While Paytm is looking for a turnaround story with the additional cash balance, Goyal needs to prove his believers right once again with what seems like a costly acquisition.
Event market is estimated to be around $1.8 billion in India, and it is growing at a single-digit rate. Increasing smartphone penetration and rising incomes have made it easy for consumers to discover and attend events.
New Insider Trading Regulations: Are You Guilty?
The Bombay High Court today disposed off Sebi's petition against a CIC order that directed Sebi to disclose investigation details into the RIL insider trading case, reports Ashmit Kumar of CNBC-TV18.
Here is another fairly good indicator of whether a stock offers value: a rival company or its promoter buying stake. This sends a stronger signal to the market than when a high networth investor or a star fund manager backs it.