Shares of One97 Communications, the parent entity of Indian mobile payments and financial services company Paytm, surged 12 per cent to Rs 887.55 on the BSE in Monday’s intra-day trade after founder and chief executive officer (CEO) Vijay Shekhar Sharma entered into an agreement with Antfin to purchase 10.3 per cent stake in Paytm through… Continue reading Paytm rallies 12% as Vijay Shekhar Sharma buys 10.3% stake from Antfin
Investors in India see yet another year of high rates on price shock
By Subhadip Sircar and Malavika Kaur Makol Traders in India are pushing back rate-cut bets to later next year as a sudden spike in food prices may send inflation above the central bank’s tolerance limit. Overnight-indexed swaps show that India’s borrowing costs are likely to decline only in the second… Continue reading Investors in India see yet another year of high rates on price shock
Former Pakistan PM Imran Khan can only be knocked out by votes, not courts
By Mihir Sharma Not for the first time in its modern history, Pakistan’s judiciary — tacitly backed by the rest of its “establishment” — appears to be seeking to snuff out the career of a leading politician. Late last week, former Prime Minister Imran Khan was convicted of misappropriating official gifts. He… Continue reading Former Pakistan PM Imran Khan can only be knocked out by votes, not courts
China or India? Where should investors put their money in coming Asia boom
By Abhishek Vishnoi and Charlotte Yang Money managers are navigating an historic shift: India’s population, at 1.43 billion, edged past China’s this year. Now the world’s most populous country, India could experience a decades-long investment boom. Goldman Sachs Group Inc. analysts expect its share of global equity market capitalisation to… Continue reading China or India? Where should investors put their money in coming Asia boom
Vijay Shekhar Sharma to buy a 10.3% stake in Paytm from Antfin for $628 mn
Vijay Shekhar Sharma, founder and chief executive officer (CEO) of Paytm’s parent One97 Communications, has agreed to purchase a 10.3 per cent stake in the fintech firm from Antfin (Netherlands) Holding BV, the company said in a filing on Monday. The purchase will be made off-market via Sharma’s 100 per cent owned Netherlands-based entity… Continue reading Vijay Shekhar Sharma to buy a 10.3% stake in Paytm from Antfin for $628 mn
Expect a time, price correction over next few months: Jyotivardhan Jaipuria
Premium Jyotivardhan Jaipuria, founder & MD, Valentis Advisors After a sharp run since their March 2023 lows, the markets seem to be in a phase of consolidation. JYOTIVARDHAN JAIPURIA, founder and managing director at Valentis Advisors, tells Puneet Wadhwa in a telephonic conversation that they have been creating some cash recently to enable them… Continue reading Expect a time, price correction over next few months: Jyotivardhan Jaipuria
Rahul Gandhi back in the field
Shipping Corporation soars 10% on govt’s approval to demerger plan Rahul Gandhi convicted in Modi surname defamation case: What we know so far Modi surname case: Supreme Court stays conviction of Rahul Gandhi The political impact of Rahul Gandhi’s legal woes ‘Truth always triumphs’: Rahul Gandhi after relief from Supreme Court Missteps in Manipur may… Continue reading Rahul Gandhi back in the field
House fire, reported explosion kills 2, injures 1 in Indiana: Officials
Busenbark said first responders who entered the house after the fire was put out found two people dead. The deceased were identified by the Montgomery County Coroner as Richard Chastain, 90, and Marilyn Fox, 91 | Representative Image Two people in their 90s died and a third person was injured when a fire and… Continue reading House fire, reported explosion kills 2, injures 1 in Indiana: Officials
Amit Shah to move Delhi Services Bill in Rajya Sabha today
Union Home Minister Amit Shah is all set to move the Government of National Capital Territory of Delhi (Amendment) Bill, 2023, in Rajya Sabha on Monday. Earlier on August 3, the Bill was passed in Lok Sabha by a voice vote after a walkout by members of I.N.D.I.A alliance. Former Jammu and Kashmir chief… Continue reading Amit Shah to move Delhi Services Bill in Rajya Sabha today
Isro performs orbit reduction manoeuvre, brings Chandrayaan closer to moon
The Indian Space Research Organisation (Isro) on Sunday said the GSLV Mark 3 (LVM 3) heavy-lift launch vehicle, which lifted off successfully with the Chandrayaan-3 spacecraft, underwent a planned orbit reduction manoeuvre, bringing it closer to the moon. The space agency said it will carry out the next such operation on August 9.… Continue reading Isro performs orbit reduction manoeuvre, brings Chandrayaan closer to moon