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Paytm rallies 5%, fintech stock price nears 52-week high; here's why
Analysts at JM Financial Institutional Securities expect Paytm to report healthy Q1FY27 performance, led by strength in their respective core businesses.
AI could become growth driver for Indian IT in 6-12 months: Wedbush
Moshe Katri, Managing Director-FinTech & Tech-Enabled Services Investment Banking at Wedbush Securities discusses why TCS' April-June quarter of 2026 (Q1FY27) was better than feared, why concerns over Microsoft, Amazon and OpenAI are overblown, and why artificial intelligence (AI) could follow the same growth path as cloud and digital transformation.
PhonePe appoints Srijon Biswas as chief technology officer
Biswas will lead the fintech firm's engineering organisation as PhonePe doubles down on technology and platform investments.
Moneyview, Chandan Steel get Sebi's approval to raise funds through IPOs
Fintech unicorn Moneyview and Chandan Steel have secured Sebi's approval to raise funds through initial public offerings (IPOs), an update with the regulator showed on Friday. Moneyview filed preliminary IPO papers with Sebi in March, while Torrent Gas confidentially submitted draft documents with the regulator in April. The confidential filing route allows companies to submit draft offer documents to Sebi for review without immediately making commercially sensitive information public. After reviewing the draft papers submitted by the two firms, the regulator gave its 'observations' between June 29 and July 2,which, in Sebi's parlance, is equivalent to a go-ahead to float the public issue. Meanwhile,oilfield services provider Shivganga Drillers withdrew its draft papers on June 30, the update showed. The company filed preliminary papers with Sebi in December 2025 to mobilise Rs 400 crore through its IPO. The proposed maiden public offering was a completely fresh issue of shares wi
PB Fintech shares slide up to 8% after Temasek arm likely sells over 2% stake via block deal
PB Fintech shares fell sharply on Friday after reports said Temasek-linked MacRitchie Investments likely sold more than a 2% stake via a block deal at a discount. The proposed transaction, valued at around Rs 1,740 crore, weighed on investor sentiment.
PB Fintech share price falls over 8% amid reports of ₹1,741 crore block deal
PB Fintech share price dropped over 8% following a block deal of ₹1,741 crore, involving 2.37% of its equity. The deal was linked to Temasek Holdings' reported plans to reduce its stake, with details of the buyer and seller undisclosed.
PB Fintech Block Deal: Stock falls 8% after shares worth ₹1,741 crore change hands
As many as 1.08 crore shares of PB Fintech changed hands in the block deal. The number of shares that changed hands amount to 2.37% of the total outstanding equity of PB Fintech.
Stocks to Watch today: Adani Enterprises, Tata Motors PV, BPCL, Coal India
Stock to Watch today, July 3: Hindustan Zinc, Bajaj Housing Finance, LG Electronics India, PB Fintech, and Titagarh Rail Systems are among the top stocks to remain in focus today
Stocks in news: Marico, Adani Enterprises, Tata Motors PV, PB Fintech, PNB
Indian markets saw a second day of gains, with the Nifty reclaiming its 100-day moving average, signaling a bullish trend. Key companies like Marico, Tata Motors PV, and Adani Enterprises are in focus due to strong Q1 updates and fundraising plans. PNB and Bank of India reported significant credit growth, while HDFC Bank is enhancing its AI and fraud detection capabilities.
Temasek to sell $200 million stake in Policybazaar via block deal
In May, PB Fintech co-founders Yashish Dahiya and Alok Bansal sold 0.8% stake in the company, while Chinese technology major Tencent exited its remaining 1.05% stake
MacRitchie to sell up to $200 million stake in India's PB Fintech, term sheet shows
MacRitchie Investments is set to divest up to $200 million in PB Fintech, the parent company of Policybazaar and Paisabazaar. This move involves selling approximately 2.6% of the company's outstanding shares, with a floor price of 1,604 rupees per share, representing a slight discount. The transaction is anticipated to occur on July 3rd, with MacRitchie subject to a 60-day lock-up on its remaining stake.
PB Fintech Block Deal: MacRitchie Investments To Pare 2.6% Stake; Floor Price Fixed
MacRitchie Investments will sell 1.19 crore shares, representing a 2.6% stake in PB Fintech, via a block transaction scheduled for Friday.