Paytm share price: Paytm shares hit a 52-week high after its Singapore unit agreed to sell its stake in P ...More

Paytm share price: Paytm shares hit a 52-week high after its Singapore unit agreed to sell its stake in PayPay for ?2,364 crore. The deal, expected to close by December 2024, will strengthen Paytm's financial position. While the company reported a profit in Q2 FY25, its revenue declined year-on-year. ...Less

Paytm's sale aligns with its strategy to offload non-core assets and bolster its capital base as it prior ...More

Paytm's sale aligns with its strategy to offload non-core assets and bolster its capital base as it prioritizes scaling its core payments business after a tough year. Recently, the fintech firm sold its entertainment ticketing arm, Paytm Insider, to Zomato for Rs 2,048 crore. ...Less

One of the most misused and misunderstood ratios is the price to earnings ratio, commonly referred to as ...More

One of the most misused and misunderstood ratios is the price to earnings ratio, commonly referred to as the PE ratio. Consider this: In 2014, a company whose stock price was Rs. 473, had a PE ratio of 44. Cut to December 2024. The stock price is Rs. 2,100, after touching a high of Rs. 2,700 in September, and the PE ratio is 62. Going by conventional wisdom, you would have not bought the stock in 2014. But you would then have missed creating wealth. Now valuation is a combination of numbers and narratives. There is only one way to find value – and multiple ways to evaluate. Join ETMarket’s four-day Value and Valuation workshop for a dive into value investing principles and its application in the real world. ...Less

Larsen and Toubro (L&T) has overturned a Rs 702 crore customs duty demand following a favourable ruling f ...More

Larsen and Toubro (L&T) has overturned a Rs 702 crore customs duty demand following a favourable ruling from the Central Excise & Service Tax Appellate Tribunal. ...Less

Indian markets declined sharply on Tuesday due to concerns about the US Fed's rate decision and a weak ru ...More

Indian markets declined sharply on Tuesday due to concerns about the US Fed's rate decision and a weak rupee. Selling pressure was seen across sectors, with heavyweight financials and blue-chip stocks leading the decline. Investors are cautious ahead of key central bank decisions from the US, Japan, and the UK. ...Less

Paytm shares hit a 52-week high after UBS raised its target price to Rs 1,000, maintaining a 'Neutral' st ...More

Paytm shares hit a 52-week high after UBS raised its target price to Rs 1,000, maintaining a 'Neutral' stance. The brokerage anticipates revenue-driven growth as cost optimization plateaus. Bernstein also increased its target to Rs 1,000, highlighting potential upside and downside scenarios. Paytm launched an automatic top-up for UPI LITE, streamlining small-value transactions. ...Less

Paytm shares surged over 4% to reach a 52-week high of Rs 939 on Monday after announcing the launch of an ...More

Paytm shares surged over 4% to reach a 52-week high of Rs 939 on Monday after announcing the launch of an automatic top-up feature for its UPI LITE service. This feature enables PIN-less transactions for payments under Rs 500. Currently available to select Yes Bank and Axis Bank users, it automatically recharges the UPI LITE balance when it falls below a set limit. ...Less

Shares of Zomato, Paytm, Jio Financial, and 52 other companies will be in focus on Friday after BSE revis ...More

Shares of Zomato, Paytm, Jio Financial, and 52 other companies will be in focus on Friday after BSE revised the circuit limits. The price band for 46 stocks, including Zomato, Paytm, and Nykaa, has been set to 10%. Four stocks will have a 5% limit, and five others will see their limits adjusted to 2%. ...Less

Bernstein raises Paytm target price to Rs 1,000, maintaining 'Outperform' rating. Optimistic outlook with ...More

Bernstein raises Paytm target price to Rs 1,000, maintaining 'Outperform' rating. Optimistic outlook with potential 100% upside, but downside risk of 40% in bear case. Shares rise 2%. ...Less

BSE has revised the circuit limits for 55 stocks. This includes companies like Angel One, Adani Total Gas ...More

BSE has revised the circuit limits for 55 stocks. This includes companies like Angel One, Adani Total Gas, and Cyient. The price band limit is set to 10% for most stocks. Four stocks get a 5% limit and five get a 2% limit. These adjustments are to manage risk and curb excessive volatility. ...Less

Indian equity benchmarks Sensex and Nifty experienced a decline on Thursday, influenced by a sharp drop i ...More

Indian equity benchmarks Sensex and Nifty experienced a decline on Thursday, influenced by a sharp drop in Adani group stocks. Market analyst Riyank Arora suggests a buy-on-dips approach for Paytm and recommends buying IndiGo at the current market price. However, he advises caution for Varun Beverages, suggesting investors wait for lower levels before considering long positions. ...Less

