Paytm, operated by One 97 Communications, is set to report its December quarter earnings, with revenue expected between Rs 1,842 crore and Rs 1,826 crore, a 35-36% YoY decline. Yes Securities predicts an EBITDA loss of Rs 100 crore and Emkay Research estimates a net loss of Rs 346 crore.
Jio Financial Services to invest Rs 1,000 crore in Jio Finance
Jio Financial Services announced on Thursday that it has invested Rs 1,000 crore in Jio Finance, its wholly owned subsidiary. The investment was made through