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New-age technology companies such as Zomato, FSN E-Commerce, and PB Fintech were among the top investment picks for mutual funds in May. Despite criticism of these companies lumpy valuations in the past, they have re-focused on improving profitability which has led to institutional interest in them. Zomato s net consolidated loss narrowed to INR 971 crore, and its revenue surged 69% to INR 7,079 crore in FY23. PB Fintech s losses also decreased to INR 487 crore, and revenue increased by 80% to INR 2,558 crore in the same period. Analysts are bullish on Zomato s steady recovery in earnings and growth prospects, while PB Fintech has an oligopoly position in the sector. ....
Bengaluru, January 18 (IANS) The 'Digital India' theme has emerged as an incredible wealth-generation opportunity for retail investors, investment technology platform WealthDesk said on Wednesday. ....
ISec to suggest curated portfolio for investors - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.