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Investec has initiated coverage on Adani Energy with a "Buy" recommendation, citing significant opportuni ...More

Investec has initiated coverage on Adani Energy with a "Buy" recommendation, citing significant opportunities in the transmission and smart metering segments ...Less

Equity indices Sensex and Nifty rose nearly 1% each. Paytm showed strength near its 52-week highs. It tar ...More

Equity indices Sensex and Nifty rose nearly 1% each. Paytm showed strength near its 52-week highs. It targets 1000 and 1111 with support at 850 and 822. LIC rebounded from 860-880, setting resistance at 1000. NCC formed a double bottom pattern with potential breakout above 321, targeting 360 and 400, with support at 298 and 288. ...Less

Leading exchange BSE has revised the price band of Adani Total, Paytm, LIC, Jio Financial, Angel One, Zom ...More

Leading exchange BSE has revised the price band of Adani Total, Paytm, LIC, Jio Financial, Angel One, Zomato among 55 stocks to 10% with effect from November 29. ...Less

Travel bookings surged 44% in 2024, with concerts driving much of the increase, according to Paytm. Mumba ...More

Travel bookings surged 44% in 2024, with concerts driving much of the increase, according to Paytm. Mumbai and Dubai topped destination searches, while younger travelers favored affordable bus trips and pilgrimages. Long weekends and visa-free options like Almaty and Kenya also proved popular. A Delhi-to-Gwalior flight for just Rs 1,300 highlighted budget-friendly air travel. ...Less

Zomato shareholders have overwhelmingly approved a plan to raise ?8,500 crore ($1 billion) through a new ...More

Zomato shareholders have overwhelmingly approved a plan to raise ?8,500 crore ($1 billion) through a new share sale. The move aims to bolster the Indian food delivery giant's finances amid fierce competition in the rapidly expanding quick-commerce sector. ...Less

Indian equity markets rebounded strongly this week, with the Sensex closing nearly 2% higher. Small-cap s ...More

Indian equity markets rebounded strongly this week, with the Sensex closing nearly 2% higher. Small-cap stocks led the rally, with Banco Products gaining nearly 35%. Analysts caution that more clarity is needed to confirm a trend reversal, with upcoming election results and economic data being key factors to watch. ...Less

The online entertainment ticketing platform could face rising competition from Zomato’s going-out busines ...More

The online entertainment ticketing platform could face rising competition from Zomato’s going-out business following its acquisition of Paytm's events and ticketing business in August for Rs 2,048 crore. Also, this year, BookMyShow is organising big music concerts including that of popular British band Coldplay. ...Less

A Bengaluru bike taxi driver's claimed earnings of Rs 80,000-85,000 monthly have ignited online debate. T ...More

A Bengaluru bike taxi driver's claimed earnings of Rs 80,000-85,000 monthly have ignited online debate. The driver works 13 hours daily for platforms like Uber and Rapido. Paytm CEO Vijay Shekhar Sharma shared the video. The video sparked discussions about gig economy earnings. Some praised the opportunities while others questioned the claim's validity. Many acknowledged the driver's hard work. ...Less

Paytm shares rise nearly 11% in one week after securing NPCI approval for onboarding new UPI users and re ...More

Paytm shares rise nearly 11% in one week after securing NPCI approval for onboarding new UPI users and reporting a net profit of Rs 928.3 crore for Q2 FY2024, bolstered by a one-time gain from selling its entertainment ticketing business. Analysts highlight significant business and profitability improvements. ...Less

On Saturday, in a stock exchange filing, the Noida-based fintech announced that the shares will be transf ...More

On Saturday, in a stock exchange filing, the Noida-based fintech announced that the shares will be transferred to SoftBank Vision Fund 2. The deal values PayPay at 1.06 trillion Japanese yen (approximately $7 billion). This comes after Paytm divested its entertainment and ticketing business Paytm Insider to Zomato for Rs 2,048 crore. ...Less

Paytm's parent company, One97 Communications, is selling its 5.4% stake in Japanese payment firm PayPay t ...More

Paytm's parent company, One97 Communications, is selling its 5.4% stake in Japanese payment firm PayPay to SoftBank for approximately $280 million. This transaction values PayPay at around $7 billion and adds to Paytm's growing cash reserves, following a recent divestment of its entertainment business. ...Less

Paytm Share Price: One97 Communications shares fell 4% ahead of its quarterly results announcement. Analy ...More

