One97 Communications, the parent company of Paytm, reported a consolidated loss of Rs 208.5 crore for the December 2024 quarter, an improvement from last year's Rs 221.7 crore loss. Revenue from operations declined by 35.8 per cent year-on-year to Rs 1,827.8 crore. Paytm is exploring international expansion with new subsidiaries in the UAE, Saudi Arabia, and Singapore.
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Udaan, a B2B e-commerce startup, secured a fresh $75 million in funding led by existing investor M&G, maintaining a $1.8 billion valuation. The company is also negotiating an additional $25 million in funding. The investment will enhance Udaan's supply chain and vendor partnerships.
In 2024, the Indian stock market experienced significant growth, with the NSE listing 2,671 companies and the market capitalisation reaching Rs 438.9 lakh crore. IPOs and other equity mobilisations contributed Rs 3.98 lakh crore, while the number of investors increased by 27.2 percent to 10.9 crore.
Employees in India can expect a 9.4% salary increase in 2025, driven by economic growth and high demand for skilled talent. The automotive sector leads with a projected 10% rise, while manufacturing and engineering follow closely. Voluntary attrition is anticipated to stabilize at 11.9%, and 37% of organizations plan workforce expansion to meet demand.
Sanjib Sahoo has been promoted to President of Ingram Micro’s Global Platform Group, continuing to develop the B2B technology platform, Xvantage. Previously the executive vice president and chief digital officer, Sahoo's new role focuses on enhancing real-time interactions and reducing transaction friction, supporting Ingram Micro's goal of becoming a platform company.
RBI has raised concerns over high ceilings for unsecured loans set by banks and finance companies. It urges boards to exercise prudence to maintain financial stability. Additionally, RBI warns about the risks associated with top-up and private credit loans, emphasizing the need for careful monitoring.
Standard Glass Lining Technology Ltd's IPO saw a remarkable 182.57-times subscription with heavy demand from QIBs, non-institutional investors, and retail individual investors. The IPO aimed to raise funds for debt repayment, investment in its subsidiary, strategic investments, and machinery purchases. The shares will be listed on BSE and NSE.
The finance ministry has informed Parliament that the government's focus is on enhancing the quality of public spending, while also strengthening social security for the underprivileged. Despite global economic instability, the government is committed to reducing the fiscal deficit to under 4.5% by next financial year, emphasizing higher capital expenditure and reducing wasteful spending.
Foreign portfolio investors continued their selling spree, withdrawing Rs 34,574 crore from Indian equities in February due to concerns over India's economic outlook and a strengthened US dollar. This persistent outflow has led to increased market volatility, with 2025 FPI equity sales reaching Rs 1,12,601 crore.
On January 19, 2025, Melania Trump launched the MELANIA meme coin, which quickly achieved a $4 billion market capitalization within 30 minutes. This launch affected the TRUMP meme coin, reducing its market cap by $5 billion. The MELANIA token allocation raised ethical concerns, with 90% held in a single wallet and significant portions allocated to team vesting and treasury.
Shares of Coffee Day Enterprises surged 20% after the National Company Law Appellate Tribunal (NCLAT) set aside insolvency proceedings against the company. The stock reached its 52-week high on both BSE and NSE. The decision overturns an earlier order by the Bengaluru bench of NCLT.