CLOSING BELL: SBI, HUL, IndusInd Bank, Axis Bank, Dr Reddy's Labs, Bajaj Finserv, and ICICI Bank fell in the range of 2-3 per cent
Stocks to watch today: Retail investors' shareholding in Paytm doubled in the March quarter to 7.72 per cent
Canada Pension Plan increases stake in digital payments company, as some other foreign funds leave.
Shares of Paytm are expected to jump up to 20 per cent after overcoming the resistance at the 50-DMA.
Paytm owner One97 Communications on Thursday said it has become an official digital payments partner for the prime ministers' museum in the national capital.
Paytm's app also offers access to public health services and Covid vaccines & booster registration, online medicine orders, doctor consultation, lab test booking and health insurance
'We should be operating Ebitda-break-even in the next six quarters, well ahead of estimates by most analysts,' Vijay Shekhar Sharma wrote
Shares of Paytm declined significantly in recent times due to volatile market conditions for high growth stocks, the company's founder and CEO Vijay Shekhar Sharma said on Wednesday
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Paytm shares declined due to volatile market conditions, says Vijay Shekhar Sharma
Functioning of crypto currency exchanges also came up when Sebi chairperson Madhabi Puri Buch appeared before parliamentary panel on finance, say people in the know
Sebi Chairperson Madhabi Puri Buch on Tuesday appeared before a parliamentary panel and was questioned on the NSE controversy, Sahara case and share offers of Paytm and Ruchi Soya, sources said
The Paytm Payments Bank has not yet appointed a firm which will conduct an audit of its information technology (IT) systems, minister of state for finance Bhagwat Karad said
While 72% of all votes polled were favoured the resolution, almost 67% votes on account of public institutional investors were against
Company's lending business scaled to 4.1 million loan disbursals in the first two months of the March quarter.
After the boom of 2021, when 44 Indian startups became unicorns, the markets are more selective and investors less enthusiastic in participating at unrealistic valuations
Puri said unlike a bank, which books revenues for offering its services and reports profit, Paytm has garnered its millions of customers by offering cashbacks
Anuj Mittal is expected to drive the paytm's corporate-investor relations, acting as a liaison between the management and investors
54 companies plan to raise Rs 1.4 trillion in FY23 after 52 Indian corporates raised an all-time high Rs 1.11 trillion through initial public offers (IPOs) in FY22, Prime Database report said
After Q3FY22 earnings, the company had said that it is well-funded with net cash, cash equivalent and investable balance of Rs 10,215 crore