Paytm Share Price: One97 Communications shares fell 4% ahead of its quarterly results announcement. Analysts forecast a YoY revenue increase of up to 16%, but expect losses to widen to Rs 660 crore. ...Less

Nuvama has maintained a 'buy' rating on Zomato, raising the target price to Rs 325, citing growth momentu ...More

Nuvama has maintained a 'buy' rating on Zomato, raising the target price to Rs 325, citing growth momentum and faster Blinkit dark store additions. However, profitability may need more upfront costs. Conversely, Macquarie retains an underperform rating, highlighting concerns over margin expansion and unit economics amid rising competition. ...Less

Paytm founder and CEO Vijay Shekhar Sharma said that technology companies will become stronger with the a ...More

Paytm founder and CEO Vijay Shekhar Sharma said that technology companies will become stronger with the adoption of tech. He also added, during his session on Digital Transformation, that anything that is to be accomplished physically or mentally will be replaced by AI like car driving and writing code. ...Less

Brokerage firms CLSA and Investec have assigned buy ratings to Paytm and TVS Motor, respectively. Additio ...More

Brokerage firms CLSA and Investec have assigned buy ratings to Paytm and TVS Motor, respectively. Additionally, Macquarie and CLSA have given outperform ratings to SBI Life and Sona BLW, while Jefferies has issued a buy recommendation for Godrej Properties. ...Less

The Indian equity market showed mixed performance in November, grappling with concerns over weak Q2 earni ...More

The Indian equity market showed mixed performance in November, grappling with concerns over weak Q2 earnings and sustained foreign outflows. ...Less

Paytm Share Price: Shares of One 97 Communications' Paytm rose 5% on NPCI's approval for onboarding new U ...More

Paytm Share Price: Shares of One 97 Communications' Paytm rose 5% on NPCI's approval for onboarding new UPI users, post-RBI's earlier restrictions. NPCI's nod mandates compliance with various guidelines. Paytm also reported a significant PAT boost in Q3 FY2024 due to a one-time gain from selling its entertainment ticketing business to Zomato. ...Less

The Indian market is predicted to open lower on Monday, influenced by global trends. Analysts suggest a t ...More

The Indian market is predicted to open lower on Monday, influenced by global trends. Analysts suggest a trading range between 23,700 to 24,500 for Nifty. Expert recommendations include buying opportunities for stocks like BSE, Paytm, CDSL, Wipro, NALCO, and Bank of Baroda, with specified target prices and stop-loss levels. ...Less

The Indian market is expected to rise on Monday, following positive global cues. Nifty futures closed dow ...More

The Indian market is expected to rise on Monday, following positive global cues. Nifty futures closed down 0.97% at 24,215. Options data indicates a trading range between 23,800 and 24,500. Experts recommend various stocks for short-term trading, including Indian Hotels, Sundaram Finance, and HDFC Bank, with specific targets and stop-loss levels provided. ...Less

Over 100 Indian CEOs and leaders, including Chief Ministers Fadnavis, Naidu, and Reddy, will join the 202 ...More

Over 100 Indian CEOs and leaders, including Chief Ministers Fadnavis, Naidu, and Reddy, will join the 2025 World Economic Forum in Davos. They will discuss India's economic blueprint, global growth, and collaborative innovation in the intelligent age alongside nearly 50 heads of state. ...Less

Paytm's Singapore subsidiary is selling its stake in Japanese payments firm PayPay Corporation, pending a ...More

Paytm's Singapore subsidiary is selling its stake in Japanese payments firm PayPay Corporation, pending approvals. This move is expected to boost Paytm's cash reserves. The sale, potentially to SoftBank for $250 million, follows Paytm's earlier sale of its ticketing business to Zomato. Paytm's stock price saw a 2% intra-day increase following the news. ...Less

Indian unicorns saw a 4.5% average attrition rate over the past year, with a net decrease of about 6,700 ...More

Indian unicorns saw a 4.5% average attrition rate over the past year, with a net decrease of about 6,700 employees. Despite overall decline, hiring surged in March 2024, led by companies like Paytm and BigBasket. Delhi-NCR experienced the highest workforce growth, while Mumbai, Pune, and Hyderabad saw reductions. ...Less

Shares of One97 Communications rose over 6% after NPCI approved Paytm to onboard new UPI users, adhering ...More

Shares of One97 Communications rose over 6% after NPCI approved Paytm to onboard new UPI users, adhering to guidelines. This comes as a relief following RBI's restrictions on Paytm Payments Bank. The approval allows Paytm to continue UPI transactions via major banks under set procedural guidelines. ...Less

Paytm's shares rose 5% after reporting a quarterly profit of ?928.3 crore, attributed to a one-time gain. ...More

