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Thursday, March 28, 2024
TopicAnt Group

Topic: Ant Group

SoftBank, Ant Groups may sell Paytm stake through block deal, says Economic Times report

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.

Zomato loses about $1.1 billion of market value in two days after Blinkit acquisition deal

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.

Ant Group’s IPO remains in limbo a year after China crackdown on Jack Ma’s fintech giant

Bankers who a year ago were betting the IPO would get done this year or next, now say 2023 is more likely. Regulatory hurdles remain.

Xi’s China has big tech and science plans. But is looking worldwide for talent

It is said Chinese innovators work with one hand tied behind their backs. That won’t help the country’s tech ambitions.

Why Jack Ma’s Ant will never be a super-unicorn again

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.

On Camera

Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bonds

Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities. 

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.