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February 9, 2023 New Delhi, India Paytm Faces Stock Decline Amid Acquisition Talks with Bitsila Regulatory Concerns Over Payments Bank Operations Add to Investor Worries On February 9, Paytm’s stock witnessed a significant 8% decline in response to reports of its impending acquisition of Bengaluru-based e-commerce startup, Bitsila. Here’s a closer look at the developments:…
February 9, 2023 New Delhi, India Entero Healthcare Solutions IPO Opens Today Grey Market Premium Reflects Positive Sentiment The much-anticipated initial public offering (IPO) of Entero Healthcare Solutions Limited has opened today, aiming to raise ₹1600 crore through the issuance of fresh shares. Here’s a breakdown of the key details and early market sentiment: Grey…
February 8, 2023 New Delhi, India Indian Markets React to RBI Decision In a recent turn of events, the Indian stock market witnessed a significant downturn following the Reserve Bank of India’s (RBI) decision to maintain its key interest rate for the sixth consecutive meeting. The decision, announced by RBI Governor Shaktikanta Das during a…
February 8, 2023 New Delhi, India WTI Price Holds Steady Amid Geopolitical Tensions West Texas Intermediate (WTI) oil price remains relatively stable as geopolitical tensions escalate, influenced by developments in the Israel-Hamas conflict and fluctuations in crude oil stockpiles. Israel Rejects Hamas Ceasefire Offer Israeli Prime Minister Benjamin Netanyahu’s dismissal of Hamas’ ceasefire offer has…
February 8, 2023 New Delhi, India Indian Rupee Strengthens Against US Dollar Amid RBI Decision In recent trading sessions, the Indian Rupee (INR) has shown resilience against the US Dollar (USD), gaining ground following the Reserve Bank of India’s (RBI) decision to keep interest rates steady. RBI’s Policy Decision The RBI’s Monetary Policy Committee (MPC)…
February 8, 2023 New Delhi, India Fintech Partnership Propels Yes Bank’s Share Price to 52-Week High Clarification of Partnership Details Yes Bank witnessed a significant surge in its share price, hitting a 52-week high, driven by clarifications regarding its partnership with a fintech startup, LeRemitt. The bank assured investors that the collaboration is still in…
February 8, 2023 New Delhi, India RBI Holds Steady on Repo Rate Amidst Economic Stability The Reserve Bank of India (RBI) has announced its decision to keep the repo rate unchanged at 6.5% for the sixth successive time. The move comes as the central bank continues its efforts to balance economic growth with inflation control….
February 7, 2023 New Delhi, India Indian Stock Market Witnessing Volatility The Indian stock market showcased a mixed picture today as major indices experienced fluctuations amidst volatile trading conditions. Here’s a concise overview of the key highlights: Early Gains Eroded, IT Sector Under Pressure In the early trading session, Indian benchmark indices Sensex and Nifty,…
February 7, 2023 New Delhi, India Jana Small Finance Bank IPO The much-anticipated initial public offering (IPO) of Jana Small Finance Bank has opened for subscription, generating significant buzz in the market. With the IPO price band set and the grey market premium indicating strong demand, investors are eager to determine whether they should subscribe….
February 7, 2023 New Delhi, India Paytm Shares Soar 13% Amid Regulatory Talks In a recent surge, Paytm shares experienced a 10% jump in a single trading session, extending a two-day rally to a significant 13%. This surge comes amidst reports of CEO Vijay Shekhar Sharma’s meetings with top officials, including Finance Minister Nirmala Sitharaman…
