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Posted in Fintech

Paytm Shares Drop 20% as Company Shifts Focus Away from Small Loans

by SA TeamPosted on

Three points you will get to know in this article: The shares of One97 Communications Ltd, the parent company of leading fintech player Paytm, faced a 20% downward lock at INR 650.65 on Thursday (December 7). This downturn came in response to the company’s decision to shift its focus away from smaller loans, specifically those below INR 50,000, which primarily…

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Posted in BusinessDaily Feeds

Paytm: Biggest Loser in Lacklustre Week for New-Age Tech Stocks

by SA TeamPosted on

Three points you will get to know in this article: Despite the Indian stock markets reaching record highs this week, modern tech stocks faced a mixed scenario, experiencing mostly constrained movements. Notably, a selling trend emerged across various counters. Among the 19 new-age tech stocks covered by Inc42, eleven witnessed declines ranging from 0.2% to a substantial 25% this week.…

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Posted in Ecommerce

Festive Sale and Cricket Mania Propel ONDC Order Volume to 12 Lakh During Diwali Week

by SA TeamPosted on

Three points you will get to know in this article: Taking advantage of the joyful holiday spirit, the government-supported Open Network for Digital Commerce (ONDC) proudly logged an impressive 1.2 million transactions from November 6 to November 13, as revealed by exclusive ONDC data accessed by Inc42. Earlier this year, ONDC emphasized its aspiration for a daily transaction count of…

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Posted in BusinessFinance

New-Age Tech Stocks Decline Amid Geopolitical Tensions; Paytm Emerges as Biggest Winner This Week

by SA TeamPosted on

Three points you will get to know in this article: This week witnessed a downturn in the performance of Indian new-age technology stocks, mirroring the broader market’s decline. The setback was attributed to a combination of mixed Q2 earnings reports from various companies and escalating geopolitical tensions.Within the realm of Inc42’s coverage, 11 out of the 18 new-age tech stocks…

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