Paytm's shares rose 5% after reporting a quarterly profit of ?928.3 crore, attributed to a one-time gain. The company also received NPCI approval to onboard new UPI users. ...Less

Hyundai India's IPO launched with a loss, despite high ratings from multiple brokerages. Shares fell up t ...More

Hyundai India's IPO launched with a loss, despite high ratings from multiple brokerages. Shares fell up to 6%. Previous large IPOs like Paytm and LIC also faced similar debuts. High IPO size and valuations were major factors. Despite this, Hyundai remains strong due to its market position and strategic focus on the SUV segment. ...Less

Shares of Bajaj Finance, Adani Green, Zomato, Paytm, Adani Energy Solutions, Varun Beverages and ICICI Pr ...More

Shares of Bajaj Finance, Adani Green, Zomato, Paytm, Adani Energy Solutions, Varun Beverages and ICICI Pru Life will be in focus ahead of the second quarter results today. ...Less

The NSE Nifty index was trading 172.21 points down at 24496.05 ...More

The NSE Nifty index was trading 172.21 points down at 24496.05 ...Less

Happy Tuesday! ETtech’s annual list of the most important CXO exits and movements in the startup and tech ...More

Happy Tuesday! ETtech’s annual list of the most important CXO exits and movements in the startup and tech industry is here. This and more in today’s ETtech Morning Dispatch. ...Less

Indian tech startups saw a wave of CEO changes in 2024. Flipkart, Swiggy, DealShare, Tata Digital, and ot ...More

Indian tech startups saw a wave of CEO changes in 2024. Flipkart, Swiggy, DealShare, Tata Digital, and others appointed new CEOs. The fintech and edtech sectors also experienced leadership shuffles. Paytm Money, PhonePe, and Byju's all had CEO transitions. These changes reflect a focus on growth and profitability in the evolving tech landscape. ...Less

Zomato, a pioneer in India's online food delivery sector, achieved profitability and a $32 bn market cap. ...More

Zomato, a pioneer in India's online food delivery sector, achieved profitability and a $32 bn market cap. Its journey includes a successful IPO, expansion into quick commerce with Blinkit, and entry into the Sensex. Zomato's diversification now includes ticketing, competing with BookMyShow, and its quick commerce venture challenges giants like Amazon and Flipkart. ...Less

Foreign Portfolio Investors (FPIs) Societe Generale, Tiger Pacific Master Fund and UBS Principal Capital ...More

Foreign Portfolio Investors (FPIs) Societe Generale, Tiger Pacific Master Fund and UBS Principal Capital Asia brought their holdings in One 97 Communications below 1% in the September-ended quarter. Shares of Paytm dropped to a low of Rs 700 on the BSE, falling by 3% intraday amid weakness in the overall markets. The stock has witnessed a strong rally in the past 6 months, gaining by over 80%. ...Less

Hyundai Motor IPO: Five out of six mega IPOs have resulted in wealth destruction, with examples like LIC ...More

Hyundai Motor IPO: Five out of six mega IPOs have resulted in wealth destruction, with examples like LIC and Paytm listing at losses. Despite positive broker ratings for Hyundai's record-breaking IPO, history shows large IPOs often correlate with market peaks and subsequent investor losses. ...Less

Prayagraj gears up for the 2025 Maha Kumbh Mela, expecting a record 40 crore pilgrims. The government is ...More

Prayagraj gears up for the 2025 Maha Kumbh Mela, expecting a record 40 crore pilgrims. The government is investing heavily in infrastructure, expanding the Mela grounds, and enhancing amenities. Businesses are also capitalizing on the event, with over Rs 3,000 crore allocated for branding and marketing, anticipating significant economic impact. ...Less

While the structure and timing of the IPO seem to have been in favour of the Gurugram-based fintech start ...More

While the structure and timing of the IPO seem to have been in favour of the Gurugram-based fintech startup, its business outlook continues to face many headwinds which will be its next big challenge. According to BSE data, the end of day three shows that retail investors bid for the shares 134 times, non-institutional investors 108 times and institutional investors 119.5 times. ...Less

Balachandar stepping down has added another senior-level exit at the Ola group this year. In May 2021, Ba ...More

Balachandar stepping down has added another senior-level exit at the Ola group this year. In May 2021, Balachandar was appointed as the chief human resources officer of Ola Electric followed by his elevation to the group level later on in the same year. ...Less

The Indian stock market has evolved, especially with IPOs, which raise capital without adding debt. Regul ...More

