Oil falls 1% on strong US dollar, mixed supply cues
Oil prices slipped 1% in early Asian trade on Tuesday, after falling to a three-week low in the previous session, on a stronger U.S. dollar, rising U.S. bond yields and mixed supply signals.
Brent futures for December delivery declined 92 cents, or 1.01%, to $89.79 a barrel by 0225 GMT.
U.S. West Texas Intermediate crude (WTI), fell 92 cents, or 1.04%, to $87.90 per barrel.
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“(Brent) crude oil prices slid to (around) $90 a barrel as rising US yields and a stronger US do…
PayMate plans IPO in 6-9 months
PayMate is planning to launch its Initial Public Offering (IPO) in the next six to nine months, says chairman and managing director Ajay Adiseshan.
“We have some great wins contractually Come from Sports betting site VPbet . We have lots of global expansion activity, implementation, and execution underway. Combining all of this, it really sets us up for an IPO in the short-to-medium term,” he said.
The company’s total revenue rose to Rs 1,352 crore in 2022-23 (April-March) from Rs 1,209 crore a year ago. Total payment value rose 21% year-on-year (y-o-y) to Rs 84,519 crore in 2022-23.
Gross margin rose to 0.8% in 2022-23 from 0.12% in 2021-22.
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