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Walmart-backed PhonePe has secured Sebi approval for its IPO, clearing a major hurdle for one of Indias biggest fintech listings. The $14.5-billion startup plans a $1.5-billion OFS, with Walmart, Tiger Global, and Microsoft set to sell shares. Strong payments dominance and rising revenues underpin investor confidence.
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News and Media
Official figures show that the pace of private sector wage growth slowed to the lowest rate in five years.
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News and Media
Market expert Sandip Sabharwal highlights banking sector challenges with deposit growth and liquidity. NBFCs show promise, with specific names mentioned. The QSR space faces subdued consumer demand, leading to mergers and investor exits. Future performance hinges on demand revival and cost management. This analysis covers current trends and future outlooks.
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News and Media
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