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Jefferies Upgrades Paytm to 'Buy'; Shares Jump 3.5% After Q1 Results

India, July 23 -- Brokerage firm Jefferies has upgraded its rating on Paytm from 'hold' to 'buy', raising its target price, a day after the fintech major turned profitable in the first quarter of FY26... Read More


Gupshup Bags $60 Mn From Globespan Capital Partners, EvolutionX Debt Capital

India, July 23 -- Conversational AI unicorn Gupshup has raised $60 Mn (about INR 500 Cr) in a mix of equity and debt funding from Globespan Capital Partners and EvolutionX Debt Capital. The fresh fun... Read More


How Refocussing On Payments Biz Helped Paytm Turn Profitable

India, July 23 -- A year ago, delivering quarterly profit seemed like a distant dream for Paytm. Hit by the RBI's crackdown on the fintech major's associate, Paytm Payments Bank, in January 2024, the ... Read More


PayPal Partners UPI, Others To Facilitate Cross Border Payments

India, July 23 -- US-based online payment gateway PayPal has partnered with the international arm of National Payment Corporation of India (NPCI), among others, to build a global digital payment platf... Read More


IndiQube IPO: Issue Subscribed 23% On Day 1 So Far

India, July 23 -- Workspace solution provider IndiQube's IPO got off to a decent start, with the issue subscribed 23% till 11:15 AM on the first day of bidding. According to the BSE data, the IPO rec... Read More


[Update] IndiQube IPO: Issue Subscribed 87% On Day 1

India, July 23 -- Update | July 23, 6:10 PM The IPO of IndiQube was subscribed 87% on the first day of bidding, with retail Individual investors (RIIs) leading the pack. Day 1 of the IPO saw cumulat... Read More


Paytm's Group CFO Madhur Deora Quits Board To Focus On Executive Roles

India, July 22 -- Fintech major Paytm, which reported a profitable Q1, announced several changes to its board of directors along with its financial numbers. The biggest among this was that its preside... Read More


Foxconn's Telangana Plant Faces Rare Earths Shortage, Production Hit

India, July 22 -- Foxconn's Telangana plant has been hit due to shortage of dysprosium, disrupting the production of Apple AirPods, ET reported, citing people familiar with the matter. The shortage i... Read More


ideaForge Q1 Revenue Plunges 85% To INR 13 Cr, Loss At INR 24 Cr

India, July 22 -- Drone tech company ideaForge reported yet another weak quarter, with its consolidated operating revenue crashing 85% to INR 12.8 Cr in Q1 FY26 from INR 86.2 Cr in the year-ago quarte... Read More


IndiQube Raises INR 314 Cr From Anchor Investors

India, July 22 -- Managed workspace solutions provider IndiQube has raised INR 314.3 Cr from anchor investors a day before its initial public offering opens for bidding. Anchor investors subscribed t... Read More