-on-year (Y-o-Y) to ₹77.8 crore in the June quarter of FY26 (Q1FY26), from ₹102.3 crore in the same quarter last year (Q1FY25). Profit before tax (PBT) plunged 42 per cent Y-o-Y to ₹15.5 crore in Q1FY26, from ₹26.9 crore in the same quarter last year. Profit after tax, too, dropped 42 per cent Y-o-Y to ₹11.5 crore, from ₹20.1 crore a year ago. Total comprehensive income also saw a 43 per cent drop to ₹11.5 crore in Q1FY26, from ₹20.1 crore in the same quarter last year. However, the sequential performance was far better. For the quarter ended June 30, 2025, the company reported a total income of ₹77.8 crore, marking a 9 per cent quarter-on-quarter (Q-o-Q) increase from ₹71.4 crore in the previous quarter (Q4FY25). Profit before tax rose 15 per cent Q-o-Q to ₹15.5 crore from ₹13.5 crore in Q4FY25, while profit after tax also increased 15 per cent to ₹11.5 crore from ₹10.1 crore in Q4FY25. On Q1 show, Gaurav Seth, managing director and CEO, 5paisa Capital said, 'Q1FY26 began on a strong note for both investors and the broking industry. Easing global uncertainties and stronger domestic economic indicators led to improved investor sentiment. During the quarter, both the Nifty and Sensex indices posted a significant recovery, rising 16 per cent from their recent lows. Additionally, retail premium turnover volume at the exchange level also improved. These positive developments contributed to a 9 per cent growth (Q-o-Q) in our Income and a 15 per cent growth (Q-o-Q) in profitability.' 'We remain focused on launching new product features, upgrading our technology platforms, and integrating AI to enhance the investing and trading experience. Our continued emphasis on quality customer acquisition and innovation is expected to further accelerate business momentum in the coming quarters,' Seth added. About 5Paisa Capital 5paisa Capital is a digital-first financial services company offering a wide range of investment and trading solutions through its online platforms and mobile apps. Registered with Sebi as a stockbroker, depository participant, and research analyst, and with AMFI as a mutual fund distributor, the company caters primarily to retail investors and active traders seeking low-cost, DIY (Do-It-Yourself) investment services. Its technology-driven platform enables clients to trade on NSE and BSE, access research-backed advisory services, and avail integrated depository solutions. With a strong focus on innovation and customer-centric technology, 5paisa has built a robust ecosystem featuring a powerful trading interface, AI-enabled robo-advisory tools, a seamless paperless account opening process, and a feature-rich mobile application.
