PAYTM MARKET CAP
IPO market picks up after two years of slowdown; is it the right time to invest in IPOs?
Are you also planning to invest in the upcoming IPOs? Brokerages often express bullish views on IPOs because increased investor participation benefits their business. However, take their advice with a pinch of salt. Here are a few things to keep in mind before you invest
Unlisted shares offer terrific returns, but also carry very high risks; should you invest?
In the past decade, many Indians have embraced the equity culture and started investing in stocks and equity mutual funds. Some analysts feel that retail investors should put money in unlisted shares if they want outsized returns. Other financial advisers say retail investors should not dabble in unlisted shares for the simple reason that the risk they entail is not worth the rewards they offer.
UPI transactions set new record, scale 14 billion peak in May
The Unified Payments Interface (UPI) network, operated by the National Payments Corporation of India (NPCI), has achieved a significant milestone by processing a record 14.04 billion transactions in May, surpassing the 13.3 billion transactions recorded in April. In terms of value, UPI facilitated transactions amounting to ₹20.45 lakh crore in May, compared to ₹19.64 lakh crore in April, as per the data released by NPCI on Saturday.
UPI transactions scale 14 billion peak in May
The record high transactions come after a month-on-month dip in volumes in April to 13.3 billion, with the network dropping 1% from 13.44 billion in March. In May, the average daily transaction value was Rs 65,966 crore with average daily volumes at 453 million. UPI is the fastest growing digital payments channel in the country.
Airtel's $100b market capitalisation reflects a stable economy under a solid leader: Sunil Mittal
Sunil Bharti Mittal, Chairman of Bharti Enterprises, emphasized that Airtel's resurgence post the challenges posed by Reliance Jio's entry and the AGR ruling showcased India's stable economy and supportive policies under strong leadership. Reflecting on Airtel's path to the $100-billion milestone, Mittal highlighted the company's resilience amidst industry disruptions. He noted that Airtel's achievement as the first-generation Indian company to reach this milestone was significant, especially considering the competitive landscape.
Expect 15-18% upside in Sun Pharma over medium to long term: Hemang Jani
Sun Pharma numbers were slightly below expectations in terms of EBITDA and we do think that though they have guided for a very strong growth through their speciality portfolio, that is a little bit time away.
- Go To Page 1
Markets peak on optimism, not on relative pessimism: Deepak Shenoy
It seems to be, but people seem to still be very scared. Everybody I am talking about is little worried that the markets will fall or that they have reached a peak and there is so much high. So, I think the problem is markets peak on optimism, not on relative pessimism, like we see today.
Paytm among worst performing fintech stocks as earnings loom
Emkay Global’s analyst Anand Dama expects a further 16% correction, arguing that the fourth quarter results “won’t capture the full extent of business disruptions caused due to the drop in UPI and bill payment market share.”
India to get $2.5 billion FII boost from MSCI rejig, 21 stocks to benefit
India's weight in the MSCI Emerging Markets index will increase to around 19% on May 31, attracting FII inflows of $2.5 billion. The adjustments will affect India's stock count in the MSCI Standard/EM and Smallcap Indexes. China, with a 25.7% weight, has the highest representation in the MSCI EM Index.
UPI’s rural push; India as software IPO destination
Happy Wednesday! The country’s central bank wants more rural users to log into Unified Payments Interface (UPI). This and more in today’s ETtech Morning Dispatch.
NPCI to delay payments market cap, helping Walmart-backed PhonePe, Google Pay
India delays market share caps for digital payments, benefiting PhonePe and Google Pay. NPCI extends UPI market share cap deadline. PhonePe's UPI share increases to 48.3%, while Google Pay's decreases. Total transactions volume reaches 11.5 billion.
Paytm market cap nears $2.5 billion as shares continue to tumble
When it was listed on the public bourses in 2021, Paytm was valued at nearly $20 billion.
Paytm market cap nears $2.5 billion; state-run banks turn to GenAI
Paytm’s market capitalisation is down to nearly $2.5 billion after a ninth straight session of declines on the BSE.
Upside capped for Kotak Bank stock in near term, but downside's limited, too
"The digital acquisition of customers will be adversely impacted but the reputational impact is surprising since Kotak is considered to be a conservative bank with good processes and systems in place," said Kaitav Shah, banking analyst, Anand Rathi Brokerage.
NPCI pushing new UPI players to offer incentives to expand market share
NPCI encourages new UPI apps to invest for user growth. Uncertainty looms over market share deadline extensions, hindering significant capital investment by smaller players like Cred amid concerns about reducing market leaders' share.
