PAYTM HERO FINCORP
Block deals worth over Rs 40,543 crore this week. Indus Towers, HAL, Suzlon Energy among stocks with major action
Despite the Nifty index closing the shortened trading week with a slight increase of 0.4%, significant activity was observed in block deals. Over three dozen companies across various market caps saw block deals worth a total of ₹40,543 crore, involving both buying and selling.
Amid Paytm crisis, Indian NBFCs explore options for loan disbursal
Indian non-bank lenders are exploring alternative options for loan disbursal amid concerns over the regulatory issues surrounding Paytm, which has led to a temporary halt in its lending services. While lending partners have not terminated contracts with Paytm, they are reportedly seeking alternatives due to uncertainty about when lending services might resume through the Paytm app.
Paytm Q3 loss narrows to Rs 222 crore; firm to focus on large-ticket loans
Paytm's revenue from operations for the December quarter increased 38% to Rs 2,850.5 crore. Paytm said the increase in revenue was on the back of accelerated growth in gross merchandise value, payments device additions and an expansion in the financial services business.
Decoding MobiKwik’s second attempt at public listing
This is the second time One MobiKwik Systems has filed its draft papers. MobiKwik had abandoned its initial listing plans in 2021, citing weak market conditions. Here's a look at how it is shaping up its business.
Paytm scales down small-ticket loan business amid regulatory hurdles
This move assumes significance at a time when the Reserve Bank of India has instructed banks and NBFCs to slow down on their unsecured lending business and increase risk weightage on such loans.
Paytm to go slow on small-ticket loans; MPL's FY23 report card
Paytm will scale down its Postpaid business as recent regulatory hurdles have prompted a strategy rethink at the payments firm. This and more in today's ETtech Top 5.
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Rs 6,907-cr block deals take place this week; Paytm, Honasa Consumer among stock with significant action
In the largecap segment, 15 companies witnessed significant block deals on the screen which were worth Rs 2,071 crore led by Bharti Airtel with 18 block count, totalling Rs 374 crore. The next in line were Bajaj Auto (Rs 352 crore), Shree Cement (Rs 218 crore), UltraTech Cement (Rs 144 crore), ICICI Prudential Life Insurance Company (Rs 143 crore), Axis Bank (Rs 141 crore), HDFC Bank (Rs 141 crore) and Bajaj Finance (Rs 119 crore).
How Kunal Shah's Cred is rejigging the fintech’s lending strategy to tap more users
In a major change to its lending strategy, Cred plans to cater to consumers who are new to credit and have never taken any formal credit in the past, two sources in the know told ET
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?
Loan disbursal jumped four-fold in December 2022, says Paytm
The number of loans grew 117 per cent y-o-y to 3.7 million for December and 137 per cent y-o-y to 10.5 million cumulative loans for the three months ended December 2022.
Get ready for the seventh edition of ET 40 under Forty
Regarded as the definitive listing of India Inc’s leading young business leaders, who have excelled across all metrics of success, the study honours 40 of the brightest corporate leaders, entrepreneurs, and owner-professionals under the age of forty.
Unlisted but not listless: Companies with high initial public interest
Shares of CSK, Paytm, Ola, Oyo, Swiggy, among others, are being traded in sizable lots.
PE investments halve to $3.2 billion in July-September quarter
On a quarter-on-quarter basis, the deal value was lower by 5 per cent as the April-June quarter of this year had witnessed 135 transactions worth $ 3.4 billion.
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