Paytm share price has been in uptrend after hitting life-time low of ₹438.35 apiece on NSE in November 2022. The One97 Communications share price has ascended from is life-time low to ₹650.55 per share levels in last six months, logging near 50 per cent rise in last five months. InRead More →
Mumbai: Primary markets are poised to cool further this year as anchor investors who burnt their fingers in new-age technology IPOs in 2021 turn wary at a time of darkening market mood, investment bankers said. These investors, many of them foreign portfolio investors, might prefer the safety of traditional sectors,Read More →
Vijay Shekhar Sharma, founder and Chief Executive Officer, Paytm on Saturday clarified that the Silicon Valley Bank (SVB), which was one of its first investors, fully exited with handsome returns on their total investment of only $1.7 million. The Paytm boss said SVB is not a shareholder anymore. Sharma’s tweetRead More →
Adani Group’s two companies will make their way into the Nifty indices from 31 March 2023. The two companies from the embattled Adani Group that have made it into the National Stock Exchange of India are Adani Wilmar and Adani Power. As per the official statement by the Nifty, AdaniRead More →
However, despite a solid performance by the domestic indices, some stocks have eroded investors’ wealth. In 2022, 12 stocks in the Nifty 100 Index had eroded investors’ wealth by 25-60%. Among the top laggards, 40% of stocks are tied to the IT pack, and 25% are related to new entrants.Read More →
Paytm’s plan to buyback shares has left investors surprised and worried about the loss-making Indian fintech firm’s growth prospects as it uses funds to prop-up its hammered stock. The board of One 97 Communications Ltd., the listed-entity that runs Paytm, will decide on the buyback on Tuesday. The move comesRead More →
The Enforcement Directorate Saturday said it is conducting raids at Bengaluru premises of online payment gateways like Razorpay, Paytm and Cashfree as part of an ongoing probe against “illegal” instant smartphone-based loans “controlled” by Chinese persons. The searches were launched Friday at six premises in Karnataka’s capital city, it saidRead More →
Vijay Shekhar Sharma, founder and CEO of Paytm, was arrested and released on bail by Delhi Police last month after being booked under IPC Section 279 (rash or negligent driving). 🗞️ Subscribe Now: Get Express Premium to access the best Election reporting and analysis 🗞️ According to an FIR filedRead More →
