Dipan Mehta, Director, Elixir Equities, says HPCL, BPCL & IOC are great trading stocks and you could get 15-20-30% return in a few weeks if you get the timing right. But from a longer-term perspective, I am not so sure. End of the day, there is a great deal of volatility in their earnings despite … Read more
New Delhi: Hours after a media report claimed that Adani Group Chairman Gautam Adani was in talks with Paytm founder Vijay Shankar Sharma to buy a stake in Paytm, the popular fintech company termed the report “speculative”. Paytm informed stock exchanges in a filing that the company is not engaged in any discussions in this … Read more
Adani Group chairman, Gautam Adani, is considering purchasing a stake in Paytm’s parent company One97 Communications, reported The Times of India quoting sources familiar with the matter. As per the report, Paytm founder and CEO Vijay Shekhar Sharma visited Adani at his office in Ahmedabad to “finalise the contours of a deal” on Tuesday. If … Read more
MUMBAI: Adani Group chairman Gautam Adani is looking to buy a stake in One 97 Communications, which operates Paytm, said sources familiar with the matter. Paytm founder & CEO Vijay Shekhar Sharma met Adani at the latter’s office in Ahmedabad on Tuesday to “finalise the contours of a deal”, the sources added. If a transaction … Read more
Vijay Shekhar Sharma, MD, Paytm, says economic growth will be reaching every nook and corner and every village and place and that should be the priority. “That is what I believe the next government should be focused on,” he says.How has been the overall experience in terms of carrying out your business, the last government … Read more
“I do not think the market is bracing for any kind of negative surprise at this point of time. And we do think that given the earnings that we have seen so far and the fact that we have underperformed US markets, there is a scope for some sort of an outperformance once the event … Read more
MUMBAI: Paytm‘s losses widened to Rs 550.5 crore in the March quarter on a consolidated basis from Rs 167.5 crore in the year-ago period as RBI‘s move to impose restrictions on the firm’s banking entity disrupted operations. Revenue from operations during the quarter declined to Rs 2,267 crore from Rs 2,334.5 crore in the year-ago … Read more
MUMBAI: Paytm’s losses widened to Rs 550.5 crore in the March quarter on a consolidated basis from Rs 167.5 crore in the year ago period as the Reserve Bank of India’s (RBI) move to impose restrictions on the firm’s banking entity disrupted operations. Revenue from operations during the quarter declined to Rs 2,267 crore from … Read more
Home Business Job Crisis In Paytm Looms Large After Fall In Share Price And Revenue Amid RBI Action Paytm’s significant step comes after the Reserve Bank of India (RBI) launched a regulatory probe into the startup’s financial arm, Paytm Payments Bank (PPBL). (File) New Delhi: In a major and concerning discussion, fintech major Paytm has … Read more
“I think while the markets are going up, the mood seems to be less elevated across the globe. So, I still think there is some place to go. Just speaking, of course, as a portfolio manager you have to be long and therefore very optimistic, so a little bit of biased stance. But I do … Read more