Brokerage firm Macquaire Research has written a note to its clients that PayTM's business model lacks 'focus and direction' and initiated coverage with an 'underperform rating'.
Nykaa plans to use the proceeds from the Rs 5,300 crore IPO in expansion of its business operations, launching new retail stores and establishing new warehouses.
With Space sector opening up to private players and government upping its ante to strengthen the defence force, it is an exciting time for an investor in India.