Business  /  Published 09.08.22

Stocks at a 4-month high

Rupee falls The rupee depreciated by 39 paise to close at 79.63 against the US currency on Monday, pressured by dollar demand and waning risk appetite among investors. Lower crude oil prices and a ra...
By PTI, Reuters, NYTNS in Mumbai

Business  /  Published 06.08.22

Uco Bank profit rises 22%

In value terms, gross NPAs fell to Rs 9,739.65 crore from Rs 11,321.76 crore. Net NPAs too declined to 2.4 per cent in the quarter under review from 3.85 per cent a year ago. The bank’s provis...
By Our Bureau in Calcutta/New Delhi

Business  /  Published 22.05.22

Paytm MD tenure renewed

Paytm founder Vijay Shekhar Sharma has been re-appointed as the managing director and CEO of the company for a period of five years. In a regulatory filing on Saturday, One97 Communications, which op...
By Our Special Correspondent in Mumbai

Business  /  Published 13.05.22

Paytm blow to SoftBank

In November 18, 2021, shares of One97 Communications had debuted at Rs 1,955  on the BSE — a discount of 9 per cent to the issue price of Rs 2,150 per share. It then ended at Rs 1,564.15 a...
By Our Special Correspondent in Mumbai

Business  /  Published 07.04.22

Paytm breakeven hope

Vijay Shekhar Sharma, the founder of Paytm, on Wednesday said the fintech firm will break even at the EBITDA (earnings before interest, taxes, depreciation & amortisation) level within six quarter...
By Our Special Correspondent in Mumbai


Business  /  Published 13.03.22

Final date to launch LIC IPO

The government has time till May 12 to launch the initial public offering (IPO) of LIC without filing fresh papers with market regulator Sebi, an official said. The government's sale of about 31....
By Our Bureau, PTI in New Delhi

Business  /  Published 12.03.22

Curbs placed on Paytm bank

The Reserve Bank of India (RBI) on Friday barred Paytm Payments Bank from on-boarding new customers with immediate effect, dealing a major setback to the Vijay Shekhar Sharma-led entity’s plan t...
By Our Special Correspondent in Mumbai

Business  /  Published 11.03.22

RBI diktat to Paytm Payments Bank

The RBI on Friday asked Paytm Payments Bank to stop opening new accounts amid "material supervisory concerns" observed in the bank. "Reserve Bank of India has today, in exercise of its...
By Our Bureau, PTI in Mumbai

Business  /  Published 11.03.22

Paytm eyes small bank licence

Shares of One97 Communications, parent of Paytm, on Thursday gained almost 3.50 per cent amid reports that its arm is likely to apply for a small finance bank (SFB) licence. On the BSE, the Paytm scr...
By Our Special Correspondent in Mumbai

Business  /  Published 26.02.22

Zomato, Paytm, Nykaa in Nifty Junio

Three of the new age stocks that were listed last year — Zomato, Paytm and Nykaa — will be a part of the Nifty Next50 index from March 31. The Index Maintenance Sub-Committee — Equi...
By Our Special Correspondent in Mumbai


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