MUMBAI: Ant Financial, the fintech arm of Chinese e-commerce giant Alibaba Group, is planning to offload shares worth nearly Rs 2,200 crore in One97 Communications, the parent company of Paytm, via block deals on Tuesday. Shares are likely to be offered at a floor price of Rs 809.7 apiece — a 6.4% discount to Paytm’s … Read more
One 97 Communications, which operates fintech platform Paytm, will announce its Q4FY25 earnings on Tuesday, with some brokerages expecting the company to swing into profits. Profit after tax (PAT) is estimated to range between Rs 3.6 crore and Rs 4.5 crore, according to JM Financial and Yes Securities. However, Motilal Oswal Financial Services (MOFSL) projects … Read more
In a clear display of divergent strategies, foreign institutional investors (FIIs) and mutual funds took opposite calls on a clutch of new-age stocks during the March 2025 quarter. An analysis of 14 new age stocks shows that FIIs chose to cut their stakes 8 scrips in Q4FY25 compared to the Q3FY25, while mutual funds raised … Read more
While earnings season has started, HDFC Bank’s earnings on Saturday, April, 19, 2025 will be a curtain raiser for the BFSI pack. Brokerage Motilal Oswal FInancial Services (MOFSL) remains bullish on banks, expecting outperformance. NBFCs could pivot back to growth, it said. Based on reasonable valuations and a healthy growth outlook, MOFSL has curated a … Read more
Paytm, a leading digital payments provider, has enhanced its Unified Payments Interface (UPI) service by introducing a new feature that allows users to download transaction statements in Excel format. This development, announced by the company, aims to assist users in better managing their finances, specifically aiding in tax filing and daily expense tracking. The new … Read more
The Reserve Bank of India (RBI) announced on Friday that users of Prepaid Payment Instruments (PPI) are now permitted to conduct UPI payments through third-party UPI applications. While UPI payments between bank accounts can be done using the bank’s own UPI app or any third-party provider’s app, UPI transactions involving PPIs must currently be completed … Read more
Paytm shares rallied over 4% to hit their 52-week high at Rs 939 in Monday’s trade on BSE after the digital payments service provider announced the launch of an automatic top-up feature for its UPI LITE service, enabling PIN-less transactions for payments under Rs 500. The new feature, currently available for select Yes Bank and … Read more
The second quarter earnings season is underway and as many as 182 companies will declare their results this week. Some of the marquee names include ICICI Bank, YES Bank, ITC, Bajaj Housing Finance, HUL, Ultratech Cement, Bajaj Finance, Bajaj Finserv, IndiGo, Paytm, and Zomato among others. Here are the key earnings to watch out next … Read more
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
One 97 Communications which operates payments platform Paytm, is expected to report a net loss between Rs 1,013 crore and Rs 840 crore for the quarter ended June 2024 according to estimates by a couple of brokerages. The revenue for the reporting quarter is expected in the range of Rs 1,532 crore and Rs 1,490 … Read more