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Paytm’s lending business has scaled up by 401% (y-o-y basis) with 4.4 million loan disbursals through the platform valuing Rs 21.8 billion (y-o-y growth of 365%).

To 10 January 2022

The board of Axis Bank on 10 January 2022 approved the re-appointment of Rajiv Anand as the Deputy Managing Director (MD) of the bank including the terms and conditions and his remuneration, for a period of 3 years, with effect from 4 August 2022.

JBM Electric Vehicles Private Limited, its wholly-owned subsidiary has acquired 51% stake.

To 17 January 2022

Vodafone Idea slumped 13.13% to Rs 12.90 after the company said the Indian government will own almost 36% in the firm after conversion of dues into equity.

Utilties stocks were trading with gains, with the S&P BSE Utilities index increasing 14.67 points or 0.47% at 3130.75 at 09:51 IST.

Revenue Department had approached Apex court after Appellate Tribunal had partially dropped the Adjudicating Authority’s demand of over Rs46.65cr along with the corresponding interest and penalty.

Information Technology stocks were trading in green, with the S&P BSE IT Sector index increasing 319.57 points or 0.85% at 37899.81 at 09:51 IST.

A mixed stance was logged across sectoral indices with IT outperforming its counterparts and metal stocks being the worst hit.