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India Business News: Paytm shares rose by 16.65 points or 4.13% on Friday from its previous close. Paytm and its payments bank unit announced the termination of certain in
Jefferies Financial Group on Monday became the first major foreign brokerage to drop coverage on Paytm-operator One 97 Communications Ltd. until the news flow around the struggling Indian fintech major “settles down”.
The investment bank has moved the stock to “not rated”, weeks after lowering it to underperform after the Reserve Bank of India last month ordered Paytm Payments Bank to halt its key operations, citing non-compliance.
Jefferies Financial Group Inc. has become the first major foreign brokerage to drop coverage on Paytm-operator One 97 Communications Ltd. until the news flow around the struggling fintech major "settles down".
International Business News: Jefferies Financial Group Inc.