The Indian stock market has evolved, especially with IPOs, which raise capital without adding debt. Regulatory changes like ASBA have streamlined IPO processes, enhancing liquidity and investor confidence. However, large IPOs can still impact market dynamics by shifting supply and demand post-listing. ...Less

The stock saw substantial investor interest with 1.55 crore shares traded on the NSE around 2 pm, totalin ...More

The stock saw substantial investor interest with 1.55 crore shares traded on the NSE around 2 pm, totaling Rs 1,091.48 crore in value. After rebounding from a low of Rs 310 in May, the stock remains 27% below its 52-week high of Rs 998 but has surged 36% in the past month. ...Less

ETMarkets is offering a four-day workshop on Value and Valuation, featuring experienced finance professio ...More

ETMarkets is offering a four-day workshop on Value and Valuation, featuring experienced finance professionals Himanshu Goel and Manoj Goel. The workshop will delve into value investing principles and their real-world applications, using case studies of Tata Motors and Zomato. ...Less

Top global brokerages have given positive ratings to Paytm, Coforge, Godrej Properties, and Birlasoft, wi ...More

Top global brokerages have given positive ratings to Paytm, Coforge, Godrej Properties, and Birlasoft, with projected upsides over 20%. Citi upgrades Paytm citing resolved regulatory issues; Macquarie maintains Birlasoft despite margins miss; Jefferies highlights robust demand for Godrej Properties; JPMorgan sees sustained growth for Coforge. ...Less

The open ecommerce network, which offered up to Rs 3 crore in July and Rs 2.5 crore in August as financia ...More

The open ecommerce network, which offered up to Rs 3 crore in July and Rs 2.5 crore in August as financial incentive per network participant, reduced the cap to Rs 40 lakh for September before increasing it to Rs 60 lakh in October amid festivals. The limit has now been fixed at Rs 40 lakh for December. ...Less

Zomato CEO Deepinder Goyal's recent hiring criteria and subsequent retractions highlight a growing trend ...More

Zomato CEO Deepinder Goyal's recent hiring criteria and subsequent retractions highlight a growing trend of CEOs facing backlash for social media posts. While responsiveness is important, repeated incidents can impact a company's reputation, attract regulatory scrutiny, and even affect stock valuation, as seen with Ola Electric and Paytm. ...Less

MobiKwik has fixed the price band of its upcoming initial public offering. This and more in today’s ETtec ...More

MobiKwik has fixed the price band of its upcoming initial public offering. This and more in today’s ETtech Top 5. ...Less

Indian equity indices fell for a third session due to lackluster corporate earnings and foreign selling, ...More

Indian equity indices fell for a third session due to lackluster corporate earnings and foreign selling, despite gains from Bajaj Finance. Analysts suggest Nifty's crucial support is at 24,378; a break below could lead to further declines. ...Less

After fluctuating between gains and losses, key equity indices Sensex and Nifty50 ended in the red for th ...More

After fluctuating between gains and losses, key equity indices Sensex and Nifty50 ended in the red for the third straight session on Wednesday, as weak corporate earnings and continued foreign selling dampened market sentiment. ...Less

Domestic equity indices Sensex and Nifty50 rebounded on Wednesday, supported by HDFC Bank and Bajaj stock ...More

Domestic equity indices Sensex and Nifty50 rebounded on Wednesday, supported by HDFC Bank and Bajaj stocks, despite foreign outflows. ...Less

RBI's new governor, Sanjay Malhotra, inherits a stable economy and a robust banking system. Unlike predec ...More

RBI's new governor, Sanjay Malhotra, inherits a stable economy and a robust banking system. Unlike predecessors, he faces no immediate crises but must address high real interest rates, potential overregulation of banks and the global rise of cryptocurrency in the Trump era. ...Less

The S&P BSE Sensex closed at 81,508.46, down 200.66 points or 0.25%, while the Nifty50 ended at 24,619, s ...More

The S&P BSE Sensex closed at 81,508.46, down 200.66 points or 0.25%, while the Nifty50 ended at 24,619, slipping 58.80 points or 0.24%. ...Less

Ahead of the IPO of rival food and grocery delivery competitor Swiggy, Zomato's board also approved the r ...More

Ahead of the IPO of rival food and grocery delivery competitor Swiggy, Zomato's board also approved the raising of Rs 8,500 crore through qualified institutional placement of equity shares. ...Less

Manappuram Finance's shares dropped 21% after the Reserve Bank of India took regulatory action against it ...More

Manappuram Finance's shares dropped 21% after the Reserve Bank of India took regulatory action against its subsidiary, Asirvad Micro Finance. The RBI ordered Asirvad to stop loan sanctions and disbursals. Asirvad contributes 27% to Manappuram's assets under management. Investors should observe management actions to address these concerns and monitor stock movements around key support levels. ...Less

