New Delhi, July 24 (IANS) Shares of Motilal Oswal Financial Services (MOFSL) slumped as much as 11 per cent on Friday, extending losses for a fourth consecutive session, even as the financial services firm reported a strong set of earnings for the June quarter (Q1FY27), driven by robust growth in its asset management and wealth businesses.The stock opened marginally higher at Rs 944.50 but quickly reversed course, falling to an intra-day low of Rs 839.90 on the National Stock Exchange (NSE).Duri…
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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…
Mumbai, July 15 (IANS) Fintech and broking firm Angel One Limited on Wednesday reported a 27.8 per cent quarter-on-quarter (QoQ) decline in its consolidated net profit for the first quarter of FY27 amid lower revenue and a contraction in operating margins.The company posted a consolidated net profit of Rs 231 crore for the April-June quarter, compared with Rs 320 crore in the preceding quarter (Q4 FY26), according to its stock exchange filing.Revenue from operations also declined 2.1 per cent se…
New Delhi, June 11 (IANS) India’s portfolio management services (PMS) industry — which manages assets worth around Rs 42 lakh crore and serves more than 2.1 lakh investor accounts — is at a defining inflection point and has the potential to emerge as a major pillar of the country’s investment ecosystem, a senior Securities and Exchange Board of India (SEBI) official said on Thursday.Speaking at the APMI Leadership Conclave 2026, Manoj Kumar, Executive Director, SEBI said the next phase of grow…
New Delhi, Feb 19 (IANS) In the decade since its inception, PhonePe has transitioned from a daring UPI pioneer into what many call a ‘fully diversified fintech platform’.With over 65 crore registered users and a merchant acceptance network of more than 4.7 crore spanning metros to remote villages, PhonePe’s expansion reflects a strategy centered on specific use cases and scalable infrastructure.PhonePe’s success wasn’t built on a single ‘eureka’ moment, but on solving the ‘small-tick…