|Day's Range||1,565.00 - 1,581.45|
|52 Week Range||1,090.55 - 1,651.90|
|PE Ratio (TTM)||20.49|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Indian instant messaging platform Hike rolled out an in-app electronic payments wallet on Tuesday in a bid to cash in on rising digital transactions, replicating similar services offered by its backer Tencent Holdings in China. E-payments have surged in India since a shock ban of high-value bank notes in November last year. Providers such as Paytm, backed by Alibaba and SoftBank Group, have rapidly increased their share of the market amid predictions it will jump nearly 10 times to $500 billion by 2020.
Faith in the greater accuracy of their bad-loan reports may have been misplaced.
Yes Bank Ltd. has succeeded on its second attempt to raise capital, as friendlier conditions in financial markets allowed the Indian lender to put last year’s failed share offering behind it.