Latest news with #NPM
Economic Times
3 days ago
- Business
- Economic Times
Bernstein predicts Paytm shares to rally by 23%, cites ‘several near-term catalysts'
Global brokerage firm Bernstein has assigned a target price of Rs 1,100 to Paytm, signalling a significant 23.4% upside potential for the stock from its Wednesday closing price. The firm maintained an "Outperform" rating on Paytm, citing several key catalysts expected to drive the stock higher in the near term. ADVERTISEMENT In its analysis, Bernstein projects that Paytm's earnings per share (EPS) growth will follow a non-linear trajectory, supported by current revenue lines growing at a compound annual growth rate (CAGR) of around 20%, while indirect expenses are expected to grow at a more modest CAGR of 10%. This, Bernstein highlights, could lead to an EPS of INR 70 by FY30E, bringing the stock price closer to the target of Rs 1,100. Here's what Bernstein highlighted:Non-linear EPS growth: Bernstein's analysis of Paytm's future growth is underpinned by a base case that assumes a CAGR of 20% in current revenue lines, with indirect expenses growing at around a 10% would translate to a target EPS of INR 70 by FY30E, which supports the target price of INR 1,100. Bernstein expects several near-term catalysts to drive this potential upside. ADVERTISEMENT Bernstein projects that direct costs for Paytm will grow at a CAGR of 16% (FY25-30E), while indirect expenses are anticipated to increase at a 10% CAGR. This is expected to result in a 22% revenue CAGR, aided by an increasing share of high-margin lending emphasises the stability of Paytm's Unified Payments Interface (UPI) market share, along with unchanged net payments margin (NPM). The brokerage believes that the potential rise in NPM from an increased share of UPI payments could offset the impact of a higher share of UPI payments in Paytm's payments mix. ADVERTISEMENT Also read: Mukesh Ambani's masterstroke: Rs 500 crore bet delivers Rs 9,000 crore windfall gain for Reliance Industries Bernstein forecasts that loan disbursal will grow to around 3.6x FY24 volume. This assumes that Buy Now Pay Later (BNPL) products do not revive, and the volume of personal and merchant loans disbursed on the platform will grow at a 35% CAGR between FY25E and FY30E, which will drive significant revenue for the expects a 15% CAGR in Monthly Transacting Users (MTUs) for Paytm, driven by improvements in consumer engagement and platform usability. The firm suggests that near-term catalysts could help the company grow MTUs, potentially benefiting from a revival of its Payment Aggregator (PA) license application. ADVERTISEMENT Despite the optimistic outlook, Bernstein also highlights a number of key risks that could impact Paytm's future trajectory. These include: A possible return to a high operating expenditure (opex) growth trajectory, driven by increased competition in the market or the pursuit of "moonshot" projects The inability to halt the decline in Paytm's market share in UPI payments, coupled with a potential deterioration in the company's loan distribution business Regulatory changes that could further impact Paytm's operations, particularly any that would weaken its loan distribution business. Beyond the base case scenario, Bernstein identifies significant upside potential if Paytm can capitalise on additional opportunities. These include the potential revival of Paytm's BNPL product and approval for its Payment Aggregator (PA) license. ADVERTISEMENT The brokerage firm also notes that the approval for the PA license could signal a higher probability of Paytm eventually obtaining an NBFC license, although it believes the probability of these "moonshot" options playing out remains shares of Paytm closed 3% higher at Rs 891.30 on the BSE on Wednesday. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Business Wire
3 days ago
- Business
- Business Wire
NuScale Advances Clean Water and Hydrogen Production with Breakthrough Research
CORVALLIS, Ore.--(BUSINESS WIRE)--NuScale Power Corporation (NYSE: SMR), the industry-leading provider of proprietary and innovative advanced small modular reactor (SMR) nuclear technology, today announced research programs aimed at advancing an integrated energy system that can provide both clean water and an energy efficient means for hydrogen production. A single NuScale Power Module™ (NPM) coupled to a state-of-the-art reverse osmosis desalination system could yield approximately 150 million gallons of clean water per day without generating carbon dioxide. 