Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
MobiKwik Shares Crash 10% As Lock-In Period Ends
MobiKwik Shares Crash 10% as Lock-in Period Ends: Digital payments firm MobiKwik experienced a 10% plunge in its share price as the post-IPO lock-in period expired, allowing early investors to sell their holdings. The sell-off reflects market concerns regarding the company's valuation and its competitive standing against rivals like Paytm and PhonePe in India's highly competitive fintech landscape. The stock currently trades significantly below its 52-week high, indicating volatility since its December 2024 listing and ongoing investor apprehension about its core payment business amidst intense competition and declining take rates.