New Delhi, May 19 (IANS) Global brokerage firm Citigroup has turned increasingly positive on Paytm, highlighting strong momentum across payments, merchant business, lending and profitability, citing ‘plenty of growth and margin drivers’ for the fintech major.In its latest report after hosting Paytm’s management at the Citi Pan Asia Conference 2026, the brokerage maintained a Buy rating on the company with a target price of Rs 1,380, implying meaningful upside from current levels.The broker…
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New Delhi, March 30 (IANS) The National Stock Exchange (NSE) has initiated the process for its long-awaited initial public offering (IPO) by reaching out to existing shareholders to gauge their interest in participating through the offer for sale (OFS) route, according to sources.In a communication to investors, the exchange has invited expressions of interest (EOI) from shareholders willing to offload part or all of their holdings as part of the proposed public issue. It marks a formal step for…
New Delhi, Jan 30 (IANS) Pakistan’s socioeconomic crisis is being worsened by rising food inflation and unemployment rates, according to a media report.Maldives Insight cited the World Bank’s data to show that about 45 per cent of the population in Pakistan is classified as living below the Poverty Line (BPL). The country’s unemployment rate remains at a 21-year low, with investment at a 50-year low and gross debt-to-GDP ratio at 71.3 per cent.“All this deepens stagnation, inequality, fi…
New Delhi, Jan 13 (IANS) Shares of major US card issuers and banks, including American Express, have tumbled after President Donald Trump called for a cap on credit‑card interest rates at 10 per cent for a year.American Express fell about 4.28 per cent to $359 and Capital One plunged 6.4 per cent, its largest drop in nine months. American Express Co shares are down 5.33 per cent in the past five days.Citigroup declined 3 per cent, Wells Fargo eased 1 per cent and Synchrony Financial plunged 8….