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Paytm's parent company, One 97 Communications, has seen a 69% surge in shares, adding $2.7bn in market value, after improving profitability ahead of schedule. Other Indian tech firms, including Zomato and PB Fintech, have also seen significant market value growth
Indian Startup Stocks: Paytm leads $6 billion stock rally as Indian startups seek redemption business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Several BSE500 companies, including Apollo Tyres, Jindal Stainless, NCC, Suzlon Energy, and CG Power and Industrial Solutions, saw their stocks turn multibaggers after a significant reduction in the pledge shares of promoters in the last four quarters. Lemon Tree Hotels also saw considerable fall in pledge shares. The efforts taken by corporates and promoters to deleverage balance sheets in recent years is one of the major factors that has put India in a better position compared to its emerging market peers. Indias major transformation includes Make in India, GST, digitalization, new bankruptcy law, and a sharp decline in corporate balance sheet leverage.
Slowdown threatens Indian economy even as country's rich keep spending businessmirror.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessmirror.com.ph Daily Mail and Mail on Sunday newspapers.
India's booming economy is the envy of other major markets. But beyond the hype and expectation, people who watch the country closely are flagging warning signs.
Sensex expected to rise 10 pc to 68,500 by December: Morgan Stanley aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
Morgan Stanley expects India's benchmark stock index Sensex, in base case scenario, to be around 68,500 by the end of 2023, implying a 10 per cent increase from its present levels.
Indian stocks trading flat ahead of RBI monetary policy outcome aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
Indian stock indices were steady Tuesday as investors shift focus to the Reserve Bank of India bi-monthly monetary policy review for fresh market cues.