eNews
Entertainment Network offloads three radio stations for Rs 12.6 crore
MUMBAI: Entertainment Network (India) Ltd is selling three of its radio stations to Abhijit Realtors & Infraventures Pvt Ltd in a Rs 12.6 crore deal, the company disclosed to stock exchanges on 16 November.
The transaction covers FM stations in Kanpur (91.9 FM), Lucknow (107.2 FM) and Nagpur (91.9 FM)—though not the intellectual property or trademarks.
The three stations generated a mere Rs 2.85 crore in turnover during the last financial year, representing just 0.55 per cent of the company’s total revenue. Their net worth contribution was negligible.
Abhijit Realtors, incorporated in 2007 with a paid-up capital of Rs 2.7 crore, operates in real estate, radio and entertainment. The buyer is not connected to Entertainment Network’s promoter group. The deal includes Rs 3 crore upfront at term sheet execution, with the balance paid in tranches.
The committee of directors approved the memorandum of understanding at a 25-minute meeting on Saturday. Completion is expected by 30 September 2026, subject to approval from the ministry of information and broadcasting and other conditions.
Entertainment Network’s shareholding pattern remains unchanged. The company’s strategy is clear: monetise assets that don’t move the needle, and move on.
eNews
PNB partners Kiwi to launch credit-enabled UPI for users
Targets 180 million customers; RuPay card offers 0.5 per cent to 1.5 per cent cashback
MUMBAI: Swipe, tap, or scan credit is quietly slipping into the rhythm of everyday payments, and Punjab National Bank wants in on the action. The state-run lender has partnered with Kiwi to roll out credit-enabled UPI payments for its 180 million customers, marking a significant push to blend traditional banking with India’s fast-evolving digital payments ecosystem.
At the centre of the collaboration is the launch of the PNB Kiwi Credit Card on the RuPay network. The card is designed with a digital-first approach, offering fully online onboarding and seamless integration with UPI, allowing users to transact via scan-and-pay while accessing credit.
The offering also brings in a rewards layer, with cashback ranging from 0.5 per cent to 1.5 per cent on online transactions, positioning the product as both a convenience play and a spending incentive.
The move comes as UPI continues to dominate India’s digital payments landscape, increasingly blurring the lines between debit-led transactions and credit access. For PNB, which operates over 10,000 branches around 60 per cent in semi-urban and rural areas, the partnership signals a targeted effort to extend formal credit to segments that have traditionally remained underserved.
The collaboration also reflects a broader industry shift, where banks and fintech platforms are converging to embed credit directly into payment flows, reducing friction while expanding access.
With RuPay credit cards gaining traction and UPI evolving beyond peer-to-peer transfers, the PNB–Kiwi tie-up positions both players at the intersection of scale, accessibility, and the next phase of digital finance in India.
