The Reserve Bank of India has imposed monetary penalties on two payment system operators - Paytm Payments Bank Ltd (PPBL) and Western Union Financial Services (WUFSI) - as deficiencies were found in regulatory compliance.
Net profit dropped to Rs 223 crore in the quarter ended September 2021 from Rs 248 crore a year ago largely due to a 12 per cent fall in interest income to Rs 2903 crore from Rs 3282 crore a year ago.
Sequentially, profit was up 43.7 per cent and revenue grew 1.7 per cent on account of a gradual recovery across both data and voice segments.
Sebi in its investigation noted that they are repeatedly executing synchronised trades and created a misleading appearance of trading in the scrip without any intention of change in ownership of the security.
Revenue from operations rose over two-fold to Rs 642.07 crore from Rs 296.98 crore in the corresponding quarter of the previous fiscal.
There are possibilities of Nifty50 trying to get some stability after two days of wide-ranging moves. The levels of 18290 and 18335 are likely to act as resistance. The supports are likely to come in at 18200 and 18165.
Γ’β¬ΕThe company may file the Draft Red Herring Prospectus (DRHP) by December or January and the share sale may be launched early next calendar year,Γ’β¬Β said one of the persons cited above.
Arihant Superstructures has clocked sales bookings of 831 apartments in the first half of the financial year 2021-22 (April-March), registering 159 per cent on-year growth indicating robust sales velocity.
The Dow Jones Industrial Average rose 17.85 points, or 0.05 per cent, at the open to 35,475.16.
The cryptocurrency soared to $65,778, according to CoinMarketCap.
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