Uber reported Q1 revenue up 14% year over year, but it narrowly missed expectations. Even so, the stock rose after the company lifted confidence with a strong outlook for Q2 gross bookings and adjusted earnings per share. Analysts say Uber’s steady pricing and push into higher-margin delivery and new geographies, especially internationally, are paying off.
The RBI cancelled Paytm Payments Bank’s license for regulatory non-compliance, pointing to harmful operations and issues with management. Bernstein calls the move incrementally negative for One 97 Communications but keeps an “Outperform” rating, estimating up to 30% upside. Paytm says its core services are unaffected and expects continuity while the business navigates the fallout.
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