Paytm stocks returned to green as they ended 8.4 per cent higher on Friday after witnessing a steady fall for a considerable period.
More millennials are turning investors, shows the Paytm Money report. High-risk products, as well as exchange-traded funds (ETFs), favourites among them
HDFC Mid-Cap Opportunities Fund sold all Paytm shares and HDFC Balanced Advantage reduced exposure to the company significantly according to December portfolio data.
Paytm Was The Biggest IPO by Size in 2021, But Sigachi Industries Saw Maximum Gains On Market Debut And Latent View Was Subscribed The Most. Know which other IPOs were at the top in terms of size, listing gains, and subscriptions.
Paytm Mall, which was founded in 2016, achieved unicorn status in 2018 after raising funds from SoftBank and others. It competes with Amazon, Flipkart and Snapdeal.
One97 Communications Ltd, the parent company which owns and operates the brand Paytm, had recorded a GMV of Rs 72,800 crore in the corresponding period a year ago.
Despite facing severe losses, Paytm will turn profitable by March 2026 says the analysis of a brokerage firm. The analysis report also mentions that the business model of Paytm is sustainable since it is the most impactful and real-economy internet business.
Various Indian companies are planning to raise more than $1 billion combined from initial public offerings in December. Companies waiting in the queue include MedPlus, Vedant etc.
Paytm-owner One97 Communications posted its maiden result post listing last week, reporting an expansion in revenue on the back of growth in payments and financial services. What does this mean for investors?
The Gurugram-based fintech startup had filed its draft papers for a Rs 1,900 crore IPO in July, which was approved by market regulator Securities and Exchange Board of India (Sebi) in October.
While Paytm shares have shown positive growth in the early trade today, however, it remains to be seen whether the digital payment firm will be able to sustain the volatility in the market.
In an interview to Moneycontrol, the BharatPe founder said the failed listing could end the frenzied cycle of IPOs in the country. Moreover, the impact of this failed listing could potentially spiral out to the upcoming IPOs this financial year, including that of state-insurance company, LIC India.
On NSE, it tumbled 13.39 per cent to Rs 1,351.75. On Thursday, the company’s made a weak market debut and tumbled over 27 per cent from the issue price of Rs 2,150.
Shares of One97 Communications, the parent firm of Paytm, listed at a 9 per cent discount on the bourses on November 18, debuting at Rs 1,955 per share.
On November 18, the shares of One97 Communications Ltd, Paytm's parent company, plummeted 27 per cent in their market debut.
While next-gen companies offer promise citing their newly-found utility, several analysts suggest that the companies need to be given time before their financial books are able to reverse the profitability woes.
Recent research by the online business publication, Moneycontrol revealed that at an issue price of Rs 2,150 per share, mutual funds invested a total of Rs 1,050 crore.
In an interview to NDTV, he said this is the first time in history that Indians are creating technology for Indians which has the potential to be further exported. He said the company would now have to do a better job in explaining the model.
He would take his colour, brushes and canvas outside to paint and talk with his love. He would stand close to the window and paint, keeping an eye on his muse.
They say the violin mimics the human sound. In his case, it was that of love, of longing. He didn’t know any other way of loving.
Younger people do not have much progressive beliefs; a 2017 survey found that one-third of young people opposed inter-caste marriage.
The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.
Even after two years of the Covid-19 pandemic, many 'informed' individuals in India continue to deny the virus with unscientific claims and unfounded data. The latest? Omicron will end the pandemic.
Across Asia there are deeply entrenched obstacles to a mode of higher education that is liberal in multiple senses – disciplinary and epistemological but also social and political.
The two incidents in the recent past, one in Mon district of Nagaland and the other at Lakhimpur Kheri in Uttar Pradesh, undermined the core principles democracy and federalism.