12 NPM's would be able to provide desalinated water for a city of 2.3 million residents and also have surplus power to provide 400,000 homes with electricity. A Novel Approach to Hydrogen Production and Industrial Brine Reuse While NuScale's Power Modules offer an immediate solution for cleanly powering desalination, the resulting brine production remains an environmental challenge. To address this issue, the research team at NuScale Power developed a new approach for hydrogen storage, transport, and production that uses leftover brine from the desalination process as industrial feedstock. NuScale partnered with experts at the U.S. Department of Energy's Pacific Northwest National Laboratory (PNNL) to examine hydrogen production from an inert salt drawn from water desalination byproducts that is safe and easy to transport. NuScale's hydro-thermal chemical decomposition approach to hydrogen production does not require electrolysis of water, driving down energy and water usage while lowering costs. Moreover, it is carbon-free if the energy for the conversion processes comes from NuScale's integrated energy systems. The research on this novel approach was presented at the World Petrochemical Conference in March 2025. It demonstrates progress for both desalination and clean hydrogen, processes with historically challenging issues ranging from how to handle brine waste to concerns about the carbon-intensity of hydrogen production. 'The near-term predictions of global water scarcity have become increasingly alarming while the interest and financial incentives for producing clean hydrogen continue to grow,' said Dr. José Reyes, Co-Founder and Chief Technology Officer of NuScale Power. 'What we have found is a win-win-win aimed at addressing water scarcity, brine remediation, and hydrogen production. We believe our breakthrough innovation can meet our global water challenges while providing clean, carbon-free energy.' NuScale has also developed an Integrated Energy System simulator for hydrogen production (High-Temperature Steam Electrolysis Mode), hydrogen storage, and hydrogen power production (Fuel Cell Mode) at its headquarters in Corvallis, Oregon. The simulator enables the company to dynamically evaluate and optimize different configurations for a wide range of commercial scale industrial applications requiring greater than 200 metric tons of hydrogen per day. 'NuScale continues to evaluate a wide range of SMR-powered hydrogen production methods,' said Reyes. 'Our operations team, working with GSE Solutions and Fuel Cell Energy, developed and coupled a Solid Oxide Electrolysis model for hydrogen production and a Fuel Cell model for power production to our Main Control Room Simulator. NuScale is the first SMR company to achieve this goal using integrated energy systems that support hydrogen production.' About NuScale Power Founded in 2007, NuScale Power Corporation (NYSE: SMR) is the industry-leading provider of proprietary and innovative advanced small modular reactor (SMR) nuclear technology, with a mission to help power the global energy transition by delivering safe, scalable, and reliable carbon-free energy. The NuScale Power Module™, the company's groundbreaking SMR technology, is a small, safe, pressurized water reactor that can each generate 77 megawatts of electricity (MWe) or 250 megawatts thermal (gross), and can be scaled to meet customer needs through an array of flexible configurations up to 924 MWe (12 modules) of output. As the first and only SMR to have its designs certified by the U.S. Nuclear Regulatory Commission, NuScale is well-positioned to serve diverse customers across the world by supplying nuclear energy for electrical generation, data centers, district heating, desalination, commercial-scale hydrogen production, and other process heat applications. To learn more, visit NuScale Power's website or follow us on LinkedIn, Facebook, Instagram, X and YouTube. Forward Looking Statements This release may contain forward-looking statements (including without limitation statements containing words such as "will," "believes," "expects," 'anticipates,' "plans" or other similar expressions). These forward-looking statements include statements relating to expectations regarding NuScales' research programs, including advancing an integrated energy system, the amounts of water and power that could be produced, and the ability to address water scarcity, brine remediation and hydrogen production and to meet global water challenges while providing clean, carbon-free energy, strategic and operational plans, capital deployment, future growth, new awards, backlog, earnings and the outlook for the company's business. Actual results may differ materially as a result of a number of factors, including, among other things, the Company's liquidity and ability to raise capital; the Company's failure to receive new contract awards; cost overruns, project delays or other problems arising from project execution activities, including the failure to meet cost and schedule estimates; our expectations regarding obtaining regulatory approvals, and the timing thereof, to deploy our SMRs in the United States and abroad; forecasts regarding end-customer adoption rates and demand for our products in the markets that are new and rapidly evolving; limitations on the effectiveness of our controls and procedures and our remediation plans related