PhonePe FY25 results: IPO-bound PhonePe, backed by Walmart, has significantly reduced its losses to Rs 1,720 crore in FY25, a 13.9% improvement year-over-year, while also achieving positive free cash flow. Revenue surged by 40% to Rs 7,115 crore, driven by payment services. Employee benefit costs increased due to higher salaries and share-based payments. The company is preparing for a $1.Read More
Ganesh Consumer Products’ IPO, backed by investor Ashish Kacholia, saw a 6% subscription on day one. Investors are closely watching its grey market premium, price band, and overall prospects before bidding. Market sentiment remains cautious but optimistic amid moderate early demand for the offering.Read More
Euro zone government bond yields were steady in early Monday trade, with investors awaiting data on the Federal Reserve’s preferred inflation gauge in a heavy week for bond sales.Read More
European shares held steady on Monday as losses in automakers offset rising technology stocks, while investors awaited comments from a slew of Federal Reserve officials later in the day.Read More
Japan’s Nikkei ended nearly 1% higher on Monday, rebounding after a volatile last session, as concerns eased over the impact of the Bank of Japan’s decision to sell its holdings of riskier assets.Read More
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