– Paytm (Macquarie): – Target: 275 (Previously 650) – Recommendation: Underperform – Reasoning: Foresees challenges in transitioning to new banks, predicts a significant revenue decline, […]
Category: Stock In News
NielsenIQ Reveals Deceleration in Indian Consumer Goods Growth: Rural Resilience Amidst Urban Slowdown
NielsenIQ reported a sequential slowdown in Indian consumer goods sector sales volume growth for Oct-Dec 2023. Despite soft sales at local stores, rural areas bridged […]
Jubilant Pharma Singapore Announces Sale of 25.8% Stake in Sofie Biosciences and Subsequent Merger, with Potential $139.4 Million Proceeds
Jubilant Pharma Singapore is set to sell its entire 25.8% stake in Sofie Biosciences, with the anticipated proceeds reaching up to $139.4 million. Sofie Biosciences […]
Interim Budget 2024: Nirmala Sitharaman || Live Update
FM Nirmala Sitharaman is set to deliver her sixth Budget, the last for Modi government’s second term, unveiling the traditional ‘bahi khata’ before her speech. […]
Key Takeaways from Paytm Conference Call: RBI Directives Impacting Paytm Payments Bank
• Paytm’s Founder and CEO, Vijay Shekhar Sharma, underscores the crucial compliance with RBI directives, pledging swift action in response. • Vijay Shekhar reveals that […]
BOFA Report: Robust Weekly Inflows Across Stocks, Bonds, and Tech, Notable Shifts in Gold and Treasuries, and Bullish Sentiment Reaches 2.5-Year High
According to Bank of America (BOFA), the latest EPFR data reveals significant financial movements in various sectors. There is a notable weekly inflow of $20 […]
Brokerage Reports: SBI, Paytm, Tata Motors, LIC HFL, Indigo, UPL, Aurobindo Pharma, etc
Bernstein’s Analysis on SBI: – Target: 710 – Brokerage Radar: Predicts ~5% YoY Net Interest Income (NII) growth due to deposit repricing. – RoA Impact: […]
Federal Reserve Chairman Powell Voices Concerns on Unsustainable Fiscal Path as U.S. National Debt Surpasses $34 Trillion
• Federal Reserve Chairman Jerome Powell expressed concern in a recent interview, stating that the U.S. is on an unsustainable fiscal path. • Powell emphasized […]
RBI Grants HDFC Bank Group Approval to Acquire Up to 9.5% Stakes in Yes Bank, IndusInd Bank, Axis Bank and Three Other Banks
The Reserve Bank of India has given approval to HDFC Bank Group to acquire stakes up to 9.50 percent in IndusInd Bank, Yes Bank, Axis […]
Walmart $WMT Initiates 3:1 Stock Split to Expand Accessibility and Encourage Investor Participation
Walmart Inc. (WMT) has announced a 3:1 split of its common stock as part of ongoing efforts to optimize trading and broaden the reach of […]
Boeing Grapples with Quality Issue: 50 Undelivered 737 MAX Aircraft Require Rework Due to Mis-Drilled Holes
• Boeing faces a new quality concern as supplier Spirit AeroSystems identifies mis-drilled holes in 50 undelivered 737 MAX aircraft. • While not an immediate […]
RBI Directed Paytm Payments Bank to stop onboarding new Customers Starting January 31. Check Changes and Restrictions, etc
RBI directed Paytm Payments Bank to stop onboarding new customers starting January 31. Existing customers can still withdraw or use their balances without restrictions. Effective […]