Paytm has been under pressure to turn profitable ever since its dismal listing in November 2021.The stock has declined around 70% and tumbled 60% in 2022.
Shares of the food-delivery platform tumbled 8.4% in Mumbai trading Tuesday on top of a 6.6% drop Monday. The two-day fall to Rs 60.3 put shares 21% below the IPO price.
Morphing back into a clearly defined financial services player and away from the fuzzy fintech giant operations won’t be too tough for Ant. The hard part is capital commitment.
The claim that VB-GRAMG provides an employment guarantee is incorrect. The only guarantee is to 'empower' the Centre to allow partial implementation in notified areas alone.
It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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