Paytm shares jump 11% this week, biggest weekly gain in 4 months; what’s driving rally?

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Paytm’s parent, One97 Communications, saw an 11% gain this week, attributed to positive investor sentiment after favourable developments. Bernstein raised its target price to ₹2,200, while JM Financial lifted it to ₹1,950, highlighting potential earnings growth from UPI monetisation. One97 Communications, the parent company of Paytm, gained 11% this week, reaching 1,603, marking its biggest…

Crude oil prices remain risk to external sector outlook: RBI Bulletin

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The global economy continued to be shadowed by uncertainties in West Asia, said an article on the state of the economy published in the May Bulletin   The financial conditions, crude oil prices, and capital flows continue to pose challenges to the external sector outlook amid the West Asia conflict, Reserve Bank Bulletin said on…