Paytm needs its ancillary business bets to work out since its core payments business continues to be a low-margin and mostly zero revenue game. While on the one hand it is offering banking, on the other it is offering loans and credit cards hoping to recover losses incurred in the core payments business. Paytm Money has also been losing money. … [Read more...] about Paytm Money goes deeper into broking, opens IPO investments
The recent tariff assault initiated by the United States on Chinese imports, which sparked a prompt retaliation by China, has left global investors worried. For emerging markets, reeling under the impact of the strong dollar, rising US interest rates and an end to accommodative monetary policy globally, the news of trade wars between the titans was another nail in a coffin whose lid has taken quite a hammering. … [Read more...] about COMMENT-The US-China trade war has no winners, and markets will have to live with it
However, the task is easier said than done. LIC being an insurer will also have to cross regulatory hurdles to pick up a majority stake in a bank. While LIC is a stakeholder in various banks, they are all minority holdings. As a new promoter, LIC is unlikely to add significant value to the management. Hence, while this is a better solution than a complete offer for sale by the government, it is still sub-optimal compared to a complete privatisation. … [Read more...] about Is a possible stake sale to LIC the best solution to IDBI’s problems?
Consumption-led businesses have shown strong growth in the festive season. People are spending at shops and restaurants again. Post-Diwali, it’s a cooling off period for couple of weeks. But we are expecting business to pick up again from mid-December, when the holiday season resumes, as customers will travel, shop and dine. Also, we expect demand for car loans to pick-up with year-end offers coming from manufacturers. The demand for home-loans has been steadily increasing and is expected to continue for the bank because interest rates are at a 15-year low; good offers from developers and state governments offering lower stamp duty for a limited period of time are also demand drivers. … [Read more...] about Secured loan book back to pre-COVID levels: Axis Bank
It’s not just customers. Dozens of vendors say they haven’t been paid in years and have lakhs in dues from Livspace projects. Sudharshan, a Bengaluru-based vendor who has been carrying out interior work for Livspace for the last five years, has about Rs 10 lakh worth of pending invoices and hasn’t been able to get in touch with his Livspace contacts in over eight months. … [Read more...] about Hot startup Livspace faces backlash from angry customers, vendors and ex-employees