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The brokerage highlighted growth and market share challenges, limited margin upside and high valuations as the key reason for downgrade

The acquisition would be funded mainly through internal accruals, says company.

For the quarter, they registered an uptick in the value over Q2 with an incremental growth while the EBITDA margin aligned with the business projections, the company said.

The sharp margin contraction has been attributed to higher operational expenditure due to increased client acquisition

Khanij Bidesh India Ltd. (KABIL), a joint venture of NALCO Ltd., Hindustan Copper Ltd., and Mineral Exploration Company Ltd., has inked a deal with Argentina#39;s CAMYEN SE

Paytm#39;s continued monetisation, improved profitability dynamics and discounted valuations as compared to global and Indian peers makes UBS bullish over the online payments aggregator.

Brokerages remain watchful of Jio Financial#39;s progress, saying that it is taking a calibrated approach to growth

Following the stake sale, the board will consider distributing 70–80 percent of the upfront consideration of $903 million as a dividend to its shareholders

The company is consciously pivoting the book towards high-yielding products

High-frequency trading firms (HTFs) – or algo firms on steroids –use complex algorithms and powerful computers to execute trades at lightning speeds