Fintech

Happy Thursday! Fintech startup Groww has completed the process of domiciling itself to India from the US. This and more in today’s ETtech Morning Dispatch.

Increasing number of large startups across sectors looking to shift from US, Singapore

Zaggle Prepaid Ocean Services, the parent company of fintech startup Zaggle, re-appoints Avinash Ramesh Godkhindi as MD and CEO. Godkhindi, with Zaggle since 2012, led Citibank's PremierMiles card launch in India. A University of Chicago Booth School of Business alumnus, he brings two decades of financial and fintech experience to Zaggle, founded by Raj P Narayanam in 2011. The company went public in 2023 with its IPO.

Morgan Stanley rates PB Fintech as Equal Weight, Jefferies suggests buying JSW Energy, Goldman Sachs reaffirms its buy rating on Pidilite Industries, and UBS recommends buying Max Financials.

Happy Wednesday! Paytm’s lending business has hit a roadblock as partner NBFCs have stopped issuing loans. This and more in today’s ETtech Morning Dispatch.

Shares of L&T, Tata Power, Canara Bank, Hero Moto and BSE will be in focus today as the companies will announce their fourth quarter results.

PB Fintech Q4 Results: The consolidated revenue for the reporting quarter stood at Rs 1089.57 crore, which was up 25.36% over Rs 869.10 crore reported in the year-ago period. For FY24, the PAT improved from a loss of Rs 488 crore to a profit of Rs 64 crore.

Q4 results today: 43 companies are set to announce Q4 results, with Dr Reddy's and PB Fintech in focus. Dr Reddy's eyes revenue and net profit growth, while PB Fintech anticipates 18% YoY growth in core business premium.

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