The financial arm of Paytm, India’s biggest digital payments platform, Paytm Payments Bank is set to launch their own debit card. Paytm founder Vijay Sekhar Sharma took to Facebook to announce the arrival of these RuPay cards.
According to reports, One97 Communications founder Vijay Sekhar Sharma and other existing investors have invested close to $ 9.3 million in the Payments Bank for launching their own ATM cards. The card will let users pay in places where there is no option to pay via Paytm. According to a statement released by Payments Bank, they can now accept customer deposits up to Rs. 1 lakh per customer in both savings and current accounts.
In the documents filed at the Ministry of Corporate Affairs, Paytm Payments Bank said “…the consent of the Board is hereby accorded to issue on a right basis, 6,00,00,000 equity shares of the company of the face value of Rs. 10 to the investor….” The filings also reveal the board approved the issue of the equity shares on July 25, 2017.
In this round of investment, Vijay Sharma invested Rs. 30 crores whereas One97 Communications invested Rs. 23 crores and the remaining amount, close to Rs. 7 crores was invested by One97 Communications India. Sharma will be issued 30.6 million shares as a part of this round of funding while One976 communications has been allotted around 23.4 million shares.
The new Paytm debit card will allow users to shop from rival ecommerce sites or book a cab from aggregators other than Uber using their Paytm money. The Paytm Payments Bank operations were launched earlier this year and is a first mobile bank with zero charges on all online transactions and no minimum balance requirement. The bank received an initial investment of $ 34.2 million at the time of its launch in May. Sharma is the majority shareholder of the Nodia headquartered firm, while Alibaba backed One97 Communications holds the rest of the shares. The new debit card, as per their website, will also include a free insurance cover of up to $ 3,116, close to Rs. 2 lakhs, in the incident of death or permanent total disability.
CoRover has launched BharatGPT Mini, India’s first offline multilingual AI model, at VivaTech 2025 in Paris, with the event officiated by Union Minister Jitin Prasada. This innovative Small Language Model (SLM), featuring around 534 million parameters, is specifically designed for edge devices and low-compute environments, enabling robust AI capabilities without the need for cloud connectivity. Its ability to function entirely offline and support 14 Indic languages makes it a powerful tool for digital inclusion, particularly in rural and remote regions where internet access is limited.
BharatGPT Mini’s architecture is optimized for deployment across various sectors, including healthcare, education, banking, and governance, allowing citizens to interact with essential services in their native languages. The model can be integrated into small businesses, government offices, and other organizations through the CoRover Builder platform, which offers a no-code solution for deploying AI assistants across web, telephony, and IoT systems. By processing data locally and encrypting it on-device, BharatGPT Mini ensures strong privacy and data sovereignty, aligning with India’s strategic goal of developing indigenous AI solutions.
The launch has garnered strong support from both the Indian government and industry leaders, who see BharatGPT Mini as a catalyst for democratizing access to digital services. CoRover anticipates significant growth in the adoption of Small Language Models, with early feedback indicating a substantial increase in project demand. As CoRover looks to expand its expertise globally, BharatGPT Mini stands out as a scalable, multilingual, and privacy-centric solution, setting a new standard for inclusive and sovereign AI innovation in India’s diverse landscape.
Kerala-based startup E-Quark Molecule Innovations Pvt Ltd, headquartered in Thrissur, has introduced an innovative device called Keratin that combines a mobile phone holder with a built-in charger. This unique gadget is designed to offer users a convenient solution to hold and charge their smartphones simultaneously, addressing the common challenge of managing power supply while using mobile devices.
The device enhances user experience by integrating two essential functions into one compact design. It securely holds the phone while providing efficient charging, making it perfect for use on desks, bedside tables, or other personal spaces where easy access and power are needed. This innovation aligns with the growing trend of multifunctional mobile accessories that prioritize both convenience and practicality.
E-Quark Molecule Innovations is a key player in Kerala’s dynamic startup ecosystem, which has been rapidly expanding in tech-driven areas such as electric vehicle charging infrastructure. With the launch of this mobile holder-charger, the company is establishing itself as a leader in user-centric mobile accessories, further cementing Kerala’s position as a hub for cutting-edge technology development.
Instagram is rolling out two major features in June 2025 that promise to give users unprecedented creative control and privacy: grid rearranging and silent posting. The long-awaited grid rearranging tool allows users to freely drag and drop posts anywhere on their profile grid, breaking away from the traditional chronological order. This means users can now curate their profiles for a more visually appealing or thematic presentation, without the hassle of deleting and reposting content—an update especially welcomed by brands, creators, and anyone meticulous about their digital aesthetic.
In tandem, Instagram is introducing the “Post quietly to profile” feature, which lets users add photos and videos to their grid without notifying followers or pushing the content to their feeds. This silent posting option is ideal for those who want to document moments privately, experiment with new content, or maintain a cohesive grid without spamming their audience. It’s designed to reduce the pressure of public sharing, making Instagram a more comfortable space for personal expression and experimentation.
These updates reflect Instagram’s commitment to user empowerment and flexibility, responding directly to years of feedback. As Instagram head Adam Mosseri stated, the goal is to help users “create and share without added pressure,” giving them more freedom over how their content appears and how they engage with their audience.
