MARKET WRAP UP The Sensex and Nifty jumped over one per cent on Friday and were headed for their second session of gains, led by energy stocks, including Reliance Industries Ltd, as oil prices extended their rally. Domestic sentiment was also buoyed on continued buying by investors ahead of IIP and inflation data scheduled to be released later in the day. US stocks closed at record highs on Thursday as surging oil prices and strong earnings buoyed investor sentiment, giving a boost to Asian markets. Dealers said widening of positions by participants ahead of key economic data —— industrial production (IIP) for June and consumer price index (CPI) for July —— to be released after market closing today also added to the upbeat investor sentiment. At 3.05 pm, the Sensex was up 315.38 points or 1.13 per cent at 28,174.98 while the NSE Nifty was up 85.7 points or 1.00 per cent at 8,677.85. Sentiment also got a boost as foreign investors continued to buy Indian shares for a...
Paytm founder and CEO Vijay Shekhar Sharma has raised Rs 325 crore by selling one percent of his stake in One 97 Communications, Paytm's parent company. The money he raises will be used to fund Paytm's upcoming payments bank. After selling his stake to an undisclosed shareholder, he now owns 20.33 percent in One97. Sharma had earlier got an approval from the Reserve Bank of India for the payments bank, on the condition that he holds 51 percent stake in the bank. RBI has also asked the company to move the e-wallet business into the payments bank.
Paytm founder and CEO Vijay Shekhar Sharma has raised Rs 325 crore by selling one percent of his stake in One 97 Communications, Paytm's parent company. The money he raises will be used to fund Paytm's upcoming payments bank. After selling his stake to an undisclosed shareholder, he now owns 20.33 percent in One97. Sharma had earlier got an approval from the Reserve Bank of India for the payments bank, on the condition that he holds 51 percent stake in the bank. RBI has also asked the company to move the e-wallet business into the payments bank.
Comments
Post a Comment