BSE had asked Paytm for a clarification of its price movement.
Paytm clarified as follows:
But the clarification omits the fact that Paytm had given a monthly update on 14 Feb, 2022.
The clarification also omits the monthly update a few days back also on 15 March, 2022 which mentioned about RBI’s action against Paytm Payments Bank.
Some stuff I am reading today morning:
Fertilizer prices are at record highs (CNBC)
Oil rises towards $116 (FE)
Maharashtra builders threaten to stop work (FPJ)
I-T department searches Hiranandani Group (MC)
Costs of EVs to be at par with petrol vehicles (BS)
SpiceJet: A tale of bad faith (Fortune)
Thread: Investing in Cyclicals (Jiten Parmar)
How to do business analysis of chemical cos (Dr Vijay Malik)
More market pain for growthsters (BVI)
Silicon Valley’s richest Russian (Business Week)
Source: Draft Prospectus of Achyut Healthcare Ltd
Amusing to see a prospectus with around a lakh in employee expenses.
Also interesting to note their HR promise.
Source: Zomato Blog
Some stuff I am reading today morning:
86% of Farmer Groups supported Farm Laws (BS)
New Crypto tax clarification will kill Crypto in India (MC)
RBI: No chance of India falling into stagflation (Rediff)
Ruchi Soya OFS from March 24 (CNBC)
Tangshan, China’s biggest steel centre, affected by Covid (GT)
Maruti’s EV plans (Forbes)
Stock Talk: Piramal Enterprises (Ventura)
Market reaction to Russia-Ukraine War (Aswath Damodaran)
Keeping it simple (A VC)
Unbundling advertising (Ben Evans)