Paytm share price has plunged more than 40% in the last three months but retail investors and foreign portfolio investors (FPIs) have been increasing their stake in the fintech giant. The latest shareholding pattern of One 97 Communications, the parent company of Paytm, shows that the holding of domestic investorsRead More →
In the Nifty500 index, 120 stocks have given multibagger returns in FY24, which means at least 100 percent gains. Meanwhile, just 51 stocks (10 percent) from the index were in the red in the current financial year. Top Gainers BSE was the top gainer in the Nifty500 index, soaring 521Read More →
After the Reserve Bank of India (RBI) placed operational restrictions on Paytm Payments Bank Ltd. (PPBL) due to the ongoing non-compliance issues and significant supervisory concerns, HSBC mutual fund (MF) completely exited from the stock (One 97 Communications) in January ’24, from its actively managed funds. Quant MF on theRead More →
After the RBI action, One 97 Communications shares plunge 55 percent (From Jan 31 till date) on NSE and BSE. Moreover, following the announcement, major players like Jefferies and Macquarie also downgraded the stock rating. In a recent note, brokerage house Fisdom Research highlighted that before the recent decline sinceRead More →
The Indian central bank on Wednesday, in a press release, directed Paytm Payments Bank Ltd. (PPBL, or the bank) to stop new credit and deposit operations, top-ups, fund transfers, and other such banking operations after February 29 this year. Also Read: Paytm share price locked at 20% lower circuit forRead More →
From the proceeds of the fresh issue, a total of ₹250 crore will be used to finance the growth of the financial services industry, ₹135 crore to finance the growth of the payment services industry, ₹135 crore to finance investments in data, machine learning, artificial intelligence, and other products andRead More →
New Delhi: Following stocks could be in focus in Thursday’s trade: Bank of Baroda: Is trying to trace the paper trail behind a recent scandal where some employees allegedly created false app sign-ups using random mobile phone numbers. The bank has asked branches to produce customer consent and registration formsRead More →
MUMBAI : Global index provider MSCI has included nine Indian stocks in its MSCI Standard Index in the latest round of rebalancing, which will take India’s representation in the emerging market (EM) index to the highest-ever count of 131 stocks. The rebalancing, which will lead to minor cuts in theRead More →
Paytm share price rallied over 3% to a fresh 52-week high after reports of huge block deal. Paytm shares gained as much as 3.84% to hit a 52-week high of ₹939.00 apiece on the BSE. Around 2.3 crore Paytm shares or 3.6% stake of the company changed hands in aRead More →
At least 2.2 million retail shareholders, 73 large foreign institutional investors (FIIs), and 22 mutual funds sold shares of 12 large companies, including Nykaa (FSN E-Commerce Ventures Ltd), Life Insurance Corporation (LIC) of India and Paytm (One 97 Communications Ltd), since their initial public offerings. The companies have seen combinedRead More →
