CMs, state ministers to join over 100 Indian CEOs in Davos next month
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. Small Nuances, Big Gains: Is the P/E ratio of 164 of Zomato justified? Learn how to value a business before buying a stock
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. Indian unicorns see net workforce decline amid layoffs, restructuring: report
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. Travelling for concerts surged 44% this year indicating an experience-led economy: Paytm
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. Ahead of Market: 10 things that will decide stock market action on Wednesday
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. Year in Review: 2024’s biggest executive moves in tech & startups
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. 2024 Year in Review | who’s in, who’s out: the biggest executive moves in Indian tech & startup sector
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. ET Awards 2024: Zomato wins Emerging Company award; here's how profitability milestone, diversification push propelled it to Sensex
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. Maha business at Maha Kumbh, the world’s biggest congregation
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. Decoding Mobikwik’s IPO frenzy despite business challenges
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. Ola group chief people officer N Balachandar quits
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. AI tech to replace humans workflow, says Paytm founder
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. ONDC cuts financial incentives for network participants ahead of levying network fee
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. Enter, Peacetime General: New RBI guv comes in with enough room to build an institution and leave a legacy
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. BookMyShow FY24 revenue jumps 43% on live events growth; online ticketing drives profitability
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. Bengaluru bike-taxi driver reveals monthly income of Rs 85,000, Paytm CEO Vijay Shekhar Sharma calls it a 'revolution'
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. Paytm shares up 3% to fresh 52-week high on nod to sale of PayPay stake for Rs 2,364 crore
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. Stocks in news: Ultratech, Paytm, L&T, Biocon, Alembic Pharma
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. Paytm to add Rs 2,364 crore to its kitty through sale of PayPay shares
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. Paytm Parent to sell 5.4% stake in Japan company PayPay to SoftBank
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. Board of Paytm's Singapore arm approves stake sale in Japanese firm PayPay Corporation
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. One97 Communications Singapore approves sale of stake in PayPay
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. Mobikwik sets IPO price band between Rs 265-279, valuation cut to around $250 million
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. Brands lining up for Rs 3,000 cr splash at Maha Kumbh
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. Zomato, Paytm, Jio Financial among 55 stocks in focus as BSE revises circuit limits
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%. Stocks in news: RIL, PC Jeweller, Dr Reddy's, Enviro Infra Engineers, HDFC Life, SBI Life
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. BSE revises circuit limit for 55 stocks, including Paytm, DMart, Adani Total Gas
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. Nifty to stay range-bound; focus on sector rotation and stock-specific plays: Vikas Khemani
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. Paytm shares rise 3%, hit new 52-week high after UBS hikes target price to Rs 1,000
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. Masayoshi Son outlines vision to make India global chip capital
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. SoftBank's Masayoshi Son meets InMobi's Naveen Tewari to explore potential AI, consumer tech collabs
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. SoftBank's Masayoshi Son engages with portfolio executives in India; PM meet on agenda
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. Paytm shares hit 52-week high as fintech rolls out UPI Lite auto top-up for small payments
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. Do CEOs active on social media pose a risk to company's goodwill?
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. Economy and effects of Covid may delay India’s developer growth pace: GitHub CEO
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. Zomato shareholders approve Rs 8,500 crore QIP plan
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. Zomato shareholders approve Rs 8,500 crore QIP plan as quick commerce competition heats up
Zomato had announced the plan to raise fresh capital last month - at a time when the rapidly growing quick commerce industry is becoming increasingly competitive and witnessing a flush of funds being infused into the sector. Bank of Baroda credit card offers discounts on Flipkart, Croma, Amazon and Paytm shopping; other offers, EMI on UPI launched
BOBCARD: BOBCARD by Bank of Baroda credit card users are in for rejoice as they will get big discounts on Flipkart, Amazon, Croma and Jiomart this wedding season. Moreover, BOBCARD by Bank of Baroda Credit Card, has launched EMI facility on UPI. "To use EMI on UPI feature on BOBCARD, the transaction amount must be at least Rs 2500," says ?Ravindra Rai, MD & CEO, BOBCARD. 36 smallcaps shine with double-digit gains as fag-end rally help markets recoup weekly losses
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. BSE to introduce F&O contracts in 3 Adani stocks, Paytm, Yes Bank and 38 others
India's oldest stock exchange BSE on Friday announced introduction of futures & options (F&O) contracts of 43 stocks which will be available for trading from December 13. Big movers on D-Street: What should investors do with Paytm, IndiGo and Varun Beverages?
