Latest Updates Around The World
Citing the company’s positioning at an earnings inflection point, global brokerage firm Jefferies has initiated coverage on Pine Labs with a ‘Buy’ rating and a target price of Rs 300. The broker highlighted that Pine Labs is expected to benefit from operating leverage, improved profitability and growth in the digital payments segments over the next […]
Vartis Platforms, operator of LenDenClub, the nation’s largest peer-to-peer lending marketplace, is preparing for an initial public offering within 18 to 36 months, CEO Bhavin Patel said.“We are in preparation mode… and we can target that within the next 18 to 36 months,” Patel told Reuters on Wednesday, adding that LenDenClub could be the first […]
Shares of Pine Labs are likely to grab investors’ attention heading into trading on Wednesday, December 10, after API-driven platform Setu announced what it calls India’s first ‘agentic’ bill payment experience, a tool aimed at easing the routine friction consumers face in tracking and settling monthly bills.The new product is designed to address two persistent […]
Payment solutions company Pine Labs returned to the black in the quarter ended September, reporting a consolidated net profit of Rs 6 crore versus a loss of Rs 32 crore in the year-ago period. The company’s revenue from operations in Q2FY26 stood at Rs 650 crore, up 18% from Rs 552 crore reported in the […]
Shares of as many as seven newly listed companies could see increased activity in December as their shareholder lock-in periods expire. At current market prices, the value of shares eligible for trading post-maturity for these companies is estimated at close to Rs 7,000 crore.Importantly, the end of a lock-in does not mean that all these […]
After nearly four months of back-to-back public offerings that have helped Indian companies raise record capital in the primary market, the week ahead will be noticeably quieter. No new motherboard IPOs are planned, marking a brief pause in what has been one of the busiest listing cycles in recent years. Instead, three SME issues will […]