The benchmark Sensex surged 666 points to a new record high on Thursday, driven by buying in auto and ban ...More

The benchmark Sensex surged 666 points to a new record high on Thursday, driven by buying in auto and banking stocks, buoyed by gains in global markets. Notable performers included Paytm, PB Fintech, and EaseMyTrip. ...Less

Shreyas Srinivasan, Paytm's Chief Product Officer, has announced his departure from the company after mor ...More

Shreyas Srinivasan, Paytm's Chief Product Officer, has announced his departure from the company after more than ten years. His exit comes after Paytm sold its ticketing platform, Insider.in, to Zomato. Srinivasan played a key role in Insider.in's growth, from its inception to its merger with Paytm. ...Less

Paytm Share Price: The company was in headlines on selling its ticketing business to Zomato and also on t ...More

Paytm Share Price: The company was in headlines on selling its ticketing business to Zomato and also on the reports of SEBI issuing show-cause notices to Vijay Shekhar Sharma, the founder of the company. ...Less

Six mid-cap stocks from the Nifty 200 index hit fresh 52-week highs. ...More

Six mid-cap stocks from the Nifty 200 index hit fresh 52-week highs. ...Less

RBI Governor Shaktikanta Das reported strong financial parameters for banks and NBFCs. Credit and deposit ...More

RBI Governor Shaktikanta Das reported strong financial parameters for banks and NBFCs. Credit and deposit growth are converging, with asset quality robust and GNPA at a historic low of 2.54%. The RBI is actively monitoring and addressing any signs of stress, sometimes imposing restrictions as with Paytm Payments Bank, JM Financial, IIFL Finance, and Navi Finserv. ...Less

In January this year, Mobikwik had filed its draft papers for an IPO seeking to raise Rs 700 crore. The i ...More

In January this year, Mobikwik had filed its draft papers for an IPO seeking to raise Rs 700 crore. The issue was much smaller than its initial plan to raise Rs 1,900 crore three years ago, when it had made the first attempt to go public. ...Less

The locations include popular popular spots for travelling like UAE, Singapore, France, Mauritius, Bhutan ...More

The locations include popular popular spots for travelling like UAE, Singapore, France, Mauritius, Bhutan, and Nepal. "With the upcoming holiday season, we are sure that this launch will make foreign travel even more convenient for users. This expansion reflects our commitment to leveraging technology that empowers our users, wherever they are in the world," a Paytm spokesperson said. ...Less

Paytm has largely protected its merchant base (settled at 41 mn) and transitioned its user base (78mn, do ...More

Paytm has largely protected its merchant base (settled at 41 mn) and transitioned its user base (78mn, down in 1QFY25 from 100mn) to new partner banks which should now pave the way for the long-pending NPCI approval to onboard new users. ...Less

Hyundai Motor India is raising funds through an IPO, the country’s biggest IPO so far. There have been se ...More

Hyundai Motor India is raising funds through an IPO, the country’s biggest IPO so far. There have been several large initial public offerings (IPOs) over the years, from the state-owned Life Insurance Corporation of India to the payments platform Paytm. Still, nothing comes close to what Hyundai is looking for. ...Less

UPI rule changes: The Reserve Bank of India has introduced new rule changes to UPI Lite transactions. The ...More

UPI rule changes: The Reserve Bank of India has introduced new rule changes to UPI Lite transactions. These include a hike in the transaction limit for offline digital payments from Rs 500 to Rs 1,000 and an increase in the wallet limit from Rs 2,000 to Rs 5,000. ...Less

Indian mutual funds purchased Rs 872 billion worth of stocks in September, focusing on large-cap stocks l ...More

Indian mutual funds purchased Rs 872 billion worth of stocks in September, focusing on large-cap stocks like Reliance Industries and HDFC Bank. Mid-cap additions included 360 One Wam and Tata Chemicals, while small-cap additions favored Sansera Eng and Sundaram Clayton. Mutual funds actively adjusted their portfolios throughout October, indicating a dynamic market approach. ...Less

Indian companies are set to spend ?3,000 crore on branding and marketing at the Maha Kumbh in Prayagraj, ...More

Indian companies are set to spend ?3,000 crore on branding and marketing at the Maha Kumbh in Prayagraj, seeing it as a significant consumption opportunity with 400 million expected attendees. Major brands from various sectors are planning extensive on-ground activations and consumer engagement strategies to maximize their visibility and connect. ...Less

