Friday, 20 May, 2022

Topic: Paytm

Macquarie’s Paytm analyst who predicted slump further cuts target price

Macquarie’s Suresh Ganapathy cut his price estimate to Rs 450 from Rs 700, citing lower valuations for fintech companies globally.

SoftBank Vision Fund’s Munish Varma resigns from Paytm board

Varma resigned on 14 March due to 'personal commitments and other pre-occupations,' Paytm said. Varma also quit from the board of PB Fintech the same day.

Paytm shares tumble after RBI bars its payments bank from accepting new customers

RBI statement said action against Paytm Payments Bank based on “material supervisory concerns” & restrictions will continue pending an audit of its information-technology systems.

Paytm’s rising buy ratings signal return of confidence after IPO disaster

Buy recommendations on One 97 Communications, the operator of Paytm, climbed to 4 this week, up from just 2 at the start of the year. Sell ratings remained unchanged at 3.

Paytm reports wider losses in December quarter after disastrous IPO

Paytm reported a loss of Rs 780 crore for the quarter, compared with a loss of Rs 474 crore a quarter earlier. Revenues rose 34% to Rs 1,460 crore.

Paytm stock rout is proving to be an expensive lesson for early backers Berkshire, SoftBank

Paytm is struggling to convince investors and analysts alike of the potential for its business model. Losses widened to Rs 474 crore in the September quarter amid rising expenses.

RBI extends card tokenisation deadline by 6 months until June-end next year

The exercise refers to card information stored by payment gateway and merchants to process future transactions. RBI said the data shall be purged after 30 June 2022.

Paytm gets first bullish rating from major broker after dismal listing, spate of bearish views

Morgan Stanley has started coverage on the digital payments startup with an overweight rating and a price target of Rs 1,875, which implies 43% upside from Tuesday’s close.

Paytm shares sink to record low since market debut as investors remain cautious

The stock dropped 5.6% to Rs 1,321 in Mumbai, extending this week’s losses to almost 16%. The stock is now down nearly 39% from its issue price of Rs 2,150.

Paytm receives first ‘buy’ rating after IPO flop

Dolat Capital Market, third brokerage to initiate coverage on Paytm, says its transition to a 'manufacturer' of financial services from an agent will help the digital payments firm.

On Camera


PT Pertamina Balongan refinery in Indramayu, Indonesia | Representational image | Bloomberg

Asian refiners to ramp up gasoline exports to US as sky-high prices beckon

In Asia, gasoline margins have doubled to more than $33 a barrel since the end of March and have edged above those for diesel, which have eased from a peak in early May.


File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.