thereto; intense competition in the industries in which we operate; failure of our partners to perform their obligations; cyber-security breaches; foreign economic and political uncertainties; client cancellations of, or scope adjustments to, existing contracts; failure to maintain safe worksites and international security risks; risks or uncertainties associated with events outside of our control, including weather conditions, pandemics (including COVID-19), public health crises, political crises or other catastrophic events; macroeconomic conditions; the use of estimates and assumptions in preparing our financial statements; client delays or defaults in making payments; the failure of our suppliers, subcontractors and other third parties to adequately perform services under our contracts; uncertainties, restrictions and regulations impacting our government contracts; the inability to hire and retain qualified personnel; the potential impact of certain tax matters; possible information technology interruptions; the Company's ability to secure appropriate insurance; liabilities associated with the performance of nuclear services; foreign currency risks; the loss of one or a few clients that account for a significant portion of the Company's revenues; damage to our reputation; failure to adequately protect intellectual property rights; asset impairments; climate change and related environmental issues; increasing scrutiny with respect to sustainability practices; the availability of credit and restrictions imposed by credit facilities for our clients, suppliers, subcontractors or other partners; failure to obtain favorable results in existing or future litigation and regulatory proceedings, dispute resolution proceedings or claims, including claims for additional costs; failure by us or our employees, agents or partners to comply with laws; new or changing legal requirements, including those relating to environmental, health and safety matters; failure to successfully implement our strategic and operational initiatives and restrictions on possible transactions imposed by our charter documents and Delaware law. Caution must be exercised in relying on these and other forward-looking statements. Due to known and unknown risks, the Company's results may differ materially from its expectations and projections. Additional information concerning these and other factors can be found in the Company's public periodic filings with the Securities and Exchange Commission (the 'SEC'), including the general economic conditions and other risks, uncertainties and factors set forth in the section entitled 'Cautionary Note Regarding Forward-Looking Statements' and 'Summary of Risk Factors' in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and in subsequent filings with the SEC. The referenced SEC filings are available either publicly or upon request from NuScale's Investor Relations Department at ir@ The Company disclaims any intent or obligation other than as required by law to update the forward-looking statements.
Scoop
13-06-2025
- Politics
- Scoop
UN Torture Prevention Body To Visit Serbia
Geneva,10 June 2025 - The UN Subcommittee on Prevention of Torture (SPT) will conduct its first visit to Serbia from 15 to 21 June to assess the measures taken by the country to protect people deprived of liberty from torture and ill-treatment. During the mission, the SPT delegation will visit prisons, police stations and other places where people are or may be deprived of their liberty. The delegation will meet with government officials, the Protector of Citizens (Ombudsman), representatives of civil society, and UN agencies. The delegation will also hold meetings and conduct joint visits with the national monitoring body, officially known as the National Preventive Mechanism (NPM). 'We will be there to see, to listen, and to examine the conditions in which prisoners, detainees, and all others deprived of their liberty are held. Our visit will focus on how safeguards against torture and ill-treatment are being implemented in practice, and how these protections can be further strengthened,' said Massimiliano Bagaglini, who is heading the SPT delegation. 'A comprehensive national torture prevention system requires regular visits by an independent and well-resourced national detention monitoring body, and we will therefore also be looking at the functioning of the NPM in Serbia,' he added. The SPT is mandated to visit all States Parties to the Optional Protocol to the Convention against Torture (OPCAT), which Serbia ratified in 2006. At the end of the visit, the SPT will present its confidential preliminary observations to the Government of Serbia. The SPT delegation will be composed of the following members of the Subcommittee: Massimiliano Bagaglini, Head of Delegation (Italy), Vasiliki Artinopoulou (Greece), Kalliopi Kambanella (Cyprus), Nika Kvaratskhelia (Georgia) as well as two Human Rights Officers from the SPT Secretariat.
