At least some of the IPO prospects that have been looking to benefit from the flood of transactions may now rethink the timing and pricing of their issues.
Sharma encouraged employees to look past the initial stumble and to focus on the long-term opportunities for bringing digital payments to India's fast-growing internet population.
The proposals from SEBI come as the country is set for a record year for IPOs and follow the RBI's decision to impose limits on borrowers seeking to buy shares of a new listing.
The next step for Paytm and its payments bank is to amalgamate into a full-fledged, unrestricted lender, credit-card issuer and deposit taker. That’s where the pot of gold lies.
The sale received bids for 34.7 million shares against 26.5 million offered. Anchor investors bid 60 times more than the shares on offer for their category.
Set up by Lal bahadur Shastri, the Santhanam Committee's key concern was that corruption, once limited to the lower rungs of the bureaucracy, had now infected the All India Services and political leadership.
In the latest budget, the FDI limit was increased to 100 percent, but most foreign companies are not buying such large stakes in the Indian insurance sector.
Modi government had also made numerous efforts to establish peace with Pakistan but has now adopted a different path, militarily, to establish peace, adds defence minister.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
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