New Delhi, July 24 (IANS) Brokerage firm JM Financial has said AI-led automation is emerging as a structural driver of Paytm’s cost efficiency, helping the company hold costs broadly flat even as growth has accelerated.It has also called Paytm’s Q1 FY27 results as a ‘another quarter of strong execution’ with profits ahead of estimatesThe improvement came despite continued investment in merchant and consumer acquisition.JM Financial cited AI-led automation across collections, customer servi…
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New Delhi, June 22 (IANS) As Morgan Stanley Capital International (MSCI) is expected to announce its rejigged MSCI India Standard Index on August 12, the review will result in passive inflows into Indian equities at an estimated Rs 30,214 crore, a new report has said.Laurus Labs and Biocon are emerging as the strongest contenders for inclusion in the new index, which is expected to take effect from August 31, the report from JM Financial said.The brokerage has assigned a high probability of Laur…
Mumbai, May 25 (IANS) Shares of Info Edge India — the parent company of Naukri.com — plunged over 5 per cent in early trade on Monday and hit a fresh 52-week low as analysts remained cautious on the near-term growth outlook.The BSE 100 stock touched an intraday low and a new 52-week low of Rs 909.20, down 5.4 per cent from the previous close during early trade on the BSE. Info Edge shares were among the top losers on the Nifty Midcap 50 index during the session.“Traded on new 52-week low val…