Its November debut on Dalal Street was a disappointment, eroding more than half of investors’ wealth. And last Friday, Paytm announced that it would end its operations in Canada. Its shares hit a historic low of Rs 995 on the day, before recovering. Most market pundits are now asking investors to wait and watch, before the company’s business model stabilizes. So what’s going on inside the country’s fintech giant? Despite recent developments, experts hope Paytm will rebound to gain investor confidence. And despite the pandemic, 99% of CEOs in India predict a stronger economy in the coming year. And when it comes to the revenue prospects of their own companies, 98% of CEOs are confident about growth over the same period. Here are highlights from the 25th Annual Global CEO Survey of PwC India. To better understand the sentiment of Indian CEOs, Trade standardBhaswar Kumar from spoke with Sanjeev Krishan, President of PwC in India. Indian CEOs may be optimistic about the country’s economic growth, but a newcomer from elsewhere raises some concerns.
Brent prices have climbed around 25% in a month as demand remains stable and supplies are disrupted. And analysts expect prices to rise further. Now that India remains one of the main oil importers, is this a worrying trend for us? Will the government address this problem in the next budget? And how can investors take advantage of rising oil prices? Rising oil prices could well shake the country’s finances. Now on to the gadgets. What happens when your expensive phone gets damaged or, worse, stops working. You visit its service center. But what if you are told that the company has stopped supplying its parts and has now upgraded to an upgraded version. After foreign shores, the “right to repair” movement is now gaining ground in India. All this in this episode of the podcast.
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