This is expected to bring cheers among investors. With Chinese shareholding reducing their stake, it will benefit the company in their Foreign Direct Investment (FDI) aspect.
SoftBank had a 17.5% stake in Paytm’s parent One 97 Communications Ltd, as of Sept. 30. The stock is being sold in a range of 555 rupees to 601.45 rupees per share, said the report.
This comes a day after ED carried out search operations across the country under Prevention of Money Laundering Act, in an investigation related to an app-based token named HPZ.
Analysis of 6 major tech IPO launches of 2021 — Zomato, Paytm, Nykaa, Fino Payments Bank, Policy Bazaar and CarTrade Tech — shows investor euphoria could be fading.
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.
RBI statement said action against Paytm Payments Bank based on “material supervisory concerns” & restrictions will continue pending an audit of its information-technology systems.
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.
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
COMMENTS