Nomura India has provided a comprehensive analysis of Zomato’s recent acquisition of Paytm’s entertainment ticketing business, shedding light on the potential risks and key drivers that could influence the company’s stock performance. The brokerage’s detailed report addresses the challenges and opportunities presented by the deal, offering insights into how this strategic move might impact…
Punjab National Bank (PNB) has delivered impressive Q1 results, marked by a substantial 159% year-on-year increase in profit, driven by a sharp reduction in provisions and robust recoveries. The bank’s gross non-performing assets (NPAs) ratio has significantly improved, and its guidance for FY25 now forecasts a gross NPA ratio of 4%, down from the previous estimate of 5%.
Additionally, PNB has…
