Today’s Stock Market: Since the Reserve Bank of India took action against One 97 Communications (Paytm), the share price of the payment bank has dropped by more than 40%. In its primary business sectors, One 97 Communications (Paytm) is anticipated to announce a notable drop in revenue for the quarter ending in June 2024. Indeed…
The State Bank of India (SBI) has successfully raised Rs 10,000 crore through 15-year infrastructure bonds aimed at funding projects in sectors such as power and roads. These bonds carry a fixed coupon rate of 7.36 percent. The issue attracted nearly four times the base issue size of Rs 5,000 crore in subscriptions. Previously, in…
Varun Sridhar: Paytm Money, a subsidiary of One97 Communications, is expected to name Rakesh Singh, former CEO of Fisdom’s broking division, as its new CEO following Varun Sridhar’s resignation. This information comes from two sources. The official appointment of Rakesh Singh awaits a board meeting, which is likely to occur within a week, according to…
Amazon Pay is collaborating with the National Payments Corporation of India (NPCI) to introduce credit options for customers on the unified payments interface (UPI). Vikas Bansal, the whole-time director of Amazon Pay India, emphasized that their objective is to innovate in collaboration with NPCI. Introducing credit on UPI is a significant initiative, and they are…
Kotak Mahindra Bank’s share price: Kotak Mahindra Bank has officially completed the acquisition of Sonata Finance Private Limited (“Sonata”), marking its full ownership of Sonata. The acquisition, which concluded today, involved a total consideration of approximately Rs. 537 crore. On March 28, at 1:33 pm on the BSE, Kotak Mahindra Bank’s stocks were trading positively,…
Forex: India’s foreign exchange (forex) reserves saw a substantial uptick, surging by $6.396 billion to reach $642.492 billion for the week ending March 15, as per the most recent data released by the Reserve Bank of India (RBI). This follows a notable increase in the previous reporting week, where the overall reserves had climbed by…
IIFL Finance’s Share price: IIFL Finance’s share price ended the previous session on the NSE 3 percent down at ₹598.00. IIFL Finance Shares plummeted 20% today (March), hitting the lower circuit after the Reserve Bank of India (RBI) directed the company to stop authorizing or disbursing gold loans immediately. According to a press release issued…
Paytm shares: At 1:11 pm, Paytm shares were being traded at Rs 457.15 on the BSE, marking a nearly 10 percent decrease from the previous closing price. On the afternoon of February 8, shares of One97 Communications, the parent company of Paytm, continued to decline following the Reserve Bank of India’s announcement regarding action taken…
