Cabinet clears Rs 76,000-cr incentive scheme for semiconductors; Paytm nears record low, down 13% as anchor investors' lock-in period ends
The company had allotted 38.30 million equity shares to anchor investors at Rs 2,150 per share
Anand Rathi Wealth to make its debut on the bourses on Tuesday, GMP indicates 50 per cent listing gain for the stock
The value of loans disbursed through the platform increased 375 per cent YoY to Rs 1,320 crore ($178 million) in the first two months of the quarter
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Paytm reported over two-fold rise in its gross merchandise value to about Rs 1,66,600 crore in the first two months of the third quarter of this fiscal, driven by sharp uptick in loan disbursals
The country's licensing policy for financial institutions is past its sell-by date. Innovative solutions are out there but require regulation.
After a choppy IPO debut, Paytm received the RBI nod to operate as a scheduled payments bank. How does it change things for the company? This report makes sense of Paytm Payments Bank's new status
Further consolidation seems likely, while telecom stocks may be in focus owing to the new DoT order on limiting SIMs per user
Investors are turning increasingly skeptical about IPOs as a record year for Indian listings draws to a close
After the announcement, Paytm's share price rose 2.62 per cent to close at Rs 1,594.55 apiece.
From December 8, Edelweiss said there are ten issuances where the anchor lock-in is set to unravel, including FSN E-Commerce Ventures (Nykaa), FINO Payments Bank, Latent View Analytics and PB Fintech
Paytm's IPO was subscribed 1.89 times and Star Health's offer was subscribed 79 per cent
His firm SoftBank is the biggest foreign investor in India today and has funded 10% of all unicorns
Dolat Capital Market has set a target price of Rs 2,500, which is 16% higher than the company's issue price
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Digital payments, financial services firm Paytm is expecting to increase revenue and monetisation methods on its platform in the next few quarters.
FMCG stocks are likely to be in focus on the back of price hike announced, while airline shares too may be on investor's radar following the fresh world-wide Coivd-19 scare
Paytm's top executives spent 90 minutes on a call with investors and analysts on Saturday as they raised questions on monetization.
Revenue from operations up 64% YoY to Rs 1,090 crore in Q2FY22, driven by 52% growth in non-UPI payment volumes and over 3x in financial services and other revenue; net loss widens 11% to Rs 432 cr