ADITYA BIRLA APP
ONDC is bulking up financial services play with consumer-facing apps
Tata Group's super app Tata Neu and credit marketplace Paisabazaar are conducting pilot studies for credit disbursals through the ONDC network, with lenders like DMI Finance and Aditya Birla Finance already integrated.
Mukesh Ambani's fintech juggernaut starts rolling: The road ahead
Ambani's latest fintech business under Jio Financial Servics Ltd (JFSL) aims to ride on extensive consumer network as well the data Reliance has acquired. The tracks that consumers leave while shopping and using Reliance products and services will form a strong databank for JFSL.
A quarter of hits & a few misses; and other top tech, startup stories
Welcome to another edition of ETtech Unwrapped – our weekend newsletter. This is Pranav Mukul in New Delhi. This week we’ve wrapped up another compelling quarterly earnings season for listed new-age companies from Zomato and Delhivery to Paytm and PB Fintech.
The super app bandwagon; Tata Digital revamped
Happy Tuesday! Traditional financial services firms are the latest to launch so-called super apps. This and more in today’s ETtech Morning Dispatch.
Traditional financial services catch the super app bug
Financial services companies such as Aditya Birla Capital, Angel One and Muthoot Fincorp are building superapps -- a one-stop applications for all their customers' needs. This development comes as large groups such as Reliance Industries and Tata Group have already rolled out such superapps for everything from shopping to payments and credit under one roof.
Vodafone Idea plans to open more retail outlets: Executive
Empowered by a recent infusion of equity funding, Vodafone Idea (Vi) aims to expand its network of retail outlets throughout this fiscal year. This strategic move is designed to bolster sales and enhance customer loyalty, essential for the financially constrained telecom operator to heighten its competitive stance against formidable adversaries like Reliance Jio and Bharti Airtel.
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Aditya Birla Capital seeks to double customer base through new digital app
Aditya Birla Capital Ltd (ABCL), a non-banking finance company of the $65 billion cement to fashion group, plans to double its customer base in three years through a new digital application. The application will allow the company to lend, sell insurance, and offer payment solutions to customers, doubling its current 35 million.
Fintech players in various stages of onboarding: ONDC’s Koshy
ONDC had published specifications and protocols for players in the financial sector (for credit, insurance and mutual funds) to onboard onto the network as buyer and seller network participants in November last year.
F&O Ban List: RBL Bank among 5 stocks under trade ban on Wednesday. Zee, 5 others exit
F&O Ban List: Six stocks that were under the F&O ban on Tuesday have now exited. These stocks are Aditya Birla Fashion and Retail (ABFRL), Delta Corp, Indian Energy Exchange (IEX), Polycab India, Steel Authority of India (SAIL) and Zee Entertainment Enterprises (ZEEL).
F&O Ban List: RBL Bank among 11 stocks under trade ban on Saturday. PVR, Metropolis make exit
The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban.
F&O Ban List: Balrampur Chini among 13 stocks under trade ban on Friday. Chambal Fertilisers out
The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.
F&O Ban List: IEX among 13 stocks under trade ban on Thursday; Biocon, PEL exit
The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban.
F&O Ban List: Ashok Leyland, Polycab among 15 stocks under trade ban on Wednesday
The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.
F&O Stock Strategy: How to trade Coforge, OFFS, Aditya Birla Capital
Given the bullish circumstances, three stocks have formed a strong setup on the technical charts giving an attractive risk-to-reward ratio.
Q3 results today: HCL Tech, Wipro among 18 companies to announce earnings
Today, the focus will be on the results of HCL Technologies and Wipro.. Other important results include HDFC Life Insurance Company, Anand Rathi Wealth, Aditya Birla Money, Den Networks, and Tata Metaliks. HCL Technologies is expected to beat sector seasonality with a rise in revenue, while Wipro's performance is expected to be muted due to furloughs and weak demand.
Century Textiles shares shoot up 20% in 2 sessions. Here’s why
Shares of Century Textiles and Industries have surged over 20% in two sessions after the Aditya Birla Group company informed exchanges about a clutch of investors visiting its flagship real estate project 'Birla Niyaara' on Thursday.
ZestMoney saga highlights drying NBFC credit flow
PayU and Goldman Sachs-backed ZestMoney shut down operations, while Paytm decided to scale down its BNPL product Paytm Postpaid. Large NBFCs with significant exposure to consumer lending startups are going cautious.
F&O stock strategy: How to trade in Aditya Birla Fashion & Dalmia Bharat?
A look at the OI data for the weekly series suggests that significant Call Writing build-up is witnessed in 20,900 and 21,000 strikes in Nifty, while on the Put side, 20,800-20,700 witnessed considerable open interest additions.
F&O stocks: ICICI Lombard General Insurance, Dalmia Bharat among 5 stocks with short buildup
When a trader is expecting the stock prices to fall, he may sell the stock without owning that and buy at a lower price
Sensex declines 200 points as Powell's hawkish comments hurt Street's festive spirit
The Fed is not confident that it has achieved a sufficiently restrictive stance to bring inflation down to 2%, Powell said, triggering a rise in US Treasury yields. The odds of a 25 basis-point rate hike in December rose to 12.1% from 9.6% a day before.
Aditya Birla Fashion Q2 Results: Company posts Rs 200 crore loss; sales at Rs 2,510 crore
Aditya Birla Fashion and Retail Ltd on Thursday reported a consolidated net loss of Rs 200.34 crore for the second quarter ended September 2023.
Aditya Birla Capital, Berger Paints, 5 more stocks cross 100-day SMA
Several major stocks in the Indian market demonstrated significant moves by crossing their 100-day SMA, signaling potential shifts in their stock trends.
Accumulating Voltas and Aditya Birla Retail on every dip: Sandip Sabharwal
Sandip Sabharwal suggests that stocks like Voltas and Aditya Birla Retail are in the value zone on the consumer side and can be accumulated on dips. He believes these stocks have limited downside and expects a 25-30% return over the next one and a half years. Sabharwal also says SBI will have the lowest net interest margin (NIM) compression among PSU banks. Sabharwal mentions that the banking space may see a comeback if non-performing assets (NPAs) remain stable and do not increase.
Ad sales rebound boosts Meta’s Q2 earnings; bumper listing for Netweb Technologies
A bounceback in the digital ads business has helped Meta Platforms beat market expectations with a double-digit rise in both revenue and profit in the second quarter. This and more in today’s ETtech Top 5.
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 25%, according to analysts
ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 25%, according to analysts
ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
Decoding Paytm’s aggressive lending and collections playbook
Paytm is betting big on credit to turn around its flagging fortunes and given the growth and the impact on its topline, it seems to be working too. But credit is a difficult game and history tells us quick growth is always followed by the slump of bad loans. Will Paytm manage to change that with its in-house collection capabilities?
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 25%, according to analysts
ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
Midcap stocks with ‘strong buy’ & ‘buy’ recos that can rally over 25%, according to analysts
ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
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