Paytm, India’s leading digital payments brand, faces another reckoning, a time after it recorded the horrific original public immolation in India’s history. This week, the cinch-up period for the company’s stock will expire, freeing investors to vend shares that have n’t yet been allowed onto the request. The biggest shareholders in One97 DispatchesLtd., Paytm’s parent […]
Paytm Q2 loss widens to Rs 571.5 crore, operating revenue jumps 76%
One 97 Communications, the operator of mobile payments and financial services company Paytm, has posted a consolidated loss of Rs 571.5 crore for the quarter ended September FY23, widening from a loss of Rs 473.5 crore in same period last year. However, the loss narrowed from Rs 645.4 crore recorded in Q1FY23. Consolidated revenue from […]
Govt seeks₹640 billion value for IDBI Bank in stake sale
India is pushing for a valuation of around 640 billion rupees ($7.7 billion) for state-owned IDBI Bank Ltd. in what could be the biggest sale of the government’s stake in a lender in decades, according to a person familiar with the matter. The government earlier this month invited bidders for a 60.72% stake in the […]