Paytm founder and chief executive officer (CEO) Vijay Shekhar Sharma will receive his stock grants only after the company's market capitalisation (m-cap) stabilises at its initial public offering (IPO) level, the financial technology (fintech) major said on Wednesday. Paytm's stock price has been in free fall since its IPO at Rs 2,150 apiece, with m-cap at around Rs 1.4 trillion - plunging 76 per cent to a lifetime low of Rs 520 on March 23, when m-cap dropped below Rs 34,000 crore. Since then, the company's share price on the BSE has recovered some value and closed at Rs 637 on Wednesday.
Corporate earnings grew in double digits during the April-June 2022 (Q1FY23) quarter but the momentum waned. Overall corporate earnings in the quarter were down sharply from their highs in FY22. The combined net profit of 2,981 listed companies across sectors in the Business Standard sample was up 22.4 per cent YoY to Rs 2.24 trillion in the June quarter, driven by a big jump in the earnings of banks, non-banking lenders, oil & producers, and FMCG companies. Also, earnings in the corresponding quarter a year ago were affected because of the second wave of the Covid pandemic, even though the numbers were a lot better than Q1FY21 when there was a nationwide lockdown.
We have not been able to communicate in a very articulate manner and clear manner on the merger as earnings were due, says HDFC CEO.
Prime Minister Narendra Modi on Wednesday inaugurated 11 government medical colleges in Tamil Nadu and said the future will belong to societies that invest in healthcare.
Five cities -- Delhi, Bengaluru, Kolkata, Hyderabad and Surat -- ceded their power of procurement and agreed to a different procurement model to operate state-run buses.
Deputy Commissioner of Police (operations) S Chaitanya issued the order under Section 144 of the Code of Criminal Procedure (CrPC), which came into force from 1 pm on Friday and will be effective till January 15, unless withdrawn earlier.
After the Gujarat and Himachal elections and the municipal polls in Mumbai and Delhi, Karnataka, Rajasthan, MP and Chhattisgarh will elect new assemblies next year leading up to the Lok Sabha election in April-May 2024, points out Virendra Kapoor.
While hearing a matter relating to encroachment on railway land in Gujarat, the apex court observed that when the Constitution recognises rule of law, it has to be adhered to by one and all.
Gandhi attacked the BJP by alleging that the saffron party has proved that hatred can be used politically and to win polls, but cannot generate employment.
Japanese tech investor SoftBank may end up investing around $1 billion in India in 2022, nearly a third of what it did last year, according to people closely tracking its plans. Last year, SoftBank undertook investments of $3.2 billion in 12 deals. In the first five months of CY22, the giant investor has invested $400-500 million in five deals.
A Greyhounds jawan sustained injuries, following which he was airlifted to Warangal and admitted to a hospital.
Shaw continued from his unbeaten 240 from overnight and brought up his triple ton.
Warne's sudden death brought an outpouring of grief from many of the players involved in Rajasthan's historic and only IPL title win.
A look at the top five batters, who are expected to make a difference in IPL 2022:
Birla is believed to have bought the property - a 30,000 square feet plot with a built-up area of 25,000 square feet - for personal use.
Aditi Singh shares her quick and simple recipe.
Some of the terrorists waiting to infiltrate into India were trained at the Jaish-e-Mohammed camp in Balakot which was bombed by Indian Air Force in February, the sources said.
When was the last time we saw an IPL top 50 table without the names of Virat Kohli, Rohit Sharma, M S Dhoni, and with Rishabh Pant getting almost the last empty seat? ask Srinivas Bhogle and Purnendu Maji as they list the 50 Most Valuable Players after the first 29 IPL 2022 games.
The redevelopment project of the Central Vista -- the power corridor of the country -- envisages a new triangular Parliament building, a Common Central Secretariat and the revamping of the three-km-long Rajpath from the Rashtrapati Bhavan to India Gate and new residences for the prime minister and the vice president.
Tasty walnut ways to make the occasion special.
The Enforcement Directorate has arrested the chairman and the managing director (MD) of Mumbai-based Omkar Realtors and Developers in connection with a money laundering case against them linked to the alleged loan fraud in Yes Bank, official sources said on Wednesday.
After 2014, our growth has been average of around 5%. If this continues, we will remain here like Egypt, Brazil, South Africa and Bangladesh, points out Aakar Patel.
India and New Zealand will battle it out for the prestigious title at Southampton on June 18.
Three marquee exits accounted for nearly 60 per cent of the total exit value -- BillDesk's acquisition by PayU for $4.7 billion, Paytm's $2.5 billion initial public offering (IPO), and Zomato's public market debut of $1.3 billion.
The country's cyber security agency CERT-In has advised Facebook users to strengthen their account privacy settings after a recent global 'data scraping' incident in the social media platform affected about 61 lakh Indians.
Rediff reader Eakanath Bandu Lote, 40 from Mumbai tells us how much his life has changed since his first salary.
From Covid-19 essentials, such as Vitamin C supplements and thermometers, to bicycles, laptops, and personal weighing scales, demand for certain items galloped during last financial year as the pandemic altered what Indians used on a day-to-day basis. Imports of outdoor sports equipment, handbags for women, and dentures, among others, plummeted. With outdoor activities coming to a halt last year and schools functioning virtually, imports of sports goods witnessed a decline, while inbound shipments of laptops and battery chargers saw a sharp uptick, according to the import data for the financial year 2020-21.
Some individuals or small families were still 'being pulled through the gates somehow' as of Saturday, CNN reported citing a source familiar with the situation.
After a recent fall in profit, Masayoshi Son of SoftBank announced that the Japanese tech investor will look at dramatic cost-cutting. Before he does that, investments in India for calendar year 2022 (CY22) will fall radically, observed sources in the know. Last year, the company had invested around $3.2-3.5 billion in the Indian start-up ecosystem - almost 10 per cent of the total investment the sector received. For CY22, the investments may not even touch $1 billion.
GMR Group is currently investing Rs 20,000 crore to expand the existing airports and developing new aerodromes, GM Rao, chairman of the infra major has said. "Airport Development and Construction: GMR Group has set benchmarks for development of world class Airport infrastructure... Your company is currently investing approximately Rs 20,000 crore to expand the existing airports and develop new Aairports," he said in the group's latest annual report. GMR's airport business comprises four operating airports - Indira Gandhi International Airport, Delhi, Rajiv Gandhi International Airport, Hyderabad, Bidar Airport at Karnataka and Mactan Cebu International Airport in the Philippines.
Ajit Mishra answers reader queries on the stock market.
You would be surprised how wonderful homemade Pav Bhaji tastes and you can monitor the salt and butter.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The active cases have further declined to 5,23,257 comprising 1.72 per cent of the total infections, while the national COVID-19 recovery rate has improved to 96.97 per cent.
