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Among the PSU bank basket, on one hand we have seen a very good set of number from Indian Bank, so there again, we feel there is a value that lies there trading at 0.9 times one year forward price to book. So, we feel the fair value of Indian Bank is close to Rs 650.
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Paytm's parent company, One97 Communications, saw shares rise after reporting a narrower consolidated net loss of Rs 540 crore for Q4FY25, despite exceptional items. Revenue declined 16% year-on-year but increased sequentially. The company anticipates potential policy clarity around merchant discount rates on UPI, which could offer incremental monetization opportunities.
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President Trump is reportedly planning to announce during his upcoming trip to Saudi Arabia that the U.S. will officially refer to the Persian Gulf as the Arabian Gulf or the Gulf of Arabia. This decision follows pressure from Arab nations and contrasts with Iran's historical claim to the name.
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News and Media
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