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. Paytm stock climbs after Bernstein raises target price to Rs 1,000
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%. Hot Stocks: Brokerage sees 18-20% in Paytm & Eicher Motors; Investec sees over 50% upside in Adani Energy
Investec has initiated coverage on Adani Energy with a "Buy" recommendation, citing significant opportunities in the transmission and smart metering segments Paytm UPI goes global; app users can make payments at select international locations
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. Deven Choksey on 2 themes to bet on in a volatile market
Market analyst Deven Choksey expresses strong optimism for India's renewable energy sector, particularly solar and wind power generation. While bullish on EPC and distribution prospects, he advises caution regarding the high valuations of renewable energy companies. Choksey also favors the insurance sector, particularly LIC, citing its strong financials and distribution network. HCL Technologies, Paytm, and BSE among stocks that mutual funds bought and sold in October
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. World Economic Forum Davos meet to focus on 'collaboration for intelligent age', over 100 from India to attend
Over 100 Indian business and government leaders will join global counterparts at the World Economic Forum's 55th Annual Meeting in January 2025. The meeting, themed 'Collaboration for the Intelligent Age', will focus on navigating geopolitical and economic challenges while leveraging technological advancements for growth and collaboration in an increasingly fragmented world. Zomato launches District app for movies, events, dining out bookings
India's Rs 10,000 cr-plus IPOs faced losses even after 1 month and a year. Will Swiggy buck the trend?
Ecommerce enabler GoKwik ropes in former Swiggy executive Sharad Gupta to head products
Dipan Mehta sees long-term potential in Varun Beverages despite high valuations
Swiggy’s IPO to unlock Rs 9,000 crore in Esop wealth for 5,000 employees
Wait and watch! Don’t jump the gun on Indian IT companies: Sampath Reddy
Wait and watch! Don’t jump the gun on Indian IT companies: Sampath ReddySampath Reddy, Founder & CIO of Azurean Investment Managers, shares his insights on the current market trends. He discusses the impact of DII and FII investments on valuations, particularly in the mid and small-cap segments. Reddy also expresses caution regarding the IT sector's outlook, emphasizing the need to observe order book trends before becoming overly optimistic. Days of everything going up is gone; are we even in a bull run? Samir Arora questions
New-age tech companies face an unforgiving market after grand IPOs. What lies ahead for Swiggy?
Payments firms slash cashbacks, incentives on funding drought
Payments firms slash cashbacks, incentives on funding droughtConsumer payment companies like PhonePe, Paytm, Amazon Pay, and Cred have significantly reduced their marketing expenditures and customer incentives, reflecting a maturing digital payments market in India. This trend indicates a shift from aggressive customer acquisition strategies to a more sustainable approach focused on profitability. Amazon India units post moderate growth, cut losses in FY24
Amazon India units post moderate growth, cut losses in FY24While Amazon’s India marketplace unit is yet to file its audited financials with the Registrar of Companies (RoC), earnings of the three arms indicate a slowdown in Amazon’s India business amid increasing competition from rivals like Flipkart and Meesho. Amazon Pay India reports Rs 2,286 crore revenue for FY24, cuts losses by 39%
Jio Financial arm Jio Payment Solutions receives RBI nod to operate as online payment aggregator
ETMarkets Smart Talk | FMCG and IT sectors look promising for next Diwali, PSU valuations stretched: Harjeet Singh Arora
From this Diwali to next: Sector picks in focus for all types of investors
From this Diwali to next: Sector picks in focus for all types of investorsExpectations were moderate, but many anticipated stronger earnings. However, the reality was more downgrades than upgrades. There have been multiple downgrades after results were announced due to several factors: global supply chain slowdowns, rising costs, and shrinking margins, particularly in the IT sector. PE Fund Multiples looks to sell HR Co PeopleStrong at Rs 1,500 crore valuation
Why big IPOs often fall short of investor expectations
Why big IPOs often fall short of investor expectationsBig IPOs like Paytm, Zomato, and LIC often disappoint investors due to overvaluation, regulatory constraints, hype creation, and management-shareholder conflicts. These factors contribute to poor stock performance post-listing, as investors face inflated valuations and unmet profitability expectations. Stocks to buy today: HDFC Bank, Paytm among top 10 trading ideas for October 28, 2024
Stocks to buy today: HDFC Bank, Paytm among top 10 trading ideas for October 28, 2024The 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. Where are PSU stocks headed & will banks make a comeback? Raamdeo Agrawal answers
Where are PSU stocks headed & will banks make a comeback? Raamdeo Agrawal answersRaamdeo Agrawal suggests investors should consider public sector and private sector stocks based on their merits, rather than distinguishing them. He highlights the strong performance of PSU banks and the revival potential of private sector banks. He also stresses the importance of balanced speculation in the market and praises promising management teams, especially in the digital sector. Top startup and tech stories this week
Do you know how to calculate a stock’s intrinsic value? Learn it from experts in online workshop
Paytm shares rally nearly 11% in a week. Is the worst behind?