Scoop
07-06-2025
- Politics
- Scoop
UN Torture Prevention Body To Visit Peru As Field Missions Resume
GENEVA (5 June 2025) –The UN Subcommittee on Prevention of Torture (SPT) is set to undertake its first two visits of this year, to Peru and Serbia, from 15 to 21 June 2025. These visits mark the resumption of SPT's important in-country work, following the postponement of four missions earlier this year. The initial postponement of SPT visits was due to budget constraints related to the UN liquidity situation. The upcoming visit to Peru will be the second mission to the country, following one that took place in 2013. The Subcommittee delegation will visit various places of deprivation of liberty to evaluate the treatment of people held therein and the measures taken to protect them from torture and ill-treatment. 'In addition to visiting centres of deprivation of liberty across the country and interviewing people within the facilities and personnel who work there, we will pay special attention to how the authorities have implemented our recommendations from 2013. We will also use this opportunity to engage and collaborate with the National Preventive Mechanism (NPM),' said Marie Brasholt, head of the delegation. 'A comprehensive national system for the prevention of torture requires an independent and impartial NPM in charge of monitoring places through regular visits, and it must have adequate resources,' she added. Peru ratified the Optional Protocol to the Convention Against Torture (OPCAT) in 2006 and its NPM, established by law in 2015, is housed within the Ombudsman´s Office (Defensoría del Pueblo). Under its mandate, the SPT can conduct visits to State parties and carry out visits without prior notice to any places where people are or may be deprived of liberty. To follow up on its prior recommendations and appraise the progress made by the Peruvian authorities towards preventing torture through legislative, administrative, and other measures, the SPT delegation will hold meetings with government authorities, civil society, UN agencies, and the NPM, with whom it will also conduct a joint visit. Following the visit, the delegation will send a report to the State party, which will remain confidential unless and until the Peruvian authorities decide to make it public, as was the case with the first report. The SPT delegation will be composed of the following members: Marie Brasholt, head of the delegation (Denmark), Barbara Bernath (Switzerland), Luciano Mariz Maia (Brazil), and Maria Luisa Romero (Panama), along with two members of the Secretariat. The SPT had originally planned to visit, in 2025, not only Serbia and Peru, but also Burundi, Mexico, Mozambique, New Zealand, France, and Afghanistan. The SPT views the resumption of its visits, despite the ongoing financial constraints, as essential to fulfilling its preventive mandate and to assessing conditions in places of deprivation of liberty, where independent oversight is most urgently needed. Background: The Subcommittee on Prevention of Torture monitors States parties' adherence to the Optional Protocol to the Convention against Torture, which to date has been ratified by 94 countries. The Subcommittee is made up of 25 members who are independent human rights experts drawn from around the world, who serve in their personal capacity and not as representatives of States parties. The Subcommittee has a mandate to visit States that have ratified the Optional Protocol to the Convention against Torture, during the course of which it may visit any place where persons may be deprived of their liberty and assist those States in preventing torture and ill-treatment. The Subcommittee communicates its observations and recommendations to States through confidential reports, which it encourages countries to make public.