View: Sebi & RBI's hyperactivity catches market by surprise; but it's for restoring credibility
Recent hyperactivity at India’s banking regulator and securities watchdog surprises the market. Commercial lenders are accused of concealing bad loans, while investment banks under scrutiny for pushing IPOs past the line using mule accounts. Fintech firms in Bengaluru and traditional finance industry in Mumbai are feeling the regulatory pressure.
Pine Labs, Zepto, Meesho press the home button; decoding UPI’s market share cap
Happy Wednesday! A wave of Indian technology startups, including Pine Labs and Zepto, are actively working on plans to shift their domiciles to India. This and more in today’s ETtech Morning Dispatch.
It’s okay to go bullish till Budget and evaluate for next 6-9 months: Samir Arora
Samir Arora, Founder & Fund Manager of Helios Capital, discusses the recent BAT sale of stake in ITC, the strategy of retail investors, the performance of Paytm, PhonePe, Zomato, Bitcoin, and gold, and advises to remain bullish till budget for the next six-nine months. Arora says "too much money flow thing is a reason why everything is good news. Everything is not good news in life."
Paytm shares crash another 9% as investors lose Rs 26,000 crore in 10 days
Global broking firm Macquarie, which has shared a love-hate relationship with Paytm stock, has downgraded the new-age stock to underperform with a target price going as low as Rs 275.
CDSL reviews Paytm Money's KYC process
Paytm Money, the wealth management entity run by One 97 Communications, is being inspected by the Central Depository Services India. Earlier, RBI asked Paytm Payments Bank to stop banking services from the end of this month. However, this order does not have any direct impact on Paytm Money, which operates independently.
Paytm crisis: Startup founders write to FM, RBI Guv seeking review of central bank action
The note, signed by startup founders including Policybazaar's Yashish Dahiya, Bharat Matrimony’s Murugavel Janakiraman, Makemytrip’s Rajesh Magow and Ritesh Malik of Innov 8 said the RBI order would have a far-reaching impact on the ecosystem than just on Paytm as a company. The founders requested the regulator to reassess "the proportionality of restrictions".
Paytm shares crash over 42% in 3 days; investors lose Rs 20,500 crore
Shares of Paytm fell 10% due to regulatory crisis and investigation by the Directorate of Enforcement. The stock has lost 42.4% of its value in the last 3 trading sessions. Experts advise against bottom fishing. Paytm Payments Bank faces an existential crisis due to RBI's ban. Paytm has been under ED investigation since 2021 for alleged money laundering and illegal betting.
Paytm’s damage control; UPI market share cap back in focus
Happy Monday! The top brass at Paytm held meetings with senior executives at One 97 Communications and Paytm Payments Bank to chart their future course. Details of this and more in today’s ETtech Morning Dispatch.
Stock market crash: What to do when your large-cap stocks plunge?
The key takeaway is that large-cap stocks seem stable, but are not immune to sudden dips. Panic can play a role, but it’s crucial to remember the inherent strength and momentum of these companies. Don’t let short-term fluctuations, especially during panic selling, cloud your judgement about a company’s long-term potential.
Paytm crisis brings 30% market share cap plan back in focus
Following the RBI's order barring Paytm Payments Bank from offering banking services after February, a debate over implementing a 30% market share cap for unified payments interface platforms has been reignited.
Layoffs at big internet firms keep staffers at startups on the edge
The new year has begun on a sombre note for people working in large and well-capitalised startups as companies like Swiggy, Flipkart, and Paytm are laying off a sizable chunk of their teams.
ETtech Exclusive: Paytm lays off over 1,000 across units amid cost-cutting
At least 10% on payroll hit in one of year’s biggest startup layoffs. Paytm spokesperson disputed the number of fired employees, but acknowledged layoffs, pointing out that it intends to save 10-15% of staff costs.
Udaan's fundraise; VC-backed listed tech firms hit $50B market cap
Business-to-business (B2B) ecommerce firm Udaan has raised $340 million through conversion of its debt and fresh equity infusion. This and more in today’s ETtech Top 5.
VC-backed Indian public firms scale to $50 billion in market cap: Tribe Capital report
“As we’ve continued monitoring and diving into the Indian VC ecosystem, one of our investment indicators, “Total Market Capitalization of VC-Backed Companies Public in India,” crossed $50B,” Sethi wrote in a LinkedIn post.
Load More
