One97 Communication Ltd, which owns the Paytm brand, is likely to resume lending platform provider operations for digital loans by its partner banks and non-banking financial companies (NBFCs) in the first week of March, people aware of the development told Moneycontrol on February 26. “Initially we had planned to resume operations on March 1, but some discussions are still going on.

One97 Communication Ltd, which owns the Paytm brand, is likely to resume lending platform provider operations for digital loans by its partner banks and non-banking financial companies (NBFCs) in the first week of March, people aware of the development told Moneycontrol on February 26. “Initially we had planned to resume operations on March 1, but some discussions are still going on.

The index witnessed a resolute breakout from the past five week's consolidation and recorded a fresh all-time high of 22,297. On stocks to buy this week, Dharmesh Shah recommended two stocks: 💰Buy Infosys Ltd in the range of ₹1,670-1,710 for the target of ₹1,920 with a stop loss of ₹1,598. 💰Buy Delhivery Ltd in the range of ₹454-470 for the target of ₹540 with a stop loss of ₹437.

By RAs on Stocktwits Last week, the NIFTY50 exhibited notable volatility primarily influenced by global cues. Last Monday, the Nifty50 opened with a gap up at 22,100. Despite reaching a low of 21,875 during the week, it consistently set new all-time highs each day, culminating in a record peak of 22,297.5 during the opening minute on last Friday. 

Infibeam Avenues share price rose 4 percent in the opening trade on February 26 after the financial technology company's board approved acquisition of a 20 percent  stake in the US-based XDuce Corporation. At 9.36 am, Infibeam Avenues was quoting at Rs 35.86, up Rs 1.40, or 4.06 percent, on the BSE. Founded in 2006, XDuce is a leading enterprise app and AI development company.

Medplus Health Services shares added 3% in early trade on February 26 even after the company's subsidiary received a suspension order from Drugs and Control Authorities of Mahabubnagar, Telangana. At 9:37am Medplus Health Services was quoting Rs 710.10, up Rs 20.90, or 3.03 percent, on the BSE. The company received the order on February 23 and estimated a potential revenue loss of Rs 1.63 lakh.

Equity benchmark Nifty 50 hit its fresh record high of 22,297.50 last week and ended almost a per cent higher on the weekly scale. On Monday, February 26, the market benchmark opened lower and traded lacklustre in the morning session amid weak global cues.On the technical front, experts pointed out that the Nifty has broken out of a 45-day consolidation period, indicating a potential upside.

Shares of troubled fintech firm One 97 Communications on Monday rallied another 5% to the day's high at Rs 427.95 on BSE after RBI asked NPCI to look into Paytm's plea to become a third-party application provider for UPI usage. Global brokerage Morgan Stanley has also stood behind Vijay Shekhar Sharma by giving an equal-weight call on the stock.

The breakneck rally in US-based chipmaker Nvidia’s share has made Indian investors richer with Rs 1,699 crore invested via the mutual fund route alone, shows data. Nvidia's stock surged 16 percent on February 22, as the company surpassed Wall Street predictions after announcing its fiscal fourth-quarter revenue of $22.10 billion, a 265 percent year-on-year (YoY) growth.

Premier defence research organisation DRDO on Sunday handed over 23 licensing agreements to several defence producers facilitating transfer of critical technologies to manufacture a range of military equipment in the domains of armaments, naval systems and aeronautics, among others. The agreements were handed over at the 'MSME Defence Expo' that was organised by the DRDO.

Union Power and New & Renewable Energy Minister R K Singh has finalised the mechanism for deployment of funds for various projects to develop battery energy storage systems in the country. The minister chaired a meeting on Feb 22 to finalise the structure for operationalising the scheme of viability gap funding for the development of BESS with a capacity of 4,000 MWh, an official statement said.

Shares of Vodafone Idea Ltd fell more than 2 percent on February 26, a day ahead of the Aditya Birla group company's board meeting to discuss the proposal for a large capital fund raise. Vodafone Idea traded 2.6 percent lower at Rs 17.25 on the National Stock Exchange in the afternoon trade. No listed company of the Aditya Birla group is likely to participate in the fundraising plans and the pr...

JM Financial expects the Indian market to rally in the run-up to the general elections, which have to be held by May, as data show that the Nifty gained on four occasions in three months leading up to the polls results. The average upmove was 10.7 percent during the three-month period from middle of February to mid-May when results are normally declared, with the highest 25 percent in 2009.

Enkei Wheels India declared their Q4 CY23 results on 23 Feb, 2024. The topline increased by 34.66% & the profit came at ₹2.11cr.It is noteworthy that Enkei Wheels India had declared a loss of ₹14.12cr in the previous fiscal year during the same period.As compared to the previous quarter, the revenue declined by 3.15%.The Selling, general & administrative expenses declined by 5.59% q-o-q.

Ashutosh Tiwari, MD - Institutional Equities at Equirus, believes, investors should exercise caution and remain with companies whose valuations are not high, particularly in mid- and small caps, given that these values are at the higher end of the historical range. Further, Tiwari noted in an interview with Mint that it is doubtful the Reserve Bank of India (RBI) will act quickly to lower rates,