protean egov technologies

protean egov technologies' shares crashed 20% after the Income Tax Department didn't select them for the PAN systems modernization project. This decision wiped out the stock's yearly gains, leaving it down over 4% for the past year.

protean egov technologies' shares have plummeted over 30% in two days after the Income Tax Department rejected their bid for the PAN 2.0 systems upgrade project. This decline erases the stock's gains from the past year.

protean egov technologies secured a ₹1,160 crore contract from UIDAI to establish and manage Aadhaar Seva Kendras across 188 districts. This project involves creating infrastructure and providing services for Aadhaar enrolments and updates. With this win, Protean becomes the sole entity managing both Aadhaar and PAN services, crucial components of India's digital framework. Shares of Protean rose 1.

protean egov technologies has integrated ONDC-compliant e-commerce into Prasar Bharati's OTT platform, Waves. This allows users to shop directly within the app while watching their favorite shows. The move aims to enhance user engagement and boost e-commerce adoption through India's ONDC initiative.

The Bombay high court has ordered that numerous websites, including nameless others, refrain from breaching the copyrights and labels of UTI Infrastructure Technology and Services Ltd, the licensed organization in charge of PAN card issuance. UTI Infrastructure Technology Services Ltd filed a commercial intellectual property rights lawsuit against Extra Tech World and other unnamed websites, alleging infringement of their rights.

November is set to be a busy month for IPOs in India, with five companies, including Tata Technologies and Indian Renewable Energy Development Agency Ltd, planning to raise over Rs 7,300 crore collectively. The IPOs of Fedbank Financial Services, Flair Writing Industries, and Gandhar Oil Refinery India are also expected to open in November. This surge in IPO activity is attributed to factors such as strong post-listing returns and favorable market conditions.

Investing in a Post Office Savings Scheme? It is compulsory to submit PAN and Aadhaar details when investing in post office schemes. If any discrepancies are found, you may be unable to invest in these schemes

IPOs galore: Approximately a dozen companies are gearing up to raise over Rs 15,000 crore through public offerings. The primary market's fundraising activity remains unaffected by the recent secondary market volatility.

Bima Sugam, India's industry-owned digital insurance marketplace, is set to launch soon, with its official website going live shortly. The platform, capitalized with Rs 310 crore, aims to revolutionize insurance accessibility and affordability. Phased roll out will begin with insurer integrations, followed by customer transactions later this year.

PAN 2.0 introduces a streamlined reprint process for PAN cards, featuring an embedded QR code for enhanced security. Taxpayers can apply for a reprint through NSDL or UTIITSL for a nominal fee, receiving both physical and digital copies. The initiative aims to improve accessibility and functionality of PAN cards for various services.

LTIMindtree has secured a Rs 1,435 crore contract from the Income Tax Department to modernize PAN services. The PAN 2.0 platform, expected to launch in 18 months, will consolidate PAN and TAN services into a unified, paperless system. This upgrade aims to enhance user experience, streamline processes, and offer free allotment, updates, and corrections.

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