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PayU has expanded its board of directors ahead of its IPO, adding three new members: former RBI deputy governor Subhash Mundra, Manoj Kumar Agarwal from DevRey, and Ashutosh Sharma of Prosus Ventures. This brings the total board size to eleven members. Recently, the company raised INR 1,013 Cr from its parent through a rights issue to support its IPO efforts.
Profit has more than doubled year-over-year, reaching INR 19.1 crore. This significant increase highlights the company's strong financial performance and growth trajectory in the current fiscal period.
The Indian rupee has dropped to 23.30 against the UAE dirham, with expectations of further decline as the dollar strengthens. This follows a trend since February when the rupee hit a record low of 23.92, influenced by market reactions to U.S. economic concerns and import tariffs. Manoj Nair, a seasoned financial journalist, continues to monitor shifts in the property, gold, and retail sectors while enjoying classic Bollywood films in his leisure time.
In a bizarre incident in Uttar Pradesh, India, a man named Ajit discovered a staggering 36-digit balance in his bank account, surpassing the wealth of the world's richest individuals. Initially elated, he soon faced anxiety over the authenticity of the amount, prompting police involvement and an investigation into potential banking errors or cyber vulnerabilities. The case has sparked widespread public interest and raised concerns about the reliability of digital banking systems.
UBS has raised its target price for InterGlobe Aviation to INR 6,450 from INR 6,000, maintaining a buy rating following a strong Q4FY25 performance, where EBITDA surged 52% year-on-year to Rs 61 billion. Despite challenges like geopolitical tensions and potential contract terminations, demand for domestic travel remains robust, aided by lower fuel prices and improved operational efficiency. Analysts view any share price dips as potential buying opportunities, supported by the duopolistic nature of the Indian aviation market.
UBS has reiterated its sell recommendation on IndusInd Bank, maintaining a target price of INR 600 following a substantial Q4 FY2025 loss of 23.3 billion rupees, which diverged from market expectations. The loss was attributed to non-recurring items impacting profit before tax, with normalized net interest income and profit from operations both declining significantly year-on-year. Analysts express concerns over the bank's valuation, strategic direction, and rising credit costs, suggesting these factors may lead to a re-rating of the stock.
UBS has maintained a "Sell" rating on IndusInd Bank, setting a target price of 600 INR, following a substantial fourth-quarter loss of 23.3 billion rupees, which deviated significantly from estimates. The bank's normalized net interest income fell by 12.5% year-on-year, and operating profit before provisions declined by 25%. Analysts express concerns over the bank's strategic direction, low returns on equity, and rising credit costs, leading to a recommendation for devaluation of the shares.
UBS analyst Neeraj Toshniwal has raised the price target for PB Fintech to INR1,640 from INR1,550 while maintaining a Sell rating. The company reported a 38% year-over-year revenue increase in Q4 FY2025, driven by a 50% growth in health insurance and a 34% rise in the protection business. However, the savings segment underperformed, and Paisabazaar experienced a 21% revenue decline due to a drop in unsecured loan disbursals.
UBS has raised the target price for PB Fintech to INR 1,640 from INR 1,550 while maintaining a sell recommendation. The company reported a 38% year-on-year sales growth in Q4 FY2025, driven by a 50% increase in health insurance, although the savings segment underperformed. Meanwhile, Paisabazaar experienced a 21% revenue decline due to a drop in unsecured loan disbursements, prompting a shift towards secured business distribution.
Gold remains a key asset for central banks, providing a hedge against currency fluctuations and geopolitical risks. Countries like China, India, and Russia have significantly increased their gold reserves, with China holding over 2,270 tonnes and India adding nearly 320 tonnes since 2017. Meanwhile, Poland and other EU nations have also ramped up their gold purchases, reflecting a broader trend of diversifying monetary reserves amid global economic uncertainties.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
PayU expands board ahead of IPO with key new appointments
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profit more than doubles year on year to 19.1 crore
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rupee declines against dirham as dollar strengthens amid economic concerns
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UBS Raises InterGlobe Aviation Price Target Amid Strong Q4 Performance
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UBS Maintains Sell Rating on IndusInd Bank with Target Set at 600 INR
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UBS raises PB Fintech target price but maintains sell recommendation
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21:48 12.05.2025
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