Paytm shares rally nearly 11% in a week. Is the worst behind?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. 6 largecaps Sandip Sabharwal is ready to buy on further dips
6 largecaps Sandip Sabharwal is ready to buy on further dipsSandip Sabharwal highlights potential buying opportunities in the stock market. Stocks like Reliance, HUL, L&T, Bajaj, M&M, and Maruti could be appealing if prices drop another 5-10%. He also notes disappointing results in financials, cement, and FMCG sectors and mentions reallocation from India to other emerging markets. Paying attention to market fundamentals is crucial in current times. Hot stocks: Paytm, SBI Life, Sona BLW, Godrej Properties and TVS Motor
What to do with stocks like KPIT, Paytm now? Dipan Mehta answers
What to do with stocks like KPIT, Paytm now? Dipan Mehta answersDipan Mehta, Director at Elixir Equities, suggests caution for investments in KPIT, Paytm, Hyundai, Reliance Industries, and TVS Motors. He recommends careful consideration due to current market trends and specific company challenges. Existing investors in KPIT may hold, but new investments should be avoided. Reliance's value unlocking and TVS Motors' earnings are areas to watch closely. Ahead of Market: 10 things that will decide stock action on Thursday
Ola's Sidharth Shakdher joins Paytm as business head
Ola's Sidharth Shakdher joins Paytm as business headSidharth Shakdher, former CBO at Ola Mobility, has joined Paytm as business head of a business unit. In his new role, Shakdher will collaborate with Paytm's founder and CEO to enhance the company's growth and focus on financial success. SC setback for Byju's: Zomato, Swiggy hike platform fee
Market Wrap: Sensex, Nifty end in red on weak earnings, continued foreign selling
ET Explainer: why NPCI nod for Paytm UPI onboarding matters
ET Explainer: why NPCI nod for Paytm UPI onboarding mattersWhile NPCI has given the green light, it comes with strict conditions. Paytm must adhere to NPCI’s procedural guidelines, particularly around risk management, app branding and QR code usage. The approval is also tied to compliance with the Payments and Settlement Act, 2007, the Information Technology Act, 2000, and the Digital Personal Data Protection Act, 2023. Paytm gets NPCI nod to onboard users on UPI, shares up 11%
Paytm gets NPCI nod to onboard users on UPI, shares up 11%In its letter to Paytm founder and chief executive Vijay Shekhar Sharma on Tuesday, NPCI that manages the UPI platform said upon examination of the company’s application received on August 1, it has allowed Paytm to onboard new users for the payment service. Paytm attached the letter to its late-night regulatory filing on Tuesday. Paytm shares jump 6.50 pc on getting NPCI nod to onboard new UPI users
Paytm shares jump 6.50 pc on getting NPCI nod to onboard new UPI usersShares 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. Paytm shares rally 5% after posting Rs 928 crore Q2 PAT. Should you invest?
Regulatory clearance to boost Paytm’s growth outlook: Rahul Jain
Sensex jumps over 100 points, Nifty tops 24,500; HDFC Bank, Bajaj twins lead gains
Hot Stocks: Brokerage view on Paytm, Zomato and Bajaj Finance
Hot Stocks: Brokerage view on Paytm, Zomato and Bajaj FinanceNuvama 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. Paytm shares pop 5% after receiving NPCI nod to onboard new UPI users
Paytm shares pop 5% after receiving NPCI nod to onboard new UPI usersPaytm 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. Acko’s $120 million secondary; Udaan in talks for new funding
Paytm receives approval from NPCI to onboard new UPI users
SoftBank executive Paul Davison leaves FirstCry board
Zomato reports 389% rise in Q2 consolidated net profit: key takeaways
Zomato’s $1-billion fundraise; Paytm’s first quarterly profit
Zomato's net profit jumps 389% YoY, board approves Rs 8,500 crore fund-raise proposal
Zomato's going-out business clocks Rs 1,849 crore in gross sales in Q2
ICICI Securities Q2 Results: Cons PAT increases 25% YoY to Rs 529 crore, revenue up 36%
What should investors do with Paytm stock? Akshay Bhagwat answers
Hyundai K-drama flops on D-Street. Is the largest IPO tag a crown of thorns?
Hyundai K-drama flops on D-Street. Is the largest IPO tag a crown of thorns?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. Zomato helps Paytm make lemonade out of lemons, at least for a while
Zomato helps Paytm make lemonade out of lemons, at least for a whilePaytm 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. Don’t immediately want to buy into Hyundai post listing: Deven Choksey
Don’t immediately want to buy into Hyundai post listing: Deven ChokseyDeven Choksey shares his views on Hyundai's IPO, suggesting it might have a muted listing and could turn into a buying opportunity later. He discusses the robust fundamentals of private banks like HDFC and Kotak. He also discusses the impact of lab-grown diamonds on Titan, the uncertain future of Paytm, and the challenges faced by Tejas Networks. 