Associated Press
04-06-2025
- Business
- Associated Press
Nasdaq Launches Exclusive Access to Nasdaq Private Market's Tape D® API to Deliver Advanced Visibility into Private Markets
NEW YORK, June 04, 2025 (GLOBE NEWSWIRE) -- Nasdaq® (Nasdaq: NDAQ) announced today that the company has partnered with Nasdaq Private Market (NPM), a leading provider of secondary liquidity solutions to private companies, employees, and investors, to provide greater price transparency and valuation visibility into private, pre-IPO companies, including unicorns and other startups through NPM's Tape D® private company dataset. As the exclusive distributor of the Tape D API, Nasdaq is enhancing essential transparency and access to an increasingly complex private company landscape. Now available to Nasdaq clients through API integration via Nasdaq Data Link, Tape D addresses critical transparency challenges by helping investors evaluate private holdings with greater confidence, enabling banks to structure private transactions more effectively, supporting wealth advisors and shareholders in managing liquidity needs, and equipping private companies with valuable insights for capital raises and tender offers. This comprehensive data product delivers real-time private market pricing by seamlessly integrating primary round data, secondary market transactions, and accounting data including mutual fund marks and 409A valuations. 'Nasdaq was founded on the principle of leveraging technology to make markets more efficient, and we are committed to driving the same transformation in private markets that we've achieved in public markets,' said Oliver Albers, Executive Vice President, Chief Product Officer, Capital Access Platforms at Nasdaq. 'The collaboration with Nasdaq Private Market builds upon this foundation, reflecting Nasdaq's continued commitment to creating an ecosystem where transparency, accessibility, and improved outcomes naturally extend across the entire investment lifecycle,' noted Albers. 'The private market is now a critical arena for valuation, investment, and planning, and requires accurate, real-time data. With over 1,200 unicorns and billions in equity held by private shareholders, the need for a reliable valuation benchmark is greater than ever. Tape D brings essential clarity to private markets, and we are excited to partner with Nasdaq to broaden access to market participants,' said Marc Perkins, CFA, Senior Vice President of Product at Nasdaq Private Market. In addition to the Tape D API from Nasdaq, NPM offers individual subscriptions directly via NPM's website. The launch of this data partnership with Nasdaq Private Market marks the latest step in Nasdaq's commitment to enhancing transparency, access, and portfolio management capabilities across the public-to-private investment spectrum. This includes offerings such as Nasdaq Fund Secondaries, which bring greater efficiency, transparency, and scalability to secondary transactions. Nasdaq also delivers solutions designed to equip asset owners and asset allocators with essential research and portfolio management tools that span both public and private markets. These enhancements address specific market challenges, helping managers clearly articulate their value propositions to gather assets while giving allocators the visibility they need for confident decision making. For more information about accessing the Nasdaq Private Market Tape D Data API, please visit: About Nasdaq Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at Nasdaq® is a registered trademarks of Nasdaq, Inc. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither Nasdaq, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies or Nasdaq proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED. © 2025. Nasdaq, Inc. All Rights Reserved. About Nasdaq Private Market Nasdaq Private Market provides liquidity, wealth and data solutions for private companies, employees, and investors throughout each stage of the pre-IPO lifecycle. Since inception over a decade ago, NPM has executed nearly $60 billion in transactional volume for 200,000+ individual eligible employee shareholders and investors across 775+ company-sponsored liquidity programs. Founded within Nasdaq, Inc. in 2013, today NPM is an independent company with strategic investments from Nasdaq, Allen & Company, Bank of America, BNP Paribas, Citi, DRW Venture Capital, Goldman Sachs, HiJoJo Partners, Morgan Stanley, UBS, and Wells Fargo. Learn more at Visit LinkedIn and X for the latest company news. Disclosures and Disclaimers NPM is not: (a) a registered exchange under the Securities Exchange Act of 1934; (b) a registered investment adviser under the Investment Advisers Act of 1940; or (c) a financial or tax planner and does not offer legal or financial advice to any user of the NPM website or its services. Securities-related services are offered through NPM Securities, LLC, a registered broker-dealer and alternative trading system, and member FINRA/SIPC. Transactions in securities conducted through NPM Securities, LLC are not listed or traded on The Nasdaq Stock Market LLC, nor are the securities subject to the same listing or qualification standards applicable to securities listed or traded on The Nasdaq Stock Market LLC. Please read these other important disclosures and disclaimers about NPM found here: Contact: Max Leitenberger Corporate Communications, Nasdaq [email protected] Amanda Gold Chief of Staff and Chief People Officer, Nasdaq Private Market [email protected]
