One 97 Communications, the parent company of digital payments company Paytm, has said that the changes made by NPCI (National Payments Corporation of India) in the fee structure on UPI transactions through RuPay credit cards will have little impact on the company’s business. The company clarified in the information given to the stock exchange that…
Digital payments major PhonePe has filed its draft red herring prospectus (DRHP) to raise capital from the primary markets. While the PhonePe IPO timeline, issue size and other key details are yet to be disclosed, market participants have begun drawing comparisons with its listed peer Paytm, which debuted on the bourses in November 2021. According…
Shares of One 97 Communications Ltd, parent of fintech firm Paytm, have been in focus amid news flow around the potential valuation of PhonePe’s upcoming public issue. The interest is understandable: Paytm is the closest listed comparable peer to PhonePe. Both fintech firms began by facilitating consumer and merchant payments through UPI before expanding into…
The upcoming IPO of PhonePe, with a valuation estimated between $13 and $15 billion, is emerging as a pivotal event in India’s fintech landscape, likely to create significant impacts throughout the sector—particularly for competitor Paytm, according to global brokerage Macquarie Equity Research. In a recent report from Macquarie, it was suggested that PhonePe’s public offering…
highlights New-age companies are growing rapidly on the basis of technology, digital platforms and new business models. Shares of these companies offer investors the opportunity of high returns, but they also come with risks. New Age Stocks, Internet Stocks: In today’s stock investing world, betting on ‘new age’ companies is trendier than ever. While traditional…
Paytm Share Price: Shares of financial services technology platform Paytm’s parent company one 97 Communications fell 4% to Rs 1,117 on the BSE on Friday, even as the company reported strong third quarter results. Paytm reported a consolidated net profit of Rs 225 crore, which is much better than the loss of Rs 208 crore…
Stocks to buy or sell: The Indian stock market suffered significant losses last week amid persistent foreign capital outflows, the rupee’s fall to record lows, mixed Q3 results, and geopolitical uncertainties. Equity benchmark Nifty 50 dropped 2.5% for the week ended January 23. On a monthly scale, the index is down more than 4% in…
The equity shares of One 97 Communications, the parent company of Paytm, crashed 10% on Friday, resuming its downward trend, amid heavy selling pressure. Paytm shares declined as much as 9.99% to ₹1,134.85 a piece on the BSE. Paytm stock price has fallen in four out of the last five trading sessions. The sharp fall…
Equity shares of Paytm parent company One 97 Communications fell 10% on Friday amid heavy selling pressure, resuming a weak streak in the stock. At 145 pm the stock was trading at Rs 1168.80, down 7.30%. Source
Stocks to buy for the long term: Relentless foreign capital outflow, caution ahead of Q3 earnings, geopolitical uncertainties, and a delayed India-US trade deal are keeping the domestic market in a range. The equity benchmark Nifty 50 declined for the second consecutive session on Tuesday, slipping below the 26,200 level. Experts expect the market to…