Indian indices closed higher on Monday, led by banking and IT stocks. Nifty gained 164 points, closing at ...More

Indian indices closed higher on Monday, led by banking and IT stocks. Nifty gained 164 points, closing at 25,128. Sensex gained 591 points, closing at 81,973. Retail inflation accelerated to a 9-month high of 5.49% in September. Analysts expect Nifty to continue its upward momentum. ...Less

StoxBox has recommended seven stocks with potential returns of up to 12% across information technology, b ...More

StoxBox has recommended seven stocks with potential returns of up to 12% across information technology, banking, and auto sectors, as India celebrates Vijaya Dashmi (Dussehra). ...Less

Emkay has upgraded Paytm to "Add" from "Reduce," raising the target price to Rs 750 from Rs 375. Easing r ...More

Emkay has upgraded Paytm to "Add" from "Reduce," raising the target price to Rs 750 from Rs 375. Easing regulatory pressures and optimizing expenses are expected to restore profitability. The loan distribution business is set to re-accelerate, while the broking and insurance segments are profitable. Emkay forecasts positive operating EBITDA for Paytm by Q4 FY25. ...Less

Indian indices closed slightly higher on Thursday, with financial stocks gaining and IT shares declining. ...More

Indian indices closed slightly higher on Thursday, with financial stocks gaining and IT shares declining. However, higher-than-expected US inflation data may negatively impact Friday's trade. Analysts predict a sideways trend with support at 24,950-24,900 and resistance at 25,150-25,400. ...Less

While UPI grew the fastest among all merchant payments modes, credit cards saw a 35% increase in transact ...More

While UPI grew the fastest among all merchant payments modes, credit cards saw a 35% increase in transactions in October to 433 million transactions, compared to around 320 million a year ago, data released by the Reserve Bank of India (RBI) showed. ...Less

Ratan Tata, the visionary former chairman of Tata Group, died at 86. He transformed the conglomerate duri ...More

Ratan Tata, the visionary former chairman of Tata Group, died at 86. He transformed the conglomerate during his 20-year tenure with global acquisitions including Tetley, Corus, Jaguar, and Land Rover. Despite some controversies, his leadership brought significant growth and he became a notable investor in Indian startups. ...Less

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See, when it comes to FMCG, look at Britannia, from 2010 to 2020, what went right was expanding the distr ...More

See, when it comes to FMCG, look at Britannia, from 2010 to 2020, what went right was expanding the distribution network and what is going right for Varun Beverages just now also is expanding the distribution network. ...Less

Indian indices closed lower on Wednesday despite earlier gains, following the central bank's policy easin ...More

Indian indices closed lower on Wednesday despite earlier gains, following the central bank's policy easing. Nifty 50 closed at 24,982, Sensex at 81,467. Analysts suggest a short-term pullback before further upside. ...Less

The stock went up by 3.05 per cent to settle at Rs 554.45 on the BSE. During the day, it climbed 5 per ce ...More

The stock went up by 3.05 per cent to settle at Rs 554.45 on the BSE. During the day, it climbed 5 per cent to Rs 565. ...Less

The Indian stock market is undergoing a correction. Some sectors like auto and microfinance are facing di ...More

The Indian stock market is undergoing a correction. Some sectors like auto and microfinance are facing difficulties. However, the long-term outlook for the market remains positive. Investors are advised to focus on companies with strong fundamentals and a history of good results. The days of wild speculation and easy returns are over. ...Less

NSE's IPO buzz has grown in the last 3-4 months, leading to a 35% rise in its share price in the unlisted ...More

NSE's IPO buzz has grown in the last 3-4 months, leading to a 35% rise in its share price in the unlisted market. Investors are waiting for the listing due to the stock's promise and higher premium compared to the current market price. ...Less

The Department of Telecommunications (DoT) has issued a notice to Vodafone Idea concerning non-payment of ...More

The Department of Telecommunications (DoT) has issued a notice to Vodafone Idea concerning non-payment of bank guarantees needed to cover for past spectrum auction dues. ...Less

And I do believe that this kind of time correction as well as the consolidation is very good in markets l ...More

And I do believe that this kind of time correction as well as the consolidation is very good in markets like this, especially when we are coming on the backdrop of such a great period. ...Less

SoftBank founder Masayoshi Son met Prime Minister Narendra Modi and portfolio founders and CEOs on Wednes ...More

SoftBank founder Masayoshi Son met Prime Minister Narendra Modi and portfolio founders and CEOs on Wednesday as part of his ongoing India visit. In one-on-one conversations with several Indian entrepreneurs from SoftBank’s portfolio, Son said he plans to make India the chip capital of the world amid the artificial intelligence (AI) boom. ...Less

