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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The company seems to be betting on selling shares in Tokyo-based PayPay to help meet its self-imposed deadline, but its track record isn’t heartening.
Last week, when Paytm released its earnings for the 2021-22 fiscal year, Pine Labs chief executive officer Amrish Rau couldn’t hold back a jibe. “What a liar,” he commented under Paytm’s official tweet announcing the results.
In its maiden annual financial report as a publicly listed company, Paytm’s losses widened to Rs 2,396 crore against Rs 1,701 crore in the previous fiscal, weighed down largely by marketing, promotion and employee stock option expenses, even as its revenue from operations grew 77% to Rs 4,974 crore.
What triggered Rau’s tweet, however, seems to be a specific comment by Paytm while declaring …
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