In 2011, the Japanese firm made a landmark investment of USD 200 million in InMobi, marking its first ven ...More

In 2011, the Japanese firm made a landmark investment of USD 200 million in InMobi, marking its first venture into the Indian market. Glance is a platform developed by InMobi that enhances the smartphone user experience by providing personalised content directly on the lock screen. ...Less

Paytm Q2 Results FY25: Paytm's revenue dropped 34% year-on-year (YoY) to Rs 1,660 crore against Rs 2,519 ...More

Paytm Q2 Results FY25: Paytm's revenue dropped 34% year-on-year (YoY) to Rs 1,660 crore against Rs 2,519 crore in the corresponding quarter of the previous year. ...Less

SoftBank CEO Masayoshi Son's India visit includes meetings with PM Modi and Mukesh Ambani, highlighting I ...More

SoftBank CEO Masayoshi Son's India visit includes meetings with PM Modi and Mukesh Ambani, highlighting India's importance. Son's trip follows SoftBank's strong earnings, boosted by Indian IPOs like FirstCry and Ola Electric. SoftBank anticipates more Indian IPOs, with OfBusiness expected next year, solidifying India as a top-performing market. ...Less

Paytm Share Price: Shares of fintech firm Paytm surged over 12% to Rs 623.8 during Friday's intraday trad ...More

Paytm Share Price: Shares of fintech firm Paytm surged over 12% to Rs 623.8 during Friday's intraday trading, driven by heavy volumes on the NSE, with 2.96 crore equity shares worth Rs 1,763.6 crore traded. At 2:47 p.m., the stock was up 11.4% at Rs 618. The shares have climbed 16% in the past two days following the company’s approval from the finance ministry to invest in its payment services business. ...Less

One97 Communications, which runs Paytm, is set to see increased revenue growth in the second quarter of 2 ...More

One97 Communications, which runs Paytm, is set to see increased revenue growth in the second quarter of 2024. However, its losses are likely to widen to Rs 660 crore. Despite this, losses should decrease from the previous quarter due to growth in payment services to merchants and financial services. ...Less

The NSE Nifty index was trading 405.96 points up at 24313.2 ...More

The NSE Nifty index was trading 405.96 points up at 24313.2 ...Less

Shares of One 97 Communications, Paytm’s parent company, rose 3.5% to Rs 548.70 on the BSE today, followi ...More

Shares of One 97 Communications, Paytm’s parent company, rose 3.5% to Rs 548.70 on the BSE today, following a clarification on the SEBI show-cause notice issued to founder Vijay Shekhar Sharma and former board members. Over the past year, Paytm's shares have fallen 40%, with a 16.3% decline so far this year. ...Less

Paytm Share Price: Paytm shares saw a 5% increase after approval from the finance ministry for investment ...More

Paytm Share Price: Paytm shares saw a 5% increase after approval from the finance ministry for investment in its payment services business. This allows Paytm Payments Services Limited to resubmit its payment aggregator license application. This step is crucial as it lifts regulatory barriers and could enable Paytm to onboard new online merchants, boosting its business prospects. ...Less

GitHub CEO Thomas Dohmke has deferred the forecast of India surpassing the US as the world’s largest soft ...More

GitHub CEO Thomas Dohmke has deferred the forecast of India surpassing the US as the world’s largest software developer base to 2028, citing factors like economic conditions, US AI growth, and India’s education pipeline. India, with 17 million developers on GitHub, remains on track, growing 28% this year. GitHub plans to expand its AI-enabled CoEs in India, boosting engineering efficiency with tools like Copilot. Dohmke stressed upskilling amidst AI adoption, affirming AI’s transformative role in software development. ...Less

Paytm posted a profit of Rs 930 crore in Q2 FY 2025, driven by a one-time gain from selling its entertain ...More

Paytm posted a profit of Rs 930 crore in Q2 FY 2025, driven by a one-time gain from selling its entertainment ticketing business to Zomato for Rs 2,048 crore. However, Paytm's marketing services revenue dipped, while credit card distribution and travel services showed strong performance. ...Less

Paytm Share Price: Paytm shares saw a 9% dip to Rs 505.25 following news that SEBI issued show-cause noti ...More

Paytm Share Price: Paytm shares saw a 9% dip to Rs 505.25 following news that SEBI issued show-cause notices to Vijay Shekhar Sharma and ex-board members. The allegations involve misrepresentation during the IPO, focusing on Sharma’s promoter classification. This classification is significant due to regulations on ESOPs for promoters post-IPO. ...Less